Global Stablecoin Supply Hits New All-Time High
The global stablecoin supply has hit new highs, with Tether (USDT) and USD Coin (USDC) dominating the sector. According to a Bloomberg report citing data from DefiLlama, the market capitalization…
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The Unstoppable Rise of Stablecoins: A 319% Boom Since 2021
The stablecoin economy has grown substantially, surpassing its previous peak recorded just before Terra’s stablecoin collapsed in May 2022. Stablecoin Market Sees Triple-Digit Growth as Tether’s Market Cap Hits $132B…
Big Ripple (XRP) Announcement Soon? Company Burns Millions of RLUSD Tokens
TL;DR Ripple’s stablecoin is reportedly ready for launch, pending NYDFS approval. XRP remains strong, boosted by political shifts and anticipation of RLUSD’s release, currently trading at $1.46 with further potential…
Binance Launches Reward-Bearing BFUSD for Futures Traders
The world’s largest crypto exchange, Binance, has launched its controversial reward-bearing margin asset, BFUSD. This asset offers futures traders an opportunity to earn up to 38% passive revenue while holding…
Cantor Fitzgerald to Tap Tether in $2B Bitcoin Lending Project, Secures 5% Stake
Howard Lutnick, US President-elect Donald Trump’s pick for Commerce Secretary, aims to launch a $2 billion project to lend dollars to clients who supply Bitcoin as collateral, according to Bloomberg…
Sky (Formerly Maker) Announces USDS’s Debut on Solana Blockchain
Sky, the DeFi lending protocol that was formerly known as Maker, has rolled out its USDS stablecoin on the Solana blockchain. According to the official announcement, Sky said the launch…
Binance Announces BFUSD with High APY but Faces UST Comparisons
Binance’s token BFUSD has already sparked speculation even before its launch. It all started with Binance’s introduction of the new asset on Monday which offers 19.55% APY, positioning itself as…
Paxos to Acquire Membrane Finance in Strategic Move to Make USD-Backed Stablecoins MiCA Compliant
This strategic move is aimed at accelerating Paxos’ commitment to compliant financial products and success of its stablecoins. USD-Backed Stablecoins in Europe Paxos, a regulated financial institution and provider of…
Stablecoin Supply Hits Record $176.2B Amid Market Recovery
The total stablecoin supply reached an all-time high of approximately $176.2 billion. According to data compiled by Token Terminal, stablecoin supply has steadily recovered after a decline from mid-2022 through…
A $9.7 Billion Boom in 14 Days—Stablecoin Market Eyes Historic Peak
Over the past 14 days since Nov. 2, an eye-popping $9.736 billion has flowed into the stablecoin economy, adding to the $555 million boost recorded in October. Near Record Highs:…
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