Total stablecoin supply hits $180 billion: Report
Despite a bearish backdrop for the overall crypto industry, the stablecoin supply has hit a total of $180 billion, surging by $9.5B over the past 30 days.
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Stablecoin Economy Grows Close to 10% Larger in 54 Days — GUSD, BUSD, USDC Issuance Jumps
At the end of December 2021, the stablecoin economy’s market valuation was around $168.3 billion and since then, it has increased 9.92% to $185 billion in value. A number of…
Luna Foundation Guard raises $1B to form UST reserve denominated in Bitcoin
Terra said it chose to denominate the Forex Reserve in Bitcoin because it considered the crypto asset "less correlated to the Terra ecosystem."
Fireblocks to Acquire Crypto Payment Platform for a Reported $100 Million
Digital asset custody service provider Fireblocks has announced it will acquire First Digital, a fellow Israeli company, for $100 million. The acquisition, which is said to be Fireblocks’ first, comes…
Wyoming lawmakers introduce legislation for state-issued stablecoin
Avanti Financial CEO Caitlin Long said the bill had its own pros and cons, but it was “definitely a conversation-starter” for lawmakers exploring stablecoins.
Terra injects 450M UST into Anchor reserve days before protocol depletion
The move is designed to maintain the stablecoin savings protocol's lucrative yield of approximately 20% per annum.
Circle’s valuation doubles to $9B following revised merger agreement with Concord
The Circle-Concord business combination will create a new company that plans to list publicly on the New York Stock Exchange.
Fireblocks acquires stablecoin payments platform First Digital
Fireblocks CEO Michael Shaulov said his company wants to “help every business become a crypto business,” referring to their ability to accept digital payments.
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