Digital assets, particularly stablecoins and blockchain projects, are reshaping the financial landscape. A report from the U.S. Department of Treasury shows that digital currencies are driving demand for U.S. Treasuries...
Bitcoin experienced significant volatility in the closing hours of Friday’s trading session, dropping nearly 5% in a few hours, after news broke about a U.S. government investigation into Tether, the...
Ripple has minted another 50,000 RLUSD tokens, increasing its stablecoin supply. The minting was confirmed on the Ethereum blockchain by a community-based tracker and recorded at block height 21041720. This...
Crypto firm Circle, the second-largest stablecoin issuer, is optimistic that the UK will introduce stablecoin regulations within “months, not years.” Dante Disparte, Circle’s global head of policy, shared this outlook...
Federal Reserve Governor and former FOMC member Christopher Waller compared decentralized finance (DeFi) with centralized finance (CeFi), asserting that the former cannot completely replace the latter. At the Vienna Macroeconomics...
Yellow Card, a leading stablecoin platform in Africa, has secured $33 million in Series C funding. The round, led by Blockchain Capital, brings the company’s total equity financing to $85...
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...
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...
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 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...
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)...
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...
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 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...
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 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 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...
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...
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,...
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...
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,...
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...