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 Capital owns 16% of Bridge, which is set to be acquired by payments platform Stripe for $1.1 billion.
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.
Payment processor Shift4 bought the crypto service for philanthropies in 2022 and applied its knowledge to other sectors.
Europe’s MiCA framework will enforce new bank reserve requirements for stablecoin issuers, raising concerns about systemic risks and stability.
Circle chief executive officer, Jeremy Allaire has confirmed that the stablecoin issuing company remains committed to launching an initial public offering (IPO). Interestingly, these comments have come amidst a controversial report on Circle’s biggest competitor Tether. Related Reading: Tether Proposes Bold Plan: Boron-Backed Tokens For Turkey’s Market—Here’s Why Circle Financial Standing Strong, No Need For […]
Tether, the largest stablecoin by market cap, is under investigation by federal prosecutors in Manhattan for potential money laundering and sanction violations. Tether denounced the report as unverified speculation. However, the crypto market data indicates that rumors regarding the probe against the stablecoin have heavily impacted the entire crypto market. Here is what you should …
Essence Finance, a project in the Scroll ecosystem, is under scrutiny after its stablecoin, CHI, plunged over 92% in 24 hours, hitting $0.077. Allegedly, more than $20 million in collateral has vanished, raising suspicions of a potential rug pull. The project’s last communication was on September 11, leaving investors questioning its reliability. Although previously audited …
Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.
“Old noise” may be a new name for FUD, as Tether defends itself from a report in The Wall Street Journal about US government investigations.
As Americans gear up for the elections, the digital dollar comes back into focus. What roles will a CBDC and stablecoins play in shaping the future of the US economy?
These tokens are at a regulatory disadvantage to stablecoins due to their classification as securities, the report said.
While USDC has been popular in developed markets, it has seen significant growth in emerging regions among fintechs and brokers servicing businesses and households, Jeremy Allaire told CoinDesk in an interview.
Turkey’s state-owned boron miner estimates the country has more than 70% of global reserves of borate minerals.
Representative French Hill says two crypto-regulating bills in the US might make some progress on Capitol Hill before the current Congress disbands.
Institutional demand is driving a significant increase in onchain loans across DeFi protocols.
A Chainalysis report reveals that the United States is losing ground in stablecoin adoption due to regulatory uncertainty, even as demand for US dollar-backed stablecoins soars globally. In 2024, stablecoin transactions on US platforms fell below 40%, down from 50% last year, while non-US platforms surpassed 60%, driven by emerging markets like Argentina and Turkey. …
Ripple CEO Brad Garlinghouse has hinted at the much-anticipated launch of the company’s stablecoin, Ripple USD (RLUSD). In a recent statement, Garlinghouse expressed confidence that RLUSD will set the benchmark as the “gold standard” for enterprise-grade stablecoins, built on trust, liquidity, and regulatory compliance. Kicking off Ripple Swell with a bang! RLUSD has been nearly …
The 2023 crash of Tangible's USDR stablecoin is infamous in crypto circles. But a CoinDesk investigation reveals there's another story to be told.
Paxos’ goal is to support assets and chains based on customers’ interests and its own end-user preferences, the company said.
The Central Bank of the UAE has given AED Stablecoin LLC approval to launch a stable coin called AE coin. This makes it the first stablecoin backed by the UAE Dirham. It’s not just another coin; AE Coin is going to change how digital payments work in the UAE. With this in place, we’re looking …
Argentina’s stablecoin market is one of the largest in the world in terms of share of stablecoin transactions, beating the global average by 17%.
With dozens of layer-1 blockchains on the market, communication between networks has become a significant pain point for the broader adoption of Web3-based applications.
Australian pension funds can expect a pitch soon for saving money on fees with a stablecoin.
Stablecoin giant Circle has signalled its plans to bring its digital currency, USDC, into Australia and beyond with the unveiling of a partnership with venture capitalist Mark Carnegie's MHC Digital Group, the companies announced on Tuesday.
CCData estimates stablecoins will lose approximately $625 million in interest income for each 50-basis point cut. Further cuts in 2024 could reduce annual revenue by as much as $1.5 billion.
Shiba Inu ecosystem is gearing up for another significant milestone as the project’s team hints at the potential launch of a new stablecoin, sparking a wave of excitement within the entire SHIB community. Given that stablecoins are essential for providing price stability and improving utility, this announcement has generated a lot of speculation regarding the […]
Ethena Labs is teaming up with BlackRock to introduce a brand-new stablecoin, UStb (USTB). This exciting project will leverage BlackRock’s tokenized USD Institutional Digital Liquidity Fund (BUIDL), which maintains a stable value of $1 per token. UStb is set to stand alongside Ethena’s existing synthetic dollar stablecoin, USDe (USDE), offering a fresh and reliable option …
The partnership comes shortly ahead of the implementation of the MiCA regulatory framework for crypto service providers.
The partnership comes shortly ahead of the implementation of the MiCA regulatory framework for crypto service providers.