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Bluechip Gives Synthetix and Beanstalk Stablecoins F Grades; Tokens Added to the ‘Red Flag List’
2.2.2024
On Feb. 1, 2024, the independent, nonprofit stablecoin assessment entity Bluechip made a noteworthy declaration. They officially bestowed an F grade upon Synthetix’s fiat tokens SUSD and SEUR, alongside Beanstalk’s dollar-pegged asset BEAN. Bluechip went on to reveal that both of these...
Superstate Debuts Tokenized Short-Term Treasury Fund on Ethereum to Compete for Zero-Yield Stablecoins
1.2.2024
Superstate's USTB token aims to offer institutional investors an alternative to stablecoins to earn a yield on their on-chain cash holdings, Superstate founder and CEO Robert Leshner said
Tether Reports Record $2.85B Profit as Biggest Stablecoin Nears $100B Market Cap
31.1.2024
The USDT stablecoin issuer held over $5.4 billion in excess reserves as of 2023 year-end, according to its latest attestation
Stablecoin Market Cap Climbs $4.85 Billion in 30 Days; USDT, USDC, FDUSD Spearhead Growth
31.1.2024
In the past month, data reveals a significant increase in the combined market capitalization of leading stablecoins, rising from $131.71 billion to $136.56 billion. The top two stablecoins, tether and usd coin, experienced notable expansions in their supplies, with increases of 4.8% and 7.2%...
US Representative French Hill Optimistic on Progress of Crypto Legislation
31.1.2024
During a panel discussion at the recent Foundation for Defense of Democracies event, Arkansas Republican French Hill shared a positive update on the trajectory of the Financial Innovation and Technology for the 21st Century Act and the Clarity for Payment Stablecoins Act. US Representative French...
Circle to Issue Its Stablecoin USDC on Celo Network to Boost RWA Capabilities
30.1.2024
Celo, which is in the midst of transforming into an Ethereum layer 2 network, increasingly positions itself as a blockchain for real-world assets
A Backdoor Regulatory Option Haunts U.S. Crypto
29.1.2024
After the 2008 global financial meltdown, Congress set up a round table of regulators who could wield a unique tool against the next emerging threats. The Financial Stability Oversight Council (FSOC) can tag companies with systemic-risk labels that saddle them with tremendous new restrictions,...
Hong Kong Gets Spot-Bitcoin ETF Application, Stablecoin Interest From China’s Harvest Global: Reports
29.1.2024
Venture Smart Financial Holdings is also aiming for a spot-bitcoin ETF and is involved in the discussions about the stablecoin sandbox
Eco’s Beam Wallet Developer Acquires Join for Integrated Amazon and Shopify Purchases
26.1.2024
Eco Inc., the crypto payments company behind the self-custody wallet Beam, announced its acquisition of Join, a shopping app that allows users to purchase stablecoins at major merchants like Amazon and Shopify. 1/ BIG NEWS: we’ve acquired @join to enable shopping online with stablecoins. It’s time...
Stablecoin TUSD Remains Below Intended $1 Peg as Avara’s GHO Surges to Near-Peg Heights
25.1.2024
Market analysis reveals ongoing stability challenges for the stablecoin trueusd in maintaining its targeted $1 peg. As of 10:30 a.m. Eastern Time (ET) on Jan. 25, 2024, the token’s trading value fluctuated between $0.979 and $0.981. Concurrently, the Aave-developed stablecoin GHO has seen...
Stablecoin Market Capitalization Soars to 11-Month High, Taps $134 Billion
24.1.2024
The stablecoin market capitalization has surged to its highest point in 11 months with increased network activity recorded at the start of the year. A recent market research by cryptocurrency analytics firm, CCData shows an increase in the stablecoin market as the wider digital asset market...
Report: US Crypto Startup Seeks to Launch an Interest-Bearing Stablecoin
24.1.2024
A U.S. blockchain and lending startup is seeking the U.S. Securities and Exchange Commission’s permission to issue an interest-bearing stablecoin. The startup said the digital token will be used as an alternative to existing stablecoins such as tether and USDC. Figure Technologies’...
Morgan Stanley Sounds Alarm on US Dollar’s Dominance — Says Crypto Could Significantly Alter Currency Landscape
22.1.2024
Morgan Stanley has warned about the risk of the U.S. dollar losing its dominance, fueled by growing interest in digital assets, including bitcoin. Emphasizing that the U.S. dollar’s dominance “is being increasingly scrutinized,” the investment bank stated: “A clear shift towards reducing...
FDUSD Market Cap Skyrockets by $1 Billion in 2024, Clinching Top 4 Stablecoin Spot
21.1.2024
According to statistics, the stablecoin crypto asset FDUSD has seen its market capitalization grow by $1 billion since the start of the year. Presently, the supply stands at 2.614 billion FDUSD after witnessing a 45.7% supply increase in 30 days. FDUSD’s Market Cap Swells from $1.6 Billion...
Tron Refutes UN Study Findings Linking TRC-20 USDT to Bad Actors
20.1.2024
The Tron Decentralized Autonomous Organization (DAO) has rejected a United Nations assessment which suggested that bad actors are behind most tether transactions facilitated via its protocol. It also sees its over 50% share of the USDT stablecoins in circulation as a “testament to...
Chainalysis Reveals Decline in Crypto Crime, Shift to Stablecoins in 2024 Crime Report
20.1.2024
Chainalysis’ latest report reveals a dual trend in the 2023 crypto crime landscape: a notable decrease in overall value of criminal transactions and a surprising shift from bitcoin to stablecoins as the preferred medium for illicit activities. 2024 Chainalysis Report Reveals a Decline...
In Search of Financial Freedom: The Answer Lies With Bitcoin, Not Stablecoins
19.1.2024
Tether Market Cap Nears $95 Billion; Promising Outlook for Aave and InQubeta Gains
18.1.2024
The introduction of stablecoins into the crypto landscape has proven useful, although some haven’t been as stable as the name implies. Tether (USDT) is one such company that creates stablecoins, and is the most popular stablecoin in the world. The recent USDT creation of one billion tokens...
Does Howard Lutnick Know ‘the Truth’ About Tether?
17.1.2024
Speaking at Davos, the Cantor Fitzgerald CEO says the stablecoin issuer has the money to back USDT. Maybe it’s time we all started to believe in Tether, despite the “truthers”?
Circle CEO Jeremy Allaire: ‘Stablecoins Are Set to Change the Financial System Forever’
17.1.2024
Jeremy Allaire, CEO of Circle, a stablecoin company, has declared that blockchain systems are the new infrastructure layer of the internet and that stablecoins are at its core, providing value that is “nearly instant, nearly free and global in scale.” Allaire believes this tech...