It’s ‘clear’ the US government is going after Tether: Ripple CEO
[May 12 11:03 PM] Brad Garlinghouse said he views Tether as an important part of the ecosystem and that its fate will be an "interesting one to watch."
10 / 30 Relevant items tagged with #stablecoin
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Philippine Central Bank Approves Peso-Pegged Stablecoin for Faster Remittances
[May 12 7:20 PM] The Bangko Sentral ng Pilipinas, the central bank of the Philippines, has approved PHPC, a stablecoin pegged to the Philippine peso, aimed at facilitating cost-effective remittances. Crypto exchange Coins.ph, the stablecoin issuer, plans to attract…
US Scrutiny of Tether Could Disrupt Crypto Ecosystem, Ripple CEO Warns
Solana’s Defi Landscape to Shift With Marginfi’s Introduction of YBX Stablecoin
[May 11 10:33 AM] The decentralized lending protocol built on the Solana blockchain, Marginfi, announced the upcoming launch of YBX, which is expected to be the first notable decentralized stablecoin on Solana, aiming to provide an alternative to the network’s…
Stablecoin Surge: Tether's Headroom for Growth
[May 8 10:00 AM] The stablecoin already enjoys a dominant position in stablecoins and its integration with the TON (Telegram) network could boost it further, says Sylvia To, head of partnerships and token research at Bullish.
Tether scales crypto payments in Eastern Europe with new investment
[May 8 8:09 AM] The new investment aims to strengthen CityPay.io’s expansion into Eastern Europe, specifically into Georgia, Armenia, Azerbaijan, Kazakhstan and Uzbekistan.
What Visa’s ‘Organic’ Stablecoin Report Misses
[May 7 11:14 AM]
EU crypto regulations undermined by lack of enforcement, say observers
[May 7 9:44 AM] The European Union’s Markets in Crypto-Assets Regulation is being phased in, but regulators have reportedly been inconsistent in enforcing existing laws.
Study Uncovers Surprising Data: 90% Of Stablecoin Transactions Not Driven By Human Users
[May 6 8:00 AM] In a recent report by Bloomberg, it has been revealed that more than 90% of stablecoin transaction volumes do not originate from genuine users, according to a new metric co-developed by Visa. Stablecoin Market Faces Data Reality Visa and Allium…
Less Than 10% of Stablecoin Transaction Volume Coming from Real Users: Report
[May 6 12:48 AM] Less than 10% of stablecoin transaction volumes are organic or come from real people, according to new findings by Visa and data platform Allium Labs, Bloomberg reported.
USDC overtakes USDT: Compliance is key to stablecoin dominance
[May 3 7:01 AM] Tether’s USDT hegemony in the stablecoin market may shift as institutional investors chip into the crypto market.
Tether Q1 2024 Attestation Reveals Record $4.52 Billion Profits
[May 2 8:18 PM] Tether, one of the largest cryptocurrency companies, has recently released an attestation of its financial activity corresponding to Q1 2024. Tether registered a record-breaking $4.52 billion in profits, and disclosed its net equity levels…
Tether Enters Transaction Surveillance Partnership with Chainalysis as Regulatory Pressure Mounts
[May 2 12:51 PM] The monitoring system would help Tether identify risky crypto addresses that could be used for bypassing sanctions or illicit activities like terrorist financing, the company said.
Binance ties SAFU fund to USDC: Is the fund missing out on potential gains?
[May 2 7:45 AM] Binance has exchanged a diversified $1 billion crypto portfolio in SAFU funds into USD Coin.
Circle’s USDC overtakes Tether’s USDT in stablecoin transactions — Visa
[Apr 29 7:13 AM] Despite Circle’s rising transaction count, Tether’s USDT still accounts for over 68% of the entire stablecoin market.
Bitcoin-Linked Stablecoin Firm OpenDelta Raises $2.5M
[Apr 26 6:00 AM] The startup is one of the first to build tokenized tech for Bitcoin's Runes era.
Stripe bringing back crypto payments, this time with a stablecoin
[Apr 25 2:46 PM] Stripe customers will be able to pay with USDC beginning this summer, president Jack Collison said, after the company canned BTC payments in 2018.
Visa provides stablecoin analytics dashboard with ‘noise’ filtered out
[Apr 25 11:35 AM] The financial services giant wants to make data about stablecoin usage clear and accessible, which requires some processing.
House committee ranking member says a stablecoin bill could be coming soon
[Apr 25 10:19 AM] House Financial Services Committee Ranking Member Maxine Waters said a stablecoin bill “in the short run” was coming amid negotiations with Republican lawmakers and the Senate.
Turkey tops the world in stablecoin buying share vs. GDP
[Apr 25 7:00 AM] Stablecoin purchases in Turkey amount to 4.3% of GDP, the highest among global economies, according to Chainalysis.
Stablecoin Bill Could Be Ready for the U.S. House Soon Says Top Democrat Maxine Waters: Bloomberg
[Apr 25 1:31 AM] U.S. House Representative Maxine Waters (D-California), the top Democrat on the House Financial Services Committee, told Bloomberg Wednesday "We are on our way to getting a stablecoin bill in the short run.”
Number of Stablecoin Holders Nears 100M Mark, Data Show
[Apr 24 5:08 AM] The number of addresses holding stablecoins has risen 15% this year.
Ethereum Fueled Up: Will 320 Million USDT Inflow Ignite Price Surge?
[Apr 19 11:00 AM] The winds of change are swirling around Ethereum (ETH), the world’s second-largest cryptocurrency. While the Ethereum network itself is buzzing with activity, the price of ETH has taken a tumble in recent days, leaving investors scratching…
USDe Holders Should Monitor Ethena's Reserve Fund to Avoid Risk, CryptoQuant Warns
[Apr 18 2:10 AM] Cryptocurrency data provider CryptoQuant has said that holders of Ethena Labs' USDe stablecoin should monitor the project's reserve fund to avoid risks related to the potential of a negative funding rate.
DeFi Firm Usual Labs Raises $7M Round Led by Kraken Ventures and IOSG Ventures
[Apr 17 8:00 AM] The firm has received a commitment of $75 million in total value locked for the launch of its stablecoin USD0.
Ethena Labs Divides Opinion as High Yield Stirs Memories of Terra
[Apr 11 10:00 PM] "A lot of things can go wrong," in Ethena's yield-generation strategy, said Folkvang CEO Mike van Rossum.
Top U.S. House Lawmakers Meet on Stablecoin Bill Strategy: Punchbowl
[Apr 11 4:34 PM] The U.S. congressional effort to establish regulations for stablecoins has become an increasing longshot for passage this year, but the lawmakers who've pushed legislation the farthest reportedly had a meeting with Senate Majority Leader Chuck…
First Digital Labs to Launch FDUSD on L1 Blockchain Network Sui
[Apr 11 6:35 AM] The stablecoin issuer First Digital Labs has announced its intention to debut its dollar-pegged token FDUSD on the Sui network. This collaboration is described as a “strategic alliance aimed at enhancing liquidity and efficiency of…
Hong Kong-Based First Digital's $3B Stablecoin Arrives to Sui Network in DeFi Push
[Apr 10 1:00 AM] FDUSD has quickly become the fourth-largest stablecoin since its launch in July under Hong Kong's digital asset regulations, benefitting from crypto exchange giant Binance's trading promotion.
Republican Sen. Tillis Calls for ‘Light’ Crypto Regulatory Framework Ahead of Presidential Election
[Apr 9 11:07 AM] Lawmakers on both sides of the aisle urged the need for new crypto laws on Tuesday, as Deputy Treasury Secretary Wally Adeyemo asked for “additional tools” to effectively crack down on illicit crypto financing.