Stablecoin
Stablecoin Stability Tested: A History of De-Pegging Events
Stablecoins face challenges maintaining their $1 peg during periods of market volatility. USDT and USDC have shown resilience but can still experience brief de-pegging in…
Crypto Investors Flock to USDT as Market Uncertainty Grows
USDT holdings have risen sharply amid a sluggish crypto market. Since August, a massive surge in USDT holdings on exchanges have been witnessed. The accumulation/distribution…
OKX Transfers 6.275M USDT to FTX/Alameda: Creditor Repayments Begin?
PeckShield flagged a $6.27M USDT transfer from OKX to an FTX/Alameda wallet. FTX's $12.7B creditor settlement includes $8.7B restitution and $4B disgorgement. Repayment in cryptocurrency…
IDA Raises $6M to Launch Hong Kong Dollar-Backed Stablecoin
IDA raises $6 million in seed funding to develop its first fiat-referenced stablecoin, HKDA. Major players, including Hashed and CMCC Global’s Titan Fund, back the…
Kamino Finance Ups PYUSD Borrowing Limits
Kamino Finance raises PYUSD borrowing caps, expanding access and maintaining stable rates. Ethena Labs offers PYUSD borrowing at 2.07% APY, appealing to yield-focused investors. PYUSD…
Stablecoins Hit Record $177B Market Cap, Tether Leads Surge
The stablecoin market has recorded a new all-time high of $177 billion, surging past the previous high. The market has seen rapid growth in the…
DeFi Needs TradFi Integration to Thrive: M^0 Labs CEO
Luca Prosperi, the CEO of M^0 Labs, predicted that in 10 years, the stablecoin market will be worth $2 trillion. Prosperi added that DeFi needs…
PayPal & Anchorage Launch PYUSD Rewards for Institutions
PYUSD yield program offers secure, non-lending rewards for institutions via Anchorage custody. PYUSD supply grew 60%, now 6th largest USD stablecoin, expanding on Solana, Ethereum.…
Tether and FBI Team Up to Recover $5 Billion in Crypto
The DoJ commended Tether’s support in recovering funds linked to fraud. Scammers disguised as romance partners to steal from unsuspecting victims. Tether supported the FBI…
Russia To Support FEA, Launches Two Crypto Exchanges: Report
Russia launches two crypto exchanges in St. Petersburg and Moscow. The exchanges focus on supporting foreign economic activity (FEA). The country has taken the initiative…
