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Bitgo plans to launch its new stablecoin, USDS, in January 2025, offering a unique model that rewards liquidity providers. The announcement was made by Bitgo CEO Mike Belshe during an interview with Coindesk at the Token2049 event in Singapore. The stablecoin will be backed by U.S. Treasury bills, overnight repos, and cash, aiming to create … Read more
BitGo’s USDS stablecoin will challenge major issuers like Circle and Tether, aiming to distribute up to 98% of earnings to network supporters. Go to Source
Approximately three hours ago, the Tether Treasury minted 1 billion USDT on the Ethereum network. This minting activity comes just before the highly anticipated Federal Reserve interest rate cut, scheduled for September 17-18. Over the past year, the Tether Treasury has issued a staggering 35 billion USDT, playing a key role in Bitcoin’s price surge … Read more
USDC is now integrated into the banking systems of Brazil and Mexico, allowing businesses to use the USD-pegged stablecoin directly through local financial institutions. Go to Source
Tether’s stablecoin continues to dominate rivals, including Circe’s U.S. Dollar Coin (USDC). Go to Source
The UDSC stablecoin will soon become natively supported on the Sui network through the Cross-Chain Transfer Protocol. Go to Source
Stablecoin issuer Circle expects internet payment firms and other financial services companies will attempt to enter or expand in the space. Go to Source
2025 could bring stablecoins into the mainstream, after 2024 introduced a “turning point year in crypto,” according to Circle’s Allaire. Go to Source
Jesse Spiro said he intended to work with industry leaders and lawmakers to help grow the ecosystem in his role at Tether. Go to Source
It comes a day after a UK government bill aimed to clarify that crypto was “personal property” under property laws. Go to Source