The Frax community has approved a proposal to use BlackRock’s Institutional Digital Liquidity Fund (BUIDL) as collateral for its upcoming frxUSD stablecoin. Known as FIP-418, the proposal received unanimous approval during a six-day voting period. BlackRock’s BUIDL fund, which oversees over $648 million in assets, offers yield-generating opportunities for frxUSD holders. This collaboration is a …
The stablecoin is also more widely distributed across blockchain networks.
The turn of the year shines bright on Solana as the ecosystem received over $1B in stablecoin inflows in December. How and why did this happen? Easy – stablecoins exploded in popularity after Trump’s November victory, and Solana’s status as the home of the best meme coins formed a natural combo. $SOL also rebounded from […]
The network now holds approximately $5 billion worth of stablecoins, mostly made up of USDC.
Data shows the stablecoin reserve on Binance has shot up to a new record recently, a sign that could be bullish for Bitcoin and other coins. Stablecoin Exchange Reserve On Binance Has Seen Rapid Growth Recently As explained by an analyst in a CryptoQuant Quicktake post, the stablecoin Binance reserve has shot up recently. The […]
Stablecoin issuer Tether has moved over 8,400 Bitcoin to its reserve in its biggest move since March.
While MiCA’s implementation phase is ending on Dec. 30, 2024, there is also a transitional 18-month phase in MiCA’s total 36-month timeline.
Crypto execs are confident that it won’t be easy to enforce Brazil’s self-custodial stablecoin ban, with many examples proving that further decentralization is inevitable.
Crypto industry executives share with Cointelegraph what they expect for the now $200 billion stablecoin market next year.
The Series A funding round was led by Framework Ventures and included contributions from UXTO Management, Presto Labs and Kenetic Capital
Stablecoins are increasingly being adopted by major companies as a practical solution to financial challenges. With a market cap of $200B, these digital currencies, pegged to fiat currencies like the U.S. dollar, provide stability and efficiency, making them an attractive alternative to traditional financial systems. SpaceX, owned by Elon Musk, is one such company leveraging …
Tether appears to have now been affected by regulatory adjustment in Europe. Particularly, with the EU’s new Markets in Crypto-Assets (MiCA) regulations scheduled to fully take effect in its member states by the end of the year, the crypto landscape is being reshaped. Intended to increase oversight as well as eliminate illegal practices, MiCA requires […]
RLUSD, a stablecoin by Ripple Labs, is pegged to the US dollar, ensuring a 1:1 value backed by cash or equivalents.
The capital will be used to expand BVNK’s operations to San Francisco and New York City in 2025.
The investment round was led by Haun Ventures and included contributions from Coinbase Ventures and Tiger Global.
Binance, Crypto.com, Kraken and other crypto exchanges continue to list Tether’s USDT on their EU platforms weeks before the final MiCA deadline on Dec. 30.
Tether, the issuer of the world’s largest stablecoin by market cap, will provide its tokenization tech to Malta-based stablecoin firm StablR.
The crypto company behind USDT, the largest stablecoin, decided to shutter its own euro-pegged stablecoin and back smaller issuers that comply with the EU's MiCA regulations.
Xaman’s spike in user activity reflects a renewed interest in the XRPL ecosystem amid the ongoing XRP rally and anticipation of the RLUSD stablecoin launch.
Aave founder Marc Zeller has proposed new risk parameters on Polygon in response to plans to farm over $1 billion in stablecoin reserves.
The stablecoin will become broadly available to crypto users on the XRP Ledger and Ethereum networks beginning on Tuesday.
Ripple’s RLUSD stablecoin is set for its trading debut on Dec. 17 on platforms including Uphold, MoonPay, Archax and CoinMENA, the company said.
The protocol's governance token ENA rallied over the weekend as Donald Trump-affiliated World Liberty Financial invested in the token.
Ripple’s highly anticipated stablecoin, RLUSD, is set to launch in 2024, and the crypto community is buzzing with excitement. As the release date approaches, there are growing expectations, especially within the XRP community. While many are eager to get their hands on the new stablecoin, Ripple’s CTO, David Schwartz, has shared some important advice for …
Ethena Labs is set to launch its synthetic stablecoin, USDe, on December 16, 2024, with its market cap already reaching $5.73 billion. Unlike traditional stablecoins like USDT or USDC, USDe is designed as a yield-generating asset rather than just a transaction tool. USDe has quickly gained traction in the decentralized finance (DeFi) world, with its …
Coinbase said it will assess reenabling services for stablecoins that achieve MiCA compliance at a later date.
The Ripple CEO said the RLUSD listing would “be live soon” on exchanges after the New York Department of Financial Services approved the stablecoin.
The global stablecoin market has soared to a new high of $190 billion in November, breaking the previous record of $188 billion from April 2022. This marks an impressive 9.94% growth from October, the biggest monthly jump since November 2021. While stablecoins are rising, The U.S. Financial Services Oversight Council (FSOC) has issued its 2024 …
Pressure mounts on crypto exchanges operating in the country to comply with tighter rules to list stablecoins by the end of this year.
The company’s former chief strategy officer, Jonathan Levin, assumed the role of CEO and offered his thoughts to Cointelegraph on the future of the industry.