[Nov 16, 2024 10:36 PM] Over the past 14 days since Nov. 2, an eye-popping $9.736 billion has flowed into the stablecoin economy, adding to the $555 million boost recorded in October. Near Record Highs: Stablecoin Economy Grows Stablecoins have cemented their role as a…
[Nov 14, 2024 7:15 PM] The Tether-US dollar stablecoin's market capitalization has topped $126 billion, as approximately $7 billion in new USDt was minted.
[Nov 13, 2024 6:00 PM] Ensuring that decentralized finance platforms and networks do not remain siloed is a key hurdle for DeFi applications to overcome.
[Nov 13, 2024 7:30 AM] A 23-year-old Ukrainian tourist in Phuket, Thailand, was kidnapped and forced to transfer $250,000 in USDT stablecoins (about 8.56 million baht) to two armed robbers. Viacheslav Leibov was threatened with violence until he complied with the…
[Nov 8, 2024 9:45 PM] The stablecoin firm previously came under fire from Wyoming Senator Cynthia Lummis for allegedly facilitating illicit finance activities.
[Nov 6, 2024 9:48 PM] The vast majority of Tether's USDT volume exists on the Tron network due to comparatively lower fees and faster transaction finality.
[Nov 6, 2024 2:30 AM] A consortium of crypto and fintech giants is launching the Global Dollar Network for seamless cross-border payments. A New Frontier: Crypto Leaders Launch Global Dollar Network for Payments Leaders in fintech and digital assets announced Monday the…
[Nov 2, 2024 10:04 PM] Stablecoins are now primarily used to store value in countries with rapidly depreciating fiat currencies or prohibitive capital controls.
[Nov 2, 2024 8:11 PM] According to the latest data, the stablecoin economy now holds a value of $172.892 billion, with October adding $555 million to the fiat-pegged token market. Stablecoin Market Continues to Climb Last month saw stablecoins grow modestly, with the…
[Oct 31, 2024 10:30 AM] The stablecoin boom in Brazil has caught the attention of the central bank, which is currently exploring several ways to tax stablecoin remittances, including issuing a special license for crypto exchanges that provide these services. Central Bank…
[Oct 29, 2024 1:01 PM] In an open letter to Donald Trump and Kamala Harris, Charles Cascarilla highlighted the role of stablecoins in maintaining the US dollar’s global dominance and improving banking efficiency.
[Oct 28, 2024 2:55 PM] Jeremy Allaire, CEO of Circle, has predicted that stablecoins will grow to capture up to 10% of the money supply in the next 10 years. Allaire highlighted that even with the recent expansion of stablecoins, it is still in the early stages of this…
[Oct 27, 2024 7:55 PM] The Wall Street Journal cited unnamed individuals as the source of the claims that the United States government is investigating Tether.
[Oct 25, 2024 4:00 AM] Tron is now in the top 10 blockchains by market cap, flipping Toncoin and Cardano. While there were initial doubts about the network dying a natural death due to the then “superior” competitor Ethereum in the first few years, the smart…
[Oct 24, 2024 10:00 AM] Guillermo Goncalvez, founder and CEO of El Dorado, a Latam-focused P2P exchange, has reflected on the rise of stablecoins from a niche product to a widely used tool in Venezuela. Goncalvez states that, as Venezuelans shift to using the dollar due…
[Oct 23, 2024 3:48 PM] The U.S. central bank would be conflicted, because stablecoins compete with the Fed's payments infrastructure and with potential CBDCs.
[Oct 23, 2024 1:49 PM] The business plan for WBTC is to increase the outstanding amount by five to 10 times what is now, just under $10 billion – using a geographically diversified custodial setup that might be more appealing to buyers outside the U.S
[Oct 22, 2024 6:23 PM] Tether CEO Paolo Ardoino told a U.S. crowd on Tuesday that he's counting on sensible crypto regulations coming soon from the U.S. "There is no place like the U.S.," he said via video link at DC Fintech Week in Washington.
[Oct 21, 2024 1:45 PM] Bridge, which has raised $54 million in funding, previously said it aspired to become the blockchain version of Stripe, operating a global system in which other developers could integrate.
[Oct 20, 2024 9:38 PM] Payments company Stripe has acquired stablecoin platform Bridge in a $1.1 billion transaction, marking the largest acquisition in the crypto industry to date. Techcrunch founder Michael Arrington confirmed the news through a post on X, emphasizing…
[Oct 20, 2024 4:30 AM] Since October kicked off, the stablecoin market has experienced a modest boost, though overall growth has remained quite slow. Currently, the sector is valued at $172.7 billion, with 48.9% of stablecoins residing on Ethereum and 34.92% circulating…
[Oct 18, 2024 11:30 PM] A Federal Reserve governor questioned whether decentralized finance (defi) can truly eliminate the need for intermediaries, despite bitcoin’s revolutionary promise. While decentralized systems aim to bypass traditional structures, he argues that…
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