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Stablecoins

Fidelity Joins Tokenization Race Researching Stablecoins and Digital Treasury Products

by Isaac Wright
Fidelity Joins Tokenization Race Researching Stablecoins and Digital Treasury Products

In a post on X on Aug. 15, ETF Store president Nate Geraci cited a report stating that Fidelity’s digital asset management division was evaluating stablecoins and tokenized treasury products. …

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Crypto Market Still in Bull Cycle But There Are Worrying Signs: CryptoQuant

by Isaac Wright
Crypto Market Still in Bull Cycle But There Are Worrying Signs: CryptoQuant

The crypto market is in the red amid significant bloodshed from bitcoin (BTC) and altcoins. There is currently no bullish momentum, and BTC is hovering around key levels, falling below …

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Here’s How Much Stablecoin Transfer Volume Has Increased Over the Past 4 Years

by Isaac Wright
Here’s How Much Stablecoin Transfer Volume Has Increased Over the Past 4 Years

According to Token Terminal data, the monthly stablecoin transfer volume surged to over $1.68 trillion in April, marking a significant increase from the $100 billion recorded in October 2020. This …

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Volume Climbs Above $53B, Dwarfing Visa

by Isaac Wright
Volume Climbs Above B, Dwarfing Visa

USDT, Tether’s digital token pegged to traditional currencies, is leading a quiet revolution in the world of finance. In a landmark development, USDT has surpassed Visa’s average daily transaction volume …

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Stablecoins Could Capture 10% of Global Economy in the Next Decade: Circle CEO

by Isaac Wright
Stablecoins Could Capture 10% of Global Economy in the Next Decade: Circle CEO

Circle CEO Jeremy Allaire has stated that stablecoins could account for 10% of “global economic money” within the next decade or so. Allaire shared his vision in a June 19 …

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Uphold to end support for USDT, DAI, FRAX and other stablecoins ahead of MiCA

by Isaac Wright
Uphold to end support for USDT, DAI, FRAX and other stablecoins ahead of MiCA

Share this article New York-based crypto exchange Uphold will discontinue support for several stablecoins, such as Tether (USDT), Dai (DAI), and Frax Protocol (FRAX), in anticipation of the upcoming Markets …

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Major Ripple Advancements and Top XRP Price Forecasts as of Late

by Isaac Wright
Major Ripple Advancements and Top XRP Price Forecasts as of Late

TL;DR Ripple plans to launch a stablecoin, Ripple USD (RLUSD), in 2024 on the XRP Ledger and Ethereum, despite SEC’s criticism. Meanwhile, XRP’s price is down, but some analysts see …

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Important Update Regarding Ripple’s Stablecoin: Details

by Isaac Wright
Important Update Regarding Ripple’s Stablecoin: Details

TL;DR Ripple plans to introduce a stablecoin on the XRP Ledger and Ethereum later this year, aiming to bridge traditional finance and the cryptocurrency sector. The United States Securities and …

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Paxos Reportedly Downsizes Workforce by 20%: Details

by Isaac Wright
Paxos Reportedly Downsizes Workforce by 20%: Details

Stablecoin issuing company Paxos has laid off 20% of its workforce, decreasing its employee count by 65 individuals, Bloomberg reported Thursday, citing an internal email. According to the report, Paxos’ …

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Tether Dominates Polygon’s Stablecoin Market with $792M Cap, Growing 29% QoQ

by Isaac Wright
Tether Dominates Polygon’s Stablecoin Market with 2M Cap, Growing 29% QoQ

Polygon has witnessed a remarkable surge in its stablecoin market capitalization this quarter. According to the latest report from Messari, the Ethereum Layer 2 solution’s stablecoin market cap soared to a …

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