Tether mints another $1B USDT on Tron network
[Aug 20 9:40 AM] Tether mints $1 billion USDT on Tron, pushing its total tokens minted in the last year to 33 billion.
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Paypal’s PYUSD Supply Swells by $140.9M in 10 Days, Becomes Sixth Largest Stablecoin
[Aug 16 7:30 PM] According to statistics, Paypal’s PYUSD stablecoin has surpassed Tron’s stablecoin USDD becoming the sixth largest dollar-pegged token by market capitalization. Over the past ten days, PYUSD’s supply has swelled by $140.9 million. Paypal’s PYUSD
Does Hong Kong have issues with USDT and USDC? OSL exec weighs in
[Aug 16 11:21 AM] As Hong Kong looks into creating HKD and USD stablecoins, a local industry executive has addressed possible implications for stablecoins like UDST and USDC.
Circle proposes new capital-risk framework for stablecoins
[Aug 15 8:30 PM] In July 2024, Circle became the first stablecoin issuer to comply with the European Union’s Markets in Crypto-Assets regulatory framework.
Anchored Coins warns of potential issues for AEUR amid FlowBank collapse
[Aug 15 6:51 PM] The stablecoin issuer said there was a risk of a “respective loss for the holders of AEUR tokens” due to FlowBank’s bankruptcy in June.
Tron network exceeds Ethereum revenue over the past 90 days
[Aug 15 5:31 PM] According to data from DefiLlama, the Tron network has accrued $1.31 million in network revenue during the past 24 hours alone.
New DeFi protocol Nudge aims to unlock hidden value in users’ wallets
[Aug 15 1:00 PM] Nudge seeks to unleash a new DeFi primitive called Re: allocation Value.
Tether crypto exchanges balance hits record high as Treasury prints $1B USDT
[Aug 14 11:44 AM] If the Fed signals a rate cut, as CME data strongly suggests, crypto traders may quickly deploy their stablecoin reserves to drive a market rally.
Binance to Convert Delisted Crypto to USDC — Advises Users to Withdraw Affected Tokens Before Deadline
[Aug 14 3:30 AM] Crypto exchange Binance has announced the conversion of several delisted tokens into stablecoin USDC. Users are advised to withdraw affected crypto tokens by Sept. 1, as they will no longer be accessible afterward. After this date, withdrawals of…
Grayscale launches investment fund for MakerDAO token
[Aug 13 1:49 PM] Grayscale also launched funds for protocols Bittensor and Sui in August.
Bitcoin's Prospects Strengthen as Key Stablecoin Metric Slides to Lowest Level in 18 Months
[Aug 13 8:50 AM] The dwindling metric points to declining selling pressure in the bitcoin market.
Tether Slams Celsius Network’s ‘Baseless’ $2 Billion Lawsuit
Tether Partners With Crypto Firm to Boost Blockchain Education in South Africa
[Aug 11 10:30 AM] Stablecoin issuer Tether Holdings Ltd. recently announced a partnership with a crypto payments provider to advance blockchain education in South Africa. The collaboration aims to both demonstrate the benefits of stablecoin payments and build trust…
Ripple Starts Beta Testing of USD-Pegged Stablecoin on XRP Ledger and Ethereum
[Aug 9 6:26 PM] Ripple Labs has initiated beta testing for ripple usd (RLUSD), a stablecoin pegged to the U.S. dollar, on both the XRP Ledger and Ethereum mainnets. The stablecoin is currently not available for public trading as it awaits regulatory approval…
Ripple begins testing RLUSD stablecoin on mainnet
[Aug 9 5:45 PM] Ripple believes the total stablecoin market will have swollen to $2 trillion by 2028 as demand for the low-volatility fiat-pegged tokens grows.
MiCA regulation poses ‘systemic risk’ to banking system, says Tether CEO
[Aug 9 5:00 PM] According to Tether CEO Paolo Ardoino, recently approved MiCA regulations threaten both banks and stablecoin issuers.
Tether mints $1.3B USDT since market bottom — Can it push Bitcoin above $65K?
[Aug 9 12:05 PM] The newly minted stablecoins could help push Bitcoin’s price above the $65,000 resistance, which is the short-term whale holder's realized price.
Franklin Templeton’s tokenized money fund launches on Arbitrum
[Aug 8 2:22 PM] It’s a stamp of approval for the layer 2 from United States regulators.
Gyroscope Rolls Out Yield-Bearing Version of Stablecoin Targeting Over 10% Yield
[Aug 8 2:00 PM] The Galaxy-backed stablecoin project aims to attract DAO treasuries to allocate in their new stablecoin.
Ethena Labs Expands USDE to Solana, Reveals Gradual SOL Integration
[Aug 7 7:30 PM] On Wednesday, Ethena Labs, the team responsible for the yield-bearing stablecoin project USDE, revealed its expansion to the Solana blockchain. This move brings USDE to the distributed ledger, with SOL now also being used as part of the…
Canza Finance Partners With Stablecoin Issuer to Bring Efficient Financial Solutions to Africa
[Aug 4 2:30 AM] Canza Finance has partnered with stablecoin issuer WSPN to provide secure and efficient financial solutions to users in Africa and other emerging markets. With the integration of WUSD into Canza Finance’s ecosystem, African users will be able to…
Paypal Launches Global Hackathon With 40,000 PYUSD in Prizes
[Aug 2 11:30 PM] Paypal, a leading payment platform, has announced a global hackathon for its stablecoin PYUSD, offering 40,000 PYUSD in prizes. This initiative follows the launch of the Paypal stablecoin on Solana. Running from Aug. 12 to Sept. 16, the hackathon…
Crypto Biz: Stablecoins wave, crypto trading via UAE banks, and more
[Aug 2 9:00 PM] This week’s Crypto Biz explores Tether’s profit record, bank-linked crypto trading in the United Arab Emirates, Polymarket’s growth amid US elections, and Coinbase custodian arm.
EU MiCA implementation is a “pivotal moment” for crypto regulations: compliance expert
[Aug 2 1:05 PM] The European Central Bank recently joined forces with Crystal Intelligence, as its blockchain analytics partner for the upcoming MiCA implementation.
Ethena Labs’ USDe launches as margin collateral on Bybit with 20% APR
[Aug 2 10:10 AM] The integration will also offer Bybit users daily airdrop rewards for holding Ethena's USDe.
Ethereum Seeing High Exchange Outflows, But Watch Out For This Bearish Signal
[Aug 1 4:30 AM] On-chain data shows Ethereum has been observing high exchange outflows recently, but a development related to Tether (USDT) may be a bearish obstacle for the market. Ethereum And Tether Both Have Seen Withdrawals From Exchanges Recently As…
USDC trading volume soars 48% in July, driven by MiCA, market growth
[Jul 31 7:42 PM] The market capitalization of stablecoins increased by 2.1% to $164 billion in July, the highest level since April 2022.
Tether Nets $5B Profits This Year, Says Its US Debt Holdings Surpassed Germany's
[Jul 31 6:26 PM] The company said its $97 billion exposure to U.S. Treasuries would put it 18th in the ranking among countries.
Tether Posts $5.2 Billion Profit in First Half of 2024
[Jul 31 5:30 PM] Tether Holdings Limited reported a record-breaking net profit of $5.2 billion for the first half of 2024, according to its latest assurance opinion for the second quarter. The report, conducted by BDO, highlighted Tether’s increased exposure…
Tether reports record-breaking $5.2B profit in first half of 2024
[Jul 31 4:47 PM] Tether said its US Treasury reserve surpasses the size of all but 17 of the world’s governments.