Stablecoin
Stablecoin Giant Tether Seeks to Be Major Bitcoin Miner, Pledges $500M
Paolo Ardoino, the incoming chief executive officer of Tether Holdings, the issuer of $87 billion USDT stablecoin, has disclosed the company’s ambitious plan to establish itself as a significant player...
Singapore Approves New USD Stablecoins Amid Tightening Competition
Singapore has awarded in-principle license approvals to stablecoin issuers Paxos Digital Singapore and StraitsX, intensifying the competition among Asian financial centers to capture a share of the $127 billion global...
The Fed’s Fund Rate Correlates With Stablecoin Liquidity: Analyst
According to Tom Wan, Research Analyst at 21.co, two significant stablecoin liquidity drops have occurred since Terra and FTX crashed. Wan used on-chain data to identify a corresponding behavior in...
USDC Issuer Circle Eyes Fresh IPO After Failed 2022 Bid
Circle Internet Financial LTD., the parent company of the USDC stablecoin, is planning for an early 2024 public offering. Circle was valued at $9 billion when it tried to go...
Regulators in Brazil Keep Watch on USDT as Trade Volume Soars
In a recent report, regulators in Brazil have noted the rapid rise in USDT’s trading volume in the country. According to Brazil’s Federal Reserve, monthly surveys conducted since 2019 indicate...
Stablecoins’ Market Cap Surged Last Week, Shows On-Chain Data
Santiment revealed that the collective stablecoin market cap surged during the past week. According to the post, the stablecoin market cap recorded its 2nd largest 2-day rise since June this...
Vitalik Buterin’s Recent 15 Million USDC Move Raises Questions
A series of stablecoin transactions linked to Ethereum Co-Founder Vitalik Buterin has sparked curiosity and speculation within the crypto community. According to on-chain analyst Lookonchain, Buterin received nearly 15 million...
Israel Alleges Mysterious Stablecoin Whales Are Islamist Groups
The blockchain analytics platform ChainArgos has reported a claim by the Israeli National Bureau for Counter Terror Financing alleging that military groups and political parties including Hamas, ISIS, and Hezbollah,...
Tangible Faces Crisis as USDR Stablecoin Crashes: What’s Next?
Tangible, an ecosystem for tokenized real-world assets, suffered from the crash of its stablecoin, Real USD (USDR). The stablecoin is a native yield stablecoin backed by real estate, but Tangible...
Retail Trading Of Stablecoin Prohibited Till 2024: Hong Kong Official
According to a local news outlet, Ming Pao, the Secretary for Financial Services and the Treasury in Hong Kong, Christopher Hui, has announced that retail trading of stablecoins will not...
Crypto Expert Accuses Justin Sun of Running a “Web of Deception”
Crypto expert accused Justin Sun of using wash-trading on the crypto exchange Huobi. LeClair claims USDT deposits on HTX are being swapped for stUSDT without users noticing. Sun swaps fake...
Stablecoins Are Not Securities: Circle Argues in Favor of Binance
Circle, the issuer of the USDC stablecoin, has filed an amicus curiae or friend of the court brief in support of Binance in the ongoing case with the Securities and...
Justin Sun Injects Fresh $815M Worth of TUSD Into Circulation
Justin Sun minted $815 million in TUSD stablecoins on Friday, September 15, 2023. The newly minted TUSD was replaced by stUSDT and deposited into JustLend. JustLend’s total value locked (TVL)...
LINK Price Expected To Remain Stable After Massive Token Unlock
A few hours ago, about 18.75 million LINK tokens were unlocked and transferred out by multiple non circulating wallet addresses. At press time, LINK was worth $6.29 after its price...
Current Version of Stablecoin Bill Won’t Get Signed into Law: Circle CEO
Jeremy Allaire, the co-founder and CEO of USD issuer Circle, stated that he doesn’t think that the Congressional stablecoin bill that came out of the Financial Services Committee will be...
BUSD Loses Global Ranking — Is It Time to Look for Another Stablecoin?
Binance’s BUSD (Binance USD) initially experienced substantial growth and strong support from the exchange during its inception. However, recent data indicates a different trend, with BUSD’s market capitalization declining by...
Stablecoins Are The True Killer App of Crypto, Says Peter Johnson
According to Co-Head of Venture Investments at Brevean Howard Digital Peter Johnson, stablecoins like Tether (USDT) and USD Coin (USDC) are evolving into the “killer app” of cryptocurrency. In a...
Chinese Authorities Burst $1.5M USDT Fraud Scheme, Remands 4 Suspects
In a recent report from a Chinese news agency, four individuals suspected of engaging in a complex crypto fraud scheme have been apprehended. The suspects allegedly conspired with an overseas...
Ripple CTO: ODL Can Integrate with DEXs, But Stablecoins Holding Progress
The XRP Army recently held an X space conversation under the title “What’s happening with XRP?” One of the facilitators with X username Dark Horse asked Ripple’s Chief Technology Officer,...
Top 6 Stablecoins Gain $663.2M in Market Cap Since August 22
According to Santiment, the market intelligence platform with on-chain and social metrics, the combined market caps of the top six stablecoins have grown by $663.2 million since August 22. This...
Recent Research Portrays Tether USDT’s Intriguing Depeg in August
Kaiko researcher Riyad Carey revealed an intricate USDT depegging pattern in August. USDT experienced a severe 98% depeg on August 7, when the stablecoin traded at a 2% discount. Low...
Behind the Stablecoin Decline: Key Moves Dictating Market Changes
The stablecoin ecosystem is undergoing dynamic change, according to new analysis by on-chain data firm Santiment. Stablecoins, cryptocurrencies designed to maintain a steady value, have faced declining activity and supply...
213 Million TrueUSD Stablecoins Minted At Unknown Wallets
In a sudden turn of events earlier today, hundreds of millions of TrueUSD (TUSD) stablecoins were minted at multiple unknown wallets. On-chain data tracker Whale Alert reported on X (formerly...
PayPal’s Stablecoin Is Harshly Criticized by Top Democrats
PayPal’s new stablecoin received strong criticism from Maxine Waters, the top Democrat on the House Financial Services Committee. She stated that PayPal launched the stablecoin while there aren’t clear US...
PayPal’s New PYUSD Stablecoin Raises Centralization Concerns
PayPal’s recently unveiled PYUSD stablecoin has raised concerns regarding centralization from the crypto community. Several people have taken to X (formerly Twitter) to highlight controversial elements like PayPal’s ability to...
