stablecoin

Tether Launches New Digital Asset Backed by Tether Gold

Tether has launched a new digital asset called Alloy by Tether, which is backed by Tether Gold. This asset aims to “redefine stability…

2 years ago

PayPal USD Stablecoin Goes Live on Solana Blockchain

PayPal, a payment giant, declared the launch of the PayPal USD (PYUSD) stablecoin on the Solana blockchain, which is well-liked by…

2 years ago

SEC Calls Ripple’s Proposed Stablecoin an ‘Unregistered Crypto Asset’

The US Securities and Exchange Commission (SEC) appears to be targeting Ripple’s proposed stablecoin in its latest court filing against the crypto…

2 years ago

U.S. Treasury Official Targets Tether USDT Stablecoin in Russian Sanction Evasion

US Treasury Deputy Secretary Adewale Adeyemo said Russia was increasingly using alternative payment mechanisms like Tether’s USDT stablecoin to bypass economic sanctions, according to his written…

2 years ago

Circle Integrates Web3 Services on Solana to Boost USDC Adoption

A fintech firm, Circle, confirmed plans of providing Web3 services for users of Solana, a Layer 1 Blockchain ecosystem. This…

2 years ago

Bank of International Settlements Publishes New Stablecoin Report Following Ripple’s Announcement

Members of the Financial Stability Institute (FSI) of the Bank for International Settlements (BIS) have published a new paper that focuses…

2 years ago

Ripple to Launch USD Stablecoin, Taking on a $150B Market Dominated by Tether and Circle

Crypto startup Ripple is the latest major player to jump into the $150 billion stablecoin market with the launch of…

2 years ago

Tether Becomes Seventh Largest Bitcoin Holder With Recent $618 Million Purchase

Tether (USDT) is now the seventh-largest Bitcoin holder globally, following its purchase of more than 8,000 BTC in the past day, according to…

2 years ago

Cardano’s USDM Stablecoin Set For April Retail Launch

Cardano, in collaboration with Mehen Finance, has taken a significant step by introducing a fiat-backed stablecoin called USDM. This announcement strengthens…

2 years ago