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Stablecoins

Cantor Fitzgerald CEO advocates for stablecoins, tokenization

by Isaac Wright
Cantor Fitzgerald CEO advocates for stablecoins, tokenization

Howard Lutnick, the CEO of Cantor Fitzgerald, articulated his support for crypto stablecoins and the tokenization of financial assets. “Dollar hegemony is fundamental to the United States of America. It …

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USDC Issuer Circle Expands Support for Web3 Services on Solana

by Isaac Wright
USDC Issuer Circle Expands Support for Web3 Services on Solana

Fintech company Circle has announced support for Web3 services on the Layer 1 blockchain network, Solana. Circle said that the latest move highlighted the growing significance of stablecoins such as …

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Ethena Labs Adds Bitcoin Backing to its Synthetic Dollar-pegged USDe

by Isaac Wright
Ethena Labs Adds Bitcoin Backing to its Synthetic Dollar-pegged USDe

Ethena Labs, the creators of USDe, have incorporated Bitcoin (BTC) as backing into their synthetic dollar-pegged offering. This move aims to scale USDe’s supply from its current $2 billion mark. …

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Crypto Sleuth Who Exposed Terra’s Stablecoin Vulnerability Has Another Discovery ⋆ ZyCrypto

by Isaac Wright
Crypto Sleuth Who Exposed Terra’s Stablecoin Vulnerability Has Another Discovery ⋆ ZyCrypto

Advertisement &nbsp &nbsp Crypto sleuth TradFiWhale, renowned for his insightful predictions and relentless pursuit of vulnerabilities within cryptocurrency projects, has once again made waves in the digital asset community. …

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8% pullback a buying opportunity?

by Isaac Wright
8% pullback a buying opportunity?

The global cryptocurrency sector has shrunk 8.3% shedding over $220 billion in market cap over the week. Despite the pullback, fresh bullish market catalysts have emerged.  The crypto market slipped …

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Stablecoins Steal The Spotlight With $150 Billion Market Cap

by Isaac Wright
Stablecoins Steal The Spotlight With 0 Billion Market Cap

Stablecoins have recently achieved a significant milestone, surpassing $150 billion in market capitalization, with daily trading volume reaching $122 billion. This achievement marks a notable resurgence and growth in the …

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Tether to Launch USDT on EVM-Compatible Celo Blockchain

by Isaac Wright
Tether to Launch USDT on EVM-Compatible Celo Blockchain

Tether, the issuer of the largest stablecoin, USDT, has announced the launch of the asset on Celo, a carbon-negative, permissionless, Ethereum Virtual Machine-compatible network. According to a statement sent to …

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Ethena’s Yield Mechanism Unique from Terra’s Collapsed UST Stablecoin

by Isaac Wright
Ethena’s Yield Mechanism Unique from Terra’s Collapsed UST Stablecoin

The stablecoin initiative USDe by Ethena Labs has seen notable adoption, with its market cap surging by over 40% in the last week and by 400% in the last month, …

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Hong Kong financial affairs chief vows to move ahead with regulating stablecoins, over-the-counter crypto trading

by Anas Siddiqui
Hong Kong financial affairs chief vows to move ahead with regulating stablecoins, over-the-counter crypto trading

The Hong Kong government is committed to regulating stablecoins and over-the-counter (OTC) crypto exchanges, according to the city’s financial affairs chief, as regulators in the Asian financial hub continue to …

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UK Government Set to Introduce New Legislation on Stablecoins and Crypto Staking

by Isaac Wright
UK Government Set to Introduce New Legislation on Stablecoins and Crypto Staking

The UK government, through Economic Secretary Bim Afolami, plans to introduce legislation for stablecoins and crypto staking services within the next six months. The Bank of England and the Financial …

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