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), […]
Sumitomo Mitsui Financial Group Launches Stablecoin in Collaboration with Ava Labs and Fireblocks
Japan’s second largest bank, Sumitomo Mitsui Financial Group (SMBC), is taking a significant leap into the cryptocurrency sector. According to recent news from Nikkei, SMBC will soon launch […]
Justin Sun Saves TUSD From Financial Collapse: How He Intervened During Crypto Crisis
Tron founder Justin Sun has played a critical role in averting a near-total collapse of the True USD (TUSD) stablecoin. Following accusations of mismanaged funds and potential fraud, […]
Bitso Launches MXNB Stablecoin on Arbitrum, Bringing Fiat-Backed Solution to Mexico’s Crypto Market
Mexican cryptocurrency exchange Bitso has launched MXNB, a stablecoin pegged 1:1 to the Mexican Peso. Issued and managed by its subsidiary Juno, MXNB is now live on Arbitrum, […]
Avalanche Stablecoin Surge Sparks Questions: Why is AVAX Price Lagging?
Avalanche has experienced a dramatic surge in stablecoin supply over the past year, yet its native token, AVAX, hasn’t seen the same price rebound. Experts suggest the reason […]
MNEE on 1SAT Launches Plugin to Simplify Blockchain Transactions
MNEE on 1SAT has released its new WhatsOnChain plugin for enhanced blockchain transaction visibility. This user-friendly tool makes exploring MNEE transactions more straightforward and accessible, especially for those […]