In May 2024, the stablecoin ecosystem rebounded, achieving a market capitalization of $161 billion, marking a 0.63% increase from the month’s outset. According to CCData, this marks the highest level …
Nearly a year after launching on Ethereum, PayPal’s stablecoin PYUSD is being introduced on the Solana blockchain. This move will enable users to choose between multiple blockchain networks, providing greater …
Chinese fund house Harvest Global Investments, one of the three issuers of Hong Kong’s first spot cryptocurrency exchange-traded funds (ETFs), is already thinking of a future that gives mainland investors …
TL;DR The SEC has criticized Ripple’s planned stablecoin, yet to be launched, as an “unregistered crypto asset,” continuing the longstanding conflict between the two. Due to the regulatory challenges in …
On May 7, the crypto oracle solutions provider announced that RD Technologies was integrating Chainlink CCIP and Proof of Reserve to power its Hong Kong dollar stablecoin. Chainlink’s Cross-Chain Interoperability …
Earlier this week, the largest stablecoin issuing company, Tether, revealed that it made more than $4.52 billion in net profit in the first quarter of 2024. With the firm having …
Blockchain technologies emerged as an important trend at an Asia fintech conference this week, along with artificial intelligence (AI). Out of the 139 talks and panels at the first Money20/20 …
The stablecoin market has recovered significantly from its plunge in the last two years due to the bear market, recording substantial volumes and activity since October 2023. According to a …
Share this article Binance has converted $1 billion from its Secure Asset Fund for Users (SAFU) into Circle’s stablecoin USD Coin (USDC), effectively placing the fund to represent approximately 3% …
Ethena is a synthetic dollar protocol on Ethereum that issues the stablecoin USDe. The asset aims to be a censorship-resistant and scalable form of digital money pegged to the US …