Binance integrates USDT on TON, opens transactions
[Jun 21, 2024 2:38 AM] Users can now deposit and withdraw USDT on The Open Network via Binance, enhancing liquidity and reducing transaction fees.
12 / 34 Relevant items tagged with #StableCoin
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Italian gov’t to ramp up surveillance of crypto market
[Jun 20, 2024 12:00 PM] The latest draft policy stipulated fines between 5,000 and 5 million euros ($5,400–$5.4 million) for market manipulation and other financial crimes.
Australian Bank Halts Development of ETH-Based Stablecoin
[Jun 19, 2024 8:43 PM] The National Australia Bank recently abandoned its stablecoin initiative, and the development team behind the project is now involved with the Ubiquity stablecoin. The Australian bank’s decision to shelve the stablecoin project shows that startups…
Stablecoin transfer volume increased 16x during past 4 years
[Jun 19, 2024 6:55 AM] Increased stablecoin usage could be a sign of growing crypto adoption for a maturing industry.
Uphold to delist USDT and 5 stablecoins by July 1, citing MiCA
[Jun 18, 2024 1:13 AM] Apart from Uphold, other major crypto exchanges, including Binance, Kraken and OKX, also tweaked their stablecoin listing policies to comply with MiCA regulations.
Tether Debuts New 'Synthetic' Dollar Backed by Tokenized Gold in Tokenization Push
[Jun 17, 2024 8:18 AM] Users can mint new tokens using the company's new Alloy platform, which will be part of Tether's upcoming tokenization venture, CEO Paolo Ardoino said.
Crypto Sector Secures $317M in Venture Capital Deals in Early June
[Jun 16, 2024 2:36 PM] With the first half of June concluded, there have been 37 venture capital deals and fundraising events in the crypto sector. Collectively, these investments totaled $317.87 million, with Avail, a modular blockchain project, leading the pack with…
Paxos Lays Off 65 Employees Following Yield-Bearing Stablecoin Launch
[Jun 16, 2024 10:39 AM] According to sources familiar with the matter, the stablecoin issuer Paxos is cutting 20% of its workforce. This development comes on the heels of Paxos International’s announcement of its yield-bearing stablecoin. Paxos Trims Workforce by…
Bitcoin is the only decentralized currency, Tether CEO says
[Jun 13, 2024 8:03 AM] The CEO of the company behind the world’s largest stablecoin, Tether (USDT), believes that Bitcoin is the only unstoppable cryptocurrency.
Terraform Labs ends operations, Terra community takes over
[Jun 13, 2024 7:25 AM] Terraform Labs ceases operations after a $4.47 billion settlement with the SEC, transferring control of the Terra blockchain to the community.
MoonPay announces PayPal fiat on-ramp for UK and EU
[Jun 12, 2024 11:00 AM] MoonPay noted that PayPal is the third-most commonly used payment option in the United States, behind Apple Pay and traditional bank cards.
Stablecoin act gives Congress alternative to overriding Biden’s SAB 121 veto
[Jun 12, 2024 7:30 AM] President Joe Biden’s veto of the SAB 121 repeal was a blow for the crypto community. Can the U.S. Congress override the veto with broad bipartisan support?
Blast’s Rebasing Stablecoin USDB Now Ranks 9th Among Dollar-Pegged Crypto Tokens
[Jun 12, 2024 7:06 AM] A new stablecoin has emerged among the top ten U.S. dollar-pegged tokens. Known as USDB, this auto-rebasing stablecoin was developed by the Blast team. Despite the stablecoin economy being underwhelming over the past 30 days, USDB has quietly…
Asymmetry, Ampleforth launch afUSD to rival Ethena’s synthetic dollar
[Jun 12, 2024 4:00 AM] Asymmetry Finance’s afUSD synthetic dollar is based on Ampleforth’s supply adjustment mechanism, which stabilizes prices through elastic supply.
Ripple CEO Unveils New Stablecoin Name at XRP Ledger Community Summit
Ripple Labs closes Standard Custody acquisition deal
[Jun 11, 2024 11:26 AM] Jack McDonald will remain CEO of Standard Custody while also serving in his new role as senior vice president of stablecoins at Ripple.
‘Not a classic VC’: Tether plans to invest up to $1B in one year
[Jun 11, 2024 8:01 AM] Tether’s VC arm has already spent about $2 billion on tech like AI and alternative financial infrastructure over the past two years.
Stablecoin Issuers Want to Give Something Back in Multi-Trillion-Dollar Market Race
[Jun 10, 2024 9:18 AM] Amid a new generation of yield-bearing stablecoins, PayPal is confident in its purely payments-focused PYUSD.
$16B Injected Into Stablecoin Economy in 90 Days; Tether Claims 69% of Total
[Jun 9, 2024 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, 2024 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, 2024 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, 2024 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, 2024 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, 2024 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, 2024 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, 2024 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, 2024 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, 2024 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, 2024 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, 2024 7:00 AM] PYUSD has around 8,600 holders on the Ethereum blockchain and a market cap of a tick under $400,000