A 1:1 reserve of USD and other cash equivalents will back RLUSD. Ripple’s stablecoin will integrate with ODL and support multichain interoperability. Real USD (RLUSD), Ripple’s own stablecoin, is set…
Browsing: Stablecoin
Ripple completes acquisition of Standard Custody & Trust, enhancing product offerings and regulatory compliance. Ripple plans to launch a USD-backed stablecoin, leveraging XRP Ledger, to bridge blockchain and traditional finance.…
Paxos has introduced the Lift Dollar (USDL), a stablecoin backed by the US dollar that offers users on-chain yield from US Treasury bonds automatically and daily. It’s offered by a…
Signifying a new stablecoin based on the dollar, Ripple files the trademark RLUSD. XRP is priced at $0.5349, up 6.66% in the last week. By registering a new trademark for…
Despite its current SEC lawsuit, Ripple intends to launch a stablecoin that will compete with Tether and CENTER and reach a market capitalization of an astounding $3 trillion by 2028.…
Ripple’s impending stablecoin launch aims to penetrate the $150 billion stablecoin market, potentially influencing XRP’s price and overall adoption. The stablecoin, pegged to the U.S. dollar, positions Ripple as a…
Cardano has launched USDM, its first fully fiat-backed stablecoin, through Mehen Finance, distinguishing it from other Cardano-based stablecoins by offering direct U.S. dollar backing. USDM’s launch signifies a major advancement…
Tether’s USDT becomes the first stablecoin to surpass $100 billion in market cap, dominating the stablecoin market. Tether is innovating with a blockchain recovery tool to ensure USDT’s security and…
Lacalle warns that US debt accumulation and fiscal policies pose a greater threat to the dollar than cryptocurrencies. Legislative debates on CBDCs highlight privacy concerns and the need for Congressional…
The World Bank just recognized Ripple Labs’ role in the payments ecosystem with XRP’s categorization as stablecoin. The price of XRP shows bullish momentum with several forecasts of a potential…
TRON plays a crucial role in stablecoin payments and tokenization. TRON’s attractiveness lies in its low cost and robust security. The TRON blockchain has emerged as a pioneering force, particularly…
According to latest data, the stablecoin transfer volume on the Solana blockchain has surged above $300 billion. Ethereum has the largest stablecoin transfer volume with $317 billion according to reports. …
The rise of Binance-backed FDUSD has significantly reduced the demand for the TUSD with experts relating its problems to the HTX and Poloniex hacks. The firm behind TUSD, Techteryx is…
Paxos got approval to launch its Pax Dollar on Solana, aiming to offer its stablecoin beyond Ethereum starting from Jan. 17, 2024. Solana’s faster transactions and lower costs make it…
Osmosis (OSMO) token soared over 11% in 24 hours, reaching $1.32 amid quiet crypto markets. A recent OSMO rally of over 100% is linked to rising trading volume and expanding…
Solana investment products have outperformed Ethereum’s in institutional inflows since the calendar flipped in January, which has helped fuel the recent bullish outlook. Solana’s DeFi ecosystem has grown to multichain…
Tether froze Ethereum wallets associated with blacklisted users to increase security and prevent misuse. The business partnered with regulators, expanded sanctions control to the secondary market, and unveiled a new…
Experts believe the new request by the US Treasury to have utmost control over all US dollar-backed stablecoins, even overseas, will accelerate the ongoing de-dollarization as privacy is key for…
The strategic partnership between Circle USDC and SBI Japan will significantly enhance Web3 development and adoption in Japan amid the ongoing crypto regulatory implementation. SBI Holdings is a major XRP…
BlackRock just sounded alarm on impact of stablecoin on its Bitcoin ETF. Stablecoin issuers are intensifying lobbying efforts for regulatory clarity. BlackRock, a renowned asset manager in the crypto industry,…