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America’s Oldest Bank to Become Primary Custodian of Circle’s USDC
Circle has tapped BNY Mellon – one of the Wall Street giants leading the cryptocurrency adoption – to serve as the primary custodian of its stablecoin USD Coin – USDC.…
Fantom Introduces Stablecoin USDB
Fantom Foundation (FantomFDN) – a blockchain platform for DeFi, cryptocurrency dApps, and enterprise applications – designed a stablecoin called USDB. The product’s landscape encompasses Bridge, Traditional Finance, Staking, xFHM, Mint…
Terra Buys Another 2,943 BTC Worth $140 Million to Build its Stablecoin Reserves
After announcing intentions to release a stablecoin backed by BTC reserves worth in total of $10 billion, Terra has begun accumulating. The latest purchase came earlier today, and the blockchain…
Global Crypto Economy Holds Above the $2 Trillion Zone for 5 Consecutive Days
The crypto economy has managed to remain above the $2 trillion mark during the last five days since March 22. Currently, the global cryptocurrency market capitalization is 1.3% higher during…
Fed Governor Says ‘Blockchain Is Totally Overrated,’ Claims Crypto Is ‘Just Electronic Gold’
The American economist and member of the Federal Reserve Board of Governors, Christopher Waller, believes blockchain technology is “totally overrated,” even though the U.S. central bank “put a lot of…
Bank of England Says Crypto Assets ‘Present Financial Stability Risks,’ Bank Begins Sketching Regulatory Framework
The Bank of England has revealed that it is working on sketching a regulatory framework for crypto assets, according to statements stemming from the central bank’s Financial Policy Committee on…
‘Millionaire’ stablecoin wallet addresses surpass 12 million
It appears the number of 'stablecoin millionaires' has been growing steadily throughout the year.
Stablecoin Economy Nears $200B, UST Supply Jumps Higher, USDN Spikes 43% in 30 Days
During the last 12 months the stablecoin economy has grown massive and the current valuation today is only $13 billion away from tapping the $200 billion mark. This month, the…
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