Standard Chartered forecasts nearly 10x surge in stablecoin market to $2 trillion by 2028

The global stablecoin market could surge nearly tenfold to $2 trillion by the end of 2028. The massive growth will be driven by possible stablecoin legislation in the US. The report adds that rising stablecoin reserves would increase demand for the US dollar.

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Standard Chartered teams up with Animoca Brands to issue Hong Kong dollar-backed stablecoin

Standard Chartered, Animoca Brands, and HKT have formed a joint venture to apply for a Hong Kong dollar-backed stablecoin license. Standard Chartered‘s Hong Kong branch, crypto venture firm Animoca Brands, and HKT have teamed up to launch a joint venture…

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Tether partners with LayerZero to launch cross-chain stablecoin USDT0

Tether and LayerZero announced on Jan. 16 a joint effort to launch USDT0, a multichain version of the Tether USD (USDT) stablecoin. The Omnichain Fungible Token (OFT) standard, developed by LayerZero, will power the cross-chain transfers.

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Ripple and Chainlink team up to further RLUSD adoption

Ripple and Chainlink partner to bolster RLUSD adoption. RLUSD will leverage Chainlink’s standard to enhance the stablecoin’s utility and accessibility across DeFi. Ripple is teaming up with Chainlink to bring its recently unveiled stablecoin RLUSD to more users across the decentralized finance ecosystem.

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Ripple Aims to Boost RLUSD Stablecoin's DeFi Utility with Chainlink Standard

Chainlink will provide crucial pricing data for Ripple's U.S. dollar stablecoin on the Ethereum blockchain.

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Ripple USD (RLUSD) Is ‘Game-Changer’, SWIFT Veteran Says

Ripple has touted stablecoin as "gold standard" of regulatory compliance

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BitGo appoints ex-Silvergate president to oversee reward-bearing stablecoin

BitGo has appointed Ben Reynolds, former president of Silvergate Bank, as managing director to lead its stablecoin USD Standard. Global crypto custodian firm BitGo announced Reynolds’ appointment to oversee the growth and global adoption of its recently launched USD Standard…

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Ripple CEO Breaks Silence on Ripple USD (RLUSD) Stablecoin Ahead of Launch

Ripple's RLUSD stablecoin nearing its launch, with CEO Brad Garlinghouse aiming to establish it as gold standard for industry

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Hong Kong lists Standard Chartered, Animoca Brands as stablecoin sandbox participants

Hong Kong’s financial regulator has unveiled a list of its stablecoin issuer sandbox participants, including Standard Chartered and Animoca Brands. The Hong Kong Monetary Authority (HKMA) has announced the list of participants of the stablecoin sandbox, who can already start…

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XRP Ready For Massive Institutional Adoption Amid Ripple’s Latest Acquisition and Stablecoin Push

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Ripple Completes Standard Custody Acquisition, Appoints New Stablecoin Lead

Ripple has officially finalized its acquisition of Standard Custody & Trust Company, a regulated entity providing high-grade digital asset custody solutions. This acquisition, first announced earlier this year, has received the green light from all necessary regulatory bodies, including the New York Department of Financial Services (NYDFS), which oversees the operation of limited-purpose trust companies. […]

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Binance suspends support for USDC deposits and withdrawals via TRON

Crypto exchange Binance has announced it will cease support for USDC deposits and withdrawals via the TRC-20 standard. In a press release on Mar. 25, crypto exchange Binance revealed that it plans to discontinue support for USD Coin (USDC) stablecoin…

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The Standard - The decentralized stablecoin protocol

Joshua Scigala is founder of The Standard - a decentralized stablecoin protocol that enables users to lock up crypto and or physical gold to generate multiple fiat pegged stablecoins.

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International Standard Setters Publish Guidance on Stablecoin Regulations

The guidelines from the international organization of securities regulators and BIS’ global payments group set out arrangements for systemically important stablecoins.

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‘We’re already buying:’ Terra founder plans to obtain $10B BTC for reserves

Kwon also bullishly emphasized that its stablecoin TerraUSD backed by $10 billion-plus in BTC reserves will “open a new monetary era of the Bitcoin standard.”

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Fiat-backed Stablecoin EURST now available in BitGo Custody

EURST, a fiat-backed stablecoin based on the Ethereum network's ERC20 token standard, announces today that it is now available for custody in BitGo - BitGo is the leader in custody and security solutiThe post Fiat-backed Stablecoin EURST now available in BitGo Custody appeared first on AMBCrypto.

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Fiat-Backed Stablecoin EURST Announces Public Launch

EURST, a fiat-backed stablecoin based on the Ethereum network’s ERC20 token standard, has announced it will be available for public use. This comes on the heels of its successful soft launch.

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Blockchain Firm Paxos Renames Paxos Standard (PAX) Stablecoin to Pax Dollar (USDP)

Blockchain infrastructure firm Paxos has announced the rebranding of its stablecoin from Paxos Standard (PAX) to Pax Dollar (USDP). USDP Would Transform Global Payments Paxos move to rebrand is part of its plan to distinguish itself from other stablecoin operators.

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Paxos adopts Chainlink oracles to further adoption of PAX and PAXG tokens

Paxos, a crypto brokerage and infrastructure platform, today announced it is now working with Chainlink to leverage its market-leading decentralized oracle network. This will boost the adoption of the USD-backed stablecoin Paxos Standard (PAX) and the gold-backed token PAX Gold (PAXG) within the Decentralized Finance (DeFi) ecosystem—a parallel financial system built on the blockchain which allows […] CryptoNinjas.

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Chain Swap: Tether Moves 1 Billion USDT from Tron to Ethereum Amid the DeFi Frenzy

Tether, the stablecoin provider, has moved 1 billion USDT coins from the Tron blockchain to Ethereum’s ecosystem which has been burgeoning, given the increased activity in DeFi. Basically, the whole process involves a swap from the TRC20 token standard to ERC20; an initiative that was coordinated together with a 3rd party according to the Twitter […]

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Lesser-Known Exchange Inflates Paxos Standard Daily Trading Volume to Record Highs

While it seems Paxos Standard (PAX) experienced a sudden surge in trading volumes, the stablecoin’s own issuer questions that very data.

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Tether’s USDT Goes Live on Algorand

Tether has launched a version of its dollar-pegged stablecoin (USDT) on Algorand, representing the first significant use of Aglorand’s Standard Asset (ASA) specification. The news was revealed in an announcement...The post Tether’s USDT Goes Live on Algorand appeared first on Cryptocurrency News.

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Tron-Based Tether Has Ballooned to Over 900 Million Tokens, Almost 22% of Total Supply

Since Tether’s (USDT) migration to other networks beside the BTC-based Omni protocol, significant shifts have taken place seeing the heavily-printed stablecoin rise to prominence also via Ethereum’s ERC20 standard and Tron’s TRC20 implementation.

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$8M Worth of Stablecoin PAX Surprisingly Just Minted

A relatively rare event, it has been reported that $8M of Paxos Standard (PAX) was just minted at PAX Treasury. For the first time in a while, the PAX Treasury is minting another batch of tokens which will soon be entering the market.

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Spend.com app partners with Paxos enabling easier crypto payments

CryptoNinjas - Bitcoin, Cryptocurrency & Blockchain Asset SourceSpend. com, a crypto payment ecosystem, today announced a partnership with Paxos, a regulated Trust company, which operates itBit, a bitcoin exchange with oversight from the New York Department of Financial Services (DFS).

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Dukascopy’s Dukascash Stablecoin Adds Five Pegged Fiat Currencies; CNY+, GBP+, JPY+, MXN+, RUB+

Ever since Tether (USDT) launched its stablecoin and achieved some success in pegging its value to fiat currency, several companies are trying to take its place. True USD (TUSD), USD Coin (USDC), Paxos Standard (PAX) and other names easily come to mind when we talk about this. Now, a new company is trying to get […]

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Dark-Horse Trump Rival Pumps Crypto, Aims to Make US a Bitcoin Nation

By CCN: Far from a first, California Democrat Rep. Eric Swalwell is accepting Bitcoin donations for his dark-horse bid to knock off Donald Trump in the 2020 presidential election. More significantly, the bombastic congressman wants to usher in a blockchain revolution after he vanquishes Trump from the White House.

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Paxos Standard’ PAX Stablecoin Cryptocurrency is Now Redeemable Instantly

Paxos has been going ahead to revamp its current platform to be able to solve some of the issues and the biggest headache that is within the stable coin community. The Paxos Standard, PAX, is issued by Paxos, and they have gone ahead to announce that they have made it possible for PAX to be […]

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Paxos (PAX) stablecoin now available on Kyber Network

CryptoNinjas Kyber Network, a liquidity protocol for cryptocurrency markets, has announced that the Paxos Standard (PAX) stablecoin is now available on Kyber Network, with liquidity through the Prycto Reserve.

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Paxos Stablecoin To Launch On Ontology Blockchain

Ontology has just announced its collaboration with Paxos to launch its stablecoin atop the enterprise-oriented blockchain. According to the partnership’s press release, Paxos Standard will be built on Ontology’s OEP-4 protocol, and will enable atomic swaps of the dollar-valued tokens between Ontology’s main blockchain and all other chains on  its network.

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Paxos is All Set to Issue $100 Million of PAX Stablecoins on Ontology Blockchain

Coinspeaker Paxos is All Set to Issue $100 Million of PAX Stablecoins on Ontology BlockchainPaxos Standard (PAX) stablecoin is to become available on the Ontology’s blockchain network in May to facilitate fiat transactions.

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Ontology (ONT) Enterprise Blockchain Ready To Release Paxos (PAX) Stablecoin On Its Network

Ontology (ONT) is expecting to be launching a version of the stablecoin Paxos Standard (PAX) on its blockchain. The information was released by the blockchain network and project in a recently published press release.

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Ontology to Launch Regulated USD-Backed Stablecoin PAX on its Blockchain

A new version of the USD-backed stablecoin Paxos Standard will be launched on the enterprise blockchain platform Ontology

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Multi-chain project Ontology launching support for Paxos (PAX) stablecoin

CryptoNinjas On Friday of this week, Ontology, a public blockchain project, and a distributed trust collaboration platform, announced its plans to launch Paxos Standard (PAX) a regulated USD stablecoin, on the Ontology blockchain.

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Life Without Dollars: A New, Lasting StableCoin Solution is Needed Because the USD Won’t Rule Forever

Since the whittling away of the power and stability of the gold standard in, depending on where you're from (1925 in the UK to 1971 if you're in the USA) and its replacement with a system of tethered trust in the government responsible for the issuance of the currency (Bank of England – UK and […]

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‘Up to 100 Million’ Paxos Stablecoins to Be Issued on Ontology Blockchain

Ontology is to launch the Paxos Standard stablecoin, a regulated token backed by U.S. dollars, on its blockchain.

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Amid NY Lawsuit Against Bitfinex And Tether, $10 Million In Paxos Standard (PAX) Stablecoin Printed

Amid NY Lawsuit Against Bitfinex And Tether, Paxos Launches $10 Million In Stablecoins Yesterday, The Block reported on a lawsuit initiated by the NY Attorney General against Bitfinex and Tether. Over the course of a 23-page document, the filing explains that the office believes that Bitfinex has been allowing traders in New York to trade, […]

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Tether (USDT) Still Dominates the Crypto Market, Maintaining as Most Popular Stablecoin Choice

During the crypto winter of 2018, we saw the rise of numerous stablecoin such as DAI, USD Coin (USDC), TrueUSD (TUSD), Paxos Standard (PAX), and Gemini Dollar (GUSD) among others. However, despite this, Tether maintains its dominant position in the crypto market.

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USDDex Company: Safe to Use ERC20 StableCoin Pegged to the US Dollar?

What Is USDDex? USDDex is a New Stablecoin based on Ethereum ERC-20 standard. It provides users with decentralization, security, stability, and reliability in the volatile cryptocurrency market. The stable coin is pegged to the US dollar, thus providing traders with the opportunity to change their money into cryptocurrency without the risk of price fluctuations, as is […]

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New ERC-20 Stablecoin Generates up to 45% Profit to Crypto Investors

USDDEX, a Japan-based blockchain project, has announced that the token sale event for its USDDEX decentralized ERC-20 standard stablecoin reportedly pegged at 1:1 with the United States dollar will begin on March 19, 2019, and there’s a 45 percent bonus for all contributors, according to a press release shared with BTCManager on March 18, 2019.

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You Can Soon Check TrueUSD Reserves In Real Time

Tether may still be the stablecoin standard, but it has rivals in the race for transparency. TrustToken is celebrating the one-year anniversary of TrueUSD with a set of new standards for the third-largest stablecoin—including the ability to verify dollar reserves in real time.

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TRON To Integrate Tether Stablecoin

TRON (TRX) has announced plans to add support for Tether (USDT), in a “significant milestone”  that is expected to improve the platform’s overall liquidity, and make it viable for corporate and institutional users.

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Binance Expands its Stablecoin Pairs with USDS/USDT, USDS/PAX, USDS/TUSD and USDS/USDC

In the world of crypto-trading, there are two schools of thought when it comes to the role played by stablecoins. The first group of traders welcome the idea of stablecoins such as Tether (USDT), True USD (TUSD), Paxos Standard (PAX) and more.

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Paxos Standard (PAX) Stablecoin Exceeds $5B Trading in Three Months

The young stablecoin is making the rounds as it starts grabbing market share from its competition.

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Bitfinex and Ethfinex Now Support Every Major Stablecoin

Bitfinex and Ethfinex users will now be able to trade in all six major stablecoins available in the market. The platforms were already providing Tether and DAI for trading. The four newly added stablecoins are USDC, Paxos Standard Token, Gemini Dollar and True USD.

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Bitfinex Gives Tether Competition, Adds Four of Market’s Top Stablecoins

Cryptocurrency exchanges Bitfinex and Ethfinex now support trading for all six of the market’s major stablecoins. Adding to its support for MakerDao’s Dai and Tether’s USDT, the sister platforms recently listed USD Coin (USDC), TrueUSD (TUSD), Paxos Standard Token (PAX) and Gemini USD (GUSD).

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Binance Plans To Add Paxos Standard Token (PAX) Base Pairs Into New USD

Binance Plans To Add PAX Base Pairs Binance announced a short while ago that they would add these pairs at 1:00 PM UTC on November 29, 2018, with PAX as the base into the stablecoin market: XRP/PAX, BTC/PAX, BNB/PAX, ETH/PAX, XLM/PAX, and EOS/PAX However, once the new pairs are added, all the existing pairs of […]

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Binance Adds Two Month-Old Paxos (PAX) As Base Currency

Binance has added the stablecoin Paxos (PAX) as its latest base currency. The popular cryptocurrency exchange chose the asset because it was regulated and fully-collateralized. Binance announced earlier today that the Paxos Standard Token, which only launched two months ago, would become the fifth base currency on its servers.

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BitPay Integrates PAX Stablecoin Into Cryptocurrency Payment Platform

Bitcoin payment platform BitPay is now going to allow payments with the Paxos Standard token (PAX), which it calls “the fastest growing stablecoin and the highest trading volume of any U.

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