Crypto Biz: Onchain lending ramps up, driven by institutional activity
[Oct 18, 2024 9:00 PM] Institutional demand is driving a significant increase in onchain loans across DeFi protocols.
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Stripe Doubles Down on Stablecoin Market, Reportedly in Advanced Talks to Acquire Bridge for $1 Billion
[Oct 18, 2024 4:30 PM] Payments giant Stripe is in advanced discussions to acquire the San Antonio-based stablecoin platform Bridge for $1 billion, according to reports by Bloomberg and Forbes. Founded by former Coinbase employees Zach Abrams and Sean Yu, Bridge…
Crypto Goes Mainstream: Blackrock Boosts North America’s $1.3T Inflows
[Oct 18, 2024 2:30 AM] Cryptocurrency is increasingly integrated into the mainstream as North America continues to lead the global crypto market, receiving $1.3 trillion in onchain value between July 2023 and June 2024, according to Chainalysis. Institutional giants like…
US lagging behind in global stablecoin adoption — Chainalysis
[Oct 17, 2024 7:00 AM] Growing demand for US dollar-backed stablecoins and regulatory uncertainty in the US are the key reasons for stablecoins thriving in other jurisdictions.
Hermetica Raises $1.7M in Seed Round to Fuel Stablecoin Expansion
[Oct 17, 2024 5:30 AM] Hermetica, the creator of USDH, a Bitcoin-backed, yield-bearing synthetic dollar, has secured $1.7 million in seed funding. The round, led by UTXO Management, will accelerate the development of USDH, a stablecoin that operates on Bitcoin’s…
Paxos Launches New Stablecoin Payments Platform With Stripe as First Customer
[Oct 16, 2024 7:05 PM] Paxos, a regulated tokenization infrastructure platform, has unveiled its new stablecoin payments platform, with Stripe as its inaugural customer. This innovative solution powers Stripe’s Pay with Crypto product, enabling merchants to seamlessly…
How a Crypto 'REIT' Misled Investors With Family Deals and 'Unjustified' Real-Estate Markups
[Oct 16, 2024 10:00 AM] The 2023 crash of Tangible's USDR stablecoin is infamous in crypto circles. But a CoinDesk investigation reveals there's another story to be told.
Why the $172B Stablecoin Market Could Send Crypto Prices Higher
[Oct 15, 2024 6:11 PM] The stablecoin market isn’t unlike Berkshire Hathaway’s enormous cash stash – it’s sitting there ready to be deployed, according to CoinMarketCap’s Alice Liu.
Paxos debuts new stablecoin payment platform with Stripe
[Oct 15, 2024 1:05 PM] Paxos’ goal is to support assets and chains based on customers’ interests and its own end-user preferences, the company said.
Ripple announces exchange partners for RLUSD stablecoin
[Oct 15, 2024 12:28 PM] More regulatory-compliant stablecoins like RLUSD could benefit mainstream crypto adoption worldwide.
Ripple Names Exchange Partners for Stablecoin RLUSD, Awaits NYDFS Approval
[Oct 15, 2024 12:00 PM] Ripple's upcoming stablecoin will leverage its established position for payments and be a key bridge for real-world asset tokenization, Ripple Labs President Monica Long told CoinDesk in an interview.
AED Stablecoin Gets Green Light From UAE Central Bank
[Oct 15, 2024 9:30 AM] AED Stablecoin LLC has received approval from the Central Bank of the United Arab Emirates (UAE) to launch its stablecoin, AE Coin. This makes AED Stablecoin the first entity in the UAE to issue stablecoins, aligning with the government’s…
Tether mulls lending to commodity traders: Report
[Oct 14, 2024 5:57 PM] The USDt issuer needs ways to deploy billions of dollars in profits, and commodity traders could benefit from expanded credit.
Stablecoin Liquidity Surges, JPMorgan Predicts Q4 Gains, and More — Week in Review
Latam Insights: Venezuela Reaches Crypto Milestone, Consortium Announces Real Stablecoin
[Oct 12, 2024 9:32 PM] Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news from the past week. In this issue, Chainalysis states Venezuela was the country where cryptocurrency markets grew most last year, Brazilian…
Circle Brings USDC to Sui: What This Means for Bridged Tokens
[Oct 11, 2024 6:30 PM] Circle has introduced native USDC on the Sui blockchain, giving developers and users direct access to USDC without relying on bridges. This launch supports Circle’s multi-chain approach, utilizing Sui’s features for fast, secure, and scalable…
Stripe’s new stablecoin option gains traction in 70 countries on day 1
[Oct 11, 2024 8:42 AM] Stripe introduces USDC payments, marking a significant moment for crypto adoption as stablecoin transactions see global demand.
Deribit Launches US Yield Coin (USYC) as New Yield-Bearing Cross-Margin Collateral Option
[Oct 10, 2024 10:20 PM] Deribit has announced the launch of the US Yield Coin (USYC) from Hashnote as a new yield-bearing cross-margin collateral option. USYC, an ERC-20 token backed by reverse repurchase agreements on U.S. Government Securities, provides traders with a…
Argentina overtakes Brazil in crypto inflows — Chainalysis
[Oct 10, 2024 9:16 AM] Argentina’s stablecoin market is one of the largest in the world in terms of share of stablecoin transactions, beating the global average by 17%.
Brazilian Crypto Giants Team up to Launch Real-Pegged Stablecoin
[Oct 9, 2024 5:30 AM] Bitso, Mercado Bitcoin, and Foxbit have joined forces to issue brl1, a stablecoin pegged to the value of the Brazilian real. The stablecoin will be issued on Ethereum and Polygon, with Cainvest providing liquidity for the BTC and ETH pairs listed…
Cryptoquant: Stablecoin Liquidity Surges to Record Highs as Ripple Introduces RLUSD
[Oct 8, 2024 5:44 PM] Stablecoin liquidity reached unprecedented levels in September 2024, boosting overall cryptocurrency market activity. Meanwhile, Ripple made a notable entrance into the stablecoin space with its newly launched RLUSD, expanding its influence in the…
Paypal Completes First Corporate Transaction Using PYUSD Stablecoin
[Oct 6, 2024 1:30 AM] Paypal has made a significant step in corporate payments by completing its first transaction using its stablecoin Paypal USD (PYUSD). This milestone highlights the role digital currencies can play in streamlining cross-border transactions, with…
Sky Reports Over 1 Billion USDS Minted Since August Rebrand
[Oct 5, 2024 6:50 PM] It’s been approximately 38 days since Makerdao, the decentralized finance (defi) project, rebranded as Sky and launched both the USDS stablecoin and the SKY token. During this time, more than a billion USDS coins have been minted, and 530 million…
BBVA to Launch Visa-Backed Euro-Pegged Stablecoin Next Year
[Oct 4, 2024 10:30 PM] BBVA, one of Spain’s largest financial institutions, has announced plans to launch its stablecoin product by 2025. The organization is currently in the sandbox stages and will be developed in partnership with credit giant Visa as part of one…
Crypto Biz: Axelar’s new interoperability stack goes live
[Oct 4, 2024 9:00 PM] With dozens of layer-1 blockchains on the market, communication between networks has become a significant pain point for the broader adoption of Web3-based applications.
Tether is ‘best friend’ of US, says CEO Paolo Ardoino
[Oct 4, 2024 2:44 PM] While focusing on developing countries, Tether is doing its best to maintain a good relationship with the United States, Paolo Ardoino told Cointelegraph.
PayPal, Ernst & Young settle first corporate payment via PYUSD stablecoin
[Oct 3, 2024 7:49 PM] PayPal deepens its push into PYUSD for business transactions, making its first payment using the stablecoin.
Circle to Expand USDC Stablecoin to Australia and APAC Region Through Strategic Partnership
[Oct 2, 2024 9:30 AM] Mark Carnegie’s MHC Digital Group is partnering with Circle Internet Financial to expand the distribution of the stablecoin USD Coin (USDC) to institutional investors in Australia and the broader Asia-Pacific (APAC) region. This strategic…
MHC Digital, Circle collaborate to expand USDC access in APAC region
[Oct 1, 2024 5:56 PM] Australian pension funds can expect a pitch soon for saving money on fees with a stablecoin.
Circle Signals Plans to Bring USDC to Australia With Venture Capitalist Mark Carnegie
[Oct 1, 2024 8:48 AM] Stablecoin giant Circle has signalled its plans to bring its digital currency, USDC, into Australia and beyond with the unveiling of a partnership with venture capitalist Mark Carnegie's MHC Digital Group, the companies announced on Tuesday.