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 […]
First Digital Trust Refutes Justin Sun’s Accusations, Promises Legal Action
First Digital Trust (FDT) has issued a strong statement via social media refuting accusations made by Tron founder Justin Sun. The company specifically clarifies that the dispute is […]
XRP Ripple News: RLUSD Minting Hits $100M Amidst Surging Demand
Ripple’s USD stablecoin, RLUSD, has experienced a surge in issuance, surpassing $100 million since April 1. This impressive growth is attributed to rising demand for the asset, fueled […]
House Approves Stablecoin Bill: Regulatory Framework Takes Step Forward
The U.S. House Financial Services Committee advanced a stablecoin bill Wednesday, marking a significant step forward in the regulatory landscape for dollar-denominated digital assets. The STABLE Act, which […]
RLUSD Stablecoin Emerges as Promising Contender in the Payment Sector
Ripple’s recently launched RLUSD stablecoin has quickly captured attention in the financial sector, exceeding $100 million in issuance since its debut in April. This digital asset adheres to […]
Ripple’s New Stablecoin RLUSD: Attracting Market Attention with Secure and Accessible Payments
Ripple has launched a new stablecoin, RLUSD, which is quickly gaining traction in the market. With over $100 million issued since its launch in early April, RLUSD offers […]
Binance Reassures Stability of FDUSD Reserves Amid De-Pegging Incident
Following a brief de-pegging event that sparked concerns, Binance has confirmed the accuracy of FDUSD’s reserves for February. The company conducted a thorough review of the reserves twice, […]