2024-11-5 09:58 |
Prominent cryptocurrency-focused firms like Kraken, Galaxy Digital, and Robinhood have joined forces to back the Global Dollar, a regulated yield-bearing stablecoin developed by stablecoin issuer Paxos.
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Paxos launches USDG, a new stablecoin on the Global Dollar Network, with support from industry giants and initial issuance in Singapore. The post Paxos Launches New Stablecoin with Kraken, Robinhood, and Other Crypto Firms appeared first on BeInCrypto.
2024-11-5 12:56 | |
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Robinhood, Kraken, and Paxos launch the Global Dollar Network with USDG, a compliant stablecoin offering yield incentives for adoption. The post Robinhood and Kraken launch new global stablecoin network with Paxos’s USDG appeared first on Crypto Briefing.
2024-11-5 01:41 | |
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The Global Dollar Network, whose participants will earn yield for helping foster adoption of USDG, also includes Anchorage Digital, Bullish, Galaxy Digital and Nuvei.
2024-11-5 01:00 | |
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Blockchain infrastructure company Paxos, in conjunction with Singaporean bank DBS, has introduced a new stablecoin known as Global Dollar (USDG). This development comes four months after Paxos secured approval to offer digital payment token services as a Major Payments Institution (MPI).
2024-11-3 22:00 | |
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Stablecoin issuer Paxos has announced a new token dubbed “Global Dollar” that is “substantively compliant with MAS’ upcoming stablecoin framework.” Digital assets company Paxos has launched a new stablecoin, Global Dollar (USDG), designed to meet stringent compliance standards set by…
2024-11-1 11:22 | |
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World Liberty Financial, the crypto venture launched by former President Donald Trump, is reportedly planning to develop its own stablecoin intended to serve as a stand-in for the US dollar. World Liberty’s Stablecoin Ambitions According to a Fortune report, the World Liberty team is currently focused on ensuring the financial product’s safety before its market […]
2024-10-29 00:19 | |
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Tether’s boss reiterated the stablecoin issuer’s interest in providing U.S. dollars to the unbanked billions worldwide and expressed expectations for favorable regulations. Tether (USDT) CEO Paolo Ardoino told DC Fintech Week attendees that the company sees U.S. crypto regulation improving…
2024-10-23 23:44 | |
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Ripple’s token has recovered after bottoming at $0. 5078 on Oct. 3 following the announcement of its new US dollar stablecoin. Ripple (XRP) was trading at $0. 5500, bringing its market capitalization to $31.
2024-10-21 17:01 | |
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Stablecoins pegged to the United States dollar have outpaced Bitcoin as a store of value in developing countries with runaway inflation.
2024-10-18 23:33 | |
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Brazil’s stablecoin market is experiencing explosive growth, significantly outpacing Bitcoin in transaction volume on local exchanges. This surge reflects an increasing preference for stablecoins in B2B cross-border payments, driven by the need for stable US dollar exposure amid local currency fluctuations.
2024-10-10 22:56 | |
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Paxos International has launched its yield-bearing stablecoin Lift Dollar on Ethereum layer-2 network Arbitrum. The UAE-based subsidiary of Paxos, regulated by Abu Dhabi’s Financial Services Regulatory Authority, announced the expansion of Lift Dollar (USDL) to Arbitrum (ARB) on Oct. 9.…
2024-10-9 18:43 | |
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Ethena Labs is launching a new stablecoin project fully backed by BlackRock’s Ethereum-based tokenized fund and Securitize. Synthetic dollar issuer Ethena (ENA) unveiled its UStb fiat stablecoin product, which is supported by the BlackRock USD Institutional Digital Liquidity Fund, known…
2024-9-26 18:10 | |
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Fran Stranar is the founder of Techemy Group and a core contributor to Stabull Labs, shepherding Stabull Finance, the capital-efficient Web3 Money Market. Stabull’s mission is to democratize the multi-trillion dollar FX and Commodities markets on-chain.
2024-9-19 02:51 | |
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Revolut might soon join Paypal and Ripple in stablecoin pursuit
2024-9-18 18:37 | |
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Stablecoins have seen explosive growth in the last four years, increasing from a $17. 6 billion market capitalization to $170. 6 billion. The number of holders has also skyrocketed from 3. 78 million to 119.
2024-9-18 00:29 | |
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Consumer advocacy group Consumers’ Research has released a report accusing Tether, the issuer of the USDT stablecoin, of being opaque and not conducting a full audit of its dollar reserves. Teather is accused of being non-transparent (again) Consumers’ Research analysts…
2024-9-14 19:06 | |
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The Sui blockchain is broadening its stablecoin offerings by adding Agora’s AUSD, following its earlier launches on Ethereum and Avalanche. Agora, a stablecoin company backed by Dragonfly, has launched its Agora Dollar (AUSD) stablecoin on Sui, the layer-1 blockchain network…
2024-9-5 17:00 | |
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World Liberty Financial (WLFI) — a DeFi project tied to members of former President Donald Trump’s family — responded to a wave of speculation on Sept. 4 with a series of tweets clarifying its DeFi strategy and confirming its collaboration with Aave.
2024-9-5 21:21 | |
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The RLUSD will be fully backed by U.S. dollar assets, tested with enterprise partners, and will operate on the XRP Ledger and Ethereum blockchain.
2024-9-5 11:12 | |
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Maker Protocol rebrands to Sky, renaming Dai stablecoin as Sky Dollar (USDS). MKR governance token upgraded to Sky (SKY) with a 1:24,000 conversion rate. Maker SubDAOs rebranded as Sky Stars, with Spark as the first live subDAO.
2024-8-27 16:02 | |
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Aave Labs proposed an update to its GHO Stability Module (GSM) on Aug. 26, which involves using BlackRock’s tokenized fund BUIDL’s shares to help maintain the dollar peg of its stablecoin.
2024-8-27 00:15 | |
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Customers of Mercado Libre digital bank subsidiary Mercado Pago will be able to buy and sell Meli Dollar with their Brazilian reais balances.
2024-8-22 21:56 | |
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Ripple top executive has taken part in Ripple's 'Crypto In One Minute' video, talking about stablecoins
2024-8-11 18:51 | |
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Decentralized stablecoin USDB, backed by DAI, has temporarily lost its peg to the U.S. dollar, dropping 6% in value. USDB, a decentralized stablecoin, has come under heavy pressure as its price in a moment dropped by as much as 6%…
2024-8-6 10:18 | |
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Terra (LUNA), one of the major cryptocurrencies, saw its value plummet by 100% due to the algorithmic stablecoin protocol TerraUSD (UST) losing its peg to the US dollar on May 13, 2022. By the end of the month that year,…
2024-7-4 18:06 | |
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The US SEC has raised concerns over the status of Circle’s stablecoin, USDC, as the company seeks to go public in a multi-billion dollar initial public offering (IPO), Barron’s reported on June 18, citing regulatory documents.
2024-6-19 01:47 | |
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The new synthetic dollar is the first step in the rollout of a real-world asset tokenization platform, said Tether.
2024-6-18 21:30 | |
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DAI struggled to maintain its dollar peg, with trading confined within a narrow range of the Bollinger Bands. Mixed indicators signaled ongoing stability struggles, without strong trends pushinThe post DAI struggles to reclaim $1 peg: Will the stablecoin succeed? appeared first on AMBCrypto.
2024-6-16 15:00 | |
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Ripple is set to introduce RLUSD, a stablecoin backed by the US dollar, on Ethereum and XRPL. Brad Garlinghouse called it "Real USD." The post Ripple to launch RLUSD stablecoin on Ethereum and XRPL this year appeared first on Crypto Briefing.
2024-6-14 21:19 | |
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Paxos International, a UAE-based affiliate of stablecoin issuer Paxos, has unveiled a new yield-bearing stablecoin dubbed Lift dollar (USDL). USDL will be the first stablecoin to offer eligible users across the globe the chance to bid for daily yield, with this available in wallets under regulatory oversight, the company announced on June 5. USDL is […]
2024-6-6 21:51 | |
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Paxos introduces the Lift Dollar in the UAE, offering a stablecoin with a daily yield aligned with US Treasury bonds. The post Paxos launches Lift Dollar, a rebased yield-generating stablecoin appeared first on Crypto Briefing.
2024-6-6 21:06 | |
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The new Lift Dollar (USDL) stablecoin launched by Paxos offers daily yield from US government securities. The USDL stablecoin is issued on Ethereum. Currently the new stablecoin is accessible in the UAE, Europe, UK, and Japan.
2024-6-6 20:42 | |
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USDL is issued in the UAE and regulated by the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM).
2024-6-7 19:30 | |
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Bitget, a prominent cryptocurrency exchange, and Web3 company is excited to announce the addition of Ethena Labs’ synthetic USDe as a margin option for coin-margined contracts. This new synthetic dollar will revolutionize trading options and offer users an incredibly versatile trading experience.
2024-6-5 14:45 | |
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Ethenas' synthetic dollar, USDE, quickly reached a $3 billion supply in just four months, showing strong demand for stablecoins in DeFi. With a market valuation of $3. 02 billion as of June 2, USDE is now the fourth-largest stablecoin.
2024-6-3 20:16 | |
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PayPal said it has expanded its US dollar stablecoin PYUSD to the Solana blockchain network to empower its users with fast, secure, and cheaper stablecoin transactions, according to a May 29 statement.
2024-5-30 19:30 | |
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Hex Trust launches USDX, the first native stablecoin on Flare, backed 1:1 against the US dollar and available for staking. The post Hex Trust launches first native stablecoin USDX on Flare blockchain appeared first on Crypto Briefing.
2024-5-23 13:37 | |
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Robert Kiyosaki, the author of the bestselling personal finance book “Rich Dad, Poor Dad,” has fired another financial warning shot, this time targeting the US dollar and a potential challenger – a gold-backed stablecoin from the BRICS nations (Brazil, Russia, India, China, and South Africa).
2024-5-14 22:00 | |
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2024-4-28 22:32 | |
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BRICS member nations plan to launch a stablecoin as an alternative to the US dollar for settling cross-border transactions. BRICS pushes de-dollarization with stablecoins The bloc, which includes Brazil, Russia, China, India, South Africa, UAE, Iran, Ethiopia, and Egypt, has debated using virtual assets for global settlement for a while.
2024-4-24 21:48 | |
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The value of the stablecoin Pax Dollar (USDP), issued by the Paxos Trust Company, experienced a surge to a high of $1.28, triggering the liquidation of $529,000 in USDC for a market participant. Like regular stablecoins, USDP is designed to…
2024-4-17 12:48 | |
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U.S. Senators Cynthia Lummis (R-Wyo.) and Kirsten Gillibrand (D-N.Y.) are taking another swing at crypto-specific legislation, with a narrowly tailored bill seeking to define how stablecoins – cryptocurrencies that maintain a value with some other asset, like the U.S. dollar – will operate in the U.S.
2024-4-17 12:00 | |
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Umoja partners with Merlin Chain to launch USDb, a unique Bitcoin-based synthetic dollar designed for high yield and stability. The post Umoja and Merlin Chain introduce Bitcoin-based USDb stablecoin appeared first on Crypto Briefing.
2024-4-17 18:58 | |
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In the constantly developing sphere of decentralized finance (DeFi), Octoblock has gained a reputation as a game-changer, where users can easily gain USDC, a stablecoin pegged to the US dollar, by holThe post USDC gains made easy with Octoblock DeFi Rewards appeared first on AMBCrypto.
2024-4-16 17:45 | |
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The two largest digital dollar providers have chosen different paths in dealing with a perceived lack of global clarity on stablecoin rules: Circle is looking to U.S. lawmakers to provide guidance, while Tether is taking a hands-on approach to tackling fraud and money laundering.
2024-4-16 12:30 | |
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Ethena Labs, the entity behind the USDe synthetic dollar, has released the asset’s first attestation report, which shows the stablecoin remained fully collateralized over the past week despite significant turbulence in the crypto market.
2024-4-16 22:09 | |
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Synthetic dollar developer Ethena Labs received the green light for a USDeFRAX liquidity pool with Frax Finance to diversify FRAX stablecoin yield.
2024-4-9 21:23 | |
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Ethena Labs’ synthetic dollar has surged to a $2 billion market cap less than two months after the protocol released its product on Ethereum’s public mainnet.
2024-4-6 21:20 | |
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Jeremy Allaire, the CEO of stablecoin issuer Circle, has welcomed Ripple’s entrance into the market. Earlier today, crypto firm Ripple revealed plans to launch a stablecoin that would be 100% backed by US dollar deposits, government bonds, and cash equivalents.
2024-4-4 18:29 | |
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MOVE, the native token of the Ethereum layer-2 blockchain Movement, experienced a significant price rally outpacing the broader crypto market, which remained on a downward trajectory. Movement (MOVE) recorded the highest gains among the top 100 largest crypto assets on…
Prominent cryptocurrency and stock trading platform Robinhood continued to expand its meme coin offering with the listing of Bonk. According to a Dec. 20 announcement, the Solana-based meme coin will now be accessible to over 24 million Robinhood users. BONK…
Spot Bitcoin exchange-traded funds in the United States recorded $680 million in outflows on Dec. 19 as Bitcoin fell below $96k amid the Federal Reserve maintaining a cautious outlook on future interest rate cuts. According to data from SoSoValue, the…
The United States Securities and Exchange Commission has approved two spot cryptocurrency index exchange-traded funds. On Dec. 18, the SEC greenlighted the crypto index ETF proposal from Franklin Templeton, allowing it to trade on the Cboe BZX Exchange. The following…
Cumulative activity of whales and Smart DEX showed that the buying activity has increased. Historical active addresses by profitability show most traders are profitable. Aave [AAVE] continueThe post AAVE worth $3.
WLFI teams up with Ethena to onboard sUSDe stablecoin, boosting DeFi ecosystem with dual rewards and strategic investments. The post Trump-backed World Liberty Financial adopts sUSDe stablecoin in DeFi expansion appeared first on Crypto Briefing.
Tether's investment in StablR could accelerate stablecoin integration in Europe, potentially reshaping the region's digital finance landscape. The post Tether invests in StablR to boost stablecoin adoption in Europe appeared first on Crypto Briefing.