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Nalezeno "Stablecoins": 1041

Hex Trust to Launch USDX Stablecoin on Flare, Offering Real-World Yield


On May 21, 2024, Hex Trust Group announced the introduction of a native stablecoin, USDX, for the Flare network. Hex Trust also revealed that a Clearpool vault, enabling holders to earn a real-world yield, will debut alongside USDX. Hex Trust’s USDX Stablecoin and Clearpool Vault Aim...

Central Bank of Brazil Aims to Finalize Crypto Regulations This Year


The Central Bank of Brazil outlined its crypto regulation calendar, defining a three-phase process for finalizing these tasks in 2024. The bank aims to consult market actors regarding VASPs, establish plans to regulate stablecoins and finalize the rules to welcome VASPs into the country later this...

Synthetix Stablecoin SUSD Drops Below $1 Parity, Struggles to Rebound


According to current market prices, the synthetix usd (SUSD) stablecoin has fallen from its intended $1 parity. Charts show the token dipped to a low of $0.915 and is now trading at $0.958 per unit as of 8 a.m. EDT on Friday. SUSD Stablecoin Plunges to $0.915 Another stablecoin faces challenges...

US Scrutiny of Tether Could Disrupt Crypto Ecosystem, Ripple CEO Warns


Ripple’s CEO, Brad Garlinghouse, has voiced concerns that the U.S. government’s scrutiny of Tether, the foremost issuer of stablecoins by market cap, could notably affect the cryptocurrency environment. His comments come amid apprehensions about Tether’s alleged utilization by terrorist...

Stablecoin Market Stabilizes at $160 Billion; FDUSD and PYUSD Lead Growth


Over the past 19 days, the stablecoin economy has stabilized with negligible growth after reaching the $160 billion threshold at April’s end. Out of the top five, FDUSD is currently the frontrunner in terms of 30-day growth, showing a 15.3% increase in supply. Stablecoin Valuation Holds...

Lightning Labs Paving the Way to Bring Stablecoins to Bitcoin


Lightning Labs CEO Elizabeth Stark believes the new functionality brought by the Lightning Network Taproot Assets protocol will enable stablecoins on Bitcoin. The post Lightning Labs Paving the Way to Bring Stablecoins to Bitcoin appeared first on Cryptonews

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