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PayPal’s stablecoin PYUSD lost nearly 30% of its market cap over the last 30 days, sliding from over $1 billion to $712 million as of Sept. 25, according to on-chain data. The decline was primarily caused by a significant reduction of its market cap on Solana, which accounted for roughly 65% of the …
TrueUSD once had almost $4 billion in total value. Now, it has less than $500 million.
SOL leads majors as Breakpoint begins. SOL launches Frankendancer on mainnet. Helio Pay allows Shopify items to sell on X. Franklin Templeton to launch fund on SOL. BTC short term holders fall at fastest rate in 12 years. MicroStrategy upsizes convertible note raise to $1bn. BingX loses $52m in hack…
Revolut plans to enter the stablecoin market to expand its digital asset services. The bank has steadily increased its crypto offerings since its 2015 launch. Continue Reading:Revolut Takes Bold Steps to Secure Its Place in the Stablecoin Market The post Revolut Takes Bold Steps to Secure Its Place …
New dollar-backed stablecoin will reportedly offer rewards for liquidity providers and prioritize transparency.
The London-based fintech firm is reportedly planning a deeper crypto push.
BitGo is set to launch the USDS Stablecoin, a new financial instrument designed to enhance liquidity in the stablecoin market by rewarding institutions that contribute to its ecosystem. This innovative approach aims to set USDS apart in a highly competitive sector currently dominated by giants such …
Chainlink Labs and Fireblocks collaborate on a stablecoin platform. The platform simplifies stablecoin issuance and enhances regulatory compliance. Continue Reading:Empowering Financial Institutions with a Unified Stablecoin Solution The post Empowering Financial Institutions with a Unified Stableco…
TON Foundation collaborates with Curve Finance to incubate a stable swap project, enhancing stablecoin trading and liquidity on the TON blockchain.
Based on trading volume, dollar pegged stablecoins Tether ($USDT), USD Coin ($USDC), and Dai ($DAI) account for over 94% of the total stablecoin market.
An investigation by sleuth ZachXBT found that North Korean hackers managed to turn hundreds of millions of dollars worth of crypto into fiat.
The chief executive of stablecoin issuer Circle (USDC) says that the firm is moving its headquarters to New York City. In a new thread on the social media platform X, Circle CEO Jeremy Allaire says that the company is moving to New York from Boston to immerse itself in the world of Wall Street as [……