Stablecoin
Binance Moves $72M in USDT as Aliniex Adds TON Chain USDT Support
In a significant development within the cryptosphere, a staggering 72 million USDT (equivalent to $71,968,932) has been transferred from Binance to the Tether Treasury, as tracked by Whale Alert. This...
AUSD Launch: How Agora Aims to Revolutionize Stablecoins
Nick van Eck, the CEO of the stablecoin issuer firm Agora, recently shared insights on “yield-bearing stablecoins,” stating that they are “not money or stablecoins.” To be clearer, van Eck...
Stablecoin Showdown: Tether vs. EU Regulations
Kraken, a major cryptocurrency exchange, is contemplating the delisting of Tether’s USDT stablecoin from its European platform in response to upcoming regulations from the European Union. Marcus Hughes, Kraken’s global...
DAI Supply Continues to Surge: 24% Increase in Over Two Months
The supply of leading stablecoin DAI has seen a remarkable growth spree since early March, with a 24% increase in just over two months, rising from 4.42 billion to 5.48...
Coins.ph to Trial Stablecoin in Philippines’ Remittance Market, Here’s Why
The financial realm of the Philippines stands on the brink of change as the central bank gives the green light to Coins.ph to experiment with a groundbreaking stablecoin in the...
I wasn’t attacking Tether,’ Ripple CEO Clarifies Statement on USDT
Tether chief executive Paolo Ardoino recently took to social media platform X to highlight the statement on USDT given by Ripple CEO Brad Garlinghouse in an interview, calling him an...
Tether Attacks Ripple CEO Over USDt FUD, Calls Him “Uninformed CEO”
Paolo Ardoino, the CEO of prominent stablecoin issuer Tether (USDt), has fired back at the critical remarks of Ripple CEO Brad Garlinghouse. For context, Garlinghouse recently asserted that the U.S....
Only 14% of Stablecoins Survive, Says Deutsche Bank Research Report
In a recent study, Deutsche Bank Research analysts concluded that most stablecoins failed, with only 14% surviving. Raising concerns regarding the future of stablecoins, the researchers posited, “Some may survive,...
Are Stablecoins the Future of Payments? New Study Raises Doubts
A new study by Visa and Allium Labs shares the idea of stablecoins becoming widely used for everyday transactions. The study reveals that a staggering majority (over 90%) of stablecoin...
Ethereum Breaks Stablecoin Volume Records in April
Ethereum, the world’s leading smart contract blockchain network, witnessed a surge in stablecoin volume in April, reaching unprecedented levels, according to recent data. This surge, however, also includes flash loan...
There is “A Lot of Noise” in the Widespread Stablecoin Data – Visa
According to Cuy Sheffield, Head of Crypto at Visa, his company has created an Onchain Analytics Dashboard that aims to provide accurate information about the growth of stablecoins. Sheffield made...
Tether Sets New Record With $4.52 Billion Net Profit in Q1 2024
Tether, the world’s leading stablecoin issuer, has reported a record-breaking return for Q1 2024. In a recently published Q1 2024 attestation report, the firm noted that its net profit hit...
Circle’s USDC Takes the Lead in Stablecoin Transactions
According to data from on-chain analytics provider Visa Inc., Circle’s USDC transaction volume has surpassed Tether’s USDT since the beginning of 2024. The latest figures reveal that Circle’s USDC has...
South Africa’s Crypto Future Secure Despite Election Uncertainty
The South African crypto landscape is preparing for profound changes, as the upcoming election is not expected to affect the nation’s positive perception of digital assets. Despite political shifts on...
Will BRICS Use Ripple’s XRP Settlement Platform for Stablecoin?
In a recent revelation, the BRICS consortium, comprising major powers including Brazil, Russia, India, China, and South Africa, has announced its plans to launch a stablecoin for international settlements. The...
Stripe to Debut Support for Global Stablecoin Payments This Summer
Stripe CEO Patrick Collison announced that the company will begin supporting global stablecoin payments this summer. Transactions will instantly settle on-chain and automatically convert to fiat currency. The CEO has...
Democrat Maxine Waters Pushes for Stablecoin, Cannabis Banking Reforms
Democratic Representative Maxine Waters has pointed out the major breakthroughs in stablecoin regulation and cannabis banking bills, pinpointing the potential for future improvements in these critical fields. In an interview...
US Lawmakers Bring New Stablecoin Bill to Bring Clarity to the Crypto Space
Junior United States senators from New York and Wyoming, Kirsten Gillibrand and Cynthia Lummis have introduced a new stablecoin bill in the country to bring clarity in the digital asset...
Real-time Risk Monitor for Ethena USDe Stablecoin Now Live
Arthur Hayes, the founder of the BitMEX exchange, recently presented a risk radar chart for Ethena Labs’ USDe stablecoin with on-chain provided by intelligence platform IntoTheBlock. In a recent post...
Cantor Fitzgerald CEO Advocates for Stablecoins and Asset Tokenization
Cantor Fitzgerald LP’s CEO is bullish on asset tokenization and stablecoins. Howard Lutnick believes that stablecoins can benefit the US economy. Lutnick also voiced concerns about central bank digital currencies...
Stablecoin Injected with Over $4.2B Amid Bull Market Frenzy
The stablecoin market has seen a $4.21 inflow within the last ten days. Tether USDT accounted for a $2.4 billion inflow, mainly via the Tron blockchain. Ethena Labs’ USDe climbed...
Ethena’s USDe Now Real Threat To Maker’s DAI: Coinbase Analyst
David Han, a research analyst at Coinbase, has highlighted Ethena’s newly launched USDe stablecoin as a formidable rival to MakerDAO’s DAI stablecoin. In Coinbase’s latest market trends report, research analyst...
Ethena’s Bitcoin Backing of USDe Raises Concerns of Terra Luna Repeat
Ki Young Ju, the CEO of data analytics platform CryptoQuant, raised concern about Ethena Labs’ decision to back its recently launched USDe stablecoin with Bitcoin. In an announcement on Thursday,...
ZA Bank Explores Providing Hong Kong Accounts for Stablecoin Issuers
ZA Bank in Hong Kong is currently in discussions with potential stablecoin issuers regarding establishing accounts for the cash reserves supporting these tokens. Details of this development were captured by...
Fantom Set to Unveil Canonical Stablecoin Backed by Circle and Wormhole
Fantom is set to roll out its new stablecoin, USDC.e, in collaboration with Circle and Wormhole. Billed to debut on April 5, this move marks a positive for the Fantom...
