The House Financial Services Committee has taken a significant step towards regulating stablecoins with the passage of the STABLE bill. This legislation, introduced by Chair French Hill and […]
Stablecoin Regulation: Balancing U.S. Dominance with Global Competition
The evolution of communication technology has significantly reduced long-distance call costs, mirroring a similar trend in the financial sector where the internet’s embedded financial layer is driving down […]
Mitsubishi UFJ Launches Stablecoin for Japan’s Trade Settlement
A major Japanese bank, Mitsubishi UFJ, is set to revolutionize trade settlements in the nation by launching a stablecoin. This innovative solution aims to eliminate the need for […]
Ripple USD (RLUSD) Records Explosive 87% Trading Volume Surge
Ripple’s newly launched stablecoin, RLUSD, is generating significant buzz across the crypto space. According to Santiment, trading volume for RLUSD has skyrocketed by a remarkable 87%, reaching a […]
Ripple Integrates RLUSD into Payments System for Enhanced Efficiency
Ripple has significantly expanded its reach in the stablecoin market by integrating its USD-pegged coin, RLUSD, into its cross-border payment system. The move aims to streamline global transactions […]
Stablecoin Flows Shift to New Chains in Q1, Driven by Growth Opportunities
In the first quarter of 2023, stablecoins experienced a significant shift in their distribution. Stablecoin supply saw growth on various chains as users sought new opportunities for profit. […]
House Approves STABLE Act: Stepping Up Stablecoin Regulations
In a significant development, the US House Financial Services Committee approved the STABLE Act, marking a step towards regulating stablecoins. This legislation now requires a full House vote […]
Ripple USD Volume Soars 41% After Kraken Listing
The volume of Ripple USD (RLUSD), a stablecoin launched by Ripple, has experienced a dramatic surge following its listing on the prominent cryptocurrency exchange Kraken. According to CoinMarketCap […]
Ripple’s RLUSD Stablecoin Witnessing Surge in Issuance Driven by Growing Demand
Ripple’s new USD-pegged stablecoin, RLUSD, is experiencing a significant surge in issuance. According to CoinDesk, over $100 million worth of RLUSD has been issued since April 1st, with […]
Solana’s Perena Protocol Secures $20 Million in Total Value Locked
Perena, Solana’s stablecoin infrastructure protocol, has just hit a major milestone: exceeding $20 million in total value locked (TVL), according to DeFiLlama data. This significant achievement represents a […]
House Votes to Advance Stablecoin Transparency Act
On Wednesday, the House Financial Services Committee took a significant step towards regulating the stablecoin market by voting to advance the STABLE Act. This bill aims to enhance […]
Market Maker Profiting $3 Million from FDUSD Depeg
Since First Digital’s USD-pegged stablecoin, FDUSD, depegged on April 2nd following claims of insolvency by Tron founder Justin Sun, market maker Wintermute has profited from arbitrage opportunities. Wintermute […]
Itaú Unibanco Considers Launching Stablecoin Amid Regulatory Review
Brazil’s largest private bank, Itaú Unibanco, is exploring the issuance of a stablecoin in the country, contingent upon regulatory developments and benchmarks set by international institutions. The potential […]
Tether vs. Circle: Divergent Profit Structures Emerge in 2024
A recent analysis by OKG Research reveals a significant discrepancy in the profit structures of Tether and Circle for 2024. While Tether is predicted to generate a remarkable […]
Circle’s USDC Distribution Exceeds Revenue in IPO Filing
Circle revealed its 2023 financial performance in an IPO filing, highlighting a significant revenue gap between its business operations and its distribution partner, Coinbase. Despite co-launching USDC in […]