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Tether invests $150M in Jihan Wu’s crypto mining firm Bitdeer
31.5.2024
Following the investment, Tether expects close collaboration with Bitdeer across several key infrastructure areas, CEO Paolo Ardoino said
Navigating the waters of stablecoins: The Lummis-Gillibrand Payment Stablecoin Act
31.5.2024
In a move poised to bring significant changes to the digital currency landscape, United States Senators Kirsten Gillibrand & Cynthia Lummis have introduced a new bill aimed at regulating payment stablecoins. Known as the Lummis-Gillibrand Payment Stablecoin Act, this legislation sets...
Terraform Labs, Do Kwon Reach Preliminary Settlement With SEC
30.5.2024
Singapore-based Terraform Labs and its founder Do Kwon have reportedly reached a preliminary settlement with the U.S. Securities and Exchange Commission (SEC) after being accused of misleading cryptocurrency investors before the 2022 collapse of terrausd (UST), the project’s now-defunct algorithmic...
Agora launches AUSD Stablecoin on Sui, pioneering a new era in digital finance
30.5.2024
Agora, a leading financial technology company, has launched its new AUSD stablecoin on the Sui platform. This strategic move will enhance the stability and functionality of digital transactions, providing users with a reliable and efficient means of conducting business in the evolving digital...
Former Consensys Employee Launches Stablecoin ‘USD3’
30.5.2024
Former Consensys employee Jack Jia, and the founder of Stable.com has launched USD3, a “payments-first” new stablecoin despite the present lack of a regulatory framework and uncertainty around the market.
The post Former Consensys Employee Launches Stablecoin ‘USD3’ appeared first...
PayPal’s new stablecoin on Solana will offer ‘confidential transfers’
30.5.2024
Confidential transfers allow merchants to provide confidentiality for transaction amounts to their consumers while maintaining visibility for regulatory purposes
Stablecoin market cap rises to 2-year highs as dominance slides to 6%: CCData
30.5.2024
After eight consecutive months of ascent, the stablecoin market capitalization has risen to a 24-month high of $161 billion in May
PayPal Expands PYUSD to Solana Blockchain for Lower-Cost Transactions
29.5.2024
PayPal Holdings, Inc. announced the expansion of its stablecoin, PayPal USD (PYUSD), to the Solana blockchain to enhance transaction speeds and reduce costs, providing users greater flexibility and control.
The post PayPal Expands PYUSD to Solana Blockchain for Lower-Cost Transactions appeared...
Paypal Expands PYUSD to Solana Blockchain for Better Payment Solutions
29.5.2024
Payments giant Paypal has made Paypal USD (PYUSD) available on the Solana blockchain, making the stablecoin “faster and cheaper to use.” Platforms like Crypto.com, Phantom, and Paxos are among the first to offer PYUSD on Solana, alongside Paypal and Venmo wallets. Paypal Makes PYUSD Available...
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