Ripple’s stablecoin, RLUSD, has officially launched on Bitget, a leading global cryptocurrency exchange. Trading began on May 29, 2025, at 10:00 UTC. This marks the fourth centralized exchange (CEX) listing for RLUSD this year, underscoring its accelerating adoption across the crypto ecosystem. The Bitget listing places RLUSD in the platform’s
According to a report by crypto analyst Miles Deutscher on YouTube, FTX Exchange will distribute more than $5 billion to creditors in stablecoins on Friday, May 30, marking the second largest payout since its bankruptcy. This distribution follows an initial $7 billion payment in February 2025. Together, these payments bring
Users can get into BGUSD using stablecoins like USDC or USDT, and if they ever want out, they can swap back 1:1 for USDC — no stress. For the early birds, Bitget’s throwing in a limited-time 30-day promo with a 5% yield, giving crypto users a solid way to earn
In a strategic decision toward modernizing its monetary system, the Bank of Korea (BOK) announced it is exploring the use of public blockchains to power its upcoming deposit tokens. The move, revealed by Deputy Governor Lee Jong-ryeol at the Blockchain Leaders Club in Seoul, signals a rare alignment between central
A recent projection by Scott Bessent, U.S. Treasury Secretary and current CEO of Key Square Group, estimates that stablecoin issuers could inject up to $2 trillion into the U.S. Treasury market. This forecast points to a significant shift in financial markets, driven by digital assets and new regulatory developments. During
Large banks venture into digital currency to remain competitive within the new crypto-financial environment. In a dramatic change of strategy, top US banking institutions JPMorgan Chase, Bank of America, Citigroup, Wells Fargo, and others are said to be in preliminary talks to issue a jointly created stablecoin. As quoted by
Braza Group has officially launched USDB, a new USD-pegged stablecoin issued on the XRP Ledger (XRPL), bringing a secure and cost-effective digital currency option to individuals and businesses in Brazil. The announcement, made on May 22, 2025, marks a significant leap in the company’s mission to modernize financial services and
In a landmark moment for the crypto world, the U.S. Senate has advanced the Guiding and Establishing National Innovation for U.S. Stablecoins Act of 2025, commonly known as the GENIUS Act, by voting 66-32 to close out the bill and vote on it one last time. The bill aims to
Tether’s withdrawal of USDT, the world’s most actively traded stablecoin, from the European market in response to MiCA regulations has created a humongous $150 billion liquidity gap. This sudden withdrawal has presented an opportunity for Ripple’s RLUSD to take dominance. The EU’s MiCA regulation that came into force in December
Stablecoin regulation has gained momentum after President Donald Trump stressed its importance several times. The President and other government officials, such as David Sacks, believe that US Dollar-backed stablecoins hold the potential to increase dollar dominance across the globe. Taking things forward, the US Senate advanced the long-awaited GENIUS Act
