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USDS and RLUSD Stablecoins See Uptick in Supply Amid Broader Stablecoin Growth

The latest data highlights that the stablecoin market currently sits at $173 billion, with two recently introduced U.S. dollar-backed stablecoins showing significant growth. The decentralized finance (defi) project Sky, previously…

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World Liberty Financial Adds 100K Investors to Whitelist, Eyes $1.5B Valuation Post-Raise

On Monday, the team behind the decentralized finance (defi) project World Liberty Financial (WLF), backed by the Trump family, announced that over 100,000 accredited U.S. investors have been added to…

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This Week’s Crypto Gainers and Losers: Meme Tokens Outshine Bitcoin and Ethereum

In the midst of a more optimistic crypto market, both bitcoin and ethereum have enjoyed steady growth, climbing by 3.13% and 3.61%, respectively, over the past week. Additionally, several other…

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ECB Working Paper: The Role of Stablecoins as Crypto Safe-Haven Is Questionable

A recent study part of the European Central Bank (ECB) working paper series has concluded that stablecoins are susceptible to shocks derived from U.S. monetary policy changes. Contractionary shocks make…

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Inflation, Dollar Shortage Fuel Stablecoin Use in Sub-Saharan Africa

Stablecoins are surging in popularity across Sub-Saharan Africa, accounting for 43% of crypto transactions compared to bitcoin’s 18.1%. This trend is driven by the instability of local currencies and limited…

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Mass Liquidations Impact Over 100,000 Traders Amid Crypto Market Downturn

Bitcoin’s price briefly dipped to an intraday low of $59,860 shortly after 9 a.m. EDT on Oct. 3, 2024. As of 1 p.m., the cryptocurrency is trading above the $60,000…

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