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BBVA Enhances Institutional Crypto Solutions With USDC Integration
10.9.2024
BBVA has integrated stablecoin USDC into its services in Switzerland, allowing institutional clients to manage USDC alongside traditional investments. This move enhances efficiency and enables faster, secure crypto trading. The USDC addition follows previous integrations of bitcoin and ether...
Tether invests $100M in agriculture firm as stablecoin competition grows
8.9.2024
This is Tether’s first investment in the agriculture and food sector, after investments in artificial intelligence, Bitcoin mining operations, and digital education initiatives
Stablecoin Economy Expands $1.08B in 2 Weeks Despite Reductions in Key Coins
7.9.2024
In the past 15 days, the stablecoin economy experienced modest yet steady expansion, adding $1.08 billion to its overall value. During this time, tether’s market capitalization increased by 790 million. Modest $1.08B Growth in Stablecoin Market Since Aug. 23 Growth in the stablecoin economy...
Largest Japanese Banks to Use SWIFT-Linked Stablecoin System for Cross-Border Payments
7.9.2024
The largest Japanese banks—MUFG, SMBC, and Mizuho—plan to use a stablecoin-based system to facilitate cross-border payments in the future. The initiative, Project Pax, replaces correspondent banks with blockchain technology, linking it to SWIFT to allow users to initiate payments conventionally...
Legacy Payment Processors Charge Adult Sites a Fortune; MyPeach.AI Found a Crypto Solution
6.9.2024
Adult entertainment websites usually pay credit card companies through the nose. MyPeach.AI has found a stablecoin-powered workaround
Japan’s major banks back new stablecoin project for global trade
6.9.2024
Project Pax, backed by Japan’s top banks, seeks to streamline cross-border transactions using stablecoins, addressing inefficiencies identified by the G20
Thailand’s Mahidol University Partners With Tether to Integrate Blockchain and Stablecoin Education
4.9.2024
Tether and Mahidol University International College (MUIC), a prestigious institution in Thailand known for its diverse and international academic programs, have signed a Memorandum of Understanding (MOU) to integrate stablecoin, blockchain, and peer-to-peer (P2P) technology into MUIC’s curriculum....
Ripple CEO Announces XRP Stablecoin Will Arrive in Weeks
4.9.2024
At the Korea Blockchain Week, Brad Garlinghouse, CEO of Ripple, made a statement revealing that Ripple is expected…
Ripple USD Stablecoin Could be Issued in 'Weeks, Not Months': Garlinghouse
4.9.2024
The RLUSD will be fully backed by U.S. dollar assets, tested with enterprise partners, and will operate on the XRP Ledger and Ethereum blockchain
XRP Navigates 200-Day EMA as Garlinghouse Teases ‘Ripple USD’ Stablecoin
4.9.2024
In a broader market correction, with the crypto market cap trading below the $2 trillion valuation and the…
Maker, now Sky’s, stablecoin freeze process could be decided by decentralized court
4.9.2024
A “decentralized governance” body could decide the fate of frozen USDS if the stablecoin goes ahead with a freeze feature, says Sky co-founder Rune Christensen
Aave, Sky float partnership to bridge DeFi, TradFi
3.9.2024
The plan would create markets for DAI-replacement USDS on Aave
Aave, Sky float partnership to bridge DeFi, TradFi
3.9.2024
The plan would create markets for DAI-replacement USDS on Aave
USDE Drops to 5th Place Among Stablecoins as FDUSD Jumps Ahead
3.9.2024
Current stablecoin metrics show that USDE, the popular yield-bearing stablecoin, has slipped to fifth place among the top U.S. dollar-pegged tokens by market capitalization. Over the past three days, Ethena’s USDE supply has decreased by 130 million, pushing First Digital’s FDUSD into the fourth...
Latam Insights: Bukele Used Bitcoin as a Rebranding Tool; Bitcoin Mining Companies Stop Operating in Paraguay After Power Fee Hikes
2.9.2024
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news from the past week. In this issue: Salvadoran President Nayib Bukele acknowledges that bitcoin rebranded the country, some bitcoin mining companies have stopped operating in Paraguay after...
Bitso Report Shows Argentines Leading Stablecoin Adoption in Latam
31.8.2024
A recent report by Bitso, one of the largest crypto exchanges in Latin America, found that Argentines were especially inclined to use and purchase stablecoins over other cryptocurrencies. Six out of every ten cryptocurrency purchases in Argentina involved stablecoins during Q1 and Q2, as these...
Ethena’s USDE Sees Market Cap Shrink by $770M in Less Than 2 Months
30.8.2024
Based on the latest data, Ethena’s yield-generating stablecoin, USDE, has experienced a dramatic contraction in supply since July 4, 2024. Over the span of less than two months, its market capitalization has decreased by $770 million. Ethena’s USDE Supply Plummets as Competition Heats Up From Aug....
Bridge Fundraising for Stablecoin-Based Payments Network Totals $58M: Report
30.8.2024
Bridge, founded by Square and Coinbase alumni, recently raised $40 million in a round led by Sequoia and Ribbit
Are we moving to decentralization? Animoca’s Yat Siu thinks so
30.8.2024
In a recent podcast, Yat Siu discusses how Web3 and digital property rights will redefine the internet’s future
Ex-Square, Coinbase execs raise $58M for Bridge stablecoin network
30.8.2024
Bridge seeks to build a global stablecoin payment network to rival traditional systems like Swift and credit cards