#stablecoin

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#tether

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 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-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.

The Most Profitable CEO in the World (You've Definitely Never Heard Of) | HackerNoon

Paolo Ardoino, CEO of Tether Holdings, leads a small team to generate $10 billion in annual profit, surpassing larger tech companies.

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.

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 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-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.

The Most Profitable CEO in the World (You've Definitely Never Heard Of) | HackerNoon

Paolo Ardoino, CEO of Tether Holdings, leads a small team to generate $10 billion in annual profit, surpassing larger tech companies.

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.
moretether
#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.

The 'Largest Illicit Online Marketplace' Ever Is Growing at an Alarming Rate, Report Says

Huione Guarantee expands its services with 'ChatMe' and USDH, positioning itself as a self-sufficient platform amidst allegations of money laundering.

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.

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.

The 'Largest Illicit Online Marketplace' Ever Is Growing at an Alarming Rate, Report Says

Huione Guarantee expands its services with 'ChatMe' and USDH, positioning itself as a self-sufficient platform amidst allegations of money laundering.

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.
morecryptocurrency
#innovation

Amsterdam-based startups that raised funding in December

Amsterdam is the premier startup hub in the Netherlands, leading with 1,219 startups and a diverse, collaborative ecosystem.

This stealthy African stablecoin startup already processed over $1B in cross-border payments | TechCrunch

Juicyway leverages stablecoin technology for efficient cross-border payments, successfully operating in stealth mode for three years before public launch.

Amsterdam-based startups that raised funding in December

Amsterdam is the premier startup hub in the Netherlands, leading with 1,219 startups and a diverse, collaborative ecosystem.

This stealthy African stablecoin startup already processed over $1B in cross-border payments | TechCrunch

Juicyway leverages stablecoin technology for efficient cross-border payments, successfully operating in stealth mode for three years before public launch.
moreinnovation
#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.

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.

Harbour Teams With Velocity Labs To Launch Instant Stablecoin Payment Between EU Banks And Polkadot | HackerNoon

Harbour and Velocity Labs launched a stablecoin payment system, Magic Ramp, connecting traditional banking with Web3 through Polkadot.

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.

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.

Harbour Teams With Velocity Labs To Launch Instant Stablecoin Payment Between EU Banks And Polkadot | HackerNoon

Harbour and Velocity Labs launched a stablecoin payment system, Magic Ramp, connecting traditional banking with Web3 through Polkadot.

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
#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.

Ethena Labs Proposes SOL for USDe's Collateral

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

dTRINITY Launches Subsidized Stablecoin Lending Protocol On Fraxtal L2 | HackerNoon

dTRINITY launches on Fraxtal, enhancing DeFi liquidity and reducing borrowing costs with innovative interest rate models.

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.

Ethena Labs Proposes SOL for USDe's Collateral

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

dTRINITY Launches Subsidized Stablecoin Lending Protocol On Fraxtal L2 | HackerNoon

dTRINITY launches on Fraxtal, enhancing DeFi liquidity and reducing borrowing costs with innovative interest rate models.
moredefi
#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.

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.
moredigital-assets
#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
#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.

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 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.

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.
morecircle

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.
#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.
#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
#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
from Theregister
7 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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