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Synthetix USD stablecoin loses dollar peg, drops to 5-year low of $0.83
10.4.2025
The Synthetix protocol’s native stablecoin, Synthetix USD (sUSD), fell to its lowest value in five years, extending a months-long struggle to maintain its $1 peg.The asset has faced persistent instability since the start of 2025. On Jan. 1, sUSD dropped to $0.96 and only rebounded to $0.99...
China Asks Banks to Curb Dollar Purchases as Yuan Hits Multi-Year Low
10.4.2025
China seeks to maintain the stability of the yuan in the face of the current tariff war, informally asking state banks to stop their dollar purchases. According to Reuters, these institutions would also ramp up controls on customers’ dollar purchases to stop speculation. China Reportedly...
Can Non-USD Stablecoins Compete?
7.4.2025
Most stablecoins, including the two clear market leaders, are dollar-based. Michael Egorov, founder of decentralized exchange Curve Finance, asks if stablecoins based in other currencies can gain traction
SEC paints 'a distorted picture' of USD-stablecoin market — Crenshaw
5.4.2025
US Securities and Exchange Commission (SEC) Commissioner and vocal crypto critic Caroline Crenshaw has accused the US regulator of downplaying risks and misrepresenting the US stablecoin market in its newly published guidelines.However, many in the crypto industry see the SEC’s decision as...
SEC paints ‘a distorted picture’ of USD stablecoin market — Crenshaw
5.4.2025
US Securities and Exchange Commission (SEC) Commissioner and vocal crypto critic Caroline Crenshaw has accused the US regulator of downplaying risks ‘and misrepresenting the US stablecoin market in its newly published guidelines.However, many in the crypto industry see the new SEC guidelines...
XRP in Focus as RLUSD Sees $100M Minted on Ripple Payments Boost
3.4.2025
Industry leaders expect RLUSD to further shift crypto market dynamics, where upstarts tether (USDT) and USD Coin (USDC) could see competition from Ripple’s product
Ripple USD Explodes Onto Kraken as RLUSD Crosses $10B in Volume
3.4.2025
Ripple’s RLUSD just hit crypto exchange Kraken, boasting over $10 billion in volume and a soaring $250 million market cap as it powers real-world DeFi and enterprise payments. RLUSD Goes Live on Kraken—$10B in Ripple USD Volume Signals Massive Momentum Ripple’s stablecoin gained new visibility...
Ripple Integrates RLUSD Stablecoin Into Cross-Border Payments System
2.4.2025
Ripple USD's market cap reached $244 million since its December debut, growing 87% over the past month
Sonic Labs ditch algorithmic USD stablecoin for UAE dirham alternative
29.3.2025
Sonic Labs has canceled plans to launch a US dollar-pegged algorithmic stablecoin, opting instead to develop a United Arab Emirates dirham-denominated alternative.On March 22, Sonic Labs co-founder Andre Cronje said the company was working on a US dollar-pegged algorithmic stablecoin with an annual...
Sonic Labs ditch algorithmic USD stablecoin for UAE dirham alternative
29.3.2025
Sonic Labs has canceled plans to launch a US dollar-pegged algorithmic stablecoin, opting instead to develop a United Arab Emirates dirham-denominated alternative.On March 22, Sonic Labs co-founder Andre Cronje said the company was working on a US dollar-pegged algorithmic stablecoin with an annual...
Sonic Labs ditch algorithmic USD stablecoin for UAE dirham alternative
29.3.2025
Sonic Labs has canceled plans to launch a US dollar-pegged algorithmic stablecoin, opting instead to develop a United Arab Emirates dirham-denominated alternative.On March 22, Sonic Labs co-founder Andre Cronje said the company was working on a US dollar-pegged algorithmic stablecoin with an annual...
Deutsche Bank Warns of Significant De-Dollarization Risks Among US Allies
29.3.2025
Deutsche Bank has issued a warning regarding the potential risks to the U.S. dollar’s status as a global reserve currency, citing concerns over the reliability of the Federal Reserve’s liquidity backstop, particularly its dollar swap lines. In light of informal discussions among...
Venezuelan Bolivar Plunges After Secondary Crude Tariff Regime Announcement
28.3.2025
The Venezuelan bolivar accelerated its loss against the U.S. dollar as the government faced dollar shortages amid an economic trade war. The Trump administration’s secondary trade tariff regime on Venezuelan crude is starving the country of foreign currency to inject into the national market...
Balaji Srinivasan: Dollar Inflation Is Global Taxation
26.3.2025
In a recent social media post, former Coinbase CTO Balaji Srinivasan argued that U.S. dollar inflation acts as a form of global taxation, highlighting the disparity in financial impacts between Americans and the global population. He noted that if the approximately $6 trillion printed since 2020...
Max Keiser: BRICS Will Leverage Gold Stablecoin to Counter Dollar Hegemony
24.3.2025
Max Keiser stated that BRICS, driven by China, Russia, and India, will push the adoption of a gold-backed stablecoin to fight a hegemonic U.S. dollar stablecoin. The former will have the advantage of being inflation-resistant, he assessed. Max Keiser Declares BRICS Will Leverage to Fight the U.S....
World Liberty Financial-Labeled Tokens Spark Speculation of Trump-Backed Project's Stablecoin Launch
24.3.2025
The World Liberty Financial USD token was deployed on Ethereum and BNB Chain earlier this month, and addresses linked to Wintermute and BitGo interacted with the token
Tabit offers USD insurance policies backed by Bitcoin regulatory capital
24.3.2025
Barbados-based insurer Tabit has raised $40 million in Bitcoin for its insurance facility, in a move the company said would bolster its balance sheet and allow the insurance sector to capitalize on digital assets. Tabit’s Bitcoin (BTC) regulatory capital will be used to back traditional...
Tabit offers USD insurance policies backed by Bitcoin regulatory capital
24.3.2025
Barbados-based insurer Tabit has raised $40 million in Bitcoin for its insurance facility, in a move the company said would bolster its balance sheet and allow the insurance sector to capitalize on digital assets. Tabit’s Bitcoin (BTC) regulatory capital will be used to back traditional...
Peter Schiff Warns of ‘Parasitic Relationship’ Threatening Dollar Value and Painful Economic Transition
23.3.2025
In a recent social media post, economist Peter Schiff critiques the Trump administration’s characterization of the U.S. as the “world’s best customer,” arguing that this perspective misrepresents the global economic relationship. Schiff asserts that while demand...
Trump’s Policies Threaten US Dollar Dominance, Warns Economics Professor
23.3.2025
In a recent essay for the Financial Times that is heating up discussions in economic circles, Berkeley professor and author of Exorbitant Privilege: The Rise and Fall of the Dollar, Barry Eichengreen argues that President Donald Trump’s policies are significantly undermining the foundations...