Tether Reorganizes Into 4 Divisions as It Expands Beyond Stablecoins
[Apr 18, 2024 5:15 AM] The company has formed four divisions to reflect its broadening focus: Data, Finance, Power and Edu(cation).
11 / 24 Relevant items tagged with #Stablecoins
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U.S. Senators Lummis, Gillibrand Take on Stablecoin Legislation With New Bill
[Apr 17, 2024 3:00 AM] U.S. Senators Cynthia Lummis (R-Wyo.) and Kirsten Gillibrand (D-N.Y.) are taking another swing at crypto-specific legislation, with a narrowly tailored bill seeking to define how stablecoins – cryptocurrencies that maintain a value with some other…
The Solution for Stablecoin Regulation
[Apr 17, 2024 3:00 AM]
Crypto-Skeptic Sen. Sherrod Brown Is Open to Advancing Stablecoin Legislation, Bloomberg Reports
[Apr 16, 2024 2:32 PM]
Umoja Partners With Merlin Chain to Launch Bitcoin’s First High-Yield Synthetic Dollar
[Apr 16, 2024 6:21 AM] The smart money protocol Umoja has joined forces with the Bitcoin layer two (L2) initiative, Merlin Chain, to roll out a Bitcoin-based high-yield synthetic dollar. The newly introduced stablecoin is engineered to uphold a self-sustaining peg via…
USDE and FDUSD Experience Brief Depegs Amid Saturday’s Crypto Market Shake-Up
Arthur Hayes Introduces New ‘Risk Radar’ for Ethena’s USDE Stablecoin
Stablecoin Market Expands by $4.46 Billion in 12 Days
[Apr 12, 2024 1:37 PM] In the last 12 days of April, the stablecoin sector expanded by $4.46 billion, reaching a current valuation of $155.86 billion. Additionally, the top five dollar-pegged cryptocurrencies experienced an increase in their supplies over the last 30…
Stablecoins Are Beneficial to U.S. Economy, Tether's Custodian Says
[Apr 11, 2024 3:58 AM] Stablecoins boost demand for U.S. Treasury notes, Howard Lutnick, the CEO of Tether custodian Cantor Fitzgerald, said.
Celo Adds Tether’s USDT as Gas Currency
[Apr 9, 2024 8:28 PM] Celo, a low-fee, usability-focused blockchain, has approved using Tether’s USDT, a dollar-pegged stablecoin, to pay transaction fees. The passed governance proposal stated this functionality would simplify the transaction experience for…
Financial Stability Study Calls for Consistent Regulatory Response to Stablecoins
[Apr 9, 2024 6:00 AM] Countries have varying definitions and categorizations for stablecoins that may pose a risk to financial stability, the report by the Financial Stability Institute said.
Stablecoins Are Seeing Adoption as a Cross-Border Settlement Mechanism: Bernstein
[Apr 9, 2024 5:19 AM] Solana is leading the field in blockchain payments, but the network has scalability issues, the report said.
Hong Kong’s ZA Bank to Offer Custody Accounts for Stablecoin Issuers
[Apr 8, 2024 11:25 PM] ZA Bank, a virtual bank in Hong Kong, will offer cash custody accounts for institutions that want to issue stablecoins. The organization is in talks with several parties seeking to issue their stablecoins, and this service would be available for…
Stablecoin Growth Is More Important Cue for Crypto Bull Market Than Bitcoin ETF Inflows: Analyst
[Apr 8, 2024 12:53 PM] Rapidly expanding stablecoin supply shows that "fiat money is being moved into crypto at an accelerated pace," 10x Research's Markus Thielen said.
What Does Ripple’s Stablecoin Mean for XRP?
[Apr 4, 2024 12:37 PM] XRP has plenty of internet fans but Ripple has struggled to win real enterprise customers. Will its new stablecoin fill the gap and overshadow its existing token?
Paypal Integrates PYUSD for International Transfers on Xoom
[Apr 4, 2024 10:38 AM] On Thursday, Paypal disclosed that users of Xoom now have the capability to utilize the company’s stablecoin PYUSD for conducting international cross-border transactions. Beginning on April 4, this feature was made accessible to users in the…
Ripple Plans to Launch USD-Pegged Stablecoin, Expanding Token to XRP and Ethereum Ecosystems
[Apr 4, 2024 8:33 AM] Blockchain solutions company Ripple has unveiled its strategy to launch a stablecoin pegged to the U.S. dollar, aiming to boost liquidity on the XRP Ledger. Ripple Set to Introduce U.S. Dollar-Linked Stablecoin, Aiming for Wider Crypto Adoption In…
Debt From Above: The Carbon Credit Coup
[Apr 4, 2024 6:35 AM] Sweeping across the shores of Latin America comes a scheme from some of the most predatory figures in the venture capital ecosystem of the United States. It is a brazen attempt to assert foreign influence across Latin America and threatens to…
Stablecoin Expansion Continues as Bitcoin Rally Appears to Stall
[Apr 3, 2024 2:45 AM] The unabated expansion of stablecoin supply shows capital continues to flow into the crypto market, one observer noted.
Tether Added Nearly 8.9K Bitcoin to Holdings in First Quarter: On-Chain Data
[Apr 1, 2024 9:22 AM] The stablecoin issuer's BTC holdings now top 75,000 tokens worth about $5 billion.
Stablecoin Market Swells With Growth in March, Led by Ethena’s USDE
[Mar 31, 2024 8:09 AM] This month we have witnessed a continuous expansion in the stablecoin domain, eclipsing the $150 billion mark on March 20, 2024, with an infusion of an additional $1.4 billion into the arena since then. Leading the pack in supply growth for March…
Tether Formally Announces a Shift Towards Open-Source AI
[Mar 28, 2024 11:45 PM] Tether, one of the largest cryptocurrency-based companies, has announced a formal expansion into AI, looking to develop open-source models and setting standards in this new industry. For this task, Tether is opening a global recruitment for…
Celo Cements Its Stablecoin Allegiance: Transaction Fees Now Can Be Paid With Stablecoins
[Mar 28, 2024 7:34 PM] Celo, a low-fee, usability-focused blockchain network, has approved a proposal to allow transaction fees to be paid with stablecoins. Network users can now transact only by holding USDC in their wallets, abstracting the complexity of holding other…
The Benefits of Assets Tokenization
[Mar 27, 2024 10:05 AM] We need to start thinking of blockchains as infrastructure for financial innovation rather than concentrating on the prices of a few digital assets, like bitcoin and ether, says WisdomTree’s digital of digital assets, Benjamin Dean.
Latam Insights: Chile to Keep Advancing CBDC Tests, Argentina Debuts VASP Registry
Turkish Citizens Seek Refuge in Gold and Stablecoins Amid Surging 67% Inflation Rate
[Mar 24, 2024 2:00 PM] According to February 2024’s latest inflation data, Turkey faces an inflation rate exceeding 67%, amid ongoing currency devaluation and a declining lira against the U.S. dollar. Recent findings suggest that in an effort to safeguard their…
TUSD’s Supply Halves as It Drops to 8th Rank Among Stablecoins
[Mar 24, 2024 7:05 AM] Over the past week, the stablecoin trueusd (TUSD) experienced a notable decrease in its supply. As of March 19, 2024, the circulation was approximately 1.1 billion TUSD, which then plummeted to just 612 million. Supply Slash Sees TUSD Fall From Top…
Argentina’s Greenback Love Is Being Substituted by a Bitcoin Rush
[Mar 22, 2024 5:30 AM] The popular savings strategy of exchanging pesos for U.S. dollars in Argentina is being substituted by bitcoin investments, which have had better performance lately. Numbers from Lemon, a local cryptocurrency exchange, indicate bitcoin purchases…
Stablecoins Steal The Spotlight: $150 Billion Market Cap, $122 Billion Daily Trades
[Mar 22, 2024 3:20 AM] Stablecoins have recently achieved a significant milestone, surpassing $150 billion in market capitalization, with daily trading volume reaching $122 billion. This achievement marks a notable resurgence and growth in the stablecoin sector, with…
Stablecoin Market Surpasses $150B, a First in 18 Months, After $980M Growth in 5 Days
[Mar 20, 2024 9:00 AM] The stablecoin sector achieved a significant milestone on March 20, 2024, hitting the $150 billion mark as the dollar-anchored market continues its expansion. In the last five days, the stablecoin sphere expanded by $980 million, breaking past the…