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The Ever-Dwindling Chances for a Stablecoin Law
24.4.2024
Last week, U.S. Senators Cynthia Lummis (R-Wyo.) and Kirsten Gillibrand (D-N.Y.) introduced a joint bill addressing how stablecoins could be regulated in the country. It's the latest effort to try and get something done in the U.S. legislative front – but is it enough?
PDVSA to raise the usage of Tether stablecoin
23.4.2024
PDVSA, a state operated oil company in Venezuela, is preparing itself for raising the usage of Tether stablecoin for the export of crude and fuel oil, since the US now intends to introduce sanctions on the country, as per a report issued by Reuters. A short while back, a statement released...
Stablecoin Market Hits $160 Billion, Reaching Heights Not Seen Since Terra’s Crash
22.4.2024
This week, the value of the fiat-pegged cryptocurrency economy has climbed to $160 billion, a peak last observed in May 2022, shortly before Terra’s UST detached from its intended $1 parity on May 9, 2022. In the past month, various stablecoins have experienced an increase in supply, with...
Is Cardano’s new stablecoin a potential game changer?
22.4.2024
The main features of the Cardano platform are its high research focus, robustness, and sustainability. As a leader in cryptocurrency, it encourages the development of technologies like smart contracts and decentralized applications. Stablecoins are essential as the backbone of the crypto-ecosystem....
$60 Million USDT Already Issued on TON, Making it 11th Largest Blockchain for Tether
22.4.2024
The world's leading stablecoin issuer Tether has made a fast start on The Open Network (TON), issuing $60 million worth of USDT since integrating with the blockchain on April 19th.
The post $60 Million USDT Already Issued on TON, Making it 11th Largest Blockchain for Tether appeared first...
Nigerian Blockchain-Based Payment Startup, Ivorypay, Partners With Stablecoin Issuer, Tether
21.4.2024
A Nigerian startup specializing in blockchain-based payments and remittances has entered into a partnership arrangement with the stablecoin issuer Tether. The arrangement is expected to extend the benefits of stable digital transactions to a larger number of consumers and businesses across...
New Stablecoin Bill Faces Criticism for Stifling Innovation and Breaching First Amendment
20.4.2024
A new bill co-sponsored by Senators Cynthia Lummis and Kirsten Gillibrand, aimed at regulating stablecoins, has drawn criticism for potentially stifling innovation and breaching First Amendment rights. The bill includes a provision that bans all “algorithmic payment stablecoins,” which...
Stablecoin Market Climbs $2.81B in a Week, Nearing $160B Valuation
19.4.2024
Over the past seven days, the stablecoin sector has expanded by $2.81 billion, bringing the dollar-pegged cryptocurrency market close to a total valuation of $160 billion. A significant portion of this growth, exceeding $2 billion, is attributed to the increase in USDT’s market...
Telegram to Introduce USDT Payments With Telegram Wallet and the Open Network
19.4.2024
Telegram and Tether are joining forces to bring users the ability to send USDT payments through The Open Network (TON) and Telegram wallet, the founders of each organization said at Token2049 in Dubai on Friday. The announcement could signal increased use of USDT amidst rising efforts by U.S....
Crypto Payments Firm Triple-A Includes PayPal’s Stablecoin in Payment Options for Customers
19.4.2024
Singapore-based payments company Triple-A has announced plans to integrate PayPal's stablecoin into its list of supported tokens for customer payments.
The post Crypto Payments Firm Triple-A Includes PayPal’s Stablecoin in Payment Options for Customers appeared first on Cryptonews
Tether Is Expanding Its USDT Stablecoin to TON Network, Transparency Page Shows
19.4.2024
The TON network has seen rapid growth recently helped by incentives for onboarding Telegram users
How is Tether used as a stablecoin in Defi applications?
19.4.2024
DeFi, which stands for Decentralized Finance, has the potential to change the way financial services are being offered by eliminating the roles of intermediaries such as banks and brokers. Blockchain technology is a decentralized, transparent platform where individuals can enter the system...
XRP Price Prediction as Ripple Falls Behind USDC In Coin Rankings – What’s Going On?
19.4.2024
The XRP (XRP) price is struggling to keep up with a broader crypto market rebound on Thursday, rising just 1.4% in 24 hours as per CoinMarketCap versus gains of 3.5% for Bitcoin (BTC) and 4.5% for Solana (SOL), with XRP’s market cap having recently slipped below that of US dollar stablecoin Circle...
Sen. Lummis: It'll Pay to 'Choose Circle Over Tether' Under U.S. Stablecoin Proposal
18.4.2024
Circle Internet Financial would have a distinct advantage over global stablecoin leader Tether under U.S. regulations along the lines being suggested by new legislation, according to one of the latest bill's authors, Sen. Cynthia Lummis (R-Wyo.)
Tether Restructures with New Divisions Beyond Stablecoin Development
18.4.2024
This strategic move by Tether includes the introduction of four new business divisions: Tether Data, Tether Finance, Tether Power, and Tether Edu.
The post Tether Restructures with New Divisions Beyond Stablecoin Development appeared first on Cryptonews
US stablecoin legislation sparks hope for Ripple launch
18.4.2024
The new development led to a decline of 0.40% on Wednesday, and the session was closed at $0.4953. The United States Stablecoin Legislation garnered significant investor attention from all over the globe. The losing streak of XRP lost its extension to three sessions, and American senators Cynthia...
USDe Holders Should Monitor Ethena's Reserve Fund to Avoid Risk, CryptoQuant Warns
18.4.2024
Cryptocurrency data provider CryptoQuant has said that holders of Ethena Labs' USDe stablecoin should monitor the project's reserve fund to avoid risks related to the potential of a negative funding rate
Binance Converts User Emergency Fund Assets into USDC for Enhanced Stability
18.4.2024
Binance has made a significant strategic move by converting the entire pool of assets held in its emergency fund for users into USDC (USD Coin), a stablecoin issued by Circle Internet Financial.
The post Binance Converts User Emergency Fund Assets into USDC for Enhanced Stability appeared first...
Could Stablecoin Ethena (USDe) Collapse Like Terra LUNA? CryptoQuant Investigates
18.4.2024
Ethena (USDe) needs a sufficient reserve fund to stay solvent as its market cap grows, analysts say.
The post Could Stablecoin Ethena (USDe) Collapse Like Terra LUNA? CryptoQuant Investigates appeared first on Cryptonews
Crypto-Skeptic Senator Sherrod Brown Open To Stablecoin Legislation, Bloomberg Reports
17.4.2024
Staunch crypto-skeptic Senator Sherrod Brown (D-H) is open to passing a stablecoin bill, a Tuesday report from Bloomberg reveals. Brown's willingness to advance the legislation comes amidst news of the introduction of Representatives Cynthia Lummis (R-WY) and Kirsten Gillibrand's (D-NY)...