Elixir Protocol has ended its deUSD stablecoin following significant losses associated with its partner, Stream Finance. Stream Finance owes Elixir over $68 million in debt stemming from a […]
Tether’s ‘Stable.xyz’: Owning the Rails of Digital Dollar
Tether is shifting away from its traditional role as a stablecoin issuer and towards becoming the owner of its own financial infrastructure. Stable.xyz aims to move USDT beyond […]
Ethereum Stablecoin Value Soars to New Record High
Ethereum’s stablecoin supply has hit a new all-time high of $184.1 billion, reflecting strong trust in the DeFi ecosystem and the platform’s role as a leading player in […]
Japan’s Big Banks Launch FSA-Backed Yen Stablecoin Pilot
Japan is taking a giant leap forward in the digital currency space with the launch of a pioneering yen stablecoin pilot project. The Financial Services Agency (FSA) has […]
USDe Stablecoin Market Value Plummets 45%
The market capitalization of USDe, a stablecoin issued by Ethena Labs, has experienced a dramatic decline. Data from DefiLlama shows the market value dropped to $8.95 billion, representing […]
USDX Stablecoin Suffers Dramatic De-Pegging, Plunging 25%
In a significant event that has shaken the cryptocurrency community, StablesLab’s USDX stablecoin has experienced a severe de-peg. This marks a drastic departure from its intended value of […]
USDX Stablecoin Plunges 63% Amid Liquidity Allegations
The USDX stablecoin has experienced a dramatic price drop of over 63%, plummeting from $1 to $0.37 on November 6, 2025, following allegations that its founder, Flex Yang, […]
Stablecoin Potential Recognized by Federal Reserve Official
Hammack, a Federal Reserve official, has highlighted the potential of stablecoins in a recent Foresight News report.
USDe Stablecoin Market Value Plummets by 45%
USDe, a stablecoin issued by Ethena Labs, has experienced a significant decline in its market capitalization. According to BlockBeats data from DefiLlama, the current value stands at $8.95 […]
Bank of England to Limit Stablecoin Holdings in 2025
The Bank of England is proposing new regulations that will cap stablecoin holdings for individuals and businesses by 2025. This move aims to ensure financial stability amid a […]
Stream Finance Collapse Triggers Elixir deUSD Stablecoin Shutdown
The collapse of Stream Finance has forced the DeFi protocol Elixir to discontinue its deUSD stablecoin. Redemptions for 80% of holders have been processed, with a snapshot taken […]
Whale Buys $800K USDX After Stablecoin Depegs, But Redemption Remains Pending
A prominent cryptocurrency whale has taken advantage of a recent plunge in the USDX stablecoin’s price. This investor bought $800,000 worth of USDT (Tether) to purchase 933,241 USDX […]
Cathie Wood Cuts Bitcoin Price Forecast by $300K Due to Stablecoin Surge
ARK Invest CEO Cathie Wood lowered her long-term Bitcoin price projection from $1.5 million by 2030 to $1.2 million, citing the rapid growth of stablecoins as a key […]
Elixir Resolves deUSD Crisis: 80% Redemption Amid Stream Finance Turbulence
Following the financial challenges faced by Stream Finance, Elixir has completed a major redemption of its deUSD stablecoin holdings. This action involved redeeming 80% of remaining holders, excluding […]
Astar Network Launches New USD-Pegged Stablecoin With Rewards Program
Startale Labs, the developers behind the Astar network, have introduced a new stablecoin called Startale USD (USDSC). This dollar-backed token offers rewards and savings features to its users. […]