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Ripple USD stablecoin, RLUSD, is gaining significant traction in the market, with the recently released February attestation report highlighting growth.In a tweet, Jack McDonald, SVP of Stablecoins at Ripple, stated that the February monthly independent attestation for RLUSD is live, going further a…
The Donald Trump-backed crypto venture World Liberty Financial launched a US dollar-pegged stablecoin with a total supply of more than $3.5 million.According to data from Etherscan and BscScan, the project launched the World Liberty Financial USD (USD1) token in early March. Former Binance CEO Chang…
Gold-backed stablecoins will outcompete US dollar-pegged alternatives worldwide due to gold's inflation-hedging properties and minimum volatility, according to Bitcoin maximalist Max Keiser.Keiser argued that gold is more trusted than the US dollar globally, and said governments of foreign nations …
Early in 2025, there was a significant surge in the stablecoin market, with a $20 billion increase in total supply. With a 10% increase from January, the total supply now stands at almost $205 billion. The spike, according to data from Glassnode, comes after a dip in late 2024, when the supply of st…
Movement on legislation to regulate stablecoins is underway this week as lawmakers in the House debated necessary provisions in the bill on Tuesday. The Senate committee will also assemble in the coming days to take a vote on proposed stablecoin rules.This is the moment for Congress to act, said Rep…
What is yield farming? Yield farming, also known as liquidity mining, is a decentralized finance (DeFi) strategy where cryptocurrency holders lend or stake their assets in various DeFi protocols to earn rewards. These rewards often come in the form of additional tokens, interest or a share of tran…
The U.S. Department of Housing and Urban Development is considering adopting cryptocurrency and blockchain in some of its operations, ProPublica reported, citing sources familiar with the matter.The HUD has held meetings to discuss the possibility of using blockchain to monitor HUD grants, according…
Cryptocurrency exchange Bybit plans to begin rewarding clients who hold or use Ethena’s USDtb stablecoin, which is backed by the BlackRock BUIDL token, starting this week."USDtb, an Ethena ecosystem stablecoin, backed by BlackRock BUIDL, has been listed on Bybit and will be available as margin colla…
The MEXC cryptocurrency exchange has invested in synthetic dollar protocol Ethena in a broader push to promote stablecoin development and adoption.On Feb. 26, MEXC said it allocated $20 million to Ethena’s synthetic US dollar, USDe (USDE), and $16 million to developer Ethena Labs. The exchange is al…
Brian Moynihan, the CEO of Bank of America, recently told an audience at the Economic Club of Washington DC that the commercial bank will likely launch a stablecoin if comprehensive legislation is passed in the United States.According to Fortune, the CEO told an audience at the Economic Club of Wash…
Blockchain infrastructure protocols Celo, Chainlink, Hyperlane and Velodrome have launched a crosschain version of Tether’s USDt on the OP Superchain, in a move designed to improve the interoperability and liquidity of the world’s most widely used stablecoin.According to a Feb. 18 announcement, the…
According to data provided by CryptoQuant, the total supply of the Ripple USD (RLUSD) token has now surpassed $120 million. This has been described as a "huge milestone" considering that it is a highly regulated stablecoin. As reported by U.Today, RLUSD surpassed the $100 million milestone in Januar…