Tag: stablecoin

Paxos is taking strides to increase stablecoin use in the payment sector with a robust new platform aimed at payment service providers (PSPs) and fintech companies.

The community supporting a synthetic dollar protocol on Ethereum is considering the addition of a major competitor to its reserve assets for its stablecoin.

While Tether remains on the sidelines, AED Stablecoin LLD is positioning itself as a leading contender to issue the first regulated stablecoin pegged to the dirham in the United Arab Emirates.

Tether, known for issuing the prominent stablecoin USDT, is reportedly negotiating with commodity trading firms to potentially lend billions in profits.

Base, the Ethereum layer-2 solution launched by Coinbase, has seen a significant increase in activity recently, aiming to establish itself as a leader in the Ethereum landscape.

Crypto exchange OKX is set to enhance its offerings by launching six new trading pairs for USDC, the second-largest stablecoin by market capitalization.

Over the past week, multiple tokens displayed a lot of price volatility. Notable among them were Tron ($TRX) and Chainlink ($LINK). 

Kaspa is on the verge of a significant price surge, while Polkadot shows potential for substantial gains.

Such recent activity has divided opinions, particularly in the crypto community, as the Polygon whale sells off POL tokens worth $900,000.

Jamie Coutts, Real Vision’s chief crypto analyst, anticipates a significant breakthrough for one of Ethereum’s (ETH) main rivals.

Many cryptocurrencies with real promise are stumbling over new regulations. Yet, an unexpected player in the meme coin arena might break through these barriers.

On October 10, Ethena unveiled the four assets selected by its risk committee for allocation to the reserve fund containing real world assets (RWAs).

Uniswap is poised for a significant rise, eyeing the elusive $10 level. But as it gathers momentum, fresh contenders like Jupiter and ZDEX are capturing attention.

Argentina has emerged as the leading Latin American nation for cryptocurrency inflows, surpassing Brazil.

Discover five cryptocurrencies poised to explode in the next market rally, significantly surpassing Polkadot’s impressive 2021 gains.

Stablecoins like USDT have become vital in Latin America, assisting people in managing ongoing economic difficulties.

World Liberty Financial, backed by Donald Trump, has proposed a governance model to operate on the Aave decentralized finance platform as an Aave v3 instance on Ethereum.

The cryptocurrency market is currently experiencing volatility as investors search for the next big altcoin that will provide tremendous gains.

Worldcoin (WLD) has been facing a challenging environment in the cryptocurrency market, plunging more than 84% from its peak of approximately $11.74 reached in March 2024.

In a move to bolster user trust amid rising skepticism towards centralized financial systems, Wirex has rolled out Wirex Pay, a modular blockchain tailored for seamless payment transactions.

CryptoQuant has reported that liquidity within the cryptocurrency market has hit all-time highs.

In the world of competition among different industries, the crypto industry is showing huge adoption among investors.

Data from cryptocurrency exchanges indicates that significant amounts of capital have left the market over the past month, potentially stalling any short-term upward momentum.

Recent developments in blockchain technology are drawing attention as a new contender emerges in the race for transaction speed.

PayPal recently marked a significant development in the adoption of digital currencies by completing its first business transaction using its stablecoin, PYUSD.

A recent report highlighted that some Chinese investors are giving up on cryptocurrencies, and turning back to the country’s growing stock market, spurred by central bank measures to boost the economy.

Binance, one of the top centralized exchanges, has lost some of its market share amid the ongoing downtrend in the crypto space. Data shows that its trading volume has dropped, signaling low interest from investors. 

Tether has announced the upcoming release of a documentary highlighting the role of its stablecoin, USDT, in combating inflation, coinciding with the company’s 10th anniversary.

The ongoing legal battle between the U.S. Securities and Exchange Commission (SEC) and Ripple Labs continues to cast a shadow over the future of XRP, the native token of the Ripple network.

A recent report from digital asset bank Sygnum suggests that a rising trend could give Solana (SOL) an advantage over Ethereum (ETH) in the competitive smart contract space.

Coinbase is set to remove all stablecoins that fail to meet regulatory standards in the European Economic Area (EEA) by the end of the year as part of its compliance with tightening EU regulations.

Bitcoin has seen notable price corrections since March, primarily due to significant sell-offs by large holders, or whales, along with substantial token unlocks increasing the altcoin supply.

Discover the rise of Bitcoin casinos and why they are rewriting the rules of online gambling with their fast transactions, anonymity & more!

XRP’s been on the struggle bus lately—almost 100% down from its ATH and still in the dumps.

Crypto analyst Benjamin Cowen has cautioned that Ethereum (ETH) could face a bearish trend as 2024’s final quarter approaches.

Mike Novogratz, the CEO of Galaxy Digital, recently highlighted a new potential catalyst for Bitcoin’s price growth.

A subcommittee of the Commodity Futures Trading Commission (CFTC) has approved guidelines for using tokenized shares of money-market funds as collateral in traditional finance.

USDC has seen another large minting event, with 50 million coins freshly created at the USDC Treasury.

Ethereum continues to dominate the stablecoin sector despite recent market volatility.

Tron recorded an impressive $566 million in revenue for the third quarter, surpassing major players like Ethereum, Solana, and Bitcoin.

The Bank of Russia plans to monitor all cross-border cryptocurrency transactions over the next six months, involving 19 major banks such as Citibank, MTS Bank and Raiffeisenbank.

According to Tether CEO Paolo Ardoino, USDT, the largest stablecoin by market capitalization, has a significant influence beyond the cryptocurrency sector, particularly in nations dealing with inflation and underdeveloped financial systems.

According to a report by 10x Research, recent changes in global macroeconomic conditions suggest that the decline in global growth may be coming to an end.

Popular crypto exchange Gemini is set to shut down all Canadian accounts by the end of 2024, providing customers a 90-day window to withdraw their assets.

Japan’s Financial Services Agency (FSA) is preparing to reevaluate its crypto regulations, aiming to create a more investor-friendly environment by 2025, according to a Bloomberg report from Sept. 25.

The XRP community is buzzing with speculation about the upcoming release of Ripple’s stablecoin, RLUSD.

The Shiba Inu (SHIB), currently the second-largest meme cryptocurrency by market cap, has experienced a notable surge in its price over the past week.

Ethena Labs, the developer of the USDe synthetic dollar, announced a proposal to launch a decentralized exchange (DEX) called “Ethereal” to support USDe growth.

A well-known analyst, known for his accurate crypto predictions, suggests that Bitcoin (BTC) and altcoins are setting up for further gains.

Bitcoin (BTC) reached a two-month peak on September 28, nearing the crucial $66,000 threshold.

Shiba Inu (SHIB) is experiencing a notable price increase, with its value climbing 27% over the week.

Ripple has recently minted nearly all of its RLUSD tokens, producing around 99% of them on Sunday across Ethereum and the XRP ledger.

According to recently updated bankruptcy documents shared by FTX creditor Sunil Kavuri, those owed money from FTX can expect to recover only 10-25% of their cryptocurrency.

Markus Thielen, Head of Research at 10x Research, indicated that recent Federal Reserve rate cuts and China’s stimulus measures have ignited renewed interest in the crypto market.

The price of Ethena’s native token (ENA) has jumped over 45% this week, following the launch of several new offerings.

Onyx Protocol recently suffered a significant exploit, resulting in a loss of $3.8 million.

Tether (USDT) is rapidly broadening its market presence, contrasting with the more conservative approach of its competitor, USDC.

A proposal on Curve Finance is aiming to eliminate TrueUSD (TUSD) as collateral for its crvUSD stablecoin due to worries about TUSD’s stability and regulatory concerns.

PayPal’s stablecoin PYUSD has lost nearly 30% of its market capitalization in the past 30 days, falling from over $1 billion to $709 million as of September 26.

Ethena is gearing up to release UStb, a new stablecoin developed in partnership with Securitize, a platform specializing in real-world asset tokenization.