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Vice Chair of the Federal Reserve for Supervision Michael Barr, who has been adamant about a need for stablecoin regulation, will step down from that role in late February.The U.S. Federal Reserve Board said on Monday that Barr would be stepping down as vice chair for supervision but will continue tâŚ
Reece Merrick, Rippleâs Managing Director for the Middle East and Africa (MEA), took to the social media platform X earlier today to reflect on a transformative year for cryptocurrency while outlining Rippleâs vision for the future of digital assets in the region. Merrick emphasized the UAEâs pioneeâŚ
Decentralized finance (DeFi) protocol Ethenaâs stablecoin, USDe, has surpassed Skyâs Dai in total market capitalization, becoming the third-largest stablecoin after Tetherâs USDt and USD Coin , according to data from DefiLlama.At less than $6 billion in market capitalizatioin, USDe still greatly lâŚ
The U.K. government plans to unveil draft regulations for the crypto and stablecoin markets in early 2025, Bloomberg has reported. According to the publication, Prime Minister Keir Starmerâs administration aims to establish a regulatory framework for overseeing the crypto industry,âŚ
Binance clarified that BFUSD is a reward-bearing margin asset, not a stablecoin. The announcement triggered concerns, with many comparing BFUSD to the collapse of TerraUSD (UST). Binance has clarified the nature of its new asset, BFUSD, stating that it is a reward-bearing margin asset rather than a âŚ
Sky, a decentralized finance (DeFi) lending and borrowing protocol formerly known as Maker, has officially launched its USDS stablecoin on the Solana blockchain. The implementation of USDS on Solana is made possible through Wormholeâs Native Token Transfer, which allows the stablecoin to operate as âŚ
Binance clarified that BFUSD isnât a stablecoin amid comparisons to UST.
The exchange stablecoin ratio (ESR) is an on-chain metric that indicates the balance of liquidity between Bitcoin and stablecoins held on exchanges. The metric is calculated as the ratio of the total Bitcoin reserves to the total stablecoin reserves, essentially showing the marketâs buying power andâŚ
The crypto market has witnessed a significant influx of about $10 billion in new capital following President Donald Trumpâs victory in the US elections on Nov. 5. DeFiLlama data shows that Tetherâs USDT led the charge, rising $8 billion to a new record of $128 billion. Circleâs USDC followed closelyâŚ
Binance has introduced a new stablecoin, BFUSD, with an annual percentage yield of 19.55%. The stablecoin is designed to appeal to crypto users seeking passive income. The total supply of BFUSD is capped at 20 million tokens, and the stablecoinâŚ
The so-called "reward-bearing margin asset for futures trading" will pay out nearly 20% APY returns to holders.
Over the past 14 days since Nov. 2, an eye-popping $9.736 billion has flowed into the stablecoin economy, adding to the $555 million boost recorded in October. Near Record Highs: Stablecoin Economy Grows Stablecoins have cemented their role as a powerhouse in the crypto world, holding immense value âŚ