Tether Holdings Limited reports a Q1 net profit of $4.52 billion and a net equity of $11.37 billion, highlighting its financial growth and stability.
The post Tether reports record $4.52 billion Q1 profit appeared first on Crypto Briefing.
The US Congress could catalyze a more significant shift than introducing spot Bitcoin ETFs. Bitwise Chief Investment Officer Matt Hougan’s view underscores a pivotal moment for the crypto industry. Hougan suggests that 2024 could see “groundbreaking” legal frameworks that pave the way for mainstream stablecoin adoption, which might profoundly impact the crypto ecosystem. Related Reading: Coin […]
Stablecoins, including USDT, DAI, and USDC, have processed transactions exceeding $1.3 trillion, outstripping Visa's 2023 monthly average.
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Despite Circle's rising transaction count, Tether's USDT still accounts for over 68% of the entire stablecoin market.
The startup is one of the first to build tokenized tech for Bitcoin's Runes era.
Stripe customers will be able to pay with USDC beginning this summer, president Jack Collison said, after the company canned BTC payments in 2018.
The number of addresses holding stablecoins has risen 15% this year.
Pro-crypto organization Coin Center is pushing against a new legislative bill targeted at regulating stablecoin use and operations. In a public statement released on Friday, the US-based advocacy group heavily criticized the Lummis-Gillibrand Payment Stablecoin Act, describing it as “unconstitutional” and anti-innovation. Related Reading: ‘Ethereum Wins Big’ With New US Stablecoin Draft Bill: Expert Latest […]
Tether and Telegram’s Web3 ecosystem are coming closer together with USDT and XAUT launch on the TON blockchain.
With the new divisions, Tether aims to expand its mission to provide a range of new infrastructure solutions, investments and services.
Despite potential price fluctuations on different trading venues, USDP will always remain redeemable for $1 on Paxos, a spokesperson told Cointelegraph.
DeFi and Web3 gaming led blockchain Q1 growth with a surge in daily transactions and active addresses, signaling a vibrant start to 2024
The post DeFi and Web3 gaming dominate blockchain industry in Q1 appeared first on Crypto Briefing.
US senators Cynthia Lummis and Kirsten Gillibrand have jointly unveiled bipartisan legislation aimed at creating a clear regulatory framework for payment stablecoins, according to an April 17 statement. Dubbed the Lummis-Gillibrand Payments Stablecoin Act, the proposed law wants to “protect consumers, enable innovation, and promote US dollar dominance while preserving the dual banking system.” Speaking […]
The post US senators propose bipartisan stablecoin bill opening door to FDIC insurance in US appeared first on CryptoSlate.
The firm has received a commitment of $75 million in total value locked for the launch of its stablecoin USD0.
Tether CEO Paolo Ardoino says adding new players to the stablecoin landscape is crucial to increasing legitimacy in the eyes of regulators.
The Ripple stablecoin would help attract more institutional participants into the crypto ecosystem and help establish robust regulatory controls.
This week’s Crypto Biz explores the rise of tokenization markets, PayPal’s stablecoin, SushiSwap’s move to a “Labs model,” and the U.S. SEC’s decision to defer Bitcoin ETF options.
"A lot of things can go wrong," in Ethena's yield-generation strategy, said Folkvang CEO Mike van Rossum.
In a bid to navigate the complex landscape of stablecoin regulation, the Bank for International Settlements (BIS) has sounded the alarm for urgent global oversight. The latest report from the BIS underscores the pressing need for a unified regulatory framework to address the significant regulatory fragmentation hindering the widespread adoption of stablecoins. Related Reading: Shiba […]
The retiring chair of the U.S. House Financial Services Committee is optimistic about digital asset legislation now before Congress.
Lawmakers on both sides of the aisle urged the need for new crypto laws on Tuesday, as Deputy Treasury Secretary Wally Adeyemo asked for “additional tools” to effectively crack down on illicit crypto financing.
Total PayPal USD in circulation amounted to $188.5 million in March, or 39% less than in February 2024.
Sony Bank says it is experimenting with the possibility of issuing its own yen-backed stablecoin as a form of payment for businesses that use intellectual property (IP) owned by the Sony Group.
Ripple is set to launch a dollar-pegged stablecoin on XRP Ledger and Ethereum, enhancing liquidity for cross-border payments and DeFi.
Ripple expects the stablecoin market to surpass $2 trillion by 2028 and aims to compete with Circle’s USDC and Tether USDT.
The token will be "100% backed by U.S. dollar deposits, short-term U.S. government Treasuries and other cash equivalents." according to the company.
On-chain data suggests the whale entities have bought up around 5% of the supply of the major stablecoins over the past three weeks. Whales Have Been Gobbling Up Stablecoin Supply Recently According to data from the on-chain analytics firm Santiment, whales have been rapidly accumulating the stablecoin supply recently. Whales here refer to investors holding […]
In a move highlighting the growing interest in the stablecoin market, Nick Van Eck, son of investment management veteran Jan Van Eck, is making a significant bet on cryptocurrencies through the family business. Agora, a startup co-founded by spot Bitcoin exchange-traded fund (ETF) manager firm VanEck, along with crypto veterans Drake Evans and Joe McGrady, […]
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