Circle Launches 2-Phase Solana Integration With Major New Features

Peer-to-peer payments company and stablecoin (USDC) issuer Circle has announced its integration with the Solana (SOL) blockchain, bringing several important new features to its Web3 services.  According to Wednesday’s announcement, the strategic move will enable Circle to offer programmable wallets and gas stations and allow developers and businesses to build and launch on-chain applications. Advantages […] дальше »

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Paxos cuts 20% of workforce amid strong financials due to ‘de-prioritizing adjacencies’

Stablecoin issuer Paxos downsized its workforce by 20% despite robust finances and optimistic growth projections in the stablecoin market, Bloomberg reported on June 12. In an email that notified employees of the change, Paxos CEO Charles Cascarilla said the staff reduction will allow the company to “best execute on the massive opportunity ahead in tokenization […] The post Paxos cuts 20% of workforce amid strong financials due to ‘de-prioritizing adjacencies’ appeared first on CryptoSlate. дальше »

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Stablecoin issuer Paxos cuts 20% of workforce: report

Paxos has reportedly laid off roughly 20% of its staff, with this decision communicated to the affected employees via email on Tuesday. Crypto publication The Block reported on Wednesday that Paxos co-founder and CEO Charles Cascarilla wrote to employees to… дальше »

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Ripple to launch RLUSD stablecoin on Ethereum and XRPL this year

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. дальше »

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Ripple анонсировала стейблкоин RLUSD

Компания Ripple Labs представила стейблкоин Ripple USD (RLUSD), обеспеченный американским долларом. Согласно релизу, выпуск актива на рынок ожидается позднее в 2024 году. Introducing Ripple USD (RLUSD): A 1:1 USD-backed stablecoin, offering transparency and stability on the XRP Ledger and Ethereum. дальше »

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Ripple One Step Closer to Stablecoin Launch With Ticker Reveal

Ripple vice president shares latest update on stablecoin дальше »

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Stablecoin act gives Congress alternative to overriding Biden’s SAB 121 veto

President Joe Biden’s veto of the SAB 121 repeal was a blow for the crypto community. Can the U.S. Congress override the veto with broad bipartisan support? дальше »

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Tether Unveils $1 Billion Warchest For Deals And Investments In Key Markets

Stablecoin issuer Tether and its investment arm, Tether Investments, have revealed their intention to allocate more than $1 billion to various investment opportunities over the next 12 months.  According to a Bloomberg report, Paolo Ardoino, Chief Executive Officer behind the USDT stablecoin, shared insights into the company’s next investment strategies and areas of focus in […] дальше »

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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. […] дальше »

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MiCA could propel euro-backed stablecoins in the Eurozone: Kaiko report

MiCA's upcoming standards are set to reshape the stablecoin market, with Euro-backed options gaining traction in Europe. The post MiCA could propel euro-backed stablecoins in the Eurozone: Kaiko report appeared first on Crypto Briefing. дальше »

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Stablecoin Issuers Want to Give Something Back in Multi-Trillion-Dollar Market Race

Amid a new generation of yield-bearing stablecoins, PayPal is confident in its purely payments-focused PYUSD. дальше »

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XRP ETF a Matter of ‘When’ Not ‘If’ as Ripple Aims to Ride $3 Trillion Stablecoin Market Potential

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Decline in crypto-margined futures signals shift towards stable collateral

Onchain Highlights DEFINITION: The percentage of futures contracts open interest that is margined in the native coin (e. g. , BTC) and not in USD or a USD-pegged stablecoin.   Bitcoin’s futures market is undergoing a notable shift, as reflected in the declining percentage of crypto-margined futures open interest across all exchanges. дальше »

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USDV wants to be native on more chains than any other stablecoin

The following is a guest post from Christina Comben. With a current market cap of just over $20 million, you’d be forgiven for not having heard of Verified USD (USDV). The newcomer in the stablecoin market soft-launched on Ethereum in November 2023 and is steadily rolling out its native omnichain capabilities to further ecosystems. дальше »

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XRP, SEC, and disclosures - Here's what this court's ruling means

SEC's Final Rule regarding disclosure requirements vacated by U.S Court of Appeals for the Fifth Circuit Ripple expects XRP ETF launch and new stablecoin amidst an ongoing legal battle with theThe post XRP, SEC, and disclosures - Here's what this court's ruling means appeared first on AMBCrypto. дальше »

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Ripple Fully Ready to Launch Stablecoin: Middle East and Africa Managing Director

Ripple's top executive has clarified why company expects its future stablecoin to succeed on market дальше »

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ECB rate cut could spur Bitcoin and stablecoin growth in Eurozone, experts highlight

ECB's rate cut to 3.75% could indirectly benefit Bitcoin and stablecoins in the Eurozone, as investors may turn to crypto for higher returns. The post ECB rate cut could spur Bitcoin and stablecoin growth in Eurozone, experts highlight appeared first on Crypto Briefing. дальше »

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U.S. Crypto Regulations Are Moving Against a CBDC and Non-Compliant Stablecoins Like Tether: JPMorgan

Out of four recent crypto regulatory initiatives, the stablecoin bill has the highest chance of being passed before the U.S. presidential election, the report said. дальше »

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Bitcoin Miner Bitdeer to Buy ASIC Chip Designer Desiweminer for $140M in All-Stock Deal

Bitdeer received an investment worth $150 million from stablecoin company Tether at the end of last month. дальше »

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Paxos International to issue regulated interest-paying stablecoin

The international arm of New York-based Paxos will issue a U.S. dollar-pegged stablecoin that will not be available in the United States. дальше »

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Paxos launches yield-bearing stablecoin Lift Dollar (USDL)

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 […] дальше »

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Ripple President Says XRP ETF Would Make a Lot of Sense

Ripple President Monica Long claims that the company's much-hyped stablecoin is likely to launch this year дальше »

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Paxos launches Lift Dollar, a rebased yield-generating stablecoin

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. дальше »

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Paxos launches Lift Dollar (USDL), a unique overnight yield generating stablecoin

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. дальше »

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Paxos Unveils Yield-Generating Stablecoin Lift Dollar

USDL is issued in the UAE and regulated by the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM). дальше »

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Solana Hits $1.5 Billion in Stablecoin Inflows as SOL Price Rises 246%

Solana stablecoin has recorded positive flows since December 7, reaching $1.5 billion. Weekly inflows have also soared to $5.8 million. The post Solana Hits $1.5 Billion in Stablecoin Inflows as SOL Price Rises 246% appeared first on BeInCrypto. дальше »

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Ripple president: Stablecoin likely this year

Ripple president Monico Long said the XRP issuer is likely to enter the $161 billion stablecoin market before this year’s close.  дальше »

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M^0 secures $35M Series A round for stablecoin issuance network

As part of the fundraising, M^0 has deployed its core protocol and on-chain governance mechanism on the Ethereum mainnet.

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Crypto firms on alert after Tether CEO Paolo Ardoino warns of email list breach

Paolo Ardoino, the CEO of stablecoin issuer Tether, warned on June 5 about a potential security breach involving an unnamed crypto mailing list provider. In a post on the social media platform X (formerly Twitter), Ardoino stated that his firm had received two independent confirmations suggesting a prominent vendor responsible for managing mailing lists for […] The post Crypto firms on alert after Tether CEO Paolo Ardoino warns of email list breach appeared first on CryptoSlate. дальше »

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Multicoin, Coinbase Ventures Invest in Latin American Stablecoin-Powered SuperApp El Dorado

Stablecoin adoption is soaring in the region as many people turn to the crypto tokens as a shield against currency devaluation and cheap remittances. дальше »

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Bitget Expands Trading Horizons with USDe Stablecoin for Coin-Margined Contracts

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. дальше »

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Bitget Broadens Trading Horizons with USDe Stablecoin for Coin-Margined (Coin-M) Contracts

Victoria, Seychelles, June 4th, 2024, Chainwire Bitget, the world’s leading cryptocurrency exchange and Web3 company, is thrilled to announce the integration of Ethena Labs’ synthetic USDe as a margin option for coin-margined contracts. дальше »

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Binance Announces Major Changes To Stablecoin Access In Europe From June 30

Binance, one of the world’s leading cryptocurrency exchanges, has recently announced significant changes to its stablecoin regulations in Europe.   Starting from the end of June, Binance will begin restricting access to “unauthorized” stablecoins in compliance with the new MiCA stablecoin rules across the European Economic Area (EEA). дальше »

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Why is Notcoin up 300% over the past week?

Notcoin became the fifth-most traded cryptocurrency on Monday, beating the trading volume of Circle’s USDC stablecoin, as social interest continues to drive its price action. дальше »

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BlockDAG’s Latest Keynote Spurs Growth as $30 Forecasts Strengthen Amid Bonk and PayPal Developments

Crypto adherents are gravitating towards BlockDAG (BDAG), bolstered by an impressive $40.8 million in presale funding following the success of its Keynote 2. As BlockDAG’s keynote video captures widespread attention, Bonk’s price forecast hints at potential record highs, and PayPal’s integration of a stablecoin on Solana promises to revolutionize transaction speeds and costs. BlockDAG’s presale […] дальше »

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$1 XRP Price Nigh as Ripple’s Move To Become Stablecoin Giant Proves Weighty with Whales Moving Millions

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Ethena’s USDe Hits $3 Billion Supply in Four Months, Surpasses FDUSD

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. дальше »

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Tether Makes Major Move Into Bitcoin Mining With $100 Million Investment In This Firm

In a significant development, Tether, the issuer of the widely used stablecoin USDT, has acquired a $100 million stake in Bitdeer Technologies Group, a US-listed Bitcoin miner owned by Chinese billionaire Jihan Wu. дальше »

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Stablecoins see $846 billion in on-chain trades in May

PyUSD is now the tenth-largest stablecoin by market cap and registered a 21% growth in April. The post Stablecoins see $846 billion in on-chain trades in May appeared first on Crypto Briefing. дальше »

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Bitdeer gains $150 million from Tether for ASIC-based mining rig development

Stablecoin issuer Tether has entered into an agreement to acquire up to $150 million worth of shares from prominent Bitcoin mining firm Bitdeer via a private placement deal, according to a May 31 statement. дальше »

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Consensus 2024: Ripple CEO talks stablecoins, DC shift, ETFs

Ripple CEO Brad Garlinghouse said there’s a massive shift in DC’s crypto perspective, and regulations could catalyze an inevitable stablecoin market boom. дальше »

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Tether asserts almost 75% dominance in stablecoin market

Quick Take According to Glassnode data, the stablecoin market continues to grow, with the combined market capitalization of the top five stablecoins surpassing $150 billion. Leading the pack is Tether (USDT), which alone boasts a market cap of $112 billion — solidifying its dominance with nearly 75% market share, a level not seen since January […] The post Tether asserts almost 75% dominance in stablecoin market appeared first on CryptoSlate. дальше »

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Chainlink and Circle partner to enhance stablecoin utility for institutions

Chainlink and stablecoin issuer Circle are partnering to help expand the use of stablecoin across enterprise institutions, according to a press release published May 30. The partnership will enhance the utility of tokenized assets, with developers and businesses tapping into Chainlink industry-standard services and Circle’s USDC and EURC stablecoins. дальше »

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Chainlink and Circle team up to boost DeFi usability and cross-chain USDC

Chainlink and Circle partner to advance DeFi by integrating stablecoin technology with decentralized oracle services for developers. The post Chainlink and Circle team up to boost DeFi usability and cross-chain USDC appeared first on Crypto Briefing. дальше »

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Ripple Donates $100K to Victims of Brazil Floods, PayPal's Stablecoin Goes Live on Solana, Mastercard Issues New Crypto Announcement: Crypto News Digest by U.Today

U.Today's daily news digest keeps you informed of the most important updates in the crypto industry дальше »

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TrueUSD’s crashes 79% following Binance delisting

Stablecoin TrueUSD (TUSD) affiliated with Justin Sun lost nearly 80% in market capitalization after crypto exchange Binance removed several trading pairs with it. TrueUSD (TUSD), a stablecoin issued by the TrustToken platform, which currently operates as Archblock, declined by 78.9%… дальше »

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Native Stablecoins Swell on Sui as Agora Adds AUSD Stablecoin to Network

Agora brings to Sui an exceptional blend of technology, financial markets, and operations experience paired with blue-chip traditional finance partners and backers. дальше »

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Just in: PayPal’s stablecoin PAYUSD goes live on Solana (SOL)

PayPal revealed that it has launched its PayPal USD (PYUSD) stablecoin on the Solana (SOL) blockchain. The move aims to ensure cheap and faster transaction settlement for PYUSD users. “The Solana blockchain is known for processing massive amounts of transactions at high speeds with extremely low costs, providing significant benefits for commerce use cases.” PYUSD will […] дальше »

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PayPal Expands PYUSD to Solana Blockchain

PayPal's stablecoin, PYUSD, now operates on Solana, benefiting from its fast, low-cost transactions and expanding usability in finance. The post PayPal Expands PYUSD to Solana Blockchain appeared first on BeInCrypto. дальше »

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PayPal banks on Solana’s stablecoin dominance to bolster PYUSD adoption

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. дальше »

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