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Asymmetry, Ampleforth launch afUSD to rival Ethena’s synthetic dollar
12.6.2024
Asymmetry Finance’s afUSD synthetic dollar is based on Ampleforth’s supply adjustment mechanism, which stabilizes prices through elastic supply
Ripple CEO Unveils New Stablecoin Name at XRP Ledger Community Summit
12.6.2024
In a significant announcement at the XRP Ledger Community Summit (#XRPL Apex) held in Amsterdam from 11-13 June 2024, Brad Garlinghouse, the CEO of Ripple, unveiled the name of Ripple’s new stablecoin – $RLUSD. Garlinghouse expressed his fondness for the name, stating, “I like...
Ripple Labs closes Standard Custody acquisition deal
11.6.2024
Jack McDonald will remain CEO of Standard Custody while also serving in his new role as senior vice president of stablecoins at Ripple
‘Not a classic VC’: Tether plans to invest up to $1B in one year
11.6.2024
Tether’s VC arm has already spent about $2 billion on tech like AI and alternative financial infrastructure over the past two years
Stablecoin Issuers Want to Give Something Back in Multi-Trillion-Dollar Market Race
10.6.2024
Amid a new generation of yield-bearing stablecoins, PayPal is confident in its purely payments-focused PYUSD
$16B Injected Into Stablecoin Economy in 90 Days; Tether Claims 69% of Total
9.6.2024
Over the last 90 days, the stablecoin economy expanded by over 11%, with $16.23 billion infused into the market of fiat-pegged crypto tokens. In the past 30 days, USDE, the fourth largest U.S. dollar-pegged coin, experienced a 46.1% increase in its supply. Stablecoin Market Swelled Last Season;...
Tether, Nodo Partner to Drive Stablecoin and Bitcoin Education in Africa
7.6.2024
Stablecoin issuer Tether has partnered with Nodo to educate prospective African users about the use cases of stablecoins and facilitate transactions with the former’s digital asset. The six-month campaign will include Ask Me Anything (AMA) sessions, workshops, and question-and-answer...
Lift Dollar, a new stablecoin from Paxos International
6.6.2024
The new project exemplifies Paxos International’s dedication to supporting widespread stablecoin usage and industry expansion. The most notable advantage of the new offering is that investors will profit from the yield obtained on reserves. The new product introduction serves to solidify...
Paxos International Debuts ‘Lift Dollar’ Stablecoin With Daily Yields
6.6.2024
The blockchain and tokenization infrastructure platform Paxos has announced Paxos International has launched a new yield-bearing stablecoin called lift dollar (USDL). The stablecoin’s holders will earn overnight yield from short-term U.S. government securities and cash equivalent reserve assets...
Tether Invests $18.75M in XREX Group to Facilitate Launch of Gold-Backed Stablecoin
6.6.2024
Tether, the issuer of the USDT stablecoin and a leading player in the digital asset industry, has made a strategic investment of $18.75M in XREX Group, a fully regulated, blockchain-enabled financial institution. The investment aims to drive innovation in the digital asset industry and facilitate...
Paxos International to issue regulated interest-paying stablecoin
5.6.2024
The international arm of New York-based Paxos will issue a U.S. dollar-pegged stablecoin that will not be available in the United States
Paxos Unveils Yield-Generating Stablecoin Lift Dollar
5.6.2024
USDL is issued in the UAE and regulated by the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM)
M^0 secures $35M Series A round for stablecoin issuance network
5.6.2024
As part of the fundraising, M^0 has deployed its core protocol and on-chain governance mechanism on the Ethereum mainnet
UAE central bank approves licensing system for stablecoins
5.6.2024
KARM Legal Consultants founder Kokila Alagh said that the regulations clarify the issuance, licensing and supervision of AED-backed payment tokens
Tether announces strategic investment and launch of XAU1 stablecoin
5.6.2024
Tether invests $18.75 million in XREX Group and launches XAU1 stablecoin to enhance cross-border B2B payments and regulatory technology
Multicoin, Coinbase Ventures Invest in Latin American Stablecoin-Powered SuperApp El Dorado
4.6.2024
Stablecoin adoption is soaring in the region as many people turn to the crypto tokens as a shield against currency devaluation and cheap remittances
Binance Announces Restrictions on Unauthorized Stablecoins in EU to Comply With MiCA Regulations
4.6.2024
Crypto exchange Binance announced Monday its strategy to comply with the forthcoming Markets in Crypto Assets Regulation (MiCA) stablecoin rules, set to take effect on June 30 across the European Economic Area (EEA). These regulations will restrict the issuance and offering of stablecoins...
Binance prepares for MiCA rules, updates stablecoin strategy
3.6.2024
Binance will ease European users’ transition from unauthorized to regulated stablecoins with a “sell-only” strategy
Ethena’s USDE Stablecoin Surpasses $3 Billion, Flipping First Digital’s FDUSD
2.6.2024
This weekend, Ethena’s synthetic U.S. dollar stablecoin USDE reached the $3 billion range. As of June 2, 2024, USDE has surpassed First Digital’s FDUSD stablecoin. Ethena’s Synthetic Stablecoin USDE Exceeds $3 Billion Launched in February, the synthetic U.S. dollar stablecoin USDE, which offers...
Dragonfly-Backed Stablecoin, Agora, to Launch Natively on Sui
31.5.2024
Agora, a stablecoin company that recently raised $12 million in its Series A funding round led by Dragonfly, has announced that it will launch its AUSD token natively on Sui. The company aims to produce a better stablecoin focusing on emerging markets, and sharing the revenue obtained with partners...