USDP – DIGIT INFO

Paxos Launches New Stablecoin Payments Platform With Stripe as First Customer

DIGIT — Wed, 16 Oct 2024 19:05:24 +0000

Paxos, a regulated tokenization infrastructure platform, has unveiled its new stablecoin payments platform, with Stripe as its inaugural customer. This innovative solution powers Stripe’s Pay with Crypto product, enabling merchants to seamlessly accept stablecoin payments. By leveraging Paxos’ comprehensive infrastructure for onboarding, pay-ins, conversions, and payouts, businesses can reduce costs and expand their international reach […]

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Stripe’s new stablecoin option gains traction in 70 countries on day 1

DIGIT — Fri, 11 Oct 2024 08:42:10 +0000

Stripe reintroduces USDC payments, marking a significant moment for crypto adoption as stablecoin transactions see global demand.

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Stablecoin dominance slides as market cap falls to near 2-year lows: CCData

DIGIT — Fri, 21 Jul 2023 03:07:20 +0000

After 16 consecutive months of decline, the stablecoin market dominance has fallen to 10.3% of the total crypto market capitalization.

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Tether’s Market Cap Inches Towards All-Time High as Competitors Struggle With Redemptions

DIGIT — Sat, 13 May 2023 18:34:57 +0000

Despite several U.S. dollar-pegged digital tokens experiencing notable redemptions in recent months, the largest stablecoin by market valuation, tether, is on the verge of achieving its highest-ever market capitalization. With a current value of $82.84 billion, tether is a mere $433 million shy of reaching its all-time high (ATH) set on May 8, 2022. Stablecoin […]

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Stablecoin Market Sees Fluctuations With Some Coins Gaining and Others Reducing Supply

DIGIT — Sun, 26 Mar 2023 14:30:52 +0000

According to statistics, on March 26, the stablecoin economy was valued at $135 billion, with the top stablecoins representing $31.8 billion or 75% of the $42.17 billion in 24-hour global trade volume across the entire crypto market. In the last two weeks since March 11, 7.06 billion USDC and 351.57 million BUSD have been redeemed. […]

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USDC Stablecoin Nears Parity With USD After Fed’s Bailout Announcement

DIGIT — Mon, 13 Mar 2023 02:30:26 +0000

The stablecoin USDC has nearly regained parity with the U.S. dollar after rising just above $0.99 on March 12, 2023, at 7:20 p.m. Eastern Time. The stablecoin jumped back to the $0.99 range after the U.S. Federal Reserve revealed it would bail out depositors of California’s Silicon Valley Bank (SVB) and New York’s Signature Bank. […]

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USDC Stablecoin Depegging Causes Concern Among Crypto Advocates, 5 Other Stablecoins Slip Below Parity

DIGIT — Sat, 11 Mar 2023 17:49:55 +0000

On Saturday, March 11, 2023, crypto advocates are concerned as a few stablecoin assets have depegged from their $1 parity. The second-largest stablecoin USDC, issued by Circle Financial, fell below $0.90, reaching a low of $0.877 per coin. Additionally, around five other stablecoins have dropped below the U.S. dollar parity during the early morning (ET) […]

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Ebb and Flow of Stablecoin Economy Continues With BUSD’s Market Cap Dropping Below $10 Billion Range

DIGIT — Fri, 03 Mar 2023 15:00:19 +0000

The realm of stablecoins is an ever-evolving landscape and the number of coins in circulation for the stablecoin BUSD has fallen below the 10 billion mark to approximately 9.68 billion on March 3, 2023. Over the last 30 days, BUSD’s token supply has dropped 40% lower. In contrast, the number of tethers in circulation has […]

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Nearly 3 Billion BUSD Stablecoins Have Been Removed From the Market in 6 Days

DIGIT — Sun, 19 Feb 2023 23:30:35 +0000

Six days ago, a few hours before the blockchain infrastructure platform Paxos announced it would no longer mint BUSD stablecoins, $2.86 billion worth of BUSD were redeemed. Currently, Binance is the most active exchange trading BUSD tokens, and the stablecoin still commands roughly 10.7% of the crypto economy’s $67.71 billion in global trade volume over […]

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Binance mints 50M TrueUSD days after Paxos ordered stop issuing BUSD

DIGIT — Fri, 17 Feb 2023 02:22:59 +0000

Despite the minting of $50 million in TUSD, Zhao previously said the regulatory crackdown on stablecoins in the U.S. will cause the USD-back stablecoin market to “shrink.”

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