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China Greenlights Launch Of Its First Crypto Stablecoin—Report

[Aug 7 3:00 AM] As part of an initiative to internationalize the renminbi (Chinese Yuan) and enhance its competitiveness against the US dollar, China is poised to launch its first stablecoin. Meanwhile, the US is making significant progress toward its mission of…

BlackRock Analysts Predict Major Bitcoin Surge As US Legislation Strengthens Stablecoins

[Jul 30 6:00 AM] In a recent expert commentary, executives from BlackRock, the world’s largest asset manager and a leading issuer of cryptocurrency exchange-traded funds (ETFs), identified a significant trend in the cryptocurrency market, particularly for Bitcoin…

Citigroup CEO Confirms Interest In Issuing A Proprietary Stablecoin—Reuters

[Jul 16 9:00 AM] American multinational investment bank Citigroup announced plans to potentially issue its stablecoin, as CEO Jane Fraser revealed during a post-earnings conference call.  As first reported by Reuters, Fraser emphasized the bank’s focus on…

Ethereum layer 2s hold $13.5B stablecoin supply

[Dec 20, 2024 9:43 AM] Ethereum layer-2 networks now lock over $13.5 billion in stablecoins, driving total market capitalization to $205 billion.

Fiat-Pegged Crypto Market Expands by $1.39B in Past Week, Led by USDT and USDC

[Sep 15, 2024 5:25 PM] Over the past week, the stablecoin market has expanded by $1.39 billion. Once again, tether (USDT) took the lead, with its supply increasing by 610 million USDT during the last seven days. Stablecoin Market Continues to Climb Though the pace has…

BNB Chain to grow stablecoin ecosystem with new cross-chain bridge

[Aug 28, 2024 12:00 PM] BNB Chain will also create a liquidity pool to allow transfers from other chains as part of its efforts to grow its stablecoin ecosystem. 

Stablecoin Market Grows by $1.3B in 5 Days as Tether Leads the Charge

[Aug 23, 2024 2:30 PM] Over the past five days, the stablecoin market has continued its upward trend, increasing by $1.3 billion in value. The largest stablecoin network by market capitalization, tether (USDT), experienced an expansion of 820 million in supply during…

Stablecoin Market Expands: $2.21B Uptick in 8 Days Fueled by Tether’s Growth Spurt

[Aug 18, 2024 1:30 PM] The stablecoin market has been picking up speed lately, and between Aug. 9 and Aug. 18, 2024, it expanded by $2.21 billion. During this period, Tether’s supply ballooned by an additional 1.26 billion USDT. Stablecoin Boom: $2.21B Growth…

Stablecoin Market Sees PYUSD Supply Swell While USDE Shrinks With Redemptions

[Aug 6, 2024 8:10 PM] Over the past 12 days, the stablecoin economy has maintained a similar value, yet the supply of dollar-pegged crypto assets PYUSD and USDE has experienced notable shifts. Over the last 22 days, Paypal’s PYUSD supply increased by more than…

Stablecoin Market Expands by $1.52 Billion in 7 Days, Driven by USDT and USDC Growth

[Jul 25, 2024 6:20 AM] The stablecoin economy is experiencing renewed growth. Over the past week, the market capitalization of all stablecoins increased by $1.52 billion. The growth over the past seven days was primarily driven by tether (USDT), the largest stablecoin by…

Stablecoins to make up 10% of money in the next decade or so: Circle CEO

[Jun 19, 2024 6:53 PM] Circle CEO Jeremy Allaire revealed four of the biggest reasons he’s “more optimistic” about crypto and stablecoins than ever before.

FDUSD Supply Shrinks by 29% Amid Stablecoin Supply Shifts

[May 26, 2024 10:30 AM] The stablecoin market has experienced modest growth over the past two weeks, with valuations increasing by approximately $590 million. Among the top five U.S. dollar stablecoins, Ethena’s USDE saw the largest supply growth, rising 17.5%. In…

Bitcoin to surge to $80K as stablecoins overtake Visa in 2024: Bitwise

[Dec 13, 2023 7:54 PM] Bitwise isn’t alone in its bullishness on stablecoins with Circle CEO Jeremy Allaire predicting the explosive growth of the sector due to a “huge appetite” for digital dollars.

Binance Introduces FDUSD Listing Amid Stablecoin Market Decline, Faces Initial ‘Technical’ Setback

[Jul 26, 2023 12:00 PM] As the stablecoin market economy witnessed a loss exceeding $3 billion within a 40-day span, several fresh stablecoin endeavors are emerging. Binance, the globe’s leading exchange by trade volume, unveiled three new trading pairs attached to…

DAI Emerges as Third-Largest Stablecoin, Overtaking BUSD in Market Capitalization

[Jun 16, 2023 4:30 PM] Makerdao’s DAI stablecoin is now the third-largest stablecoin by market capitalization, surpassing Binance USD (BUSD), which has officially declined to $4.304 billion. DAI’s market valuation on Friday, June 16, 2023, is approximately…

Tether Expands: Stablecoin Issuer Announces Sustainable Bitcoin Mining Project in Uruguay

[May 30, 2023 1:30 PM] After announcing its plan to invest 15% of profits into bitcoin, the company Tether Limited has taken another step toward its crypto goals. Tether, the stablecoin issuer, has revealed its latest venture: “sustainable bitcoin mining…

Stablecoin Market Sees Fluctuations With Some Coins Gaining and Others Reducing Supply

[Mar 26, 2023 8:30 AM] According to statistics, on March 26, the stablecoin economy was valued at $135 billion, with the top stablecoins representing $31.8 billion or 75% of the $42.17 billion in 24-hour global trade volume across the entire crypto market. In the last…