Binance makes strides in Japan despite these legal setbacks in the West

Binance Japan could launch stablecoins in the region in collaboration with MUTB MUTB is the subsidiary of the financial giant - Mitsubishi USJ Financial Group Binance - the world's largest cThe post Binance makes strides in Japan despite these legal setbacks in the West appeared first on AMBCrypto. дальше »

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North Korean Lazarus Group amasses over $40M in Bitcoin, data reveals

The North Korean hacking collective has at least $47 million in cryptocurrency, including Bitcoin, Ether, BNB and various stablecoins, including Binance USD. дальше »

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CRV Spikes 22% In 2 Weeks As Whale Withdraws From Binance

CRV, the native currency of Curve Finance, the decentralized exchange focused on stablecoins, is shaking off August’s weakness and printing higher highs when writing on September 22. Trackers reveal that CRV is up 22% in the past two weeks, adding 10% in the last week alone. дальше »

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Tether’s Co-Founder Expresses Doubt Over PayPal’s Foray Into Stablecoins, Predicting A Dearth Of Innovation

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Stablecoin Market Cap Declines for 18th Consecutive Month

The market capitalisation and exchange trading volumes for stablecoins have declined amid uncertain macro conditions. The post Stablecoin Market Cap Declines for 18th Consecutive Month appeared first on BeInCrypto. дальше »

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Stablecoin exodus: Why are investors fleeing crypto’s safe haven?

Stablecoins have seen a 17-month decline as investors move to traditional assets. What needs to happen for the exodus to stop?

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Changing stablecoin dynamics pique investor interest

Stablecoin market cap fell to $124 billion as of 18 September, the lowest since August 2021. While BUSD was in its final phase, the market braced for the rise of FDUSD.  Stablecoins have reThe post Changing stablecoin dynamics pique investor interest appeared first on AMBCrypto. дальше »

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EU Parliament research recommends non-EU nations tighten crypto regulation

Potential implications around financial stability, lower market appeal and mainstream use of stablecoins were the main concerns highlighted by the author of the report. дальше »

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Will HBAR's short-term act overshadow Hedera's long-term goals?

Hedera unveils its long-term (5-year) strategy which includes the use of stablecoins to reach unbanked regions. HBAR’s short-term outlook remains bleak due to weak demand despite improving loThe post Will HBAR's short-term act overshadow Hedera's long-term goals? appeared first on AMBCrypto. дальше »

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Binance executive flags potential EU stablecoin removal amid MiCA uncertainty

Ahead of the forthcoming enforcement of the European Union’s Markets in Crypto Assets (MiCA) legislation, a top Binance representative is sounding the alarm about potential large-scale removals of stablecoins from the exchange. дальше »

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Binance could delist multiple stablecoins as MiCA takes effect next year

Key takeaways A Binance executive has warned that the exchange could delist multiple stablecoins soon. The delisting will be fueled by the EU’s MiCA regulation taking effect next year. Binance to delist  multiple stablecoins A Binance executive has warned that the cryptocurrency exchange could delist multiple stablecoins from its platform. дальше »

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PayPal’s PYUSD Report Provides Valuable Insight Into The Stablecoin’s Performance So Far

A new report has shown that the adoption of PayPal’s PYUSD stablecoin has seen less than favorable adoption rates since its inception. The crypto community remains skeptical about employing the new stablecoin for daily crypto payments and has opted for top competitor stablecoins like USDT and USDC. дальше »

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Circle director sees potential in EU payment rules for stablecoins

Patrick Hansen, Director of E. U. Strategy and Policy at Circle, said the planned review of E. U. ’s payment rules would significantly benefit stablecoins, granting issuers access to the central bank payment systems, according to a Sept. дальше »

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Stablecoin supply down below $125 billion as capital continues to leak from crypto

Key Takeaways The total supply of stablecoins has fallen every month since UST collapsed in May 2023 Last month saw another $1.7 billion of outflows, the total supply now 33% off its peak Tether’s market share has increased amid stuttering rivals, but all other coins have seen large drawdowns Liquidity and volume in the space […] The post Stablecoin supply down below $125 billion as capital continues to leak from crypto appeared first on CoinJournal. дальше »

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Stablecoins Outshine Mastercard and PayPal in Transaction Volume

Over the past 3 years, altcoins have shown better performance than traditional payment networks like Mastercard, PayPal, or Visa, according to cryptocurrency analyst Chris Burniske. Chris Burniske, the co-founder of Placeholder, a New York-based venture firm specializing in crypto assets, explains that despite the bear market experienced by cryptocurrencies in 2022 after the collapse of […] дальше »

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Decentralized stablecoins could dominate crypto: MakerDAO founder

MakerDAO’s Rune Christensen says appropriate regulation will see stablecoins become mainstream, but the real opportunity is in decentralized stablecoins. дальше »

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Ripple expands Liquidity Hub to Brazil and Australia

Ripple’s Liquidity Hub has now expanded to Australia and Brazil, with users able to tap into the platform to manage their crypto liquidity. The Liquidity Hub also now supports USDT and USDC stablecoins. дальше »

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Total supply of stablecoins at two-year low amid capital exodus

The exodus of capital out of the cryptocurrency space over the past two years can be well summed up by examining the stablecoin market.   Given stablecoins’ central role in liquidity across the ecosystem, being the prime avenue through which investors enter and exit cryptocurrencies, the dropoff in the total supply speaks volumes. дальше »

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Hedera unveils open-source toolkit for stablecoin developers

With the SDK, Hedera wants to bring more stablecoin applications, sparing developers from blockchain hurdles. Hedera, an open-source, leaderless proof-of-stake network, is set to compete with blockchain giants like Ethereum (ETH) in deploying stablecoins with a new toolkit. In a… дальше »

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Paxos mistakenly paid over $500k for one Bitcoin transaction

Blockchain infrastructure platform Paxos is said to be behind what appears to be the largest fee paid for one Bitcoin transaction. Paxos, a New York-based regulated blockchain firm behind stablecoins PYUSD, BUSD and USDP, appears to be the entity that… дальше »

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Hedera Hashgraph unveils Stablecoin Studio: HBAR price pops

Hedera Hashgraph (HBAR) has unveiled a new product aimed at financial services companies. In a statement, the developers launched Stablecoin Studio, a suit of products that will help these firms launch and scale their stablecoins. дальше »

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How stable are stablecoins?

Amidst the rollercoaster of cryptocurrency prices, stablecoins promise stability. Yet, with varying levels of resilience and recent depegging events causing concern, the question arises: Are all stablecoins really that stable? дальше »

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Stablecoin holders can earn 8.5% annually on USDC, USDT via Ledn Growth Accounts

Crypto lending firm Ledn announced on Sept. 12 that its interest-bearing Growth Accounts now support both of the crypto market’s leading stablecoins. Mauricio Di Bartolomeo, Co-Founder and CSO of Ledn, said:  “We have listened to the industry’s demand for a new way to earn yield in a safer and more transparent manner …  Ledn’s USD […] The post Stablecoin holders can earn 8. дальше »

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Web3 Wallet App Kresus Unveils Zero Network Fee Cashouts For USDC Holders

Users will be able to withdraw up to $100,000 in USDC via the off-ramp to their selected bank account.   Web3 SuperApp and crypto wallet Kresus unveiled its crypto off-ramp for stablecoins, allowing users to cash out directly to their bank accounts with zero fees. дальше »

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Report Reveals The Stablecoins That Have Suffered The Most De-Peg Events

Amidst the constant price swings and uncertainties that plague the crypto market, stablecoins have become an invaluable asset for investors and traders. However, analysts have revealed several stablecoins that have been struggling to maintain the esteemed stability reserved for these types of assets. дальше »

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USDC and DAI more susceptible to de-pegging, say analysts

Stablecoins from Circle and MakerDAO have been less stable than those from Tether and Binance in the last couple of years, states a new S&P Global report. дальше »

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Stablecoin de-pegging plagued USDC and DAI more than others: Analysts

Stablecoins from Circle and MakerDAO have been more unstable than those from Tether and Binance over the past couple of years, according to a new report from S&P Global. дальше »

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USDT vs Tradecurve Markets: Understanding the Future of Stablecoins

Stablecoins play a pivotal role in providing stability and addressing the notorious price volatility often associated with digital assets. USDT is perhaps the most well-known stablecoin, but it has faced many issues in the past, leading investors to use alternatives. дальше »

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Coinbase is developing new stablecoin generation

The head of the Coinbase, Brian Armstrong, believes that flatcoins could become the next iteration of stablecoins. In an interview with Yahoo Finance, he stated that flatcoins are “the next iteration of stablecoins. дальше »

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Coinbase increases USDC interest rate after SEC confirms stance on stablecoins

Rewards for holding such coins are regulatory compliant. The Coinbase move comes following confirmation that stablecoins are not regarded as unregistered securities offerings. дальше »

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JPMorgan unveils blockchain-based token for faster payments

JPMorgan praised deposit tokens for their potential, alongside stablecoins. The bank sees the tokenization of fiat deposits as a game-changer that can enhance accessibility across major blockchains. дальше »

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Fed Official Cautious About Unregulated Stablecoins Like USDC, USDT

Michael Barr, a high-ranking official at the US Federal Reserve, expressed concern over the growing use of “unregulated” stablecoins pegged to the dollar. Many popular stablecoins are designed to mirror the value of the USD. дальше »

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Fed Vice Chair Barr gives update on CBDC research, plugs stablecoin legislation

Michael Barr expressed “strong concern” about stablecoins and appreciation of legislative efforts to address them at the Philadelphia Fed’s fintech event. дальше »

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Fed watchdog Michael Barr calls stablecoins risk for economy

Federal Reserve’s Michael Barr highlights the risks of unregulated stablecoins, emphasizing the need for robust federal oversight in the evolving digital currency landscape. Michael Barr, the Federal Reserve’s leading authority on banking oversight, has voiced robust concerns regarding stablecoins operating… дальше »

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A closer look at the changes in stablecoin supply as TUSD gains on market

While most crypto market analyses predominantly focus on Bitcoin and Ethereum, given their stature as the two largest and most influential cryptocurrencies, it’s crucial to underscore that stablecoins are an equally pivotal market force. дальше »

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Aave's GHO unable to reach $1 peg: What now?

At the time of publication, GHO was worth $0. 96. Aave undertook measures like hiking borrowing rates and launching GSM to correct the peg. Stablecoins are seen as the oasis of stability in The post Aave's GHO unable to reach $1 peg: What now? appeared first on AMBCrypto. дальше »

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Global Stablecoins need governing body, pose risk to financial stability says IMF, FSB in new G20 report

The International Monetary Fund (IMF) and the Financial Stability Board (FSB) published a report commissioned by G20 under India’s leadership, outlining a comprehensive framework for regulating crypto-assets like Bitcoin and stablecoins today, Sept. дальше »

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ECB Warns PayPal Cash Grab Can Monopolize Stablecoins

ECB top dog Fabio Panetta says the next era of payments should not be monopolized by tech companies offering private stablecoins. The post ECB Warns PayPal Cash Grab Can Monopolize Stablecoins appeared first on BeInCrypto. дальше »

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South Korean Hana Bank and BitGo to launch joint crypto custody venture

Hana Bank and BitGo are expected to launch a crypto custody service in the second half of 2024. Hana Bank is interested in having tokenized deposit technology replace central bank digital currencies and private stablecoins. дальше »

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Crypto betting platform Stake silent on reported $41M fund drain

Several blockchain security firms, including Peckshield, have reported the suspicious movements of significant funds on crypto-based sports betting platform Stake. Cyvers platform first reported the incident, noting that about $16 million of stablecoins were converted into Ethereum (ETH). дальше »

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Has Ripple Shifted From XRP As A Reserve Currency To Stablecoins On DEXs?

Ripple’s strategic direction with the XRP token has historically always been a subject of intense scrutiny and discussion. Recent developments suggest a potential pivot in Ripple’s long-term vision for XRP. дальше »

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This Could Be The Metric To Watch For A Bitcoin Bounce: Santiment

On-chain data from Santiment suggests that the stablecoin whale supply could be the metric to watch for the likelihood of a Bitcoin bounce. Whale Supply Of Stablecoins Could Hold Key To Bitcoin Rebound In a recent post on X, the on-chain analytics firm Santiment discussed the percentage of the total stablecoin supply that the whales in the sector are holding right now. дальше »

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Stablecoins market faces volatility: Exploring recent trends and key players

The stablecoins market cap recently surged to over $121 billion. USDT and USDC currently hold over 80% of the stablecoins market cap. Despite stablecoins being a favored cryptocurrency, theiThe post Stablecoins market faces volatility: Exploring recent trends and key players appeared first on AMBCrypto. дальше »

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This Metric Hinted At The Bitcoin Retrace In Advance

The trend in the total supply of the stablecoins may have hinted in advance that the Bitcoin rally wouldn’t last too long. Bitcoin Stablecoins Supply Hasn’t Moved Much Recently An analyst in a CryptoQuant Quicktake post explained that the latest news has been unable to make the stablecoins supply budge. дальше »

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Technical Analyst Finds USDT Uniquely Vulnerable to Depegging Compared to Leading Stablecoins

Kaiko an eminent trader and technical analysis expert, recently voiced apprehension on Twitter about a troubling development in the cryptocurrency sphere: the breaking of Tether’s (USDT) peg to the US dollar. дальше »

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Aave v3 loans surge, hit record high on Ethereum

Stablecoins, including sDAI and GHO, propelled Aave V3's $100 million loan record. Assets staked on the protocol reduced in the last 24 hours. A whopping $100 million— that was the value oThe post Aave v3 loans surge, hit record high on Ethereum appeared first on AMBCrypto. дальше »

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Stablecoins Can Provide an Escape From High-Inflation Currencies: Brevan Howard Digital

Usage has shown a low correlation with crypto exchange volumes, which suggests that significant stablecoin transaction volumes are likely being used for non-speculative purposes, the report said. дальше »

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Lira-Backed TRYB Token Becomes World's Second-Largest Non-Dollar-Pegged Stablecoin

The market cap of BiLira's TRYB token has increased more than 300% to $136.10 million, the second-highest among non-U.S. dollar-pegged stablecoins. дальше »

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Binance Confirms Demise of BUSD and Encourages Users to Convert to FDUSD

Binance has announced it will stop supporting BUSD due to regulatory challenges and is encouraging users to convert their holdings to other stablecoins, such as FDUSD, at no cost. The post Binance Confirms Demise of BUSD and Encourages Users to Convert to FDUSD appeared first on BeInCrypto. дальше »

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BlockFi Seeks Permission To Convert Trade Only Assets To Stablecoins In Latest Court Petition

Bankrupt digital asset lender BlockFi has filed a court petition requesting permission to convert the Trade Only assets of its users to stablecoins, thus allowing the withdrawal of these tokens. This development marks the company’s latest effort to repay its creditors. дальше »

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