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Mass Liquidations Impact Over 100,000 Traders Amid Crypto Market Downturn
3.10.2024
Bitcoin’s price briefly dipped to an intraday low of $59,860 shortly after 9 a.m. EDT on Oct. 3, 2024. As of 1 p.m., the cryptocurrency is trading above the $60,000 mark, though it continues to face challenges in maintaining this key psychological level. Crypto Market Sell-Off Drives Traders...
Visa launches tokenized asset platform for digital asset management
3.10.2024
Visa announced its tokenized asset platform for issuing and managing digital assets, which includes stablecoins and CBDCs, to meet growing demand in the blockchain space
Tron Network posts record $577M revenue in Q3
3.10.2024
The Tron network has posted record quarterly revenue largely driven by increasing stablecoin activity and an effort to capture a slice of the growing memecoin market
Stablecoins now 43% of Sub-Saharan Africa crypto tx volume: Chainalysis
2.10.2024
Nigeria and Ethiopia have both experienced local currency devaluation which has driven stablecoin adoption.
Bitwage CEO: Stablecoins Have Been a Lifesaver for Argentines
2.10.2024
Jonathan Chester, CEO of Bitwage, has detailed how the company has been serving Argentine remote workers who prefer collecting payments from employers abroad in stablecoins. Chester stated that 70% of its customers in the country use stablecoins, reinforcing that these have helped Argentines...
Tether's USDT Has Uses Beyond Crypto Markets, Trading: CEO Paolo Ardoino
1.10.2024
Ardoino says there's more of a need for stablecoins outside the U.S., especially in countries with rampant inflation and shoddy financial infrastructure
Gemini’s exit from Canada: What’s driving crypto exchanges out?
1.10.2024
Gemini’s exit came just a few days after the Canadian Securities Administrators released an update to crypto trading firms about stablecoins
Open Interest in XRP Zooms to $1B as Ripple Tests RLUSD Stablecoin
1.10.2024
Recent activities include minting significant amounts of RLUSD, suggesting the testing phase might be wrapping up or moving into a more active phase of development
Why Stablecoins Fail: Lessons From the Past
29.9.2024
Stablecoins, the cryptocurrencies pegged to fiat currencies like the U.S. dollar to keep their value steady, can still face failures. Several well-known examples demonstrate that maintaining stability is more challenging than it appears. So, how does something designed to be ‘stable’...
Fed’s dovish move to slash $625M in interest income for stablecoins
27.9.2024
CCData estimates stablecoins will lose approximately $625 million in interest income for each 50-basis point cut. Further cuts in 2024 could reduce annual revenue by as much as $1.5 billion
Robinhood, Revolut eye entry into the stablecoin market — Report
26.9.2024
Both Robinhood and Revolut are reportedly considering issuing their own stablecoins as the industry continues to expand
Ethena Announces UStb Stablecoin Backed by Blackrock's BUIDL
26.9.2024
Reserves for UStb will be invested in BUIDL, which in turn holds U.S. dollars, U.S. Treasury bills, and repurchase agreements
Stablecoins Will Drive Institutional Adoption in Asia: Chainalysis CEO
25.9.2024
Stablecoins will drive institutional adoption in Asia, "even if regulators are not happy with it," Chainalysis co-founder and CEO Michael Gronager said in an interview
Assetera launches secondary tokenized RWA market on Polygon
25.9.2024
Assetera will provide Europe's first regulated secondary tokenized real-world asset marketplace
Assetera launches secondary tokenized RWA market on Polygon
25.9.2024
Assetera will provide Europe's first regulated secondary tokenized real-world asset marketplace
TrustToken, TrueCoin Settle With SEC Over Fraud Accusations in Stablecoin Investing
24.9.2024
TrustToken and TrueCoin – now rebranded and under the umbrella of Archbock Inc. – settled accusations that they knowingly misrepresented the backing of the TrueUSD {{TUSD}} stablecoin and offered securities tied to it without properly registering, the U.S. Securities and Exchange Commission said...
Stablecoins and crypto are threatening fiat money dominance in Eastern Asia
23.9.2024
Hong Kong emerged as the fastest-growing Eastern Asian country in terms of global crypto adoption, with 40% of the region’s value received in stablecoins
Stablecoins and crypto are threatening fiat money dominance in Eastern Asia
23.9.2024
Hong Kong emerged as the fastest-growing Eastern Asian country in terms of global crypto adoption, with 40% of the region’s value received in stablecoins
Stablecoin Market Adds $1B in Six Days as Major Tokens Expand
21.9.2024
In the past month, the stablecoin market has kept its upward momentum, with four out of the top five U.S. dollar-pegged tokens increasing in supply. Since Sept. 15, the stablecoin economy has expanded by $1.04 billion, all within just six days. Tether, USDC See Supply Boosts as Stablecoin Market...
Tether’s transparency and business structure raises $118B FTX-like concerns
20.9.2024
Tether’s market share surpassed 75% of the entire stablecoin market, fueling concerns over the stablecoin giant's influencer over the crypto industry