Tag: stablecoin

Concerns over possible interest rate cuts in September have driven a surge in Bitcoin-related exchange-traded products (ETPs).

Last week, the cryptocurrency market saw a notable rally, bringing significant profits for short-term traders.

Tether has recently minted an additional $1 billion in USDT on the Tron blockchain, pushing Tron’s total USDT supply to $61.8 billion and surpassing Ethereum’s $52.1 billion.

PayPal is teaming up with Anchorage Digital to offer a new rewards program for its stablecoin, PayPal USD (PYUSD).

Tether, the issuer of the leading stablecoin USDT, has decided against launching its own blockchain.

China has successfully extradited a suspect identified as Zhang from Thailand, who is accused of orchestrating a $14 billion cryptocurrency pyramid scheme.

Russia is moving forward with plans to establish two cryptocurrency exchanges, one in Moscow and another in St. Petersburg, in a bid to enhance its international trade capabilities.

Justin Sun, the founder of Tron, has reassured users about the stability of the USDD stablecoin despite a recent significant withdrawal of Bitcoin reserves.

In 2024, cryptocurrency adoption has surged, with global ownership climbing to 617 million, up from 580 million in December 2023.

Starting August 28, Coinbase will offer conversions between the euro and the EURC stablecoin at a 1:1 ratio in selected regions.

Blockchain innovation company Skyfire has unveiled a new payment platform that enables artificial intelligence (AI) agents to make financial transactions autonomously.

Wyoming Governor Mark Gordon recently addressed the Wyoming Blockchain Symposium, highlighting the state’s commitment to blockchain technology and unveiling plans for a state-backed stablecoin slated for release in 2025.

Mercado Libre, the leading e-commerce giant in Latin America, has introduced a new US dollar-pegged stablecoin through its digital banking service, Mercado Pago.

The Aptos Foundation has teamed up with Myco, a Web3 streaming service, to integrate its platform with the Aptos blockchain.

Abu Dhabi’s Financial Services Regulatory Authority (FSRA) plans to oversee fiat reference tokens (FRTs), a type of stablecoin, in response to growing stakeholder interest.

Tether, the leading stablecoin issuer, is set to launch a new digital currency tied to the UAE dirham (AED).

State Street has announced a strategic partnership with crypto custodian Taurus to enhance its offerings in tokenization and digital custody services for institutional investors.

In a recent interview with Cointelegraph, Colin Butler, Polygon’s global head of institutional capital, highlighted the vast potential of tokenized real-world assets (RWAs), estimating the global market opportunity at $30 trillion.

An analyst known for accurately predicting the 2022 crypto collapse suggests that a token which surged nearly 280% last week might indicate future trends in the altcoin market.

Tether, the issuer of the USDT stablecoin, is expanding its reach by launching USDT on the Aptos blockchain.

Crypto strategist Michaël van de Poppe believes the digital asset market is nearing the end of its extended correction phase.

PayPal’s stablecoin, PYUSD, has recently surpassed Tron’s USDD in market capitalization, positioning itself as the sixth-largest stablecoin in the crypto space.

The integration of cryptocurrency with traditional technology is advancing rapidly, with Circle, the fintech company behind the USDC stablecoin, leading the charge.

Chinese regional banks, once vital for processing Russian payments, are now rejecting these transactions due to concerns about secondary sanctions.

Head of Fidelity’s Digital Asset Management, Cynthia Lo Bessette, hinted at new digital asset products like stablecoins and tokenized Treasury bonds.

Tron (TRX) is positioning itself as a significant challenger to Visa in the digital payments space, with its USDT settlement volumes reaching $1.25 trillion in Q2 2024.

XRP has recently surged past the critical $0.5657 resistance level, following a 14% correction.

Markus Thielen from 10x Research suggests that a rise in stablecoin issuance might be crucial for Bitcoin’s next price surge.

Tether CEO Paolo Ardoino believes that rising geopolitical tensions and macroeconomic shifts will heighten the value of scarce assets such as Bitcoin (BTC) and gold.

Grayscale Investments has unveiled its latest offering, the Grayscale MakerDAO Trust, which provides institutional investors with a straightforward way to invest in the MKR token.

BlackRock, world’s biggest asset manager, is allegedly on the verge of launching its own blockchain platform, which could significantly impact the cryptocurrency landscape.

Binance, a leading cryptocurrency exchange, announced the delisting of six altcoins—PowerPool (CVP), Ellipsis (EPX), ForTube (FOR), Loom Network (LOOM), Reef (REEF), and VGX Token (VGX). This led to sharp price drops for each token.

In a strategic move to bolster its position as a global leader in financial technology, Hong Kong is preparing to implement stricter regulations for digital assets over the next 18 months.

Wrapped Bitcoin (wBTC) makes up about 10% of the reserves for the overcollateralized stablecoin DAI.

Tether’s CEO, Paolo Ardoino, has raised alarms about the European Union’s new Market for Crypto Assets (MiCA) regulation, suggesting it might increase systemic risk rather than provide stability.

Celsius Network Ltd. has filed a lawsuit against Tether and its affiliates, accusing them of engaging in “fraudulent” and “preferential” transfers involving over $2 billion in Bitcoin (BTC).

Ripple Labs, a US-based technology company known for developing the Ripple payment protocol and exchange network, announced on Friday that it has begun testing its stablecoin, RLUSD, on both the XRP Ledger and Ethereum blockchain networks.

Ripple has recently cautioned its community about a surge in fraudulent schemes targeting XRP holders.

The Supreme Court of Montenegro has once again postponed the extradition of Terra (LUNA) co-founder Do Kwon to South Korea.

An institutional investor recently faced a significant loss after selling 25 million Curve DAO Tokens (CRV) over three days.

FedNow, touted by the US Federal Reserve as a 24/7 instant payments solution and a potential “crypto killer,” has not had the expected impact on the cryptocurrency market.

Ripple Labs. recently added on its official website details about its upcoming stable coin that will be released later this year.

According to Ki Yong Ju, CEO of CryptoQuant, crypto whales are positioning themselves for the next expansion of the altcoin market.

Recent changes in Swiss stablecoin regulations, which now require Know Your Customer (KYC) checks for all stablecoin holders, have sparked significant backlash within the crypto community.

Ripple’s latest quarterly report reveals that the company currently holds 4.682 billion XRP tokens in its wallets.

Genesis has successfully concluded its restructuring and begun distributing about $4 billion in digital assets and cash to its creditors, according to a statement on August 2.

A prominent crypto trader known as Bluntz has predicted bearish trends for the broader cryptocurrency market.

Bank of Russia Governor Elvira Nabiullina has stated that Russia’s digital ruble is on track to become widely adopted within the next five to seven years.

Blockchain analytics platform Glassnode, collaboratng with Coinbase, the largest cryptocurrency exchange in the U.S., released their “Guide to Crypto Markets for Q3 2024.”

The Bank for International Settlements and the Bank of England have introduced a new system called Pyxtrial, designed to provide near real-time insights into the liabilities and assets backing stablecoins.

Many people who invested in Do Kwon’s high-interest crypto scheme are now seeking compensation after suffering substantial losses.

The XRP Ledger, in partnership with Ripple and OpenEden, is set to offer tokenized US Treasury bills (T-bills), marking a significant step in merging traditional finance with blockchain technology.

The Bank of Ghana has wrapped up a pilot project demonstrating the use of digital credentials for international trade and CBDC-based cross-border transactions.

In 2024, global cryptocurrency trading is set to reach over $108 trillion, a dramatic increase of nearly 90% from 2022, according to Coinwire.

Circle’s USD Coin (USDC) experienced a significant boost in trading volume and market capitalization in July, largely influenced by new European digital asset regulations.

Tether Holdings Limited has achieved a historic financial milestone, reporting a record net operating profit of $1.3 billion for Q2 2024, contributing to a total net profit of $5.2 billion for the first half of the year.

Ethena Labs is set to introduce USDe, a new type of collateral that not only serves as stable margin but also earns rewards, on the Bybit exchange starting August 2.

England’s central bank is set to launch a new series of tests involving distributed ledger technology (DLT) and wholesale central bank digital currencies (wCBDC).

Well-known crypto analyst and trader predicts significant growth in the cryptocurrency market, adding that the total market capitalization of cryptocurrencies may be about to break its last resistance level at $2.66 trillion.

The Swiss Financial Market Supervisory Authority (FINMA) is set to introduce new rules for stablecoin issuers to enhance regulatory control and reduce financial risks.