According to data from DeFi Llama, the Tron network accrued $1.31 million in network revenue during the past 24 hours alone.
Nudge seeks to unleash a new DeFi primitive called Re: allocation Value.
The dwindling metric points to declining selling pressure in the bitcoin market.
The newly minted stablecoins could help push Bitcoin’s price above the $65,000 resistance, which is the short-term whale holder's realized price.
This week’s Crypto Biz explores Tether’s profit record, bank-linked crypto trading in the United Arab Emirates, Polymarket’s growth amid US elections, and Coinbase custodian arm.
The asset manager is considering expanding tokenized securities to the Ethereum mainnet and other EVMs, its digital assets head told Cointelegraph.
Renewed expansion in stablecoins is bullish for the broader crypto market.
Traditional financial heavyweights are getting increasingly involved in tokenization efforts, putting financial assets on blockchain rails for operational benefits.
Hong Kong's financial regulators published the conclusions of consultation on fiat-referenced stablecoin regulation and said they are preparing a bill to introduce into the Legislative Council later this year.
The bankrupt Terraform Labs is looking to sell four of its companies as it winds down operations to comply with its multi-billion SEC deal.
Since launching in September 2023, Opera Mini’s MiniPay app has amassed 3 million users.
The deployment of the GHO stablecoin on the Ethereum layer-2 network will leverage Chainlink's CCIP interoperability protocol.
Circle’s USDC and EURC stablecoins become the first fully compliant digital fiat tokens under the Markets in Crypto-Assets rules.
As of June 24, Tether’s month-over-month supply has risen by less than 1.5%, down from over 5% in April and May.
The circulating supply of the dollar-linked stablecoin on the two blockchains represents roughly 0.1% of the total USDT supply.
The post Tether To Stop Supporting EOS And Algorand appeared first on Coinpedia Fintech News
Tether has stressed its commitment to maintaining a robust and initiative blockchain ecosystem for USDT and other tokens and is striving to strike a balance between maintainability, usage, and community interest. After thorough consideration, Tether has decided to discontinue support for the EOS and Algorand implementations. Tether will stop minting USDT on EOS and Algorand …
Alloy by Tether introduces a new class of digital assets called tethered assets, designed to track the price of various assets using robust stabilization mechanisms.
Increased stablecoin usage could be a sign of growing crypto adoption for a maturing industry.
Ripple CEO Brad Garlinghouse has announced the name of the company’s upcoming stablecoin at the XRP Ledger Community Summit (XRPL Apex) in Amsterdam. During a panel discussion, Garlinghouse stated: “The name of the Ripple stablecoin [is] RLUSD; I like to call it Real USD or Ripple USD.” While Garlinghouse did not disclose the launch date, […]
The post Ripple CEO unveils name of upcoming stablecoin RLUSD appeared first on CryptoSlate.
Ethena Labs’ USDe, a synthetic dollar stablecoin, has garnered significant community adoption, propelling it to become the fourth-largest stablecoin by market capitalization. This achievement comes at a notable juncture, as the stablecoin surpassed the entire Solana blockchain in revenue generation within the past week. USDe supply crosses $3 billion According to data from CryptoSlate, the […]
The post Ethena USDe overtakes Solana in revenue, hits $3 billion market cap appeared first on CryptoSlate.
Following the investment, Tether expects close collaboration with Bitdeer across several key infrastructure areas, CEO Paolo Ardoino said.
Confidential transfers allow merchants to provide confidentiality for transaction amounts to their consumers while maintaining visibility for regulatory purposes.
The post PayPal’s PYUSD Stablecoin on Solana to Feature Confidential Transfers appeared first on Coinpedia Fintech News
PayPal has deployed its PYUSD stablecoin on Solana, which was previously available only on Ethereum. The new feature, “confidential transfers,” was announced on May 29, aiming to allow merchants to keep their transaction amounts confidential for consumers while still being visible for regulatory purposes. This functionality strengthens Solana’s existing capabilities by improving speed and token …
RWA tokenization has become the latest trend in crypto, and early use cases indicate that DeFi protocols are using it for stable collaterals, yield products and more.
In a significant move towards enhancing digital currency use, Hong Kong residents can now set up personal digital yuan or e-CNY wallets, as announced by the Hong Kong Monetary Authority (HKMA). This development, part of a collaboration with the People’s Bank of China (PBoC), marks a milestone in “facilitating” cross-border transactions between Hong Kong and […]
The authorities destroyed two underground operations in Fujian and Hunan, and the police also froze 149 million yuan worth $20 million linked to the USDT banking operations.
To combat illicit financial activities, Tether, the entity behind the world’s largest stablecoin by market capitalization, has frozen approximately 5.2 million USDT. The crypto tracking and compliance platform MistTrack detailed this action, which targeted 12 Ethereum addresses identified as part of phishing operations. Related Reading: Stablecoin Exchange Inflows See Severe Drop: Why This Is Bad […]
Brad Garlinghouse said he views Tether as an important part of the ecosystem and that its fate will be an "interesting one to watch."
In a post on X, one analyst now claims traditional fiat-backed stablecoins like USDT and USDC should prepare for a “major” attack due to the increasing popularity of Ethena’s USDe. The warning follows Ethena and USDe’s integration with Bybit, a crypto exchange allowing perpetual trading. Ethena Partners With ByBit USDe is not fiat-backed like other popular stablecoins. […]
Tether boosts CityPay.io to expand payment solutions across Eastern Europe, targeting emerging markets and crypto payment technologies.
The post Tether expands Eastern European operations with CityPay.io investment appeared first on Crypto Briefing.