#stablecoin

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#blockchain

Protocol Village: Proof of Play Adds 'Boss' as 2nd Arbitrum Orbit Chain, Lombard Launches LBTC, Dragonfly and Polychain Back Restaking-Powered Stablecoin

Peregrine Exploration secured $3.6M for Level, a protocol that integrates restaking with stablecoins to enhance DeFi.

Cuy Sheffield: The Reason Visa Is 'Everywhere' in Crypto

Visa's head of crypto, Cuy Sheffield, has been leading various crypto experiments and pilots throughout the year.
Visa is expanding its stablecoin pilot using Solana and is focused on blockchain technology for the payments industry.

Ripple USD Stablecoin Could be Issued in 'Weeks, Not Months': Garlinghouse

Ripple is set to launch its U.S.-dollar pegged stablecoin, Ripple USD (RLUSD), in the coming weeks.

Layer 1 Flare and Red Date Technology Set to Trial Stablecoin Buying for Chinese Nationals in Hong Kong

Mainland Chinese residents will test tokenized financial services in Hong Kong, marking a significant shift in access and regulation.

First Digital's FDUSD Stablecoin Is Officially Live On Sui | HackerNoon

FDUSD becomes the second native stablecoin on Sui, enhancing its DeFi ecosystem and multi-chain compatibility.

Protocol Village: Proof of Play Adds 'Boss' as 2nd Arbitrum Orbit Chain, Lombard Launches LBTC, Dragonfly and Polychain Back Restaking-Powered Stablecoin

Peregrine Exploration secured $3.6M for Level, a protocol that integrates restaking with stablecoins to enhance DeFi.

Cuy Sheffield: The Reason Visa Is 'Everywhere' in Crypto

Visa's head of crypto, Cuy Sheffield, has been leading various crypto experiments and pilots throughout the year.
Visa is expanding its stablecoin pilot using Solana and is focused on blockchain technology for the payments industry.

Ripple USD Stablecoin Could be Issued in 'Weeks, Not Months': Garlinghouse

Ripple is set to launch its U.S.-dollar pegged stablecoin, Ripple USD (RLUSD), in the coming weeks.

Layer 1 Flare and Red Date Technology Set to Trial Stablecoin Buying for Chinese Nationals in Hong Kong

Mainland Chinese residents will test tokenized financial services in Hong Kong, marking a significant shift in access and regulation.

First Digital's FDUSD Stablecoin Is Officially Live On Sui | HackerNoon

FDUSD becomes the second native stablecoin on Sui, enhancing its DeFi ecosystem and multi-chain compatibility.
moreblockchain
#digital-assets

State Street Works on Tokenized Bond and Money Market Fund; No 'Current Plans' for Stablecoin Project

State Street focuses on tokenizing bonds and money market funds, but has no immediate plans for stablecoins or tokenized deposits.

SocGen Crypto Arm to Bring Its Euro Stablecoin to XRP Ledger, Lays Out Plan for Going Multichain

SG-FORGE's EURCV stablecoin will expand from Ethereum to the XRP Ledger and Solana in a multichain strategy next year.

Tether Reorganizes Into 4 Divisions as It Expands Beyond Stablecoins

Tether is expanding into various areas of digital assets with the formation of four divisions.

State Street Works on Tokenized Bond and Money Market Fund; No 'Current Plans' for Stablecoin Project

State Street focuses on tokenizing bonds and money market funds, but has no immediate plans for stablecoins or tokenized deposits.

SocGen Crypto Arm to Bring Its Euro Stablecoin to XRP Ledger, Lays Out Plan for Going Multichain

SG-FORGE's EURCV stablecoin will expand from Ethereum to the XRP Ledger and Solana in a multichain strategy next year.

Tether Reorganizes Into 4 Divisions as It Expands Beyond Stablecoins

Tether is expanding into various areas of digital assets with the formation of four divisions.
moredigital-assets
#usdt

USDT Drama: Tether Labels WSJ U.S. Probe Claims as 'Irresponsible Reporting' | HackerNoon

The U.S. is investigating Tether for alleged illicit use of its stablecoin, impacting its market position.

Tether-Issued Stablecoin USDT's Market Share Grows to 75% as Market Cap Tops $118B

USDT's market dominance has grown significantly, reaching a 75% share of the stablecoin market.

USDT Drama: Tether Labels WSJ U.S. Probe Claims as 'Irresponsible Reporting' | HackerNoon

The U.S. is investigating Tether for alleged illicit use of its stablecoin, impacting its market position.

Tether-Issued Stablecoin USDT's Market Share Grows to 75% as Market Cap Tops $118B

USDT's market dominance has grown significantly, reaching a 75% share of the stablecoin market.
moreusdt
#cryptocurrency

Feds arrest Princeton grad 'Diamondhands' who raised $257 million for fake crypto social media site

Nader Al-Naji, a Silicon Valley figure, faced legal trouble for alleged fraud in the BitClout cryptocurrency scheme after a previous involving a stablecoin project.

New Global Dollar Stablecoin Backed by Robinhood, Kraken, Paxos and Other Crypto Heavies

USDG stablecoin allows broad community participation by sharing 97% of economic benefits from reserves, differing from other leading stablecoins.

Stripe in $1.1B Acquisition Deal for Stablecoin Platform Bridge: Report

Stripe is enhancing its cryptocurrency capabilities by acquiring stablecoin platform Bridge for $1.1 billion.

Donald Trump Seems Completely Baffled by His Own Crypto Project

Donald Trump has launched a cryptocurrency venture despite previously criticizing crypto, highlighting a significant change in his stance and understanding of the technology.

Trump's crypto project plans to launch its own U.S. dollar-backed stablecoin - report

World Liberty Financial plans to launch its own stablecoin, aiming to compete with established players in the cryptocurrency market.

PayPal's Stablecoin Hits $1B Market Cap as Incentives Boost Activity on Solana

PayPal's PYUSD stablecoin surpassed $1 billion in supply, driven by its expansion to Solana and strong yield incentives from DeFi protocols.

Feds arrest Princeton grad 'Diamondhands' who raised $257 million for fake crypto social media site

Nader Al-Naji, a Silicon Valley figure, faced legal trouble for alleged fraud in the BitClout cryptocurrency scheme after a previous involving a stablecoin project.

New Global Dollar Stablecoin Backed by Robinhood, Kraken, Paxos and Other Crypto Heavies

USDG stablecoin allows broad community participation by sharing 97% of economic benefits from reserves, differing from other leading stablecoins.

Stripe in $1.1B Acquisition Deal for Stablecoin Platform Bridge: Report

Stripe is enhancing its cryptocurrency capabilities by acquiring stablecoin platform Bridge for $1.1 billion.

Donald Trump Seems Completely Baffled by His Own Crypto Project

Donald Trump has launched a cryptocurrency venture despite previously criticizing crypto, highlighting a significant change in his stance and understanding of the technology.

Trump's crypto project plans to launch its own U.S. dollar-backed stablecoin - report

World Liberty Financial plans to launch its own stablecoin, aiming to compete with established players in the cryptocurrency market.

PayPal's Stablecoin Hits $1B Market Cap as Incentives Boost Activity on Solana

PayPal's PYUSD stablecoin surpassed $1 billion in supply, driven by its expansion to Solana and strong yield incentives from DeFi protocols.
morecryptocurrency
#payments

Stripe's $1.1B Acquisition Target, Bridge, Buys Web3 Wallet Platform Triangle

Triangle has been acquired by Bridge, which is itself being pursued by payments giant Stripe.

Bridge Fundraising for Stablecoin-Based Payments Network Totals $58M: Report

Bridge is developing a global stablecoin payments network to simplify cryptocurrency payments for companies.
Stablecoins help businesses engage in crypto without volatility but require links to traditional finance.

Stripe's $1.1B Acquisition Target, Bridge, Buys Web3 Wallet Platform Triangle

Triangle has been acquired by Bridge, which is itself being pursued by payments giant Stripe.

Bridge Fundraising for Stablecoin-Based Payments Network Totals $58M: Report

Bridge is developing a global stablecoin payments network to simplify cryptocurrency payments for companies.
Stablecoins help businesses engage in crypto without volatility but require links to traditional finance.
morepayments
#usde

Ethena Announces UStb Stablecoin Backed by Blackrock's BUIDL

Ethena's UStb stablecoin will mitigate risk for USDe by reallocating assets during market volatility, enhancing stability in a dynamic environment.

Ethena Labs Proposes SOL for USDe's Collateral

Ethena Labs seeks to add SOL as collateral for USDe, enhancing its stability and risk management.

Ethena Announces UStb Stablecoin Backed by Blackrock's BUIDL

Ethena's UStb stablecoin will mitigate risk for USDe by reallocating assets during market volatility, enhancing stability in a dynamic environment.

Ethena Labs Proposes SOL for USDe's Collateral

Ethena Labs seeks to add SOL as collateral for USDe, enhancing its stability and risk management.
moreusde
#circle

Circle Snags First Stablecoin License Under EU's New MiCA Crypto Rules

Circle is the first global stablecoin issuer to comply with MiCA, securing an Electronic Money Institution (EMI) license in the EU.

USDC stablecoin issuer Circle files confidentially for an IPO | TechCrunch

Circle has confidentially filed for a proposed IPO.
Circle is the issuer of the stablecoin USDC, which has the second-largest market capitalization.

Circle Signals Plans to Bring USDC to Australia With Venture Capitalist Mark Carnegie

Circle is expanding USDC stablecoin adoption to Australia and the Asia Pacific region through a partnership with MHC Digital Group.

Stablecoin Issuer Circle Files to Shift Legal Home to U.S. From Ireland Ahead of Planned IPO: Bloomberg

Circle, the issuer of USDC stablecoin, plans to relocate its legal base from Ireland to the U.S., ahead of a planned IPO.

Circle Issues Euro-Backed Stablecoin EURC Natively on the Solana Blockchain

Circle has deployed its euro stablecoin, EURC, on the Solana network to facilitate on-chain foreign exchange transactions and remittances.
EURC aims to be a regulated e-money token under EU regulations.

Circle Snags First Stablecoin License Under EU's New MiCA Crypto Rules

Circle is the first global stablecoin issuer to comply with MiCA, securing an Electronic Money Institution (EMI) license in the EU.

USDC stablecoin issuer Circle files confidentially for an IPO | TechCrunch

Circle has confidentially filed for a proposed IPO.
Circle is the issuer of the stablecoin USDC, which has the second-largest market capitalization.

Circle Signals Plans to Bring USDC to Australia With Venture Capitalist Mark Carnegie

Circle is expanding USDC stablecoin adoption to Australia and the Asia Pacific region through a partnership with MHC Digital Group.

Stablecoin Issuer Circle Files to Shift Legal Home to U.S. From Ireland Ahead of Planned IPO: Bloomberg

Circle, the issuer of USDC stablecoin, plans to relocate its legal base from Ireland to the U.S., ahead of a planned IPO.

Circle Issues Euro-Backed Stablecoin EURC Natively on the Solana Blockchain

Circle has deployed its euro stablecoin, EURC, on the Solana network to facilitate on-chain foreign exchange transactions and remittances.
EURC aims to be a regulated e-money token under EU regulations.
morecircle
#sec

TrustToken, TrueCoin Settle With SEC Over Fraud Accusations in Stablecoin Investing

Archblock and TrueUSD firms settled SEC accusations of fraud and misrepresentation regarding the TUSD stablecoin.

First Mover Americas: Bitcoin Drops Below $64K, Ether Falls

Bitcoin drops 4%, Ether and CoinDesk 20 Index lose 6% due to SEC discouragement of spot ether ETFs applications.

TrustToken, TrueCoin Settle With SEC Over Fraud Accusations in Stablecoin Investing

Archblock and TrueUSD firms settled SEC accusations of fraud and misrepresentation regarding the TUSD stablecoin.

First Mover Americas: Bitcoin Drops Below $64K, Ether Falls

Bitcoin drops 4%, Ether and CoinDesk 20 Index lose 6% due to SEC discouragement of spot ether ETFs applications.
moresec

US Dollar-Pegged "USDN" (US Deez Nuts) Promises To Penetrate Volatile Market, Fails Spectacularly | HackerNoon

The launch of USDN, a meme-based stablecoin, leads to disastrous results when its value collapses after a failed premise.
Investors were misled by the notion of a stablecoin pegged to "vibes" rather than a reliable asset.

Fintech Giant Revolut Said to Be Planning Stablecoin

Revolut plans to issue its own stablecoin with a compliance-first approach to enhance safety in the crypto community.
#tether

Tether Nets $5B Profits This Year, Says Its US Debt Holdings Surpassed Germany's

Tether reported $5.2 billion profits in H1 2024 and holds $97.6 billion US debt surpassing countries like Germany.

Tether Hires PayPal Government Affairs Ace as U.S. Scrutiny Unresolved

Tether hires Jesse Spiro to reinforce its commitment to regulatory relations amidst U.S. investigations and evolving stablecoin legislation.

Tether's Audit Report Reveals Over $2.8 Billion in Bitcoin Holdings

Tether, the leading stablecoin issuer, has over $2.8 billion in Bitcoin holdings.
Tether achieved a profit of $6.2 billion in 2023.

Tether Enters Transaction Surveillance Partnership with Chainalysis as Regulatory Pressure Mounts

Tether partners with Chainalysis for monitoring transactions on secondary markets to ensure compliance with sanctions and detect illicit activities.

Tether Nets $5B Profits This Year, Says Its US Debt Holdings Surpassed Germany's

Tether reported $5.2 billion profits in H1 2024 and holds $97.6 billion US debt surpassing countries like Germany.

Tether Hires PayPal Government Affairs Ace as U.S. Scrutiny Unresolved

Tether hires Jesse Spiro to reinforce its commitment to regulatory relations amidst U.S. investigations and evolving stablecoin legislation.

Tether's Audit Report Reveals Over $2.8 Billion in Bitcoin Holdings

Tether, the leading stablecoin issuer, has over $2.8 billion in Bitcoin holdings.
Tether achieved a profit of $6.2 billion in 2023.

Tether Enters Transaction Surveillance Partnership with Chainalysis as Regulatory Pressure Mounts

Tether partners with Chainalysis for monitoring transactions on secondary markets to ensure compliance with sanctions and detect illicit activities.
moretether
#crypto-market

PayPal Makes Retail Stablecoin Play with PYUSD on Solana

PYUSD stablecoin by PayPal moves to Solana after Ethereum, enhancing speed and cost efficiency.

First Mover Americas: BTC Little Changed, on Course to End August Down 8%

Bitcoin and the broader crypto market are seeing declines due to low demand and significant net outflows from ETFs.

PayPal Makes Retail Stablecoin Play with PYUSD on Solana

PYUSD stablecoin by PayPal moves to Solana after Ethereum, enhancing speed and cost efficiency.

First Mover Americas: BTC Little Changed, on Course to End August Down 8%

Bitcoin and the broader crypto market are seeing declines due to low demand and significant net outflows from ETFs.
morecrypto-market
#defi

MakerDAO Is Now 'Sky' as $7B Crypto Lender Rolls Out New Stablecoin, Governance Token

MakerDAO rebrands to Sky and introduces new USDS stablecoin and SKY governance token to enhance DeFi growth on Sept. 18.

Hex Trust Issues First Native Stablecoin on Layer-1 Blockchain Flare

USDX stakers receive cUSDX and real-world yield.

MakerDAO Is Now 'Sky' as $7B Crypto Lender Rolls Out New Stablecoin, Governance Token

MakerDAO rebrands to Sky and introduces new USDS stablecoin and SKY governance token to enhance DeFi growth on Sept. 18.

Hex Trust Issues First Native Stablecoin on Layer-1 Blockchain Flare

USDX stakers receive cUSDX and real-world yield.
moredefi
#decentralized-finance

Balanced Launches Cross-chain Stablecoin Loans | HackerNoon

Balanced introduces cross-chain loans with bnUSD, supporting multiple collaterals and flexible borrowing across various blockchains.

Hong Kong-Based First Digital's $3B Stablecoin Arrives to Sui Network in DeFi Push

Sui blockchain to host FDUSD token after Ethereum and BNB Chain.
Efforts to embed FDUSD in decentralized finance space to increase DeFi usage.

Balanced Launches Cross-chain Stablecoin Loans | HackerNoon

Balanced introduces cross-chain loans with bnUSD, supporting multiple collaterals and flexible borrowing across various blockchains.

Hong Kong-Based First Digital's $3B Stablecoin Arrives to Sui Network in DeFi Push

Sui blockchain to host FDUSD token after Ethereum and BNB Chain.
Efforts to embed FDUSD in decentralized finance space to increase DeFi usage.
moredecentralized-finance
jacqmelinek10 months ago
Circle IPO filing does not come as a shock

We know that Circle wants to go public; it has tried to do so before

But @alex and I dive into why now may be the perfect time for Circle to try to get its IPO out the door ⬇️

https://t.co/eSjnu52eiI

USDC stablecoin issuer Circle files confidentially for an IPO | TechCrunch

Circle has confidentially filed for a proposed IPO.
Circle is the issuer of the stablecoin USDC, which has the second-largest market capitalization.
jacqmelinek10 months ago
.@circle IPO filing does not come as a shock

We know that Circle wants to go public; it has tried to do so before

But @alex and I dive into why now may be the perfect time for Circle to try to get its IPO out the door ⬇️

https://t.co/eSjnu52eiI

USDC stablecoin issuer Circle files confidentially for an IPO | TechCrunch

Circle has confidentially filed for a proposed IPO.
Circle is the issuer of the stablecoin USDC, which has the second-largest market capitalization.

Crypto payments: PayPal's stablecoin ripple effect on markets

The introduction of PayPal USD (PYUSD) stablecoin has sparked debates about its impact on payments and wider crypto adoption.
PYUSD aims to bridge the gap between fiat and digital currencies, providing a stable digital-fiat conduit for transactions.
While PYUSD is a step toward reducing the gap between traditional and digital finance, its widespread adoption remains to be seen.
from Theregister
5 months ago

Crypto-failure Terraform Labs to cough $4.5 billion and shut

Terraform Labs to pay $4.5 billion to settle TerraUSD crash fallout and then close down.

Satoshi Protocol Secures $2M Seed Funding for Bitcoin Backed Stablecoin | HackerNoon

Aiming to bring stablecoin utility to Bitcoin users through $SAT collateral on Satoshi Protocol.
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