Stablecoin

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...

The Republic of Palau, an island nation in the western Pacific Ocean, partnered with American fintech firm Ripple back in 2021 for its stablecoin project and the two have shared...

Ripple has initiated beta testing of its US Dollar-backed stablecoin, Ripple USD (RLUSD), on both the XRP Ledger (XRPL) and Ethereum mainnets. In an official X post on August 9,...

Recent investor activity suggests a return of confidence in the cryptocurrency market after a few days of significant panic. On-chain data from multiple platforms reflect an influx of capital, especially...

Shiba Inu (SHIB) has shown a strong recovery in its price, with the SHIB/USDT pair surging sharply after a significant dip. This rapid rise has caught the attention of many...

Ripple released an exclusive webpage for its stablecoin RLUSD, which has not yet been launched. The webpage release showcases Ripple’s efforts to establish RLUSD’s roots in the stablecoin market. Despite...

Data analyst Joao Wedson has identified a correlation between the USDT transaction volume on the TRON network and Bitcoin prices. In a post on Cryptoquant, Wedson explained how USDT correlates...

Wall Street is diving deeper into tokenization, transforming real-world assets into digital tokens on the blockchain. But there’s a catch: should they venture into the “Wild West” of decentralized finance,...

Reflexer Finance, the team behind RAI, the first non-pegged stable asset backed solely by Ethereum (ETH), recently solicited suggestions from the community on desired changes for a second version of...

Terra Luna Classic, the crypto firm behind the Terra stablecoin collapse, has set a deadline of August 21st for community members to file claims related to their crypto losses. This...

The Bank for International Settlements (BIS), through the Basel Committee on Banking Supervision, has announced targeted amendments to its crypto asset standards. These amendments prioritize stablecoins issued on permissioned blockchains...

Hong Kong’s Financial Services and the Treasury Bureau (FSTB) announced its upcoming release of the stablecoin consultation report results. This move is part of the region’s effort to draft legislative...

Prominent stablecoin issuer Tether has frozen a TRON wallet, TNVaKW, containing $29.62 million in USDT tokens, suspected to be linked to criminal activities and crypto money laundering. This action took...

Hong Kong authorities are reportedly gaining experience in handling crimes involving cryptocurrencies. According to a recent report, authorities in Hong Kong thwarted a kidnapping attempt where the kidnappers demanded a...

Bankrupt crypto exchange FTX and its affiliated trading firm Alameda Research have transferred $2.5 million in stablecoins to crypto market makers Wintermute and Cumberland. Blockchain security platform PeckShield identified the...