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RFK Jr. promises BTC strategic reserve, dollar backed by hard assets
27.7.2024
The presidential hopeful praised Bitcoin eloquently as a future support for the US economy and a way to fix broken American money and society
RFK Jr. promises BTC strategic reserve, dollar backed by hard assets
27.7.2024
The presidential hopeful praised Bitcoin eloquently as a future support for the US economy and a way to fix broken American money and society
RFK Jr. promises BTC strategic reserve, dollar backed by hard assets
27.7.2024
The presidential hopeful gave Bitcoin eloquent praise as a future support for the US economy and way to fix broken American money and society
Tether Debuts New 'Synthetic' Dollar Backed by Tokenized Gold in Tokenization Push
17.6.2024
Users can mint new tokens using the company's new Alloy platform, which will be part of Tether's upcoming tokenization venture, CEO Paolo Ardoino said
Payment Use Cases Fuel Increasing Stablecoin Growth
12.4.2024
The global stablecoin supply currently stands at over $150 billion, demonstrating new demand for relatively stable digital assets. The stablecoin market has also grown more competitive. For example, XRP issuer Ripple recently announced plans to launch a United States dollar-backed stablecoin. ...
Liquidity Pool Comprising PayPal’s PYUSD Stablecoin on Curve Locks $135 Million in Value
10.1.2024
Source: iQoncept/Adobe A liquidity pool comprising PayPal’s dollar-backed stablecoin PYUSD on Curve has locked $135 million in total value, an indication that the stablecoin is gaining traction in decentralized finance (DeFi). The new liquidity pool, known as the FRAXPYUSD pool, went live...
Stablecoin Issuer Paxos Plans New U.S. Dollar-Backed Token for Singapore Operations
16.11.2023
Paxos, a cryptocurrency brokerage firm, has received a preliminary license from regulators to offer digital payment token services in Singapore, the company said Wednesday in a statement
Payments Giant Paypal Launches Dollar-Backed Stablecoin PYUSD
7.8.2023
Paypal has introduced its own stablecoin, representing the first venture of its kind by a leading financial firm. Initially reported by Bloomberg, the launch could notably accelerate the slow integration of cryptocurrencies for payment purposes. A New Era for Paypal: Introduction of PYUSD...
USD-backed stablecoin pilot project launched by Pacific island nation of Palau
26.7.2023
The Palau Stablecoin, or “Kluk,” will be minted on XRP Ledger using the Ripple CBDC Platform and will be distributed first to government employees
US Presidential Candidate Robert Kennedy Jr Unveils Plan to Back US Dollar With Bitcoin
20.7.2023
U.S. presidential candidate Robert F. Kennedy Jr. (RFK Jr.) has unveiled two new reforms for bitcoin if he is elected president. He plans to back the U.S. dollar with the cryptocurrency and eliminate capital gains taxes on the conversion of bitcoin to USD. RFK Jr. stressed that...
Circle CEO Jeremy Allaire: ‘Other Governments Are Regulating Digital Dollars Before the US’
26.6.2023
Jeremy Allaire, CEO of Circle, the company behind the issuance of usd coin (USDC), has expressed his worries about the state of stablecoin regulation in the U.S. In a congressional hearing, Allaire stated that other governments were already regulating the issuance of digital dollars (dollar-backed...
Bitcoin's Hot Ordinals Economy is Getting a Dollar-Backed Stablecoin
25.5.2023
Stablecoin issuer Stably is launching a dollar-backed stablecoin for traders of Bitcoin NFTs and BRC-20 tokens
Brazilian Investment Bank BTG Pactual Brings Out Dollar-Backed Stablecoin
5.4.2023
BTG Pactual, one of Latin America's largest investment banks, has introduced a dollar-backed stablecoin through its crypto platform Mynt
BUSD Depegs From Rival Stablecoin Tether After US Regulator Tells Paxos to Stop Minting New Tokens
13.2.2023
Traders seem to be migrating from Paxos' BUSD stablecoin to tether
USDC’s Market Cap Sheds Close to $4 Billion in Less Than 20 Days, Binance’s BUSD Climbs 3%
17.10.2022
19 days ago, usd coin (USDC), the second largest stablecoin by market capitalization, had an overall valuation of around $48.82 billion and since then, it has continued to deflate down to today’s $44.93 billion. Statistics show that during the last three months, USDC’s market...
Stablecoin Economy Continues to Deflate — USDC’s Market Cap Shed $6.7 Billion in 83 Days
29.9.2022
Just over two months or approximately 83 days ago, the stablecoin usd coin (USDC) had a market valuation of around $55.52 billion and since then, USDC’s market capitalization has lost 12.05%. For most of 2022, the second largest stablecoin by market capitalization, USDC has been above...
United Texas CEO wants to 'limit the issuance of US dollar-backed stablecoins to banks'
19.8.2022
Scott Beck, the CEO of United Texas Bank, claimed that stablecoin issuers like Circle were “effectively sucking deposits out of the banking industry.”
New York state releases guidance for issuing dollar-backed stablecoins
8.6.2022
The NY State Department of Financial Services, notorious for its strictness, claims to be the first regulator in the country to impose requirements of the type
Canadian bank plans to launch dollar-backed digital currency 'in the coming months'
24.2.2021
Stablecorp CEO Jean Desgagne said VersaBank's digital currency was intended to provide an alternative to concerns over volatility and security in crypto markets
USDT Towers Over 30 Stablecoins- Tether’s Market Cap Grew by 2 Million Percent in Just Four Years
22.11.2020
During the last two years since the initial bear market after the 2017 bull run, stablecoins have been extremely popular. Today, statistics show that the market capitalization of all the notable stablecoins today is hovering above the $23.9 billion mark. Out of more than 30 stablecoins in 2020...