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, […]
Sun Raises Concerns Over FDUSD Bankruptcy Amidst Market Volatility
Cryptocurrency markets experienced significant turbulence yesterday following a statement from Tron founder, Justin Sun, alleging that First Digital (FD), issuer of the FDUSD stablecoin, had gone bankrupt. This […]
Binance Addresses Concerns Over FDUSD Price Drop: Full Reserve Support Confirmed
Following the recent decline in FDUSD’s price to $0.87, Binance has issued its first official statement outlining the stablecoin’s reserve support and addressing user concerns. The exchange emphasized […]
First Digital Responds to Justin Sun’s Insolvency Claims
First Digital Trust (FDT) has refuted allegations of insolvency levelled against it by Justin Sun, CEO of Tron, regarding the TrueUSD stablecoin. FDT claims the dispute is unrelated […]
Ripple’s RLUSD Gains Momentum with Cross-Border Payment Integration
San Francisco-based blockchain company Ripple has announced that its stablecoin, RLUSD, is now integrated into its cross-border payments platform, Ripple Payments. This integration provides near-global coverage through 90+ […]
Justin Sun Bailout: How Techteryx’s Stablecoin Crisis Unfolded
The stablecoin issuer TrueUSD (TUSD) faced a liquidity crisis after its reserves were allegedly mismanaged, leading to a significant loss for investors. Justin Sun intervened as the company’s […]
First Digital Addresses Allegations, Guaranteeing Security of $FDUSD Backing
First Digital took to X to directly address recent allegations concerning the safety of $FDUSD. The company emphasized that every dollar backing the stablecoin is fully secured by […]
FDUSD De pegs After Justin Sun Alleges Insolvency
The First Digital US-dollar pegged stablecoin (FDUSD) depegged on April 2nd following claims of insolvency from Tron network founder Justin Sun. Sun alleged that the issuer of the […]
FDUSD Depegs Following Justin Sun’s Regulatory Comments
The FDUSD stablecoin has experienced a depeg, significantly impacting its value relative to the US dollar. This event followed comments by Justin Sun, founder of Tron, who highlighted […]
Sumitomo Mitsui Launches Stablecoin Project with Ava Labs and Fireblocks
Japan’s second-largest bank, Sumitomo Mitsui Financial Group (SMFG), has partnered with blockchain pioneers Ava Labs and Fireblocks to develop a stablecoin. This innovative project aims to modernize payment […]
Stablecoins: Reshaping Global Payments by 2025
The global payments landscape is witnessing a dramatic shift, with stablecoins poised to redefine how we transact in the digital economy by 2025. In 2024 alone, stablecoin transaction […]
Sumitomo Mitsui Launches Stablecoin with Ava Labs, Revolutionizing Cross-Border Payments
Sumitomo Mitsui Financial Group (SMFG), Japan’s second-largest bank, has partnered with Ava Labs and Fireblocks to launch a stablecoin, marking a significant step forward in blockchain adoption within […]