Stablecoin Issuers Want to Give Something Back in Multi-Trillion-Dollar Market Race
[Jun 10 9:18 AM] Amid a new generation of yield-bearing stablecoins, PayPal is confident in its purely payments-focused PYUSD.
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$16B Injected Into Stablecoin Economy in 90 Days; Tether Claims 69% of Total
[Jun 9 9:20 AM] Over the last 90 days, the stablecoin economy expanded by over 11%, with $16.23 billion infused into the market of fiat-pegged crypto tokens. In the past 30 days, USDE, the fourth largest U.S. dollar-pegged coin, experienced a 46.1% increase in its…
Tether, Nodo Partner to Drive Stablecoin and Bitcoin Education in Africa
[Jun 6 11:36 PM] Stablecoin issuer Tether has partnered with Nodo to educate prospective African users about the use cases of stablecoins and facilitate transactions with the former’s digital asset. The six-month campaign will include Ask Me Anything (AMA)…
Paxos International Debuts ‘Lift Dollar’ Stablecoin With Daily Yields
[Jun 6 6:20 AM] The blockchain and tokenization infrastructure platform Paxos has announced Paxos International has launched a new yield-bearing stablecoin called lift dollar (USDL). The stablecoin’s holders will earn overnight yield from short-term U.S…
Paxos Unveils Yield-Generating Stablecoin Lift Dollar
[Jun 5 10:30 AM] USDL is issued in the UAE and regulated by the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM).
Multicoin, Coinbase Ventures Invest in Latin American Stablecoin-Powered SuperApp El Dorado
[Jun 4 8:47 AM] Stablecoin adoption is soaring in the region as many people turn to the crypto tokens as a shield against currency devaluation and cheap remittances.
Ethena’s USDE Stablecoin Surpasses $3 Billion, Flipping First Digital’s FDUSD
[Jun 2 8:10 AM] This weekend, Ethena’s synthetic U.S. dollar stablecoin USDE reached the $3 billion range. As of June 2, 2024, USDE has surpassed First Digital’s FDUSD stablecoin. Ethena’s Synthetic Stablecoin USDE Exceeds $3 Billion Launched in February, the…
What is PayPal USD and how to buy PYUSD in the US?
[May 31 8:50 AM] Learn how PYUSD works, its benefits and how to buy, use and store this dollar-backed digital currency.
Analyzing Tether’s 111 Billion Supply: Top USDT Wallets on Tron and Ethereum
[May 31 8:30 AM] This year, the supply of the stablecoin tether has surpassed the $100 billion mark, and today, the leading dollar-pegged token boasts a market valuation of $111.9 billion. The majority of this supply resides on Tron, with the network hosting $58…
Tether invests $150M in Jihan Wu’s crypto mining firm Bitdeer
[May 31 6:59 AM] Following the investment, Tether expects close collaboration with Bitdeer across several key infrastructure areas, CEO Paolo Ardoino said.
PayPal’s new stablecoin on Solana will offer ‘confidential transfers’
[May 29 10:50 PM] Confidential transfers allow merchants to provide confidentiality for transaction amounts to their consumers while maintaining visibility for regulatory purposes.
Paypal Expands PYUSD to Solana Blockchain for Better Payment Solutions
[May 29 1:36 PM] Payments giant Paypal has made Paypal USD (PYUSD) available on the Solana blockchain, making the stablecoin “faster and cheaper to use.” Platforms like Crypto.com, Phantom, and Paxos are among the first to offer PYUSD on Solana, alongside Paypal…
PayPal Makes Retail Stablecoin Play with PYUSD on Solana
[May 29 7:00 AM] PYUSD has around 8,600 holders on the Ethereum blockchain and a market cap of a tick under $400,000
PayPal expands PYUSD to Solana, targets payment use cases
[May 29 7:00 AM] PayPal’s PYUSD stablecoin is now available on Solana and Ethereum, offering a chain-agnostic experience for its users.
Blockchain dev Sphere introduces bank-to-wallet Telegram extension
[May 27 3:10 PM] Sphere Labs, a blockchain developer focused on bringing stablecoins as a service to businesses, has announced a new bank-to-wallet Telegram extension.
Bitcoin Breaks $70K Barrier, Leading to $27.75M in Liquidations
[May 27 12:25 PM] The price of bitcoin has exceeded $70,000, increasing by 2.1% during today’s trading sessions. This latest rise led to the liquidation of $27.75 million in bitcoin short positions. Bitcoin Trades Above $70K, Leading to Multi-Million Dollar…
Nomura Holdings, GMO Group form stablecoin research partnership in Japan
[May 27 10:04 AM] Nomura Holdings and the GMO Internet Group are exploring ways to bring new stablecoin offerings to the Japanese market.
Nomura and GMO Collaborate on Japanese Stablecoin Issuance
[May 27 6:35 AM] Nomura Holdings, a leading global financial services group, has partnered with Laser Digital, its subsidiary focused on digital asset solutions, and GMO Internet Group, a prominent Japanese technology company renowned for its internet…
Ripple taking ‘cheap shots’ at Tether, says Samson Mow
[May 24 8:11 AM] Ripple CEO Brad Garlinghouse stands accused of spreading fear, uncertainty and doubt about Tether.
Proof-of-restaking and extended consensus — Interview with Units Network
[May 23 11:00 AM] Emerging from past challenges, this initiative emphasizes decentralized governance and advanced consensus mechanisms to foster innovation.
Non-Empty USDC And USDT Wallets See 13.9% And 15.7% Spike, Why This Is Good For Crypto
[May 23 6:00 AM] Non-empty wallets for stablecoins such as Circle’s USDC and Tether’s USDT have been on the rise for a while now as crypto prices have recovered since the start of the year. This has come to a head as the non-empty wallets have grown double-digits…
Hex Trust to Launch USDX Stablecoin on Flare, Offering Real-World Yield
[May 21 10:50 AM] On May 21, 2024, Hex Trust Group announced the introduction of a native stablecoin, USDX, for the Flare network. Hex Trust also revealed that a Clearpool vault, enabling holders to earn a real-world yield, will debut alongside USDX. Hex…
Real-word asset tokens can stabilize DeFi — Market observers
[May 20 7:09 AM] RWA tokenization has become the latest trend in crypto, and early use cases indicate that DeFi protocols are using it for stable collaterals, yield products and more.
Tether mints another $1B mint — Last time it helped Bitcoin climb to $73K
[May 17 11:21 AM] Bitcoin flipped its old resistance into support as Tether’s market cap continues to grow rapidly in 2024.
USDC Stablecoin Issuer Considers Moving Legal Home From Ireland to US
[May 16 6:22 AM] Circle, a stablecoin issuer based in the Republic of Ireland, has reportedly announced plans to relocate its legal domicile to the United States. The decision is believed to be a response to the Organization for Economic Cooperation and…
Chinese police bust $1.9B USDT underground banking racket
[May 16 2:00 AM] The authorities destroyed two underground operations in Fujian and Hunan, and the police also froze 149 million yuan worth $20 million linked to the USDT banking operations.
Tether freezes $5.2M in USDT linked to phishing scams
[May 14 2:48 AM] Since it launched, Tether has frozen over $1 billion worth of assets linked to illicit activities after requests from law enforcement agencies.
Philippines' Central Bank Gives Approval to Coins.ph to Pilot Stablecoin in Key Remittance Market
[May 14 12:29 AM] Philippines' central bank has given its approval to digital currency exchange Coins.ph to pilot a Philippine Peso backed stablecoin called PHPC, the company said last week.
Tether CEO and Ripple CEO Clash Over USDT — Brad Garlinghouse Says ‘I Wasn’t Attacking Tether’
Philippines begins Peso-backed stablecoin sandbox testing
[May 13 2:36 AM] The test aims to evaluate the PHPC stablecoin’s real-world performance, its impact on the local fiat ecosystem, and its potential uses, including payments, trading and DeFi applications.