XRP price slips as RLUSD market cap hits $53m, liquidations rise

XRP price retreated on Wednesday as a sea of red spread across the cryptocurrency industry ahead of the Federal Reserve’s decision. Ripple (XRP) dropped by over 5%, erasing most of the gains made on Tuesday after the RLUSD stablecoin launch. …

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Tether backs StablR to expand MiCA-compliant euro stablecoin offerings

Tether, the company behind the USDT stablecoin, made an investment in the European firm StablR. The investment comes as the European Union prepares to implement the Markets in Crypto-Assets regulatory framework on December 30, 2024.

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Ripple RLUSD Approval Sparks XRP Rally Amid Regulatory Milestone

Ripple’s XRP token rose more than 10% following the New York Department of Financial Services (NYDFS) approval of the company’s U.S. dollar-backed RLUSD stablecoin, according to announcements made by Ripple’s CEO, Brad Garlinghouse, on December 10.

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Ripple secures NYDFS greenlight to launch RLUSD stablecoin

Ripple CEO Brad Garlinghouse said the firm has secured approval from the New York State Department of Financial Services (NYDFS) to launch its Ripple USD (RLUSD) stablecoin. Garlinhouse made the announcement in a Dec.

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Plus Wallet Conquers Global Markets – MetaMask Teams with Space ID & Stripe Seals a $1.1 Billion Deal!

The cryptocurrency sector is witnessing pivotal developments within the stablecoin and digital wallet arenas. Stripe, a leading payment service, recently made waves by securing the stablecoin platform Bridge for an impressive $1.

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Stripe Boosts Crypto Game With $1.1 Billion Bridge Buyout

Stripe made a groundbreaking move as the online payment processing platform tries to position itself as a key player in the cryptocurrency space. The fintech company has reportedly bought the stablecoin platform Bridge in a landmark acquisition deal, a transaction that sent ripples across the cryptocurrency arena.

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Ripple Takes Major Step Toward RLUSD Stablecoin Launch By Announcing Key Exchange Partners

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Is France’s crypto je ne sais quoi no more?

Over the last decade, France has established itself as the ideal base for the world’s largest crypto businesses. Binance, Crypto. com and stablecoin issuer Circle all have made Paris their European headquarters.

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Philippines’ stablecoin PHPC debuts on Ronin sidechain

Developed by the Philippines’ crypto exchange Coins.ph, the PHPC stablecoin tied to the Philippine Peso has made its way to Ronin. PHPC, an Ethereum-based stablecoin created by Coins.ph, is now available on Ronin, enabling local blockchain game players to use…

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Circle CEO describes unprecedented optimism about the future of crypto

Circle CEO Jeremy Allaire said he has “never been more optimistic than right now” about the future of crypto in his 11 years leading the firm behind the USDC stablecoin. In a detailed social media post, Allaire outlined his reasons for this positive outlook, emphasizing the potential of crypto and the progress made over the […] The post Circle CEO describes unprecedented optimism about the future of crypto appeared first on CryptoSlate.

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Study Uncovers Surprising Data: 90% Of Stablecoin Transactions Not Driven By Human Users

In a recent report by Bloomberg, it has been revealed that more than 90% of stablecoin transaction volumes do not originate from genuine users, according to a new metric co-developed by Visa. Stablecoin Market Faces Data Reality Visa and Allium Labs have created a dashboard designed to filter out transactions initiated by bots and large-scale traders to isolate those made by real individuals.

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Binance converts assets of its SAFU insurance fund into Circle’s USDC

Crypto exchange Binance has made a notable reorganizational move for its billion-dollar SAFU insurance fund, with all the assets in it converting into the USDC stablecoin. Binance has announced a sudden update for its emergency insurance fund called SAFU, converting…

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USDC gains made easy with Octoblock DeFi Rewards

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.

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Uniswap integrates Blast Network, faster swaps and native yield for ETH and USDB

Uniswap, a leading decentralized exchange protocol, has made a significant move by integrating with the Blast network. This integration allows users to access faster and more cost-effective swaps and liquidity provisions while introducing native yield for Ethereum (ETH) and the USDB stablecoin.

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Tether adds 8,888 Bitcoins to its reserves, holding more than 75K Bitcoin

Stablecoin issuer Tether made headlines on March 31, as it acquitted 8,888 Bitcoin, valued at $618 million. The recent acquisition significantly boosts Tether’s reserves prior to the upcoming Bitcoin halving event.

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Coinbase to Significantly Benefit From $1.6B Transfer of MakerDAO's USDC, Analyst Says

A proposal to move the stablecoin assets was made by Coinbase in September and is nearing a final deadline.

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Tether Cuts Out Commercial Paper Holdings To Foster Trust

The stablecoin issuer Tether (USDT) has made good on its word to cut its exposure to riskier assets like commercial paper. The post Tether Cuts Out Commercial Paper Holdings To Foster Trust appeared first on BeInCrypto.

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This Tether update may finally bear some good results in the weeks to come

Tether, the firm behind USDT, the largest stablecoin made some key changes to its asset reserves. On 3 October, Chief Technology Officer (CTO) Paolo Ardoino informed the Tether community about the chaThe post This Tether update may finally bear some good results in the weeks to come appeared first on AMBCrypto.

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Celsius: Multiple state regulators move to stop stablecoin sale, details inside

Court filings made by the states of Texas and Vermont have become the latest developments in the Celsius bankruptcy saga.  State regulators from both states have filed separate motions, objecting The post Celsius: Multiple state regulators move to stop stablecoin sale, details inside appeared first on AMBCrypto.

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Is AAVE in a position to GHO-st to the top after a strong July

On 7 July, leading Decentralized Finance (DeFi) protocol AAVE announced plans to launch the network’s overcollateralized stablecoin - GHO. This decision was made subject to the community’s approvaThe post Is AAVE in a position to GHO-st to the top after a strong July appeared first on AMBCrypto.

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Tether to Hedge Funds Shorting USDT: Strategy Failed, ‘You Made no Profit’

Tether, issuers of the USDT stablecoin, criticized hedge funds for shorting the cryptocurrency saying that the bearish bets have failed to pay off and are not worth the huge amount of fees brought on by the strategy.

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TRON Just Had a Record-setting Month

TRON celebrated a record month of May, achieving multiple massive milestones in a few short weeks. Including USDD, the collateralized decentralized stablecoin on TRON. USDD made it onto CoinMarketCap’s top 100 only 16 days after its May 5 launch.

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Delphi Labs Wants to Shut Down DeFi Protocol Mars After TVL Tumbles 99% to $2.6M

A proposal has been made to shut down DeFi credit protocol Mars following the spectacular collapse of the UST stablecoin, and its sister token LUNA, last week. The post Delphi Labs Wants to Shut Down DeFi Protocol Mars After TVL Tumbles 99% to $2.6M appeared first on BeInCrypto.

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Terra – A ‘Pyramid Scheme’ – Threatens The Crypto Ecosystem, Billionaire Says

The cryptocurrency industry is currently digesting the rise and fall of Singapore-based Terraform Labs’ network token Terra (LUNA) and stablecoin TerraUSD (UST). Following the unexpected collapse of almost $45 billion in market value over the course of a week, much has been made about the project’s architecture, namely its supposedly defective algorithm, which was led […]

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Terra Beats Tesla As Second-Largest Corporate Bitcoin Holder After $1.5B Purchase

Terra’s commitment to filling up its coffers with Bitcoin has been solidified once more with another $1. 5 billion purchase. This is the fruit of a pledge that the project had made to buy more than $10 billion worth of BTC to serve as a reserve for its stablecoin, UST.

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Inside Terra’s $2.38 Billion Reserves, What Made The Lineup?

Terra (LUNA) has been aggressive about filling up its reserves with trusted cryptocurrencies to serve as a backup for its stablecoin UST. This has evolved over time to include a number of various cryptocurrencies that now make up its reserves sitting at $2.

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Crypto Biz: Stablecoins are serious business, Feb. 17–24

The stablecoin market continues to grow and diversify: Circle's USDC, Tether's USDT and Terra's UST all made headlines this week.

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Terra’s UST Becomes Default Stablecoin on Leading Avalanche-Based DEX

Pangolin has made Terra's UST its default stablecoin

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AdaSwap to Integrate COTI-Issued Djed Stablecoin, Exploring DEX Listing

Cardano-based ecosystem builder AdaSwap today announced a partnership with COTI’s Djed stablecoin and shared plans to integrate the same into the Cardano ecosystem. AdaSwap Allies with COTI to Integrate Djed In an announcement made on December 21, Cardano-based ecosystem developer AdaSwap that is slated to launch the network’s first decentralized exchange (DEX), stated it hasRead More

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WEF report shows how blockchains are changing humanitarian aid

What is a humanitarian stablecoin? Well, definitions vary but it broadly refers to donations and aid made possible by fintech platforms and fiat pegged crypto. A humanitarian stablecoin could mean insThe post WEF report shows how blockchains are changing humanitarian aid appeared first on AMBCrypto.

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SEC Sends an “Investigative Subpoena” to USDC Issuer Circle

The US Securities and Exchange Commission (SEC) sent an “investigative subpoena” to the issuer of USDC stablecoin Circle in July of this year, according to a filing. Circle made this disclosure as part of a filing about its plans to go public through a merger with the special purpose acquisition company (SPAC), Concord Acquisition Corp.

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Crypto Lender BlockFi Increases All Stablecoin Rates amidst Regulatory Pushback

After making a series of cuts in its interest rates for crypto holdings in 2021, crypto lender, BlockFi has finally made the first increase of this year. BlockFi, which sets the rates based on market dynamics for lending and borrowing, announced this week that starting October 1st, the company is raising increasing rates for all […] The post Crypto Lender BlockFi Increases All Stablecoin Rates amidst Regulatory Pushback first appeared on BitcoinExchangeGuide.

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Is Tether Pumping The Price Of Bitcoin?

There is a lot of noise about the legitimacy of the stablecoin Tether (USDT), with claims of “pumping the price of bitcoin” being made.

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Federal Reserve attorney and a Yale professor call for stablecoin supervision

Gary B. Gorton, a professor at Yale University, and Jeffery Zhang, a member of the Board of Governors of the Federal System, have proposed the supervision of stablecoins. They made this recommendation through a research paper, which they co-authored.

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US Warns of Dangers from $100 Billion Stablecoin Market

Regulators warn that stablecoins are not always as stable as users are made to… The post US Warns of Dangers from $100 Billion Stablecoin Market appeared first on Coin Journal.

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TrueUSD (TUSD) Stablecoin to Go Live on Tron Network Tomorrow

USD-backed ERC20 stablecoin TrueUSD (TUSD) would launch on Tron's TRC20 blockchain in two days. This was made known by Tron's CEO, Justin Sun, via Twitter. TrueUSD Finally Coming to Tron TrueUSD's decision to launch on the Tron network comes barely a month after the stablecoin launched on the Avalanche (AVAX) blockchain, an open-source platform specializing […] The post TrueUSD (TUSD) Stablecoin to Go Live on Tron Network Tomorrow first appeared on BitcoinExchangeGuide.

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Acala Network, Karura Receive Backing from Coinbase Ventures

Polkadot’s decentralized financial hub Acala today welcomed Coinbase Ventures into its rapidly expanding ecosystem. Coinbase Ventures Backs Acala and Karura for Polkadot DeFi In an announcement made on April 1, Acala Network – the decentralized financial hub and stablecoin of Polkadot that enables fast and easy to use or build financial applications – stated itRead More

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Solana (SOL) integrates Tether (USDT) tokens into its platform

The largest stablecoin by market cap Tether (USDT), is now available on the Solana (SOL) blockchain. After it was made known to the public, Solana (SOL) tokens increased by 16% to $16. 06 but have been corrected slightly.

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Flash Loan Attack Dupes Origin Protocol of $7 Million Funds, Investigation Underway

Another week, another flash loan attack on a yield-generating blockchain protocol. Origin Protocol Compromised In an announcement made earlier today, the Co-Founder of Origin Protocol, Matthew Liu told the Origin community that Origin Dollar (OUSD) – the yield-generating stablecoin on the protocol – had been hacked.

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Stellar to Become The Third Blockchain to Support Stablecoin USDC; Rolling Out in 2021

USDC is being added to the Stellar blockchain. The stablecoin, which was launched on the Ethereum network, was later added to the Algorand blockchain. The announcement was made on Thursday at the Stellar Development Foundation quarterly review event.

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Comptroller of the Currency reveals another ability of US banks

Brian Brooks, the acting US Comptroller of the Currency, recently made a massive crack in the US’ anti-crypto armor by allowing banks to offer crypto custody. Now, the Comptroller made another major announcement, noting that national banks and federal savings associations can hold reserve funds for stablecoin issuers.

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Stablecoin Issuer Tether To Move $1B In USDt From TRON To Ethereum; Total Supply Unchanged

In an announcement made on Monday, the stablecoin issuer stated the swap will be completed in two tranches, starting Tuesday, September 15. A tweet from the official page of Tether vaguely stated the swap will be completed by a Tier 1 exchange, which asked to perform the swap.

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Bitcoin Acting Like a ‘Stablecoin’ while Exuberance in Altcoins Looking ‘2016-2017’-ish

Bitcoin has surely made some moves, but 2020 so far is about altcoins, at least in terms of gains. As Binance CEO, Changpeng “CZ” Zhao said, “bitcoin feels like a stable coin to me. It's moving up so slowly.

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Ethereum ‘Flippens’ Bitcoin to Become the Most Used Blockchain

Increasing stablecoin use and the rise of DeFi has made Ethereum the most used blockchain.

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Tether's rise might threaten Bitcoin, Ethereum

Alongside Bitcoin, Tether has managed to remain relevant in the headlines in 2020 as the largest stablecoin asset made another jump in the industry. According to data, Tether is currently the third-laThe post Tether's rise might threaten Bitcoin, Ethereum appeared first on AMBCrypto.

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EOS-Based DeFi, Equilibrium, Adds Binance, Eosfinex to EOSDT Stablecoin Governance Council

According to official reports, the two companies joined the council alongside independent block producers, EOS Nation and EOS Cannon, to provide oversight over approval of contracts and amendments made on smart contracts on the EOSDT stablecoin blockchain.

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PAX Stablecoin Issuer Paxos Settles First US Equity Trade Using Blockchain

The first blockchain-based settlement of US equities was claimed by Paxos, the New York-regulated cryptocurrency startup, Instinet, the broker dealer owned by Nomura, and Credit Suisse. The announcement that the Paxos Settlement Service is live has been made on Wednesday.

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Tether (USDt) Adds Chainalysis KYT Tool to Improve Its AML Compliance

The famous stablecoin issuer Tether and the blockchain forensics company Chainalysis have closed a partnership for Tether to improve the tools that it uses against money laundering. The announcement that Tether will apply the token issuers’ Know Your Transaction tool from Chainalysis was made on Wednesday.

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265-Year-Old German Bank To Use Stellar’s Blockchain To Tokenize Securities With Bitbond

German Bank von der Heydt, which was established in 1754, made on Monday the announcement that it’s developing a special-purpose Euro stablecoin. The aim of this stablecoin will be to make tokenized securities private placements easier for investors.

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