13 / 30 Relevant items tagged with #stablecoin

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Supply of Stablecoins on Ethereum Protocol 30% Lower Than in 2022 — Study

[Dec 21, 2023 1:30 AM] The supply of stablecoins on the Ethereum chain has dropped by more than 30% from the peak of $100 billion to $66 billion since 2022. The study data shows BUSD and USDC as the two stablecoins which caused the overall market value to fall from $139…

Crashed Stablecoin Iron Bank Euro (ibEUR) Lacks Fast Repeg Path

[Dec 19, 2023 11:42 AM]

Circle Launches EURC Stablecoin on Solana, Expanding Euro Access in the Crypto Space

[Dec 19, 2023 1:30 AM] Expanding the global reach of euro-based stablecoins, Circle has debuted its EURC token on the Solana blockchain, offering a fully reserved, euro-backed digital asset. Circle Expands its Stablecoin Portfolio With EURC Launch on Solana, Boosting…

Circle Issues Euro-Backed Stablecoin EURC Natively on the Solana Blockchain

[Dec 18, 2023 8:00 AM] Circle aims to boost around-the-clock foreign exchange transactions and remittances by deploying EURC on Solana.

Crypto Biz: Worldcoin expands, Saudi Aramco considers digital assets, and more

[Dec 15, 2023 3:00 PM] Traditional financial firms are increasingly connecting services, portfolios and operations with digital assets.

Basel Committee suggests introducing maturity limits for stablecoin reserve assets

[Dec 14, 2023 5:52 AM] Should longer-term assets be allowed as reserve assets, the committee thinks these must overcollateralize the claims of stablecoin holders.

German asset manager DWS joins Galaxy to issue euro stablecoin

[Dec 13, 2023 2:57 AM] AllUnity, a new joint venture by DWS, Galaxy and Flow Traders, plans to issue the euro stablecoin on all major public permissionless L1s and L2s, DeFi use cases.

S&P Global launches stablecoin ratings, ranks GUSD, USDP, USDC highest

[Dec 12, 2023 1:00 PM] The producer of the S&P 500 assessed eight stablecoins. Tether received the second-lowest rating.

Tether Implements New Stablecoin-Freezing Policy After Seizing Funds Tied to OFAC Sanctioned Entities 

[Dec 10, 2023 4:30 AM] Tether, a leading stablecoin company in the crypto industry, has announced a significant new initiative aimed at strengthening the security of the crypto asset ecosystem. The company announced this weekend that its recent move to voluntarily freeze…

Palau’s Ripple-supported stablecoin pilot achieves positive results

[Dec 8, 2023 3:20 PM] The U.S. dollar-pegged Palau Stablecoin was used by 168 volunteers for $100 of retail purchases in three months.

Tether’s Market Cap Soars by Over 35% to $90 Billion in 2023, Nearing Top 100 Global Assets

[Dec 7, 2023 11:30 AM] Tether, the leading stablecoin by market capitalization, has seen its supply increase by 5.5% in the last month, achieving a significant market valuation of $90 billion. Since 2015, Tether’s Market Cap Has Swelled by 35,912,812% Since the…

Galaxy-Backed Gyroscope's 'All-Weather' Decentralized Stablecoin Goes Live on Ethereum Mainnet

[Dec 7, 2023 7:28 AM] Gyroscope's GYD token aims to protect against the risks of holding stablecoins by offering an alternative to centralized and algorithmic designs.

Residents of Swiss City of Lugano to Pay Taxes With Bitcoin

[Dec 7, 2023 5:00 AM] Citizens of the Swiss city of Lugano can now settle their tax bills and other community fees with bitcoin and the stablecoin tether. By adding crypto to payment options, Lugano joins three other Swiss cities and cantons which already accept crypto…

Tether (USDT) Cap Approaches $90 Billion: Why This Affects Bitcoin

[Dec 6, 2023 10:00 AM] Data shows that the Tether (USDT) market cap is almost $90 billion. Here’s why this growth could matter for the price of Bitcoin. Tether Market Cap Has Continued To Observe A Rise Recently Tether is a cryptocurrency pegged to the US Dollar…

France’s third-largest bank, Société Générale, launches euro pegged stablecoin

[Dec 6, 2023 1:57 AM] The euro-pegged stablecoin will be the first of its kind in the region and will be available to the bank’s wide customer base for trading use.

Tiny Euro-Pegged Stablecoin Surges 200% on Binance Before Exchange Halts Trading Due to 'Abnormal Volatility'

[Dec 5, 2023 4:39 PM] The AEUR-USDT trading pair hit a $3.25 high Tuesday afternoon before Binance suspended trading with the token.

Fresh Money Flows to Crypto as Stablecoin Market Expands After 1.5 Years Downtrend

[Dec 5, 2023 3:20 PM] Tether's USDT added $7 billion to its market cap since September, a sign of capital entering the crypto market, Matrixport noted.

Tether Strikes Gold In Bitcoin: Profits Soar Above $1 Billion Amid Bull Market

[Dec 5, 2023 1:00 PM] Tether, known for its USDT stablecoin, has recently made headlines with its Bitcoin holdings soaring in value, generating a profit exceeding $1 billion. Notably, this significant financial gain can be attributed to the stablecoin issuer’s…

Crypto payments: PayPal’s stablecoin ripple effect on markets

[Dec 5, 2023 8:39 AM] Earlier this year, PayPal released its own stablecoin. What effect has it had on crypto adoption?

Jeremy Allaire's Stablecoin Is Building a Real Use Case for Crypto

[Dec 4, 2023 7:03 AM] Circle Internet Financial continued to build out the USDC stablecoin network, spreading access and inclusion to new corners of the world.

GHO Stablecoin Hits $0.98 Target as Strategic Initiatives Spearhead Turnaround

[Dec 2, 2023 10:30 AM] Beginning in mid-July 2023, the stablecoin from Avara (previously known as Aave), a decentralized finance firm, consistently traded below its target $1 peg, reaching a low of $0.917 on October 24. Nonetheless, in recent weeks, the Liquidity…

We Neither Bank Justin Sun nor Finance Hamas — Circle Chief Strategy Officer

[Dec 2, 2023 1:00 AM] USDC stablecoin issuer Circle neither “finances Hamas” nor does it bank Tron blockchain founder Justin Sun, the fintech firm’s chief strategy officer has asserted. Although Circle had past business dealings with Sun, this ended in…

Tether moving into infrastructure, energy production, CEO Ardoino says

[Dec 1, 2023 3:28 PM] Tether will build renewable energy facilities in Uruguay and El Salvador, the new CEO told Cointelegraph.

Paxos Secures In Principle Approvals for Stablecoin Issuance and Crypto Services in Abu Dhabi

[Nov 30, 2023 2:30 AM] Paxos, a provider of blockchain and tokenization infrastructure, has recently received preliminary approvals from the Financial Services Regulatory Authority (FSRA) of Abu Dhabi. The company stated that these endorsements are crucial steps for…

Binance will end support for BUSD stablecoin in December

[Nov 29, 2023 3:04 PM] Many users' Binance USD balances will automatically be converted into First Digital USD starting on Dec. 31.

Paxos receives in-principle approval to issue stablecoins in Abu Dhabi

[Nov 29, 2023 12:00 PM] The approval followed a similar move by regulators in Singapore, where Paxos said its local entity would launch a U.S. dollar-backed stablecoin.

Stablecoins Such as Tether May Be in U.S. Sights, Top U.S. Treasury Official Warns

[Nov 29, 2023 10:28 AM] Wally Adeyemo, deputy secretary of the Treasury, said issuers outside the U.S. need to be forced to prevent abuse by terrorists.

Aave's GHO Stablecoin Nears Elusive Dollar Peg

[Nov 28, 2023 4:42 PM]

$3.1 Billion TUSD Stablecoin Shaky, Briefly Depegs—What’s Happening?

[Nov 27, 2023 9:00 PM] TrueUSD (TUSD), a stablecoin with a market cap exceeding $3.1 billion, appears “shaky” and briefly depegged on November 22, dropping to as low as $0.9976 before restoring its peg. The temporary depeg was attributed to a deluge of…

Santiment Reveals Trigger Behind Bitcoin Rally: Will This Signal Reignite?

[Nov 27, 2023 6:00 PM] The on-chain analytics firm Santiment has explained how Tether (USD) and USD Coin (USDC) exchange inflows preceded the recent Bitcoin rally. Bitcoin Rally May Restart If Stablecoins See Further Exchange Deposits In a new post on X, Santiment…