Curve Finance launches ‘Savings crvUSD’ yield-bearing stablecoin
Ensuring that decentralized finance platforms and networks do not remain siloed is a key hurdle for DeFi applications to overcome. Go to Source
Stablecoins
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Crypto Kidnapping: Tourist Held Captive, Forced to Transfer $250K in USDT
A 23-year-old Ukrainian tourist in Phuket, Thailand, was kidnapped and forced to transfer $250,000 in USDT stablecoins (about 8.56 million baht) to two armed robbers. Viacheslav Leibov was threatened with violence until he complied with the robbers’ demands. Initially, the two robbers, an Armenian and a Ukrainian, demanded $500,000 in USDT but agreed to settle … Read more
Tether launches open-source wallet development kit for humans and AI
The WDK will enable developers to integrate non-custodial wallets for USDT and Bitcoin into any app, website or device. Go to Source
Canadian police praise Tether for ‘swift’ recovery of stolen funds
The stablecoin firm previously came under fire from Wyoming Senator Cynthia Lummis for allegedly facilitating illicit finance activities. Go to Source
Tether swaps more than 2 billion USDT to the Ethereum network
The vast majority of Tether’s USDT volume exists on the Tron network due to comparatively lower fees and faster transaction finality. Go to Source
Global Dollar Network Launches: Crypto Titans Aim to Redefine Payments
A consortium of crypto and fintech giants is launching the Global Dollar Network for seamless cross-border payments. A New Frontier: Crypto Leaders Launch Global Dollar Network for Payments Leaders in fintech and digital assets announced Monday the launch of the Global Dollar Network, which they described as “an open network designed to accelerate stablecoin usage … Read more
Stablecoin supply alone won’t pump Bitcoin markets — Ki Young Ju
Stablecoins are now primarily used to store value in countries with rapidly depreciating fiat currencies or prohibitive capital controls. Go to Source
Stablecoin Market Grew by $555 Million in October – Which Tokens Are Leading the Pack?
According to the latest data, the stablecoin economy now holds a value of $172.892 billion, with October adding $555 million to the fiat-pegged token market. Stablecoin Market Continues to Climb Last month saw stablecoins grow modestly, with the market inching up 0.32% from $172.337 billion to $172.892 billion. Leading the pack, tether (USDT) now boasts … Read more
US store chain Sheetz expands crypto payments via Flexa
Sheetz has expanded its partnership with Flexa to accept BTC, ETH and stablecoin payments at over 750 locations in the US. Go to Source
Brazilian Central Bank Considers Taxing Stablecoin Remittances
The stablecoin boom in Brazil has caught the attention of the central bank, which is currently exploring several ways to tax stablecoin remittances, including issuing a special license for crypto exchanges that provide these services. Central Bank of Brazil Explores Tax on Stablecoin-Based International Transactions, but There’s a Catch The Central Bank of Brazil is … Read more
