Stablecoin
Galaxy Digital Eyes BTC Dip? $30 Million Moved to Binance as Bitcoin Falls Below $90K
Bitcoin fell below the $90,000 mark in the past 24 hours, dropping by 2.56%. Seemingly taking advantage of this dip, Galaxy Digital, the digital asset and blockchain firm, transferred 30...
Stablecoin Market At $181B To Lay the Foundation for $100K Bitcoin?
The stablecoin market has surged to $181 billion, up 3% in the past week, as Bitcoin and the broader crypto market continue their historic rally, data from DeFiLlama shows. Just...
Binance Launchpool Adds New Stablecoin, USUAL
Binance introduced its latest token, Usual (USUAL), through the Binance Launchpool. The exchange is allowing users to buy USUAL tokens by farming BNB and FDUSD before its pre-market listing on...
Avalon Labs’ USDa Stablecoin Reaches 100M Supply, $200M in BTC Backing
Avalon Labs has launched USDa, a Bitcoin-backed overcollateralized stablecoin. The new blockchain-based digital asset reached a supply of over 100 million. Its collateralized Bitcoin assets are $200 million, according to...
Tether Injects $1.8B into Exchanges, Fueling Bitcoin’s Surge to $76K
Tether, the stablecoin firm behind USDT, injected a massive 1.845 billion USDT into exchanges on the Ethereum blockchain network, which may be one reason why the price of Bitcoin (BTC)...
Global Dollar (USDG) Stablecoin Launched by Industry Giants
Major players in the digital asset industry, including Robinhood, Paxos, Kraken, Nuvei, Bullish, Anchorage, and Galaxy Digital, have partnered to launch a new stablecoin called the Global Dollar (USDG). The...
Stablecoins and Blockchain Drive Demand for US Treasuries: Report
Digital assets, particularly stablecoins and blockchain projects, are reshaping the financial landscape. A report from the U.S. Department of Treasury shows that digital currencies are driving demand for U.S. Treasuries...
Tether FUD Returns? Bitcoin Price Dips, Then Recovers
Bitcoin experienced significant volatility in the closing hours of Friday’s trading session, dropping nearly 5% in a few hours, after news broke about a U.S. government investigation into Tether, the...
Ripple Mints Another 50k RLUSD, Stablecoin Supply Now at $48M
Ripple has minted another 50,000 RLUSD tokens, increasing its stablecoin supply. The minting was confirmed on the Ethereum blockchain by a community-based tracker and recorded at block height 21041720. This...
UK Stablecoin Legislation Expected in “Months, Not Years,” Says Circle Executive
Crypto firm Circle, the second-largest stablecoin issuer, is optimistic that the UK will introduce stablecoin regulations within “months, not years.” Dante Disparte, Circle’s global head of policy, shared this outlook...
Stablecoin Regulation Heats Up: Lawmakers Push for Guardrails
Federal Reserve Governor and former FOMC member Christopher Waller compared decentralized finance (DeFi) with centralized finance (CeFi), asserting that the former cannot completely replace the latter. At the Vienna Macroeconomics...
Yellow Card Raises $33 Million to Expand Stablecoin Access in Africa
Yellow Card, a leading stablecoin platform in Africa, has secured $33 million in Series C funding. The round, led by Blockchain Capital, brings the company’s total equity financing to $85...
SCB Launches Stablecoin Service for Cross-Border Payments in Thailand
In Thailand, Siam Commercial Bank (SCB) launched a new stablecoin service to streamline cross-border payments. This move is a significant development in Thailand’s financial market, with SCB aiming to offer...
USDT’s User Base Reaches 330 Million, Driven by Tron, BSC, and Ethereum
Tether announced its stablecoin, USDT, saw a dramatic increase in its user base. By the end of Q3 2024, the network recorded 330 million on-chain wallets, solidifying its position in...
Stablecoin Market Cap Explodes to $173 Billion — Is This Bearish for Bitcoin?
The total market capitalization of stablecoins has surged to $173 billion, a level not seen since May 2022. This significant increase in stablecoin demand could foreshadow a pullback in Bitcoin’s...
Brazil’s Crypto Soars on 42% Stablecoin Growth And Institutional Influx
Brazil’s crypto market is changing, with strong growth in stablecoin usage and renewed institutional interest from major financial entities. According to data from Chainalysis, the stablecoin market in Brazil is...
PayPal Completes First Corporate Payment Using PYUSD Stablecoin
Financial technology company PayPal Holdings achieved a significant milestone in corporate payments, potentially driving mainstream crypto adoption. The platform executed its first business transaction using its stablecoin PayPal USD (PYUSD)...
Tether’s USDT Faces Potential Delisting from Coinbase
Coinbase announced its plans to delist all unauthorized stablecoins from its platform by the end of the year due to new MiCA requirements. The exchange is focusing on tokens in...
Stablecoins Propel Nigeria to 2nd Place in Crypto Adoption
Nigeria’s cryptocurrency economy has boomed, making it a global leader in crypto adoption. According to a report by Chainalysis, between July 2023 and June 2024, the African country ranks second...
Ethereum vs. TRON: ETH Still Leads in Stablecoin Market Share
Ethereum remained the top platform for stablecoins even with the fluctuations in the market. According to CoinGecko, Ethereum holds about $84.6 billion in stablecoins, representing 49.1% of the total stablecoin...
Rep. Maxine Waters Calls Crypto ‘Inevitable,’ Robinhood Eyes Stablecoin
U.S. Representative Maxine Waters, a well-known critic of the cryptocurrency industry, recently acknowledged that crypto is “inevitable” during an interview. In a recent Thinking Crypto podcast, host Tony Edward analyzed...
Ethena to Launch Stablecoin Backed by BlackRock’s Tokenized BUIDL Fund
Ethena is preparing to launch a new stablecoin called UStb with Securitize, a real-world asset tokenization platform. Unlike its synthetic dollar stablecoin, USDe, UStb will be backed by BlackRock’s USD...
DWF Labs to Launch High-Yield Synthetic Stablecoin with Omnichain Capabilities
DWF Labs is getting ready to launch its synthetic stablecoin product between late 2024 and early 2025. This new stablecoin aims to give investors enticing annual percentage yields (APYs) that...
TON Foundation Taps Curve Finance to Improve Stablecoin Liquidity
The TON Foundation has teamed up with Curve Finance to support a new TON-based stable swap project. This collaboration will enhance stablecoin trading on the platform, making it more efficient...
USDT Adoption Fuels TRON’s Growth, Justin Sun Eyes Top 3 Spot
TRON founder Justin Sun boldly predicted TRON to become one of the top three cryptocurrencies within the next two years. Sun made the statement during an interview with Austin Arnold,...
