Stablecoin

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...

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 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...

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)...

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...

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 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...

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 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 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...

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...

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,...

A recent Deutsche Bank report reveals that fewer than 1% of U.S. consumers now see cryptocurrency as a fleeting “fad.” Over half of respondents view crypto as a crucial asset...

The 2024 Global Crypto Adoption Index shows a surprising trend: Central & Southern Asia and Oceania (CSAO) is now the world leader in cryptocurrency adoption. In the latest Chainalysis report,...

Recent market upheavals have highlighted the ongoing struggle for stablecoins to maintain their $1 peg during periods of instability. Major events like the Terra collapse and the US banking crisis...

Crypto investors have massively increased their stablecoins holdings with USDT accumulation on the rise amid a sluggish market. Data from CryptoQuant reveals a sharp rise in USDT holdings since August’s...

Blockchain security firm PeckShield observed transfers from cryptocurrency exchange OKX to wallets linked to the bankrupt FTX exchange. Early Friday morning, an Alameda/FTX-labeled address received 6.275 million USDT from OKX....

Hong Kong-based digital asset company IDA has successfully raised $6 million in seed funding, with major backing from blockchain investors CMCC Global’s Titan Fund and Hashed. This investment propels IDA...

Kamino Finance has increased the global borrowing cap for PayPal’s stablecoin, PYUSD to $20 million. This expansion allows users to borrow PYUSD by using any collateral asset they hold on...

The stablecoin market is booming, reaching a new all-time high of $177 billion. This marks 11 consecutive months of growth, shattering the previous record set in March 2022. Tether (USDT)...

Luca Prosperi, the head of M^0 Labs (a company that helps institutions create their own cryptodollars), shared his thoughts on decentralized finance (DeFi) and more in a recent interview on...

PayPal and Anchorage Digital are rolling out a new stablecoin rewards program specifically for institutional investors. The program, announced on August 22, will offer yield on PayPal USD (PYUSD) tokens...

The U.S. Attorney’s Office for the Eastern District of North Carolina publicly commended Tether, the leading stablecoin issuer, for assisting in the recovery of funds connected to a major fraud...

Russia is gearing up to launch two crypto exchanges aimed at facilitating foreign economic activity (FEA). Reports indicate these exchanges will be established in St. Petersburg and Moscow under a...

Tokenized asset markets have reached a new all-time high, surpassing $10.9 billion. This represents a 37.1% increase from the roughly $8 billion at the start of the year. The surge...