The stablecoin market cap has reached a new all-time high of $168 billion after 11 months of consecutive growth, driven by new money entering the market and steady gains from leading stablecoins like Tether and USD Coin.
Stablecoins have received lots of love and support from the crypto industry due to their efficiency in maintaining price stability. USD Coin (USDC) is one of the most popular stablecoins in the market.
Stablecoins play a significant role in the crypto market. In contrast to many other volatile crypto assets, these virtual currencies are designed to maintain a fixed and stable value.
The Aave community has sought to update the risk parameters of MakerDAO’s Dai stablecoin to minimize the potential risks associated with the token’s issuance policy.
OKX has announced its plans to remove 26 spot trading pairs from its platform by November 10, citing that the flagged trading pairs no longer meet its listing criteria.
Changpeng Zhao quashed the rumors of Binance delisting stablecoins by June 30, 2024, noting the comments made by the exchange’s representative were taken out of context.
Stablecoin issuer Circle has launched USD Coin on the Polkadot Asset Hub, allowing users to access their USDC holdings on DOT parachains via the XCM protocol.
In a recent interview, Circle CEO Jeremy Allaire claimed that stablecoins pegged to the Chinese Yuan are better at facilitating cross-country trades than Central Bank Digital Currencies (CBDCs).
In a recent interview, Circle CEO Jeremy Allaire said the company may issue a new stablecoin in Japan weeks after Japan’s landmark framework for the regulation of stablecoins came into effect.
Tether CTO Paolo Ardoino denied exposure to Signature Bank following reports about the stablecoin issuer using the now-defunct bank to gain access to the US banking system.
Tether CTO Paolo Ardoino expects the firm’s profits for the first quarter of 2023 to hit $700M. He also revealed that Tether currently holds $1.7B in excess reserves.
Binance CEO Changpeng Zhao said the exchange will convert nearly $1B worth of Industry Recovery Initiative funds into native crypto assets following recent turmoil in the stablecoin market.
Changpeng Zhao claimed that the pressure from regulators may shrink the USD stablecoin market and cause the crypto industry to switch to non-USD stablecoins.
The Aave community members are considering a proposal that seeks to freeze BUSD reserves on Aave V2 following the recent crackdown on the stablecoin by regulators.
Celsius has been granted an extension of its exclusivity period by the court. The company promises to utilize this period to develop plans for a stand-alone business and the benefits of its customers and stakeholders.
Decentralized credit marketplace, Credix Finance, is partnering with digital lender, Clave, to bring debt capital markets on-chain with the launch of a $150M stablecoin credit pool. The credit facility will open in 2023.
Several stablecoins have recently seen their market capitalization drop by a few billion. This may be due to various factors. But here’s what we know about the downtrend.
A study published by KPMG China and Aspen Digital revealed that a majority of Singapore and Hong Kong elites are increasingly investing in digital assets.
BUSD's stablecoin market share increased to its highest level at 15.48%. The token's market capitalization also grew by 22.88% within the past 2 months.
Developers may now mint, send, and receive assets on the bitcoin blockchain as Lightning Labs releases the test version of its Taro daemon. Taro will also have additional functionalities, including universes.
The Texas and Vermont regulators raised concerns over Celsius' request to sell its $23M worth of stablecoin assets to generate liquidity for its operations.
The report published by Bitcoin Policy Institute addressed the structural problems prevalent in Central Bank Digital Currencies and argued that Bitcoin and stablecoins serve as better alternatives to CBDCs.
After suspending services in Japan in 2018, Binance now seeks a license to resume its operations. Binance's renewed interest in operating in Japan is due to the nation softening its stance on crypto.
US Judge has ordered Tether to provide financial records on the backing of USDT as part of a bitcoin inflation conspiracy case. The Judge also dismissed Tether’s motion to block the release as the information is vital.
WazirX has announced the delisting of three stablecoins: USDC, USDP, and TUSD, and their auto-conversion to Binance USD. Like Binance, WazirX believes this move would help enhance liquidity and capital efficiency.
In the coming weeks, Binance would stop supporting USDC and other stablecoins in a bid to increase liquidity. This doesn't mean that they are delisting these tokens as users can still deposit and withdraw them.
Stablecoins have received lots of love and support from the crypto industry due to their efficiency in maintaining price stability. USD Coin (USDC) is one of the most popular stablecoins in the market.
Stablecoins play a significant role in the crypto market. In contrast to many other volatile crypto assets, these virtual currencies are designed to maintain a fixed and stable value.
The Aave community has sought to update the risk parameters of MakerDAO’s Dai stablecoin to minimize the potential risks associated with the token’s issuance policy.
OKX has announced its plans to remove 26 spot trading pairs from its platform by November 10, citing that the flagged trading pairs no longer meet its listing criteria.
Changpeng Zhao quashed the rumors of Binance delisting stablecoins by June 30, 2024, noting the comments made by the exchange’s representative were taken out of context.
Stablecoin issuer Circle has launched USD Coin on the Polkadot Asset Hub, allowing users to access their USDC holdings on DOT parachains via the XCM protocol.
In a recent interview, Circle CEO Jeremy Allaire claimed that stablecoins pegged to the Chinese Yuan are better at facilitating cross-country trades than Central Bank Digital Currencies (CBDCs).
In a recent interview, Circle CEO Jeremy Allaire said the company may issue a new stablecoin in Japan weeks after Japan’s landmark framework for the regulation of stablecoins came into effect.
Tether CTO Paolo Ardoino denied exposure to Signature Bank following reports about the stablecoin issuer using the now-defunct bank to gain access to the US banking system.
Tether CTO Paolo Ardoino expects the firm’s profits for the first quarter of 2023 to hit $700M. He also revealed that Tether currently holds $1.7B in excess reserves.
Binance CEO Changpeng Zhao said the exchange will convert nearly $1B worth of Industry Recovery Initiative funds into native crypto assets following recent turmoil in the stablecoin market.
Changpeng Zhao claimed that the pressure from regulators may shrink the USD stablecoin market and cause the crypto industry to switch to non-USD stablecoins.
The Aave community members are considering a proposal that seeks to freeze BUSD reserves on Aave V2 following the recent crackdown on the stablecoin by regulators.
Celsius has been granted an extension of its exclusivity period by the court. The company promises to utilize this period to develop plans for a stand-alone business and the benefits of its customers and stakeholders.
Decentralized credit marketplace, Credix Finance, is partnering with digital lender, Clave, to bring debt capital markets on-chain with the launch of a $150M stablecoin credit pool. The credit facility will open in 2023.
Several stablecoins have recently seen their market capitalization drop by a few billion. This may be due to various factors. But here’s what we know about the downtrend.
A study published by KPMG China and Aspen Digital revealed that a majority of Singapore and Hong Kong elites are increasingly investing in digital assets.
BUSD's stablecoin market share increased to its highest level at 15.48%. The token's market capitalization also grew by 22.88% within the past 2 months.
Developers may now mint, send, and receive assets on the bitcoin blockchain as Lightning Labs releases the test version of its Taro daemon. Taro will also have additional functionalities, including universes.
The Texas and Vermont regulators raised concerns over Celsius' request to sell its $23M worth of stablecoin assets to generate liquidity for its operations.
The report published by Bitcoin Policy Institute addressed the structural problems prevalent in Central Bank Digital Currencies and argued that Bitcoin and stablecoins serve as better alternatives to CBDCs.
After suspending services in Japan in 2018, Binance now seeks a license to resume its operations. Binance's renewed interest in operating in Japan is due to the nation softening its stance on crypto.
US Judge has ordered Tether to provide financial records on the backing of USDT as part of a bitcoin inflation conspiracy case. The Judge also dismissed Tether’s motion to block the release as the information is vital.
WazirX has announced the delisting of three stablecoins: USDC, USDP, and TUSD, and their auto-conversion to Binance USD. Like Binance, WazirX believes this move would help enhance liquidity and capital efficiency.
In the coming weeks, Binance would stop supporting USDC and other stablecoins in a bid to increase liquidity. This doesn't mean that they are delisting these tokens as users can still deposit and withdraw them.
