StablecoinX has secured a major funding round of $530 million to acquire digital assets ahead of its anticipated Nasdaq debut. This strategic move, through a merger with TLGY […]
Hyperliquid Unveils New Stablecoin with USDH: Community Voting and Buyback Model
Hyperliquid, a blockchain platform known for its innovative DeFi solutions, is making a significant move towards establishing its own stablecoin called USDH. This initiative utilizes community voting to […]
Tether Confirms Bitcoin and Gold Investment, Denies Sell-Off Rumors
Tether refutes rumors of Bitcoin sales to fund gold investments and clarifies its strategy remains focused on both Bitcoin and gold. The stablecoin issuer has confirmed a continued […]
Ethereum Stablecoin Surge Hits $165 Billion, Signaling Digital Finance Boom
The Ethereum ecosystem has witnessed a significant boom in stablecoin supply, reaching an unprecedented $165 billion. This surge, fueled by factors such as increased DeFi activity and institutional […]
Paxos Unveils USDH Stablecoin: First Compliant Choice for Hyperliquid Users
U.S.-based stablecoin infrastructure provider Paxos has announced USDH, a novel stablecoin designed to meet regulatory requirements and drive adoption within the Hyperliquid ecosystem. This proposal positions USDH as […]
Venezuela: How Stablecoins Redefined its Financial Landscape
Stablecoins have emerged as the new foundation of Venezuela’s financial system, replacing the once-dominant Bolívar in the face of crippling inflation and currency controls. The result is a […]
Stablecoin Adoption Booms in Developing Nations, But Risks Remain
Emerging markets drive the vast majority of stablecoin volume, using USDT for crucial tasks like remittances and access to US dollars amidst high inflation. However, this rapid growth […]
StablecoinX Secures $530 Million in PIPE Financing for Ecosystem Growth
StablecoinX has just secured an additional $530 million through a PIPE financing deal, bringing its total funding to $895 million. This substantial investment will fuel the growth of […]
Wyoming State-Issued Stablecoin Launches on Hedera
The Wyoming state government has expanded its pioneering $FRNT stablecoin to the Hedera Hashgraph network, marking a significant milestone in U.S. state-backed digital currencies. Although public purchases of […]
Paxos Unveils USDH: A Stablecoin Driven by Rewards for Hyperliquid’s Growth
Paxos, a leading financial technology company, has announced the launch of USDH, a US dollar-pegged stablecoin designed to power Hyperliquid’s ecosystem. This innovative approach incorporates a unique built-in […]
StablecoinX Raises $890 Million for Ethena’s ENA Treasury Ahead of Merger
StablecoinX has secured an additional $530 million in funding, bringing the total investment to $890 million, ahead of its upcoming merger and Nasdaq listing. The combined entity will […]
Bybit Kazakhstan and AFSA Lead Stablecoin Payments for AIFC Regulatory Fees
Bybit Kazakhstan, a subsidiary of Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has partnered with the Astana Financial Services Authority (AFSA) to pioneer stablecoin payments for […]
USDC Circulation Surges by $2 Billion, Reflecting Stablecoin Adoption
Circle’s USDC stablecoin experienced a significant increase in circulation over the past week, with its total value reaching approximately $72.5 billion. This surge reflects growing demand for stablecoins […]
SPAC Investment Boosts Ethena’s Stablecoin Ecosystem to Over $12 Billion
A recent $890 million investment from investors like YZi Labs and Susquehanna Crypto has significantly bolstered Ethena’s stablecoin infrastructure. This funding will be channeled towards developing the stablecoin […]
Circle and Tether Issue $12 Billion in Stablecoins: Impacting Markets
Two major stablecoin issuers, Circle and Tether, recently issued a significant amount of new stablecoins worth $12 billion over the past month. This activity has led to an […]