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Synthetix’s stablecoin, sUSD, has dipped yet again—this time by 4.6%—in just the last 24 hours, and is now sitting at a value of $0.916. With this new significant drop, sUSD is now pegged over 8% off where it should be. With this new serious stability issue that sUSD is dealing with, many Twitter Communities and … Read more
Circle Internet Group Inc., a leading stablecoin operator, is aiming to go public with an S-1 filing that outlines major opportunities and challenges in the fast-evolving digital finance sector. Circle’s High-Stakes Leap Into Public Trading Circle, the issuer behind the widely circulated stablecoin USDC, has unveiled plans for an initial public offering (IPO), signaling a … Read more
The stablecoin economy expanded notably in March, posting a 4.52% increase over the month. Roughly $10.148 billion flowed into the fiat-pegged sector during the 31-day stretch. March Stablecoin Boom The stablecoin sector has maintained its upward momentum, expanding 15.57% since the beginning of the year with an infusion of $31.590 billion. March alone accounted for … Read more
The Stanford Blockchain Club published a paper on March 28 introducing “Type III Stablecoins,” a new category of yield-bearing stablecoins governed by autonomous smart contracts, developed by Cap Labs’ Benjamin and Jae. Yield Without Compromise? Type III Stablecoins Propose a Trustless Path Forward The paper published in the Stanford Blockchain Review outlines a paradigm shift … Read more
The stablecoin market, a vital part of the cryptocurrency ecosystem, has undergone a breathtaking growth and expansion in the last few years, with the total supply now reaching a surreal amount of $210 billion. This total far exceeds even the transaction volume of traditional financial institutions like Visa and Mastercard, and it underscores the increasing … Read more
The cryptocurrency market is now experiencing a decline in trading activity that is noticeable when compared to the prior period of what everybody thought was at least a bull cycle. The most recent all-time high for the total market cap of all cryptocurrencies was approximately $3.2 trillion in early January 2025. Since then, the numbers … Read more
Acting SEC chair rejects enforcement, first US bank-issued stablecoin, Bitcoin’s four-year cycle at crossroads, and more in this Week in Review. Week in Review Acting SEC Chair Uyeda called for clear rulemaking over enforcement to provide much-needed guidance to the industry. The first U.S. bank-issued stablecoin on a permissionless blockchain—Ethereum—has launched. Bitcoin’s price remains relatively … Read more
Circle’s stablecoin, USDC, has hit an extraordinary milestone, achieving a record market capitalization of $60 billion. This is a significant increase and has more than doubled the value of USDC in the past year. This growth doesn’t only speak to the increasing adoption of USDC. It also is a testament to the broader growth of … Read more
Through Juno, a new subsidiary dedicated to digital assets and stablecoin issuance, Bitso aims to introduce the Mexican peso stablecoin to serve several use cases, with remittances and cross-border payments facilitation at the center. Bitso Introduces Juno, Launches Mexican Peso Stablecoin The stablecoin market is heating up, and companies are now backing them with currencies … Read more
The U.S. state of Wyoming has identified nine candidate blockchains to host its upcoming stablecoin, dubbed WYST. The state has selected Layerzero, an omnichain interoperability protocol, as the top-ranked vendor for smart contract development. Wyoming Eyes Multiple Blockchains for Upcoming Stablecoin Launch The U.S. state of Wyoming has identified nine candidate blockchains as potential hosts … Read more