Stablecoin
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,...
Americans Warm to Crypto, But Stablecoin Doubts Persist
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...
Central & Southern Asia and Oceania Lead Global Crypto Adoption
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,...
Stablecoin Stability Tested: A History of De-Pegging Events
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 Flock to USDT as Market Uncertainty Grows
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...
OKX Transfers 6.275M USDT to FTX/Alameda: Creditor Repayments Begin?
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....
IDA Raises $6M to Launch Hong Kong Dollar-Backed Stablecoin
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 Ups PYUSD Borrowing Limits
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...
Stablecoins Hit Record $177B Market Cap, Tether Leads Surge
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)...
DeFi Needs TradFi Integration to Thrive: M^0 Labs CEO
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 & Anchorage Launch PYUSD Rewards for Institutions
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...
Tether and FBI Team Up to Recover $5 Billion in Crypto
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 To Support FEA, Launches Two Crypto Exchanges: Report
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...
