8 / 30 Relevant items tagged with #Stablecoin

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Stablecoins, Miners Outperform as $18B Gets Wiped Out From Crypto in June: JPMorgan

[Jul 8 7:43 AM] Spot bitcoin ETFs saw their second worst month since launching in the U.S., with an estimated $662 million of net outflows, the report said.

Opera Mini’s crypto wallet MiniPay now offers USDT and USDC

[Jul 4 12:14 AM] Since launching in September 2023, Opera Mini’s MiniPay app has amassed three million users.

Aave protocol’s GHO stablecoin now live on Arbitrum

[Jul 2 4:05 PM] The deployment of the GHO stablecoin on the Ethereum layer-2 network will leverage Chainlink's CCIP interoperability protocol.

Aave DAO Launches GHO Stablecoin on Arbitrum Network

[Jul 2 12:33 PM] Aave DAO has introduced its multi-collateralized stablecoin, GHO, on the Arbitrum network. This move marks the first step in the DAO’s phased strategy for cross-chain expansion. Aave DAO Begins Cross-Chain Expansion With GHO on Arbitrum…

Paxos gains approval for Singapore stablecoin launch with DBS partnership

[Jul 2 7:17 AM] Paxos will partner with Southeast Asia’s largest bank, DBS, for the stablecoin launch.

Circle becomes first licensed stablecoin issuer under MiCA

[Jul 1 10:52 AM] Circle’s USDC and EURC stablecoins become the first fully compliant digital fiat tokens under the Markets in Crypto-Assets rules.

Philippines adopts Tether’s USDT for social security payments

[Jul 1 4:34 AM] The Social Security System is a state-run social insurance program that serves employees in the official, informal and private sectors.

Curve Finance adopts crvUSD for fee distribution

[Jun 28 7:23 AM] Curve Finance shifts from 3crv to crvUSD for fee distribution, enhancing the stablecoin’s utility and ecosystem integration.

Solana’s Stablecoin Transfer Volume Drops Drastically Amid Scrutiny

[Jun 28 7:05 AM] According to stablecoin transfer volume metrics divided by blockchain, Solana’s daily transfer volume has decreased from a range of $75 billion to $100 billion daily to around $7 billion daily. Additionally, a crypto advocate expressed doubts about…

Tether’s slowdown in supply points to cooling crypto activity

[Jun 25 1:06 PM] As of June 24, Tether’s month-over-month supply has risen by less than 1.5%, down from over 5% in April and May.

Tether to Stop Minting Stablecoin USDT on Algorand and EOS

[Jun 24 8:20 AM] The circulating supply of the dollar-linked stablecoin on the two blockchains represents roughly 0.1% of the total USDT supply.

Tether halts USDT minting on Eos and Algorand

[Jun 24 6:55 AM] Tether discontinues support for the Eos Network and Algorand implementations of its flagship stablecoin USDT.

What is Tether’s gold-backed stablecoin, ‘Alloy’ (aUSD₮)?

[Jun 21 5:39 AM] Alloy by Tether introduces a new class of digital assets called tethered assets, designed to track the price of various assets using robust stabilization mechanisms.

Binance integrates USDT on TON, opens transactions

[Jun 21 2:38 AM] Users can now deposit and withdraw USDT on The Open Network via Binance, enhancing liquidity and reducing transaction fees.

Italian gov’t to ramp up surveillance of crypto market

[Jun 20 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 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 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 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 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 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 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 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 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 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 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 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 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

[Jun 12 3:10 AM] In a significant announcement at the XRP Ledger Community Summit (#XRPL Apex) held in Amsterdam from 11-13 June 2024, Brad Garlinghouse, the CEO of Ripple, unveiled the name of Ripple’s new stablecoin – $RLUSD. Garlinghouse expressed…

Ripple Labs closes Standard Custody acquisition deal

[Jun 11 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 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.