Bitso, a leading cryptocurrency exchange in Mexico, has launched MXNB, a stablecoin pegged to the Mexican Peso. Issued by Bitso’s subsidiary Juno and operating on the Ethereum Layer-2 […]
Sumitomo Mitsui Launches New Stablecoin Project with Ava Labs & Fireblocks
Japan’s second-largest bank, Sumitomo Mitsui Banking Corporation (SMBC), has entered into a strategic partnership with leading blockchain companies Ava Labs and Fireblocks to develop a new stablecoin. The […]
Congress Holds Back on Stablecoin Interest in STABLE Act
The U.S. Congress has opted to maintain its stance against allowing stablecoin holders to earn interest, as per a report from PANews. Despite calls from the cryptocurrency industry […]
Unusual Bug Bounty Program Reaches New Heights With $16 Million Prize Pool
Usual, a decentralized stablecoin protocol, has partnered with blockchain security firm Sherlock to launch a record-breaking bug bounty program offering up to $16 million for vulnerabilities discovered in […]
Stablecoins Drive Growth in Emerging Market Remittances
Emerging markets are witnessing a surge in the use of stablecoins for cross-border remittances, as per data from Artemis released by Foresight News. The platform reveals that approximately […]
Sumitomo Mitsui Launches Stablecoin Experiment with Ava Labs and Fireblocks
Sumitomo Mitsui Financial Group, a prominent Japanese financial institution, has partnered with Ava Labs and Fireblocks to develop a fiat-pegged stablecoin. The project aims to explore the potential […]
Circle Seeks Public Listing on NYSE, Driven by Strong Stablecoin Revenue
Circle Internet Group, the issuer of USD Coin (USDC), has announced its intention to become a publicly traded company. On April 1st, the firm filed for an initial […]
Bitso Launches Peso-Backed Stablecoin on Arbitrum
Bitso, a prominent Mexican cryptocurrency exchange, has launched MXNB, a stablecoin pegged to the Mexican Peso. Managed by its subsidiary Juno, MXNB is now live on Arbitrum, an […]
Sumitomo Mitsui Bank Partners with Ava Labs and Fireblocks for New Stablecoin Launch
Sumitomo Mitsui Banking Corporation (SMBC), Japan’s second-largest bank, is collaborating with technology companies to launch its own stablecoin. The partnership involves Ava Labs, developers of the Avalanche blockchain, […]
Bitso Launches Stablecoin on Arbitrum, Enabling Faster Mexican Remittances
Bitso, a leading cryptocurrency exchange based in Mexico, has launched MXNB, a stablecoin pegged to the Mexican Peso. This stablecoin is now live on Arbitrum, an Ethereum Layer-2 […]
Coinbase Outperforms Circle in USDC Revenue despite Stablecoin’s Growth
Recent IPO filings have revealed that Coinbase is generating more revenue from the USD Coin (USDC) stablecoin than Circle, raising questions about the future of USDC issuer. Despite […]
DeFi Shifts to Lower Interest Rates Amidst Market Slowdown
The cryptocurrency market is experiencing a slowdown, leading DeFi lending protocols to adapt by lowering their interest rates. As market conditions change, these platforms are adjusting yields for […]
Circle Files for IPO Amid Profitability Concerns as Stablecoin Market Thrives
Circle Internet Financial, the issuer of USD Coin (USDC), has submitted an initial public offering (IPO) prospectus to the Securities and Exchange Commission (SEC). This move comes amid […]
Sony Electronics Singapore Embraces USDC Payments with Crypto.com Integration
Sony Electronics Singapore has joined the growing list of businesses accepting cryptocurrency payments, partnering with Crypto.com to enable USDC stablecoin transactions. This move reflects a broader trend towards […]
Ripple’s XRP Experiences Surge Amidst Regulatory Developments
Ripple’s XRP has seen a notable price surge, climbing from a local low of $2 to $2.20. This increase coincides with the anticipation of stablecoin regulations emerging in […]