PayPal’s PYUSD stablecoin hits $1B market cap
PYUSD competes with rivals such as Circle’s USDC and Tether’s USDT. Go to Source
Circle
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Circle’s Euro-Pegged Token EURC Surpasses €50 Million Market Cap
EURC, a Euro-pegged stablecoin by Circle, the issuer of USDC, has reached a market cap of over €50 Million ($55.37 million). According to Patrick Hansen, Circle’s Senior Director, EU Strategy & Policy, the stablecoin has experienced significant growth, registering a 36% increase in its issuance due to its recent launch on base, a Coinbase incubated … Read more
Does Hong Kong have issues with USDT and USDC? OSL exec weighs in
As Hong Kong looks into creating HKD and USD stablecoins, a local industry executive has addressed possible implications for stablecoins like UDST and USDC. Go to Source
Circle proposes new capital-risk framework for Stablecoins
In July 2024, Circle became the first stablecoin issuer to comply with the European Union’s Markets in Crypto Assets regulatory framework. Go to Source
Tether crypto exchanges balance hits record high as Treasury prints $1B USDT
If the Fed signals a rate cut, as CME data strongly suggests, crypto traders may quickly deploy their stablecoin reserves to drive a market rally. Go to Source
Stablecoin issuance could be key to the next Bitcoin rally: 10x Research
More than $2.5 billion has been issued by Tether and Circle over the past week, and 10x Research believes continued momentum could spark a Bitcoin rally. Go to Source
Crypto Biz: Stablecoins wave, crypto trading via UAE banks, and more
This week’s Crypto Biz explores Tether’s profit record, bank-linked crypto trading in the United Arab Emirates, Polymarket’s growth amid US elections, and Coinbase custodian arm. Go to Source
USDC trading volume soars 48% in July, driven by MiCA, market growth
The market capitalization of stablecoins increased by 2.1% to $164 billion in July, the highest level since April 2022. Go to Source
Harris’s campaign aims to repair democratic ties with crypto sector
As the 2024 election approaches, the interplay between political strategies and industry dynamics will continue to evolve. Go to Source
Opera Mini’s crypto wallet MiniPay now offers USDT and USDC
Since launching in September 2023, Opera Mini’s MiniPay app has amassed 3 million users. Go to Source
