Paxos debuts new stablecoin payment platform with Stripe
Paxos’ goal is to support assets and chains based on customers’ interests and its own end-user preferences, the company said. Go to Source
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Ripple announces exchange partners for RLUSD stablecoin
More regulatory-compliant stablecoins like RLUSD could benefit mainstream crypto adoption worldwide. Go to Source
AED Stablecoin Gets Green Light From UAE Central Bank
AED Stablecoin LLC has received approval from the Central Bank of the United Arab Emirates (UAE) to launch its stablecoin, AE Coin. This makes AED Stablecoin the first entity in the UAE to issue stablecoins, aligning with the government’s digital strategy. AE Coin is a fiat-backed stablecoin, meaning each coin is backed by the AED … Read more
Tether mulls lending to commodity traders: Report
The USDT issuer needs ways to deploy billions of dollars in profits, and commodity traders could benefit from expanded credit. Go to Source
Stablecoin Liquidity Surges, JPMorgan Predicts Q4 Gains, and More — Week in Review
In September 2024, stablecoin liquidity hit record highs. Meanwhile, JPMorgan analysts predicted further Bitcoin gains, citing October’s historical “Uptober” trend. The FBI made headlines by charging 18 individuals involved in crypto fraud after setting up a fake crypto operation. Economist Peter Schiff warned of impending financial ruin unless the U.S. allows its “phony economy” to … Read more
Latam Insights: Venezuela Reaches Crypto Milestone, Consortium Announces Real Stablecoin
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news from the past week. In this issue, Chainalysis states Venezuela was the country where cryptocurrency markets grew most last year, Brazilian giants team to launch a real-pegged stablecoin, and Littio leveraged Avalanche to offer yield-bearing dollar-based savings accounts. Chainalysis Latam … Read more
Circle Brings USDC to Sui: What This Means for Bridged Tokens
Circle has introduced native USDC on the Sui blockchain, giving developers and users direct access to USDC without relying on bridges. This launch supports Circle’s multi-chain approach, utilizing Sui’s features for fast, secure, and scalable applications. USDC Goes Native on Sui Chain Circle explained that the native integration of USDC on Sui enables developers to … Read more
Stripe’s new stablecoin option gains traction in 70 countries on day 1
Stripe reintroduces USDC payments, marking a significant moment for crypto adoption as stablecoin transactions see global demand. Go to Source
Deribit Launches US Yield Coin (USYC) as New Yield-Bearing Cross-Margin Collateral Option
Deribit has announced the launch of the US Yield Coin (USYC) from Hashnote as a new yield-bearing cross-margin collateral option. USYC, an ERC-20 token backed by reverse repurchase agreements on U.S. Government Securities, provides traders with a stable and flexible collateral option that generates daily yield. The assets are secured in a segregated account at … Read more
Argentina overtakes Brazil in crypto inflows — Chainalysis
Argentina’s stablecoin market is one of the largest in the world in terms of share of stablecoin transactions, beating the global average by 17%. Go to Source