Andrew Griffith, a UK City Minister, has remained vocal about using web3 and digital assets led by Bitcoin and stablecoins to drive forward the country’s economic growth. The UK has…
Browsing: Stablecoin
With the Cardano treasury having reached over 1 billion in ADA using the 20 percent tax rate, a protocol change proposal (PCP) by earcoinpool has suggested now is the best…
Circle, the issuer of USDC, is reportedly considering an IPO in early 2024 amid a recovering crypto market. The stablecoin issuer’s market capitalization has seen a significant dip since its…
PayPal’s stablecoin, PYUSD, launched in August is under monitoring as the US Securities and Exchange Commission issues a Subpoena. It is reported that authorities’ major concern about this asset class…
Nigerians have doubled their embrace of crypto as volume hits $60 billion. This embrace is fueled by the devaluation of the local fiat currency, the Naira. Despite the bear market…
Cardano (ADA) marks a strategic advancement by appointing two former Algorand executives for its novel stablecoin-focused endeavor. The new venture is set to play a crucial role in innovating stablecoins…
By design, Fidelity believes Bitcoin will survive many years and achieve the initial goal of storing value due to its scarcity, monetary good, and high network security that has been…
Circle makes USDC directly on Polygon, simplifying DeFi use without Ethereum bridges. Low-cost, speedy transactions are possible with native USDC, improving payments and DeFi access. In a significant development, stablecoin…
Stellar (XLM) aims to speed up cross-border payments and cut costs, helping everyone access financial services. Stellar’s key features include its fast consensus protocol, low fees, built-in exchange, anchors for…
Stablecoin Issuer Circle files an amicus curiae brief in the case between the SEC and Binance to provide further explanation on the nature of stablecoins. Binance was sued by the…
The United States SEC has been on an expedition to provide the US government with the exact context of the local and global crypto market, whereby the Do-Kwon and Terra…
Leading crypto exchange Binance, teams up with MUFG in a bid to strengthen international adoption. In the long term, both parties will launch a stablecoin, designed to increase the adoption…
Cardano price has found a strong support zone between 23 and 24 cents YTD after forming a triple bottom that is often preceded by a bullish breakout. The Cardano’s DeFi…
Coinbase has increased the interest rate on USDC holdings from 4% to 5%, emphasizing its commitment to promoting stablecoin adoption and competing with Tether’s USDT. The SEC’s clarification that stablecoins…
In response to ongoing rumors, Palau’s Digital Residency Office Director working at the Ministry of Finance, Jay Hunter Anson, has clarified that its partnership with Ripple is still intact. He…
PayPal’s stablecoin (PYUSD) has been listed on Coinbase after the likes of Kraken, ByBit, Huobi, and Crypto.com made it available for trading. Unfortunately, the last couple of months have been…
PayPal announced that selected US customers can create a Cryptocurrencies Hub to access the crypto services, which are subject to its balance terms and conditions. PayPal crypto holders do not…
The US Federal Reserve has cautioned banks regarding their involvement with PayPal’s PYUSD stablecoin. Amidst PayPal’s stablecoin launch, scammers release counterfeit PYUSD tokens, urging vigilance from investors. The US Federal…
The PayPal USD (PYUSD) issued on Ethereum is redeemable at a ratio of 1:1 with the United States dollar. PayPal partnered with Paxos, which facilitated the minting of BUSD, to…
Stablecoin adoption is rapidly growing in Asia, Latin America, and Africa, reflecting global demand for reliable digital currencies. US Congressman McHenry endorses stablecoin regulation, aiming for US leadership in digital…