USDa is one of the world’s first Bitcoin-backed stablecoin in contrast to leading stablecoins such as USDT and USDC. Avalon Labs made waves in the industry when it first issued USDa. And, the stablecoin is now creating waves in the ongoing bull market with its TVL record. As per the
Ripple Labs has secured final approval from the New York State Department of Financial Services (NYDFS) for its RLUSD stablecoin. Ripple CEO Brad Garlinghouse announced the news on December 10, confirming that exchange and partner listings will follow shortly. This just in…we have final approval from @NYDFS for $RLUSD! Exchange
Tether, the largest stablecoin issuer, has minted $2 billion USDT in the last four days. This contributes to a total of $19 billion USDT minted on Ethereum and Tron since November 6. These funds have consistently flowed into various cryptocurrency exchanges, fueling market activity. During the same period, Bitcoin’s price
Schuman Financial, a cryptocurrency firm founded by former Binance executives Martin Bruncko and Eduardo Morrison, has launched EURØP, a euro-backed stablecoin. This move comes as Europe prepares for the final enforcement deadline of the Markets in Crypto-Assets Regulation (MiCA) at the end of 2024. EURØP is a 1:1 pegged stablecoin,
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
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
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 ) —
Stripe has acquired stablecoin platform Bridge in a landmark deal valued at $1.1 billion. TechCrunch founder Michael Arrington confirmed the news on X, making it Stripe’s largest acquisition ever. The deal also stands as the biggest acquisition in the history of the cryptocurrency industry. Bridge provides software that allows businesses
The Central Bank of the UAE has granted in-principal approval for the first AED stablecoin. Furthermore, this milestone, announced on October 13, 2024, marks a significant advancement in the UAE’s digital currency landscape. The stablecoin will be pegged to the UAE dirham, aiming to provide stability for digital transactions. Al
Record highs in stablecoin dynamics have increased market liquidity in the cryptocurrency sector. Bitcoin (BTC) and the whole cryptocurrency sector might take heart from this, since past performance indicates that more liquidity usually leads to higher prices. According to a new analysis by CryptoQuant, the combined value of the market
