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Former Consensys employee launches new stablecoin amid regulatory uncertainty
29.5.2024
Former Consensys employee Jack Jia, co-founder of Stable.com, launches new stablecoin USD3 amid regulatory uncertainty and shifting stablecoin narratives
PayPal Makes Retail Stablecoin Play with PYUSD on Solana
29.5.2024
PYUSD has around 8,600 holders on the Ethereum blockchain and a market cap of a tick under $400,000
PayPal expands PYUSD to Solana, targets payment use cases
29.5.2024
PayPal’s PYUSD stablecoin is now available on Solana and Ethereum, offering a chain-agnostic experience for its users
Russian Commodities Firms Turn to Stablecoins for Transactions with Chinese Counterparts
28.5.2024
Russian commodities firms facing challenges in executing financial transactions with Chinese counterparts have turned to stablecoins.
The post Russian Commodities Firms Turn to Stablecoins for Transactions with Chinese Counterparts appeared first on Cryptonews
‘Yield-bearing stables’ are not money or stablecoins: Agora’s van Eck
28.5.2024
Yield-bearing stablecoins are far more likely to be classed as security products in many countries and would restrict customer reach, argues the son of Jan van Eck
Blockchain dev Sphere introduces bank-to-wallet Telegram extension
27.5.2024
Sphere Labs, a blockchain developer focused on bringing stablecoins as a service to businesses, has announced a new bank-to-wallet Telegram extension
Bitcoin Breaks $70K Barrier, Leading to $27.75M in Liquidations
27.5.2024
The price of bitcoin has exceeded $70,000, increasing by 2.1% during today’s trading sessions. This latest rise led to the liquidation of $27.75 million in bitcoin short positions. Bitcoin Trades Above $70K, Leading to Multi-Million Dollar Liquidations Bitcoin (BTC) is up 2.1% today and...
Nomura Holdings, GMO Group form stablecoin research partnership in Japan
27.5.2024
Nomura Holdings and the GMO Internet Group are exploring ways to bring new stablecoin offerings to the Japanese market
Nomura and GMO Collaborate on Japanese Stablecoin Issuance
27.5.2024
Nomura Holdings, a leading global financial services group, has partnered with Laser Digital, its subsidiary focused on digital asset solutions, and GMO Internet Group, a prominent Japanese technology company renowned for its internet infrastructure, online advertising, and fintech services....
FDUSD Supply Shrinks by 29% Amid Stablecoin Supply Shifts
26.5.2024
The stablecoin market has experienced modest growth over the past two weeks, with valuations increasing by approximately $590 million. Among the top five U.S. dollar stablecoins, Ethena’s USDE saw the largest supply growth, rising 17.5%. In contrast, First Digital’s FDUSD experienced...
Ripple taking ‘cheap shots’ at Tether, says Samson Mow
24.5.2024
Ripple CEO Brad Garlinghouse stands accused of spreading fear, uncertainty and doubt about Tether
What’s Happening In Crypto Today? Daily Crypto News Digest
23.5.2024
In crypto news today:
Why is crypto down today?
Elixir Games Acquires RoboKiden and Partners with Ava Labs
Spark Launches Stablecoin Savings Solution on Gnosis Chain
The post What’s Happening In Crypto Today? Daily Crypto News Digest appeared first on Cryptonews
Proof-of-restaking and extended consensus — Interview with Units Network
23.5.2024
Emerging from past challenges, this initiative emphasizes decentralized governance and advanced consensus mechanisms to foster innovation
KlimaDAO Japan to launch carbon credit marketplace with Progmat
21.5.2024
KlimaDAO and the Japanese stablecoin issuer may eventually trade carbon credits internationally
Hex Trust to Launch USDX Stablecoin on Flare, Offering Real-World Yield
21.5.2024
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...
Hex Trust Issues First Native Stablecoin on Layer-1 Blockchain Flare
21.5.2024
Hex Trust Group has issued USDX, the first native stablecoin on layer-1 blockchain Flare, according to a press release
Stablecoin Market Faces Fresh Challenges with ‘Fourth-Gen Coins’ – South Korean Report
21.5.2024
South Korean analysts think new challenges await the “next generation” of stablecoins, as the industry continues to develop.
The post Stablecoin Market Faces Fresh Challenges with ‘Fourth-Gen Coins’ – South Korean Report appeared first on Cryptonews
Real-word asset tokens can stabilize DeFi — Market observers
20.5.2024
RWA tokenization has become the latest trend in crypto, and early use cases indicate that DeFi protocols are using it for stable collaterals, yield products and more
HKIIF Chair Advocates for Hong Kong to Develop CNY-Pegged Stablecoin
20.5.2024
Xiao Geng states that the creation of a CNY-pegged stablecoin could expand the offshore Chinese yuan market and elevate Hong Kong’s status in the global financial sector.
The post HKIIF Chair Advocates for Hong Kong to Develop CNY-Pegged Stablecoin appeared first on Cryptonews
Coinbase Highlights Key US Regulatory Developments Driving Crypto Prices
20.5.2024
The latest Coinbase Weekly Market Commentary, dated May 17, highlights the crucial influence of regulatory developments on U.S. cryptocurrency markets. Coinbase stated: “Macro continues to be a key driver for crypto performance, though we think upcoming major catalysts may be regulatory...