At Token2049 in Dubai, Eric Trump announced that the Trump family’s World Liberty Financial USD stablecoin (USD1) has been selected as the official stablecoin for MGX’s $2 billion investment in Binance. Earlier this year, Abu Dhabi-based MGX revealed its plans to acquire a $2 billion stake in Binance. Trump also shared that the USD1 stablecoin …
Eric Trump also said that USD1 will be integrated with the Tron ecosystem.
Ethena has partnered with the TON Foundation to launch its synthetic stablecoins, USDe and sUSDe, within the Telegram ecosystem. As part of the collaboration, Ethena’s products will also be integrated into Telegram’s native wallet, expanding access to stable digital assets for millions of users. Additionally, support will extend to TON-compatible wallets like Tonkeeper and TONHub, …
The feature aims to close the "last-mile" gap that has stalled mass crypto adoption in payments, co-founder and CEO Bam Azizi said.
Circle, the company behind the $62 billion USDC stablecoin, has received in-principle approval from Abu Dhabi Global Market’s Financial Services Regulatory Authority. This approval allows Circle to operate as a money services provider in the UAE, marking a major step in its Middle East expansion. The announcement comes shortly after Circle launched a new payments …
Mastercard is bringing stablecoins to the mainstream, making it easy to use them for payments at millions of merchants. With new partnerships with OKX and Nuvei, stablecoins will soon work just like regular money, creating a seamless experience for everyone. In a press release on Monday, the company notes that its new partnerships will create …
Stablecoins are rapidly evolving from a niche segment in the crypto world to a key player in global finance. With major traditional financial institutions like Visa, Mastercard, and Stripe backing stablecoin initiatives, and transaction volumes already surpassing Visa’s network, it’s clear that stablecoins are reshaping the way money moves across borders. Visa, Mastercard, and Stripe …
Solstice Labs, a member of the Deus X Capital family, plans to roll out a Solana-native stablecoin with in-build yield features before late 2025.
Stablecoin issuers could become one of the top U.S. Treasury holders, surpassing major sovereign nations, the report projected.
The partnership is another sign of stablecoin issuers jockeying for market share as regulation in the U.S. is advancing.
ING’s stablecoin project could take the form of a consortium effort including some other banks and crypto service providers, two people familiar with the plans said.
The infrastructure provider underpins tokenized funds by BlackRock, Franklin Templeton and Republic facilitating stablecoin settlements across 22 blockchains.
The fastest growth was seen on the Ethereum, Solana and Base networks, data shows.
Visa is joining the Global Dollar Network (USDG), a stablecoin consortium led by Paxos. This group also includes major players in the cryptocurrency and fintech sectors, such as Robinhood, Kraken, and Galaxy Digital. The move reflects Visa’s growing involvement in the digital asset space and highlights the increasing collaboration between traditional financial institutions and crypto-focused …
Paxos’ Global Dollar Network (USDG) also includes Kraken, Galaxy Digital, Anchorage Digital, Bullish (the owner of CoinDesk) and Nuvei.
Leading stablecoins issuer Tether minted 1 billion USDT on Tron (TRX) network on Saturday, April 12, during the early Western financial markets. According to Paolo Ardoino, CEO Tether, the 1 billion mint is an authorized but not an issued transaction. PSA: 1B USDt inventory replenish on Tron Network. Note this is an authorized but not …
Tether Treasury has issued 1 billion $USDT, valued at around $999.4 million. This move expands the total supply of Tether, the world’s largest stablecoin by market capitalization. As $USDT remains crucial for liquidity in the crypto world, this move could impact overall market dynamics. The fresh issuance reflects Tether’s ongoing role in supporting the growing …
Stablecoins captured the biggest YoY growth among instutionals trades as global regulations regularized the fiat-pegged crypto coin market.
Stablecoins are revolutionizing global money transfers by reducing costs and eliminating intermediaries.
On-chain data shows the stablecoins have seen a spike in Active Addresses recently, something that may turn out to be bullish for Bitcoin. Stablecoins Active Addresses & Volume Have Jumped In a new post on X, the market intelligence platform IntoTheBlock has talked about the latest trend in the Active Addresses for the various stablecoins in the sector. The “Active Addresses” here refers to an on-chain metric that keeps track of the total number of addresses becoming involved in transactions on the blockchain every day. The indicator accounts for both senders and receivers. Related Reading: Bitcoin Rebounds From $74,000 Low As Whales Crank Up Activity When the value of this metric goes up, it means the number of users participating in transfers on the blockchain is on the rise. Such a trend suggests the interest in the asset is increasing. On the other hand, the indicator witnessing a decline implies investors may be paying lower attention to the cryptocurrency as not many of them are becoming active on the network. Now, here is the chart shared by the analytics firm that shows the trend in the Active Addresses for the different stablecoins over the last few months: As is visible in the above graph, the Active Addresses has recently observed a sharp increase for the stablecoins, especially USDT and USDC, the two largest tokens of this class. According to IntoTheBlock, the indicator has now crossed above the 300,000 mark. At the same time as this spike, the Transaction Volume has also registered an uptick, reaching a value of $72 billion. These two aren’t the only stablecoin-related metrics that have surged recently, as the analytics firm has pointed out in another X post that the total market cap of these fiat-tied tokens has set a new record. Thus, it would appear that these assets have not only been enjoying an uptick in activity, but also fresh capital inflows. This trend could hold implications for Bitcoin and other cryptocurrencies. Generally, investors store their capital in the form of stables whenever they want to avoid the volatility associated with BTC and company. These holders are probable to return back to the volatile side eventually, however, as if they wanted to stay away from the sector entirely, they would have just gone with fiat. As such, the market cap of the stablecoins may be looked at as dry powder waiting on the sidelines for Bitcoin and other coins. With activity related to these coins shooting up recently, it’s possible that the transactions are related to investors swapping their stables to buy the market dip. Related Reading: Ethereum MVRV Drops To Lowest Since December 2022: Bottom Signal? That said, there also exists the scenario where the reverse is true; the transactions correspond to investors buying into the stables as they look to exit from the volatile cryptocurrencies. Bitcoin Price Bitcoin appears to have retraced some of its latest recovery as its price is back at $77,300. Featured image from Dall-E, IntoTheBlock.com, chart from TradingView.com
A recent $8 million funding round will be used to develop Cap’s stablecoin engine, which is slated to launch later this year.
Paolo Ardoino said that if new rules are brought in "make stablecoins competitive, there could be an interest from Tether to create a domestic stablecoin."
Recently, the U.S. SEC made a major move that could reshape the stablecoin market. In one of its clearest statements yet, the agency said that some stablecoins now labeled “covered stablecoins” may not be considered securities, as long as they meet strict conditions. This update is already sparking industry reactions, with Tether reportedly considering a …
The U.S. SEC is taking a step back from certain stablecoins, saying they don’t count as securities — which basically means the agency won’t be regulating them like it does stocks or crypto tokens it sees as investments. This is a big shift and adds to the list of crypto areas the SEC is slowly …
Brazil’s largest bank, Itaú Unibanco, with over 55 million customers, is considering launching its own stablecoin. Guto Antunes, head of digital assets, says interest has grown due to the U.S. government’s evolving crypto stance. He highlights blockchain’s potential for atomic transactions and hints at a possible Brazilian real-backed stablecoin. However, Itaú is first studying the …
In a surprising turn of events, Justin Sun, a prominent figure within the Tron (TRX) ecosystem, has revealed that First Digital Trust (FDT), a tech-driven financial institution based in Hong Kong, is effectively insolvent and unable to cover its obligations. In an X post on April 2nd during the late Western financial markets, Sun noted …
The stablecoin deviated from its price peg as Tron founder Justin Sun claimed that First Digital Trust is "effectively insolvent," a characterization the company pushed back on.
Ripple USD's market cap reached $244 million since its December debut, growing 87% over the past month.
Sumitomo is the latest example in a roster of firms eyeing the booming stablecoin market, which has grown 50% to around $230 billion in a year.
Sumitomo Mitsui Financial Group, the parent company of Japan’s second-largest bank, SMBC, is stepping into the stablecoin space. The bank is collaborating with Ava Labs for blockchain infrastructure and Fireblocks for token management. Testing is set to begin in the second half of 2025, with a potential launch as early as next year. This move …