Stablecoins are gaining traction as an alternative to traditional dollar-based payment systems, according to PANews reports from CITIC Securities. These ‘dual-faced’ currencies offer a blend of centralized and […]
Stablecoin Volume Reaches Record High of $33 Trillion
Stablecoins are surging in volume, exceeding even industry giants like PayPal and approaching the scale of traditional payment systems. Analysis shows stablecoin transactions now process over $33 trillion […]
Plasma Raises $500 Million in Record Time via Stablecoin Offering
A record-breaking fundraising event has occurred as Plasma secured $500 million through its XPL token sale on the Sonar platform, in just 40 minutes. Over 1,100 participant wallets […]
Ripple’s XRP to Remain as Bridge Currency, Stablecoin RLUSD Enhances Ecosystem
Ripple CTO David Schwartz has clarified that the company’s stablecoin project, RLUSD, will work alongside XRP rather than directly competing with it. This move underscores Ripple’s strategy of […]
Kyrgyzstan to Launch Gold-Backed Stablecoin USDKG in Q3 2025
Kyrgyzstan is set to launch its own digital currency, USDKG, pegged to the U.S. dollar and backed by physical gold reserves, in the third quarter of 2025. The […]
Chainlink Joins CBDC Pilot Project Connecting Hong Kong’s Digital Yuan to Australian Dollar Stablecoin
Chainlink has joined a pilot program connecting Hong Kong’s central bank digital currency (CBDC) with the Australian dollar stablecoin. This partnership is part of the second phase of […]
U.S. Stock Market: Mixed Opening with Tesla Slump and Stablecoin Surge
The U.S. stock market saw mixed results on opening day. The Dow Jones Industrial Average eked out a modest gain of 0.02%, while the S&P 500 rose by […]
Tether Rejects Public Listing Plans After Circle IPO Buzz
The recent debut of Circle’s public listing has sparked speculation about Tether’s potential to follow suit. However, the issuer of USDT, Tether, has clarified its stance regarding an […]
Polymarket Embraces Stablecoins for Mainstream Growth
Polymarket’s innovative approach using stablecoins for transactions is driving mainstream adoption of prediction markets. The platform’s strategic use of USDC, paired with its Polygon blockchain infrastructure, facilitates seamless […]
Binance Upgrades USD Solution for Secure XUSD Transactions
Binance announces an enhancement to its USD solution, enabling a 1:1 exchange rate for USD to XUSD transactions with zero spread, accessible to both VIP and non-VIP corporate […]
Japan’s Senate Passes Bill to Reform Crypto Brokerage Regulations
The Japanese Senate has approved a crucial reform bill for crypto brokerages, setting the stage for greater regulatory clarity and market integration by 2025. This landmark legislation aims […]
Tether’s USDT Takes Root in Latin America Amidst Market Expansion
Tether, a major player in the stablecoin space, is establishing a strong presence in Latin America. In October 2024, Bolivia witnessed a significant move as Banco BISA, a […]
Stablecoins Hit $250 Billion Milestone: Reflecting Growing Crypto Adoption
A significant milestone has been reached in the cryptocurrency market as the total stablecoin market capitalization surpasses $250 billion for the first time. This surge reflects increased investor […]
Uber Deep Dives into Stablecoin Technology at Tech Summit
Uber CEO Dara Khosrowshahi unveiled the company’s exploration of stablecoins during a recent presentation at the Bloomberg Tech Summit in San Francisco. This move highlights Uber’s growing interest […]
Ripple CEO Refutes $10 Billion Circle Acquisition Rumor
In a move to clarify market speculation, Ripple CEO Brad Garlinghouse categorically denied reports of a $10 billion acquisition offer for Circle. This denial comes in the wake […]