A new project, Stable, is being built, and it has unveiled its work on a blockchain where USDT, Tether’s stablecoin, is the option for paying transaction fees. Adding more to this, peer-to-peer transactions can incentivize on-chain exchanges for users in emerging markets. The increasing demand for stablecoins has led to
Circle, one of the world’s leading issuers of USDC—a stablecoin pegged to the U.S. dollar—had a significant first day as a publicly traded company. When it debuted on the New York Stock Exchange on June 5, Circle’s stock price soared to $83.23, an impressive 168% jump above its initial offering
Uber, an American multinational transportation company, is now spreading its wings towards stablecoins to ease global payments and cut transaction costs linked with cross-border transactions. The chief executive officer of Uber, Dara Khosrowshahi, attended the Bloomberg Tech Summit in San Francisco on June 5, in which he revealed that the
The Trump family’s crypto project, World Liberty Financial, has become the talk of the town after its recent move. Reportedly, the project started airdropping 47 USD1 tokens to each blockchain wallet that participated in the WLFI token presale. This is raising concerns about whether it’s a marketing move with no
Binance continues to deepen its roots in the crypto market with each passing year. A recent statistics report by an on-chain data and analytics provider, CryptoQuant, further confirms Binance’s unbeatable role in the crypto market. User-friendly trading services, high liquidity, and transparency are the major highlights driving Binance adoption. CryptoQuant
Ripple is gradually strengthening its position in the crypto market by focusing on global expansion. Its 4-year-long lawsuit with the SEC came to an end after Trump’s presidency, and the project is witnessing growth and expansion across countries. Today marked a big milestone for Ripple as its native stablecoin, RLUSD,
Orbitals, an automated market maker (AMM) design, has been introduced by Paradigm researchers to transform the way stablecoin pools operate in decentralized finance. This proposal is made when the stablecoin market sets a new record of $250 billion in capitalization for the first time on June 2. Breaking Current DeFi
The stablecoin market has grown exponentially since the inception of asset-backed cryptocurrencies. Their current market cap is over $251 billion, amounting to 7.63% of the total crypto market capitalization. Top stablecoins like USDT and USDC are used by billions of crypto users all over the world. The increased popularity and
Alchemy Pay has officially integrated World Liberty Financial’s USD1 stablecoin into its global payment ecosystem, expanding accessibility to one of the fastest-growing dollar-pegged assets in the crypto market. The May 30 announcement confirmed that users in 173 countries can now buy USD1 using traditional payment methods such as Visa, Mastercard,
The Central African Republic is making waves in the crypto world. President Faustin-Archange Touadéra just signed a decree to turn over 1,700 hectares of land into digital tokens. Starting this June, people will be able to buy and sell land rights using the country’s very own token, $CAR, all running
