The price of XRP is hovering just above a key support level after a major move from the popular crypto exchange, Kraken. The listing of their new stablecoin, […]
Stablecoin Depegging: Justin Sun Highlights First Digital Trust’s Insolvency
Prominent figure Justin Sun has raised alarm bells over the alleged insolvency of First Digital Trust (FDT), a Hong Kong-based financial institution within the Tron ecosystem. Sun, known […]
Maxine Waters Raises Concerns About Trump’s Cryptocurrency Schemes
Representative Maxine Waters, ranking member of the US House Financial Services Committee, has criticized President Donald Trump for his involvement in the cryptocurrency industry. During a recent markup […]
Ripple’s RLUSD Stablecoin Launches on Kraken, Gains Traction in Cross-Border Payments
Ripple has made a major move with the launch of its new stablecoin, RLUSD, on cryptocurrency exchange Kraken. The company also integrated it into its payment platform, fueling […]
Justin Sun’s Controversial Statements Spark Stablecoin Volatility
Recent statements by Justin Sun have caused significant volatility in the stablecoin market, with a 12% drop observed in the FDUSD. These comments stem from his ongoing public […]
Justin Sun Provides Emergency Liquidity to Stabilize TUSD Amidst Reserve Concerns
TUSD, a stablecoin known for its peg to the U.S dollar, experienced a period of volatility after allegations of mismanagement arose. Justin Sun, founder of Tron, stepped in […]
Binance Responds to FDUSD Volatility, Emphasizing Risk Management Amidst Market Uncertainty
Binance is taking a proactive approach to address the recent volatility of FDUSD, acknowledging the impact on risk management practices. They are implementing stringent checks and controls to […]
Ripple’s RLUSD Surges Past $240 Million: A Look at the Stablecoin’s Growth and Challenges
Ripple’s USD-backed stablecoin, RLUSD, has experienced significant growth, surpassing 240 million tokens in circulation. This recent surge comes after a single-day mint of 50 million tokens on March […]
Wintermute Tests Stablecoin Operations with $65 Million FDUSD Holding
Crypto market maker Wintermute is engaged in a key testing phase involving its FDUSD holdings, signifying their commitment to operational stability within the cryptocurrency landscape. According to on-chain […]
Ripple Introduces RLUSD for Global Business Payments
Ripple has launched its dollar-pegged stablecoin, RLUSD, on its Ripple Payments network, marking a significant move to utilize cryptocurrency in corporate finance. The integration offers businesses an alternative […]
Justin Sun Provides Bailout for TUSD After Major Fraud Unveiled
TUSD, a prominent stablecoin backed by the US dollar, faced a massive $500 million shortfall due to suspected fraudulent activities. This revelation shocked the crypto community and prompted […]
Kraken Adds RLUSD to Trading Platform
Kraken, a prominent cryptocurrency exchange, has expanded its platform by listing RLUSD for trading, effective immediately. This move aims to enhance market accessibility and liquidity, reflecting growing interest […]
FDUSD Loses Peg After Sun Raises Solvency Concerns about First Digital Trust
Justin Sun’s accusations of First Digital Trust (FDT)’s insolvency led to a significant market shift for FDUSD, the stablecoin issued by FDT. The token lost its peg against […]
Justin Sun Claims First Digital Trust Insolvent, Urges Action After TUSD Reserves Mismanagement
Tron founder Justin Sun has declared that Hong Kong-based fiduciary firm First Digital Trust (FDT) is insolvent and unable to fulfill client redemption requests. This announcement comes amidst […]
SMBC, Ava Labs, Fireblocks Collaborate on Stablecoin Framework in Japan
A significant development has emerged within the Japanese financial landscape with a collaboration between Sumitomo Mitsui Financial Group (SMBC), TIS Inc., Ava Labs (developers of the Avalanche blockchain), […]