Stablecoin
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...
Crypto Experts Raise Flags: Is PayPal’s PYUSD Stablecoin Truly Trustworthy?
In a recent statement, prominent crypto influencer CryptoWendy has drawn attention to the potential risks associated with PayPal’s newly launched stablecoin, Paypal USD (PYUSD). Drawing attention to a video she...
Crypto Expert Addresses Concerns Over PayPal’s Centralized Stablecoin
The crypto community on Twitter has taken issue with the centralized elements of PayPal’s PYUSD stablecoin. Users took a deep dive into the recently unveiled stablecoin’s smart contract and highlighted...
PayPal Launches PayPalUSD Stablecoin, Announces Giveaway
PayPal has become the first major fintech to introduce a stablecoin with the launch of its PayPalUSD (PYUSD). Following the launch, the fintech giant announced a PayPal Pays Back Giveaway...
Adam Cochran Reflects on Binance CEO’s Plan to Launch Algo Stable
Adam Cochran, a renowned business analyst, and fintech executive, recently shared a Twitter thread, presenting an extensive sketch on how to launch an algorithmic stablecoin. Cochran’s guidelines came reflecting on...
Crypto Whales’ Stablecoin Movements Raise Traders’ Curiosity
Significant whale transactions involving stablecoin transfers were observed in the early hours of today, Wednesday, August 3, 2023. In multiple posts, Whale Alert, the blockchain tracker and analytics system, reported...
Stablecoin Accumulation Surges as BTC Lingers Below $30K
Santiment revealed that whale and shark stablecoin wallets are loading up as BTC remains below $30K
Shinhan Bank Explores Stablecoin Payments on Hedera Network
Shinhan Bank, SCB TechX (Siam Commercial Bank’s technology innovation business unit), and a prominent financial institution in Taiwan have jointly announced the successful completion of a proof-of-concept (PoC) pilot for...
USDT Boasts a Market Cap Twice the Size of Rivals Put-Together: CTO
USDT boasts a market cap three times higher than its closest competitor. Paolo Ardoino, CTO of Tether, emphasizes USDT’s dominance in the market. USDT’s daily trading volume is $29.4 billion,...
Circle Considers Launching its Stablecoin in Japan
Circle, a stablecoin issuer, is considering issuing a stablecoin in Japan. The Japanese government recently passed legislation that regulates stablecoins, and this new law has caught the attention of Circle’s...
Expert: Market Makers Behind Bitcoin Trading Volume Stability
Ki Young Ju says that crypto whales scooped up Bitcoin in the $16,000 to $24,000 range. Ju notes that market makers influenced the stability in the trading volume ratio in...
