Fri, November 22

Search Results for: stablecoin

Stablecoins Hit Record High Supply Hinting Further Bullish Momentum

Stablecoins Hit Record High Supply Hinting Further Bullish Momentum

With a total supply of almost $176.2 billion, stablecoins are at an all-time high. Token Terminal data shows that stablecoin supply has been rising again after a dip in the middle of 2022 and the beginning of 2023. When it probably reflected wider market retracements during the crypto winter. There

November 19, 2024 2 mins read
Binance Clarifies BFUSD Is Not a Stablecoin and Remains Unlaunched

Binance Clarifies BFUSD Is Not a Stablecoin and Remains Unlaunched

Binance’s announcement of a new asset, BFUSD, has sparked intense discussions in the crypto community. Although the platform advertised BFUSD as a high-yield margin asset with a 19.55% annual percentage yield (APY), many initially mistook it for a stablecoin due to its name and promotional comparisons to similar assets. Binance

November 19, 2024 2 mins read
Quantoz Launches MiCA-Compliant Stablecoins USDQ and EURQ

Quantoz Launches MiCA-Compliant Stablecoins USDQ and EURQ

Dutch fintech company Quantoz Payments has launched two MiCA-compliant stablecoins, USDQ and EURQ, with backing from Tether, Kraken, and Fabric Ventures. The tokens pegged to the U.S. dollar and euro, aim to provide a regulated and secure option for digital payments across Europe. These stablecoins will debut on November 18

November 18, 2024 2 mins read
USDT Stablecoin Issuer Tether Mints $1 Billion USDT on Tron

USDT Stablecoin Issuer Tether Mints $1 Billion USDT on Tron

Arkham Intelligence, a onchain analytics business, said that Tether minted $1 billion worth of USDT stablecoins on the Tron network without paying any fees for the massive transaction. A transaction from a Tron “black hole address” to Tether’s multisignature wallet starting with the characters “TBPxh” was identified on November 14

November 16, 2024 2 mins read
Major fintech and crypto players including Robinhood and Kraken launched the Global Dollar (USDG) stablecoin, featuring community rewards and regulatory compliance.

Major Crypto Giants Launch New Stablecoin Global Dollar (USDG)

A group of major players in the fintech and crypto world—Robinhood, Kraken, Galaxy Digital, and Paxos—have launched a new stablecoin, the Global Dollar (USDG), pegged to the US dollar and aimed at boosting accessibility and rewarding community engagement. [1 / 4] Today, we’re launching Global Dollar Network (@global_dollar ) —

November 5, 2024 2 mins read
Paxos Unveils USDG Stablecoin in Singapore

Paxos Unveils USDG Stablecoin in Singapore Backed by DBS

Paxos has officially launched the Global Dollar (USDG), a US dollar-backed stablecoin, in Singapore. This move aligns with the Monetary Authority of Singapore’s (MAS) regulatory framework. Furthermore, the stablecoin’s reserves will be managed by DBS Bank, Southeast Asia’s largest bank, which ensures high compliance with financial standards. (1/4) Today marks

November 1, 2024 2 mins read
Solayer Labs Launches First Treasury Bills-backed and Yield-bearing Restaking Stablecoin On Solana Network Dubbed sUSD (Solayer USD)

Solayer Labs Launches First Treasury Bills-backed and Yield-bearing Restaking Stablecoin On Solana Network Dubbed sUSD (Solayer USD)

Solana (SOL) network-based, Solayer Labs, a fast-growing restaking protocol with more than $281 million in total value locked (TVL), has announced the launch of its yield-bearing restaking stablecoin dubbed Solayer USD (sUSD). Backed by the United States short-term Treasury Bills (T-Bills), the sUSD intends to offer the crypto market a

October 30, 2024 3 mins read
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