In a significant expansion of its digital asset offerings, cryptocurrency exchange Gemini has officially listed Ripple’s RLUSD stablecoin for trading. The platform announced that users can now deposit, withdraw, and trade the dollar-backed token on the platform. This marks it as the 15th exchange to support this emerging stablecoin. Strategic
Tether, the world’s largest stablecoin issuer, is preparing to launch a new U.S.-based dollar-pegged stablecoin by the end of 2025 or early next year. CEO Paolo Ardoino broke the news during an interview at the Token2049 conference in Dubai, where he emphasised a change in company strategy toward closer regulatory
PayPal just got a significant win in the world of digital finance. On April 29, the company revealed in a regulatory filing that the U.S. Securities and Exchange Commission (SEC) has closed its investigation into its U.S. dollar-backed stablecoin, PYUSD. The agency said it doesn’t plan to take any enforcement
Three major institutions in Abu Dhabi have jointly announced the proposed launch of a new dirham-pegged stablecoin. The initiative, which awaits regulatory approval, brings together sovereign wealth fund ADQ, First Abu Dhabi Bank (FAB), and the International Holding Company (IHC). Project Tied to UAE’s Regulatory and Currency Framework According to
Stablecoins are set to shift from the periphery to the mainstream in the world of crypto, says a new report from the Citi Institute. The report forecasts that the total stablecoin market cap could reach $1.6 trillion by 2030 and possibly soar to $3.7 trillion if adoption accelerates. These crypto
Coinbase announced on April 24 that it has widened its partnership with PayPal to strengthen the impact of PayPal USD (PYUSD). The exchange has plans to strengthen the stablecoin infrastructure and accessibility. Coinbase has also committed to back effortless and no-cost conversions between PYUSD and USD. The partnership will permit
Stablecoins have become an undeniable part of the crypto industry by merging traditional finance with digital finance. The prevalence of their usage in traditional finance has called for regulatory scrutiny across various countries. Today, stablecoin regulation is on the front lines when it comes to regulating the broader crypto market.
PayPal is stepping forward in terms of its stablecoin development and adoption with a new announcement. It is planning to offer a 3.7% annual return on its PYUSD stablecoin balance to its users. The yield accumulates daily, and users will receive it on a monthly basis. Payment platform PayPal seems
Noble plans to develop its blockchain platform through “AppLayer” which functions as an Ethereum-compatible rollup. The new platform will allow developers to create complex financial instruments for stablecoins and real-world assets (RWAs). Noble continues its evolution as a specialized blockchain for stablecoin issuance through this significant announcement made since its
The SUI token is showing promising signs of a bullish reversal despite the broader cryptocurrency market experiencing a slight slowdown in momentum. Currently trading at $2.16 after a 2.60% intraday recovery, SUI appears poised for a potential breakout above key resistance levels that could ignite a more substantial rally in
