2 / 30 Relevant items tagged with #stablecoin

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The stablecoin showdown

[Nov 22 7:00 PM] The stablecoin market is heating up, but the future remains uncertain. Will one stablecoin dominate, or will multiple players coexist in a diverse ecosystem?

Ethena’s ENA token rallies on USDe integration by Deribit

[Nov 22 1:38 PM] According to Deribit, the exchange will include USDe in its cross-collateral pool as of early January 2025, pending regulatory approval.

Payments Giant Stripe Brings Crypto Services to Aptos as Circle's USDC Stablecoin Launch on the Network

[Nov 21 3:10 PM] The integrations aim to boost global payments and decentralized finance on the Aptos network.

Record $9.7B stablecoin inflows could drive Bitcoin to $100K

[Nov 21 8:56 AM] The record monthly stablecoin inflows may put Bitcoin’s price on track to a record $100,000 mark.

Yellow Card’s African Push: Coinbase-Backed Platform Wins South African License

[Nov 20 8:40 PM] Coinbase backed Yellow Card, a leading African crypto platform, has secured a crypto asset service provider (CASP) license from the Financial Sector Conduct Authority (FSCA) in South Africa. The license allows Yellow Card, which is also licensed in…

Sky, formerly Maker, launches USDS stablecoin on Solana

[Nov 20 5:34 AM] Sky is offering $500,000 in USDS rewards for early adopters and stablecoin liquidity providers.

Paxos acquires Membrane Finance for EU stablecoin expansion

[Nov 19 8:02 PM] Membrane Finance is the issuer of US dollar and euro stablecoins and has a passportable Finnish license.

Bitfinex Securities debuts tokenized US T-bills under El Salvador laws

[Nov 19 2:03 PM] Bitfinex Securities’ initial offering targets to raise a minimum of $30 million to proceed with the issuance of the token that will be traded under the ticker USTBL.

Mountain Protocol Brings Yield-Generating Stablecoin Products to El Dorado

[Nov 15 11:30 AM] Mountain Protocol, a yield-bearing stablecoin project, has partnered with the P2P exchange El Dorado to bring yield savings products to Latin American customers. Both organizations have teamed up to offer up to 4.5% APY for El Dorado Earn…

Tether Unveils New Platform to Simplify Asset Tokenization for Businesses, Nation-States

[Nov 14 5:39 PM] The tokenization platform is part of Tether's ambition to diversify its business from issuing the $126 billion USDT stablecoin.

SocGen Crypto Arm to Bring Its Euro Stablecoin to XRP Ledger, Lays Out Plan for Going Multichain

[Nov 14 2:33 PM] The French financial services firm said earlier this year it will also expand EURCV to the Solana network after struggling to attract users on Ethereum.

Stablecoin Supply Expands by $5B Since U.S. Election as Investors Pile Into Crypto

[Nov 12 7:16 PM] Stablecoin exchange balances grew to a yearly high of $41 billion this week, providing dry powder to buy digital assets, one analyst noted.

Polygon’s AggLayer adopts Agora’s AUSD as native currency

[Nov 11 2:00 PM] AUSD now powers AggLayer on Polygon, optimizing crosschain liquidity and eliminating token bridges.

10 Months With Tether: USDT Supply Swells to $123 Billion, Leaving Rivals in the Shadows

[Nov 10 6:30 PM] It has been over ten months, and through 2024, tether (USDT), the leading stablecoin by market value, has expanded its supply by 34.27%. Tether’s USDT Expands by 34% in 2024 Over the past year, USDT’s supply climbed by 34.27%, rising…

Trump Declared 47th US President, JPMorgan CEO Claims World War III Has Begun, and More — Week in Review

[Nov 10 2:34 PM] Trump declared 47th US president, JPMorgan CEO claims World War III has begun, Global Dollar Network launches, and more in this Week in Review. Week in Review Donald Trump has been declared the 47th U.S. president. JPMorgan CEO Jamie Dimon warns…

Tether expands into oil trading with $45M transaction

[Nov 8 5:15 PM] Completed in October 2024, the deal facilitated the transport of 670,000 barrels of crude oil and marked Tether’s entry into the commodity trading market.

Chinese Nationals Gain Access to Stablecoins in Hong Kong Via New Trial

[Nov 8 1:30 PM] The trials will allow for anonymous registration on a regulated stablecoin app and the purchase of tokenized financial products for mainland Chinese in Hong Kong.

Tether to Perform $2 Billion USDT Chain Swap to Ethereum

[Nov 7 4:10 PM] Tether will transfer a portion of its USDT cold wallets from other blockchains to USDT on Ethereum via a chain swap. The overall supply of USDT will remain unchanged. Tether to Allow Traders to Utilize USDT Across Blockchains A chain swap is a…

Six Months, $1 Billion: TON Network’s Explosive USDT Adoption Milestone

[Nov 5 10:00 AM] The partnership between The Open Network (TON) and Tether has reached new heights as the USDT stablecoin experienced a massive surge in just a few months since the start of their collaboration. A remarkable feat that saw a massive increase in the…

New Global Dollar Stablecoin Backed by Robinhood, Kraken, Paxos and Other Crypto Heavies

[Nov 4 10:00 PM] The Global Dollar Network, whose participants will earn yield for helping foster adoption of USDG, also includes Anchorage Digital, Bullish, Galaxy Digital and Nuvei.

Thailand Arrests Police Officers Accused of Staging Fake Interrogation to Extort 165,000 USDT

[Nov 2 6:30 AM] Thai police arrested seven individuals, including six officers, for allegedly staging a fake arrest and extorting 165,000 USDT from a Chinese-Vanuatu citizen. Fraudulent Legal Threats Thai police recently arrested six police officers and one…

Paxos launches USD-backed USDG stablecoin with DBS Bank

[Nov 1 8:12 AM] Paxos launches USDG, a Singapore-compliant stablecoin, partnering with DBS Bank for US dollar reserves in line with Singapore’s MAS framework.

Tether’s $1 Billion USDT Mint On Tron: What’s Fueling The Demand Surge?

[Oct 31 9:00 AM] It’s been a busy week for Tether, as the company announced that it had authorized the minting of another 1 billion USDT tokens, pushing the total number of minted tokens to $33 billion in the last year. According to blockchain data, the additional…

Bitcoin Makes ATH Against Euro Due To Change In Dollar Strength, Details Inside

[Oct 31 3:00 AM] Although Bitcoin (BTC) is yet to breach its USD all-time high (ATH) value, the flagship cryptocurrency has made a new ATH against the euro (EUR) and some other fiat currencies. Bitcoin Makes Fresh ATH Against Euro Bitcoin surpassed €68,000…

Solayer, OpenEden launch Treasury-backed stablecoin on Solana

[Oct 29 7:07 PM] Solayer says anyone can mint the yield-bearing sUSD token with at little as $5 in USDC. 

Solana-Based RWA Platform AgriDex Taps Stripe's Bridge to Lower Cost for Agricultural Trade Settlements

[Oct 29 3:02 PM] AgriDex is an example of how stablecoins are being increasingly used as a payment vehicle in emerging regions as a cheaper alternative for traditional banking rails.

Sequoia to make $100M windfall from Stripe’s Bridge acquisition: Report

[Oct 29 1:04 AM] Sequoia Capital owns 16% of Bridge, which is set to be acquired by payments platform Stripe for $1.1 billion. 

Tether's Paolo Ardoino: 'If the U.S. Government Wanted to Kill Us, They Can Press a Button'

[Oct 28 5:27 PM] The leading stablecoin issuer is comfortable holding its T-bills at a U.S. institution because it respects international sanctions, CEO Ardoino said in an interview.

Shift4 leverages The Giving Block for global payment service rollout

[Oct 28 4:55 PM] Payment processor Shift4 bought the crypto service for philanthropies in 2022 and applied its knowledge to other sectors. 

EU MiCA rules pose ‘systemic’ banking risks for stablecoins — Tether CEO

[Oct 28 9:52 AM] Europe’s MiCA framework will enforce new bank reserve requirements for stablecoin issuers, raising concerns about systemic risks and stability.