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Stable coins, USDC, USDT, BUSD, UST, DAI, TUSD, Stable coin,Stablecoin News

February 28, 12:30 am

Stablecoins Join The Crypto Bull Run With $140B Market Cap, Highest Sinc...
February has been an overall notable month for cryptocurrencies and the crypto industry. We’ve seen Bitcoin and Ether, the two largest cryptocurrencies by market capitalization, reach milestones not seen since the crypto winter started. The bull run has seemingly started, as many analysts and investors have announced, and it appears to be following a ‘2-year trend’ where the industry is beginning to reclaim the heights lost in 2022. Consequentially, the rally has propelled the overall market cap of the crypto industry. Stablecoins Remain Stable, But The Market Is Expanding According to data from DefiLlama, stablecoins have joined the crypto market in the bullish rally, as its market capitalization hit $140 billion for the first time since December 2022. Stablecoins are cryptocurrencies designed to have value pegged to another currency, like the US dollar, or a commodity, like gold. They account for a large portion of the daily trading volume of cryptocurrencies, as many consider them more useful for everyday transactions. The slow and steady recovery of the crypto industry has been maturing the bullish sentiment in the community. Fueled by investors’ trust in crypto assets and important developments in the industry, the crypto market seems to be recoverin... read More

January 24, 5:15 am

Here's How 2024 Will be Pivotal for Bitcoin in the Stablecoin Arena: Coi...
The emergence of Bitcoin-based stablecoins could make 2024 a pivotal year for the leading digital network, according to analysts at European alternative asset management firm CoinShares. In its Outlook 2024 report, the firm explained that the effects of a stablecoin settlement on Bitcoin would be numerous, including the enhancement of BTC's monetar... read More

January 21, 6:30 pm

FDUSD Market Cap Skyrockets by $1 Billion in 2024, Clinching Top 4 Stabl...
According to statistics, the stablecoin crypto asset FDUSD has seen its market capitalization grow by $1 billion since the start of the year. Presently, the supply stands at 2.614 billion FDUSD after witnessing a 45.7% supply increase in 30 days.FDUSD's Market Cap Swells from $1.6 Billion to $2.6 Billion in Just 30 Days The newly launched FDUSD has... read More

January 21, 8:50 am

Solana Stablecoin Volume Reaches Record High Of $300 Billion In January
According to the latest on-chain data, the Layer-1 network Solana has hit a significant milestone in terms of the transfer volume of stablecoins this month. Solana Overtakes Tron In Stablecoin Transfer Volume Data from the blockchain analytics platform Artemis shows that the stablecoin transfer volume on Solana has already surpassed $300 billion in... read More

January 20, 7:00 am

Chainalysis Reveals Decline in Crypto Crime, Shift to Stablecoins in 202...
Chainalysis' latest report reveals a dual trend in the 2023 crypto crime landscape: a notable decrease in overall value of criminal transactions and a surprising shift from bitcoin to stablecoins as the preferred medium for illicit activities.2024 Chainalysis Report Reveals a Decline in Crypto Criminal Activity, Shift in Currency Preference to Stab... read More

January 18, 2:00 pm

Sanctioned Entities Flock to Stablecoins Amidst Decline in Illicit Activ...
In 2023, illicit crypto addresses experienced a notable decrease in value to $24.2 billion, with Chainalysis reporting a decline in the share of all crypto transaction volume related to such activity from 0.42% in 2022 to 0.34%, accompanied by a shift in the types of assets involved in crypto-based crime. In the past two years, stablecoins have ove... read More

January 16, 7:55 pm

Stablecoin Dominance Wanes as Overall Value Rises: Binance Research
The overall market value of cryptocurrencies has increased, leading to a decline in the dominance of stablecoins. Their share of the total crypto market cap has dropped from 17.3% to 7.8%. In a market characterized by a consistent rise in short-term US bond yields, approaching 5%, investors holding stablecoins face higher opportunity costs, prompti... read More

January 16, 10:00 am

Stablecoin Takeover? Record Tether 71% Dominance Raises Questions About ...
Tether, the issuer of the ubiquitous USDT stablecoin, cemented its dominance in 2023, ballooning its market share to a staggering 71%. This explosive growth, however, comes with a chilling undercurrent: a United Nations report linking USDT to a surge in cybercrime and money laundering in Southeast Asia. Glassnode data paints a stark picture of Teth... read More

January 11, 3:30 pm

Stablecoin Issuer Circle Plans to Go Public, Files Confidentially With U...
Circle Internet Financial, a fintech company and issuer of the stablecoin usd coin, has disclosed its move toward an initial public offering (IPO). The firm revealed that it has confidentially submitted a Form S-1 with the U.S. Securities and Exchange Commission (SEC). This strategic step by Circle comes just a day after the SEC authorized 11 spot ... read More

January 11, 2:30 pm

PYUSD's 30-Day Surge of 72% Vaults Paypal's Offering Into USD Stablecoin...
Over the last month, the supply of Paypal's PYUSD stablecoin has seen a substantial increase, surging by over 72% from 167.83 million to 289.43 million PYUSD. This significant growth has propelled the payment behemoth's dollar-linked digital currency to become the tenth largest among all USD-anchored stablecoins.Paypal's Digital Currency PYUSD Supp... read More

January 11, 12:30 pm

Nigerian Stablecoin Consortium Seeks Central Bank Approval After Making ...
The Nigerian stablecoin consortium has said it will not be launching a stablecoin in late February as previously advised. Instead, the consortium, which is comprised of banks and fintech startups, said it plans to launch the stablecoin only after it gets the green light from the central bank.Nigerian Stablecoin Project in False Start The Africa Sta... read More

January 04, 2:30 pm

USDC Stablecoin Temporarily Depegs to $0.76 on Binance Amid Market Turbu...
Circle's USDC, typically pegged to the dollar, experienced unexpected volatility on Binance, dipping as low as $0.76 amidst a market rattled by Bitcoin ETF skepticism and a significant liquidation in derivatives.USDC Temporarily Depegs on Binance Amidst Crypto Market Sell-Off In a surprising move that startled the cryptocurrency market, Circle's US... read More

January 03, 9:17 pm

Tether Eating All Other Stablecoins as Total Assets Approaches $100B&nbs...
Tether’s total assets are not far away from $100 billion following a monumental rise over the past six years.  The current figure for the firm’s total assets is $95.2 billion, according to its transparency report. Of that amount, $92 billion is in the dollar-pegged stablecoin, USDT.  Tether Keeps Growing On Jan. 3, Tether and ... read More

January 03, 5:30 pm

Stablecoin Storm — Gemini's GUSD Shrinks 93% Amidst Market Turbule...
Over the past few years, the stablecoin market has significantly slowed, particularly since mid-2022, following the collapse of Terra's stablecoin. Additionally, last year, the New York Department of Financial Services (NYDFS) instructed Paxos to cease the issuance of BUSD. Beyond these setbacks, the supplies of three other stablecoin assets have d... read More

January 02, 4:30 pm

Paypal and First Digital Stablecoins Dominate in December as Binance USD...
The leading stablecoins, in terms of market capitalization, concluded 2023 with a combined value of around $131.69 billion, yet only two of the top ten experienced increases in 30-day supply. Data reveals that tether, the leading U.S. dollar-pegged crypto asset, observed a 2.5% uptick in its supply, while the newcomer, first digital usd, enjoyed a ... read More

December 28, 12:30 pm

Hong Kong Regulators Unveil Public Consultation Paper on Stablecoin Regu...
Hong Kong Monetary Authority (HKMA) and Financial Services and the Treasury Bureau have released a public consultation paper to gather residents’ opinions on the proposed regulatory regime for stablecoin issuers. The HKMA also announced the introduction of a sandbox arrangement whose purpose will be to convey supervisory expectations and guid... read More

December 25, 10:39 pm

Stablecoins Become the Preferred Quote Currency in Recent Market Trends:...
In 2023, digital assets experienced an exceptional year, witnessing a remarkable surge in Bitcoin prices by over 172%, with a correction of less than 20%. In addition to Bitcoin and Ether, capital inflows in stablecoins also remained positive. The market surpassed crucial technical and on-chain pricing models, and October emerged as a pivotal momen... read More

December 25, 5:18 am

Stablecoins Value Dip in Recent Bull Market: Sixdegree Research
According to research by Sixdegree, stablecoins have not seen a significant increase in value during the recent bull market. Their current total value is $129.5 billion, slightly lower than the $139 billion recorded in December 2022. Ethereum vs. Tron in 2023 This trend can be attributed to the contrasting developments on two major blockchain platf... read More

December 24, 10:35 pm

Paxos Announces USDP Stablecoin Expansion on Solana; Unveils Public Laun...
The New York-based stablecoin issuer - Paxos - announced a strategic expansion of its stablecoin issuance to the Solana blockchain platform, which was previously exclusive to Ethereum. Paxos said it plans to make USDP available to the public on Solana starting January 17, 2024. This move marks a significant milestone for Paxos in the competitive st... read More

December 22, 5:30 pm

GHO Stablecoin Fails to Enforce Dollar Peg Amid Criticism, Receives D Gr...
Roughly three weeks ago, News covered the stablecoin GHO, when it achieved a notable milestone by reaching $0.98 per coin. However, on December 11, the token experienced a slight dip, hitting $0.975 per unit. Despite some improvement in its stability, the stablecoin has still not enforced its intended goal of a $1 peg.GHO's Struggle for... read More

December 21, 7:30 am

Supply of Stablecoins on Ethereum Protocol 30% Lower Than in 2022 &mdash...
The supply of stablecoins on the Ethereum chain has dropped by more than 30% from the peak of $100 billion to $66 billion since 2022. The study data shows BUSD and USDC as the two stablecoins which caused the overall market value to fall from $139 billion to $129.5 billion.Tron Stablecoin Supply up 57% According to Six Degree's stablecoin study, th... read More

December 21, 5:10 am

Stablecoin Issuer Tether Blacklists Ethereum and Tron Wallets: Report
Stablecoin issuer - Tether - has placed six wallets on a blacklist, comprising five on the Ethereum network and one on Tron. The latest move reflects Tether's increased proactive approach to blocking addresses. According to ChainArgos, a blockchain intelligence firm, there are a few questionable transactions associated with the Ethereum addresses, ... read More

December 19, 10:30 am

Report: Bank of Korea Chief Says Growing Use of Stablecoins Threatens Ce...
The Bank of Korea governor Rhee Chang-yong recently stated that the growing stablecoin use threatens the operations of central banks. The possible involvement of global networks like Visa and Mastercard in the stablecoin business will likely undermine the monetary independence of countries like South Korea. Central Banks Urged to Prepare for Digiti... read More

December 19, 7:30 am

Circle Launches EURC Stablecoin on Solana, Expanding Euro Access in the ...
Expanding the global reach of euro-based stablecoins, Circle has debuted its EURC token on the Solana blockchain, offering a fully reserved, euro-backed digital asset.Circle Expands its Stablecoin Portfolio With EURC Launch on Solana, Boosting Euro Integration in Digital Finance Circle, a leading stablecoin issuer, has announced the launch of its e... read More

December 18, 5:30 am

Palau Moves Ahead With Second Phase of Stablecoin Pilot
The Republic of Palau has announced the launch of the second phase of its stablecoin project. Jay Hunter Anson, a member of the board of directors of Palau's Ministry of Finance (MOF), declared that the new phase will focus on building a robust ecosystem, expanding accessibility and user participation with compliance in mind. Palau Launches Phase ... read More

December 13, 10:00 pm

Is A Mega Bull Run Incoming? Whale Transfers Over $780 Million Of Stable...
Data Nerd Data on December 13 shows that over the past 24 hours, the wallet '0xea8' moved 200 million BUSD from Binance, the world's leading cryptocurrency exchange by client count. The whale transfer caught the attention of keen crypto users, who also noted that the transfer was soon followed by a deposit of 99.95 million FDUSD, a stabl... read More

December 13, 7:30 pm

S&P Global Ratings Introduces Stablecoin Stability Assessment Rankings
In a combination of both traditional and decentralized finance (defi) sectors, S&P Global Ratings has announced the launch of its stablecoin stability assessment. The latest tool aims to evaluate the ability of stablecoins to maintain their value relative to fiat currencies. New S&P Ratings System Grades Stablecoins S&P Global Ratings' new assessme... read More

December 12, 11:11 pm

Latin America Takes the Lead as Stablecoin Global Settlements Reach $7 T...
Circle recently reported that the global settlement volume of stablecoins reached $7 trillion last year, nearly half the $14 trillion settled by financial powerhouses Visa and Mastercard. This marks a shift towards digital currencies, especially in Latin America, where they have become part of everyday transactions. Stablecoins Spearhead Financial ... read More

December 12, 5:00 am

Palau Declares First Phase of Stablecoin Pilot a Success
The Republic of Palau has stated that the first phase of its limited stablecoin pilot was a success in a recently released report. The document also indicates that future phases of the project will focus on extending the reach of the stablecoin, with a high emphasis on compliance. Palau Reports on First Phase of Stablecoin Pilot The Republic of P... read More

December 11, 4:30 am

Stablecoin Supply Turning Positive and Rising Protocol Fees Among Key Na...
During Q4 of 2023, the stablecoin supply available to invest in crypto assets was $3.8 billion. This is the first time the net supply of the top five stablecoins has turned positive in nearly two years. In 2023, zero-knowledge (ZK) technology became one of the most consistent talking points in the crypto space.Stablecoin Inflows Outpacing Outflows ... read More

December 02, 4:30 pm

GHO Stablecoin Hits $0.98 Target as Strategic Initiatives Spearhead Turn...
Beginning in mid-July 2023, the stablecoin from Avara (previously known as Aave), a decentralized finance firm, consistently traded below its target $1 peg, reaching a low of $0.917 on October 24. Nonetheless, in recent weeks, the Liquidity Committee of the project undertook efforts to rectify this gap, setting a goal to elevate the stablecoin's va... read More

December 01, 11:55 am

USDC Stablecoin Issuer Circle Rejects Accusations of Facilitating Illici...
Stablecoin issuer Circle has dismissed false claims of facilitating illicit financing activities. In a letter addressed to US Senators Sherrod Brown and Elizabeth Warren, the company also said it does not provide banking services to Justin Sun, the Tron Foundation, or HTX (formerly known as Huobi Global). In February 2023, Circle terminated all acc... read More

November 30, 8:30 am

Paxos Secures In Principle Approvals for Stablecoin Issuance and Crypto ...
Paxos, a provider of blockchain and tokenization infrastructure, has recently received preliminary approvals from the Financial Services Regulatory Authority (FSRA) of Abu Dhabi. The company stated that these endorsements are crucial steps for Paxos, enabling it to issue stablecoins pegged to the U.S. dollar and introduce crypto brokerage and custo... read More

November 28, 3:00 am

$3.1 Billion TUSD Stablecoin Shaky, Briefly Depegs—What's Happenin...
TrueUSD (TUSD), a stablecoin with a market cap exceeding $3.1 billion, appears 'shaky' and briefly depegged on November 22, dropping to as low as $0.9976 before restoring its peg. The temporary depeg was attributed to a deluge of selling orders, according to Kaiko, a blockchain analytics firm. TUSD Briefly Depegs, Large Selling Orders Rolling Throu... read More

November 25, 5:30 pm

Stablecoin Market Rebounds — $5.48 Billion Growth in 22 Days
Over the last few weeks, the market value of leading stablecoins has experienced a notable increase. The economy of these fiat-pegged tokens expanded from $123.66 billion to the present $129.14 billion. This substantial growth of almost $6 billion comes after the stablecoin industry shed tens of billions in the last year. Notably, tokens such as BU... read More

November 16, 11:08 am

Stablecoin Rollercoaster: Tether (USDT) Adds $22 Billion, While USDC Los...
The market is still overwhelmingly influenced by the Tether (USDT), with traders and investors preferring it over major competitors. This inclination is due to its status as the largest digital asset tied to the value of the US dollar, with its market cap surging to a new all-time high of $87.48 billion this week. The narrative for USDC, on the oth... read More

November 15, 12:00 pm

XRP Will Not Become A Stablecoin For Banks After AMM Launch: Expert
In the wake of Ripple's announcement regarding the integration of an Automated Market Maker (AMM) into the XRP Ledger (XRPL), the community has been abuzz with speculation and debate. Central to this discourse is the potential transformation of XRP in light of this update, particularly in regard to its classification and function as a digital asset... read More

November 13, 7:34 am

$27 Million Worth of Stablecoins Reportedly Stolen in Crypto Wallet Hack
A wallet linked to the well-known exchange Binance has been breached, leading to a significant loss of $27 million. The incident primarily involved the theft of Tether (USDT) and was brought to light by the reputable on-chain investigator ZachXBT. ZachXBT Reveals $27M Crypto Heist on Binance-Linked Wallet According to on-chain detective ZachXBT, a ... read More

November 10, 6:33 pm

Here's What You Need to Know About Circle's v2.2 Upgrade for USDC and EU...
Stablecoin issuer and fintech firm Circle has announced the launch of a new v2.2 upgrade to USDC and EURC. It is aimed at significantly reducing gas costs, improving support for account abstraction, and further strengthening transaction security on EVM blockchains. This phased rollout is expected to be completed over the next few months. The USDC a... read More

November 10, 8:30 am

Circle Revamps Stablecoins USDC, EURC With Upgrade Focused on Gas and Se...
Circle has announced a new v2.2 upgrade for its usd coin and euro coin digital stablecoins. The changes aim to significantly reduce gas costs, enable new use cases, and bolster security.Circle Unveils 2.2 Upgrade for Stablecoin Suite Circle unveiled the latest upgrade in a blog post on Thursday, touting six key changes coming to the usd coin (USDC)... read More

November 09, 6:30 am

Report: Stablecoin Giant Circle Eyes 2024 Public Listing
According to anonymous sources familiar with the matter, Circle Internet Financial Ltd., the second-largest stablecoin issuer, plans to go public in 2024 via backing from Blackrock, Goldman Sachs, and others. The news follows Circle's special-purpose acquisition company (SPAC) plans to offer an initial public offering that was shelved in 2022.Unnam... read More

November 08, 7:24 pm

Stablecoin Issuer Circle Explores 2024 IPO Possibility a Year After Fail...
Stablecoin issuer Circle is looking into the possibility of becoming a publicly traded company in the early months of 2024. The development comes almost a year after its failed SPAC deal with Concord. Despite the collapse of this particular deal, Circle's co-founder and CEO, Jeremy Allaire, later emphasized the company still planned to become a pub... read More

November 08, 11:17 am

Wintermute to Sue Near Foundation Over Failure to Honor $11M Stablecoin ...
Evgeny Gaevoy, the founder and CEO of the crypto market-making firm Wintermute, has revealed plans to sue the Near Foundation, the non-profit organization behind the Near protocol, over its failure to honor a stablecoin deal entered in August. According to a tweet, Gaevoy intends to pursue all legal avenues against the Near Foundation and Aurora La... read More

November 07, 3:30 pm

Over 600 Stablecoins 'Depeg' in 2023, Moody's Analytics Launches Monitor...
Stablecoins, the crypto assets crafted to mirror the stability of fiat currency, have encountered over 600 significant instances of price instability in 2023, as per Moody's Analytics. A 'depeg' or 'depegging' event is characterized by a stablecoin's value swinging beyond a 3% margin from its standard $1 mark within a day, according to Moody's Anal... read More

November 07, 12:30 pm

South African Financial Giant Says It Will Inject Capital Into ZARP Stab...
South Africa's Old Mutual Wealth and financial services provider Inves Capital recently revealed plans to inject liquidity into the ZARP stablecoin network. Inves Capital's managing director said 'crypto is entering a new phase' of growth and ZARP is set to 'play a central role.''Substantial Liquidity' to Be Injected Into the ZARP Network South Afr... read More

November 05, 4:43 pm

Stablecoin Activity Takes Crown From DeFi in Q3: Report
Stablecoins are often viewed as assets that pose systematic risks to the financial market. However, these pegged tokens have become the most popular category among investors amid adverse market conditions. QuickNode's latest on-chain report revealed a notable surge in stablecoin activity across blockchain networks. Stablecoins saw a 45% growth in a... read More

November 04, 9:30 am

Aave's GHO Stablecoin Grapples With Dollar Peg Stability: Liquidity Fixe...
The decentralized finance (defi) protocol Aave’s stablecoin asset called GHO has been struggling to keep its peg to the U.S. dollar. While it is coasting along at $0.966 per unit at the time of writing, five days ago it tapped an all-time low at $0.917 per coin. Aave’s Liquidity Committee aims to mitigate the issue with a plan to addres... read More

November 04, 2:30 am

Study: Stablecoin Activity the Highest in Q3 of 2023 With Approximately ...
By the end of Q3 2023, activity in the stablecoin category as measured by the number of daily active addresses (DAA) stood at over 400,000 - the highest in any category. In the decentralized finance (defi) category - the next highest-ranked category - the number of DAAs at the end of Q3 was just over 200,000.Stablecoin Activity Nearly Doubles That ... read More

November 03, 6:00 pm

Stablecoin Market Rises by Over $600M in October Despite Mixed Supply Dy...
The stablecoin economy experienced growth in October after several consecutive monthly declines. In the last month, a total of $608 million was added to the fiat-pegged token market. Despite the increase, six stablecoins out of the top ten saw supply reductions during the month.Fiat-Pegged Token Market Grows Modestly in October, With First Digital ... read More

November 02, 2:00 pm

Paypal Faces SEC Scrutiny Over New Stablecoin PYUSD, Cooperates With Doc...
After releasing its new stablecoin PYUSD, the payments giant Paypal disclosed that the U.S. Securities and Exchange Commission (SEC) subpoenaed the company concerning the stablecoin. Paypal stated in its Form 10-Q for the third fiscal quarter that it had been asked to produce documents for the SEC and is “cooperating” with the securitie... read More

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