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FDUSD Climbs the Stablecoin Ladder, Fueled by Trading Volume and Supply Growth
8.3.2024
Statistics indicate that the first digital usd (FDUSD), a recently introduced fiat-pegged token launched in August 2023, has risen to become the fourth-largest stablecoin based on market capitalization. Currently, FDUSD holds the fourth position in terms of 24-hour global trading volume. FDUSD...
USD-Pegged Stablecoins Could Boost Dollar Dominance: Fed Governor
16.2.2024
The US Fed Governor Christopher Waller, who previously voiced cryptos are “risky,” now throws a positive stance on dollar-pegged stablecoins. Speaking at a conference in Nassau, Bahamas on Thursday, Waller said that decentralized finance (DeFi) could actually boost dollar dominance. He stressed...
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...
USDC Stablecoin Temporarily Depegs to $0.76 on Binance Amid Market Turbulence
4.1.2024
Circle’s USDC, typically pegged to the dollar, experienced unexpected volatility on Binance, dipping as low as $0.76 amidst a market rattled by Bitcoin ETF skepticism and a significant liquidation in derivatives. USDC Temporarily Depegs on Binance Amidst Crypto Market Sell-Off In...
Paypal and First Digital Stablecoins Dominate in December as Binance USD Heads Toward Extinction
2.1.2024
The leading stablecoins, in terms of market capitalization, concluded 2023 with a combined value of around $131.69 billion, yet only two of the top ten experienced increases in 30-day supply. Data reveals that tether, the leading U.S. dollar-pegged crypto asset, observed a 2.5% uptick in...
FDUSD Rockets to $1.6B Market Cap, Becoming Fifth Largest Fiat-Pegged Crypto Amid Binance Concentration
17.12.2023
In the fortnight since Dec. 2, 2023, the stablecoin asset first digital usd (FDUSD) experienced a notable expansion, increasing its supply by 690 million coins. As of Dec. 17, 2023, this surge has elevated its market capitalization to a significant $1.61 billion. This period witnessed...
More Major South Korean Exchanges Begin Listing USDT
8.12.2023
Source: FellowNeko/Adobe Another leading South Korean crypto exchange has listed the US dollar-pegged stablecoin USDT as global trading volumes begin to climb. Per Kyunghyang Games, Bithumb – the second biggest exchange in the nation – launched support for the coin on December 7. The listing...
FDUSD Nears $1 Billion Cap — A Rapid 253% Surge in Supply Since August
2.12.2023
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...
New Zealand’s Kiwi Dollar-Pegged Stablecoin NZDD Embarks With New Self-Custody Wallet
22.11.2023
Source: Pixabay New Zealand-based crypto exchange Easy Crypto and Australian blockchain firm Labrys launched a new NZ dollar-pegged stablecoin on Wednesday. Dubbed NZDD, the stablecoin will be regulated by the New Zealand Financial Markets Authority, a company statement read. The stablecoin will...
Deloitte & Paxos Share Insights on Stablecoins and Financial Innovation – Here’s What You Need to Know
8.11.2023
Deloitte. Source: Adobe / Tobias Arhelger Banks and large institutional players are looking for avenues into the stablecoin industry following PayPal’s latest crypto foray, according to Deloitte Principal and Partner Richard Rosenthal. In conversation with Paxos Head of Strategy Walter Hessert,...
PayPal faces SEC action related to PYUSD stablecoin: Report
2.11.2023
PayPal was the first significant fintech firm to adopt digital currencies for payments and transfers after launching its stablecoin in August
USDC Issuer Circle Collaborates with Taiwanese Firms to Bring Loyalty Points to Crypto Services
26.10.2023
Global fintech firm Circle, which issues dollar-pegged USDC stablecoin, will soon offer loyalty points to stablecoin conversion service in Taiwan. Circle has collaborated with two Taiwanese firms – crypto exchange BitoGroup and convenience store chain Taiwan FamilyMart – to launch...
Paypal Selects Crypto.com as ‘Preferred Exchange’ for PYUSD Stablecoin
30.9.2023
Paypal has chosen Crypto.com as the “preferred exchange” for its recently launched stablecoin issued by the blockchain company Paxos. The partnership with the trading platform seeks to prop the U.S. dollar-pegged cryptocurrency which has already listed the coin and provides liquidity for...
BUSD Falls to Fifth Among Stablecoin Leaders; TUSD and FDUSD Supplies Surge in a 3-Day Span
3.9.2023
The stablecoin landscape witnessed a shifting dynamic this week, with the once fourth-largest stablecoin, binance usd (BUSD), relinquishing its position. This change arises from the crypto asset’s supply dwindling below the 3 billion mark, while in a surprising twist, the stablecoin trueusd...
Lira-Backed TRYB Token Becomes World's Second-Largest Non-Dollar-Pegged Stablecoin
1.9.2023
The market cap of BiLira's TRYB token has increased more than 300% to $136.10 million, the second-highest among non-U.S. dollar-pegged stablecoins
PYUSD’s Modest Footprint: A Tale of Languid Activity Amidst Stablecoin Titans
30.8.2023
Following Paypal’s declaration about the introduction of a fresh stablecoin, the smart contract address has revealed that the quantity of PYUSD stood at approximately 26.9 million. In the subsequent 22 days, the supply of PYUSD has risen by over 60%, now totaling 43.3 million....
Congresswoman Maxine Waters Criticizes PayPal's Entry into Dollar-Pegged Stablecoin Arena Without Federal Regulatory Approval
10.8.2023
On Wednesday, Democratic Congresswoman Maxine Waters (D-CA) criticized PayPal's launch of its new dollar-backed stablecoin, PYUSD, as she believed the company should have waited for federal regulatory approval before proceeding.
"I am deeply concerned that PayPal has chosen to launch...
US Representative Patrick McHenry: Stablecoins ‘Hold Promise as a Pillar of Our 21st-Century Payments System’
8.8.2023
Representative Patrick McHenry, chairman of the House Financial Services Committee, weighed in positively on the launch of PYUSD, a dollar-pegged stablecoin issued by Paypal, a U.S.-based payments company. McHenry stated that if properly regulated, stablecoins “hold promise as a pillar of...
PayPal to Issue Dollar-Pegged Crypto Stablecoin Based on Ethereum
7.8.2023
The PayPal USD will be pegged to U.S. dollars and issued by Paxos Trust
Latin American Crypto Company Ripio Launches U.S. Dollar-Pegged Stablecoin
3.8.2023
The cryptocurrency is hosted on LaChain, a recently started blockchain focused on the region