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FDUSD Nears $1 Billion Cap — A Rapid 253% Surge in Supply Since August


Recent data indicates that the market capitalization of the newly introduced stablecoin, first digital usd (FDUSD), is approaching the $1 billion threshold. This growth, a 253% increase in supply, has been recorded since August 4, 2023. Currently, the circulation of FDUSD tokens stands at...

More Hong Kong Banks Set to Join Digital Yuan Pilot, Gov’t Confirms


Source: dmitriy/Adobe Hong Kong’s government says more banks based in the country are preparing to join Mainland China’s digital yuan pilot. Mainland China’s central bank, the People’s Bank of China (PBoC), wants to expand its CBDC’s cross-border applications. And it seemingly wants even more...

Bitget Unveils Instant Lira-to-Crypto Conversions, Streamlining Turkish Market


Source: Adobe / Husamex Bitget – a global crypto exchange and Web3 firm – has launched support for instant Lira to crypto conversions to streamline access to digital assets for Turkish consumers. Using the “easy buy and sell” feature, Turkish customers can now deposit TRY to Bitget directly from...

Canadians Support Cash Payments Over CBDCs: Report


Source: Jason Hafso / Pexels Canadians are less enthusiastic about a Central Bank Digital Currency (CBDC) opting for traditional payment methods despite wider awareness, a new survey shows. The Digital Canadian Dollar Public Consultation Report published by the Bank of Canada highlighted...

FTX Granted Court Approval to Liquidate $744 Million Grayscale Trust Assets


Bankrupt cryptocurrency exchange FTX just has received approval from a bankruptcy court to sell its stakes in digital trusts managed by Grayscale Investments, according to a bankruptcy court document filed on Friday. This move is part of FTX’s strategic efforts to repay billions owed...

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