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.
Ethereum (ETH) is not the best solution for payments, according to PayPal’s Vice President of Blockchain, Crypto, and Digital Currencies (BCDC) unit, Jose Fernandez da Ponte. Ethereum Falls Short For Payment Purposes Speaking at the Solana Breakpoint 2024 conference, Ponte brought attention to Ethereum’s inability to handle a high volume of transactions as a key […]
Stablecoins are becoming systemically important to the global financial economy, Bernstein wrote in a recent report.
USDT attracts property rights as it can be the subject of tracing and can constitute trust property in the same way as other property, a judge in England declared.
In a recent survey conducted by Visa and Castle Island Ventures, a surge in stablecoin usage in H1 2024 was revealed. With settlement volumes expected to reach $5.28 trillion by year-end, the study reveals the adoption growth of stablecoins in the real world. The practical use cases range from cross-border payments, remittances, payrolls, and trade …
The report surveyed more than 2,500 cryptocurrency users in Brazil, Nigeria, Turkey, Indonesia and India.
This is Tether’s first investment in the agriculture and food sector, after investments in artificial intelligence, Bitcoin mining operations, and digital education initiatives.
In a recent announcement, Japan’s three megabanks—MUFG, SMBC, and Mizuho—are launching a pilot program for a cross-border stablecoin transfer platform called “Project Pax.” The initiative aims to improve the speed and efficiency of international business settlements. The trial will be run in collaboration with blockchain firms Progmat, Datachain, and TOKI, with the potential for more …
The crypto market is witnessing an interesting trend as liquidity continues to grow, although the impact on the market remains muted. According to a report by CryptoQuant analyst Cauê Oliveira, over $3.65 billion has flowed into the market through the stablecoin USDT over the last 30 days. Liquidity Surges, But Market Isn’t Impacted This increase […]
A “decentralized governance” body could decide the fate of frozen USDS if the stablecoin goes ahead with a freeze feature, says Sky co-founder Rune Christensen.
The plan would create markets for DAI-replacement USDS on Aave.
MakerDAO co-founder Rune Christensen said the feature won't be live when the USDS token goes live and the old DAI token will remain in circulation unchanged.
The payments company's stablecoin entry was off to a slow start last year on Ethereum, but its recent expansion to the Solana blockchain reignited the token's growth.
Institutional crypto custodians like Coinbase offer competing rewards programs.
Tether- the issuer of the biggest stable coin USDT, dropped a huge announcement that’s gonna make transactions dirt cheap and super efficient. Are you ready to learn how Tehter is going to do that, let’s dive in. Tether’s Big Move to Aptos On August 19, Tether made an announcement that they’re taking its stablecoin -USDT, …
As Hong Kong looks into creating HKD and USD stablecoins, a local industry executive has addressed possible implications for stablecoins like UDST and USDC.
The stablecoin issuer said there was a risk of a “respective loss for the holders of AEUR tokens” due to FlowBank’s bankruptcy in June.