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A new report by blockchain compliance firm Bitrace has revealed that $649 billion in stablecoin transactions passed through high-risk addresses in 2024. The figure accounts for slightly more than 5%…
On April 28, Mastercard announced a partnership with the OKX crypto exchange and Canadian payments processor Nuvei, which will “unlock a 360-degree approach where consumers can spend stablecoins and merchants…
Over two months of market correction may finally be coming to an end as Bitcoin’s on-chain metrics begin to flash positive signals again. According to a weekly report by the…
What are gold-backed stablecoins, and how do they work? Gold-backed stablecoins are digital currencies pegged to physical gold reserves and designed to maintain a stable value. The concept of gold-backed…
While market volatility pressures Bitcoin mining firms to liquidate assets for survival, Tether is charting a different course. In fact, the stablecoin giant has significantly deepened its involvement in the…
The algorithmic stablecoin sUSD, a cornerstone of the Synthetix ecosystem, has spiraled into its deepest depeg in years, tumbling below $0.7 amid mounting concerns over its collateral mechanism and liquidity…
TL;DR Shiba Inu’s stablecoin is still unavailable, awaiting certain regulations before its launch. However, other SHIB-related tokens like LEASH, BONE, and TREAT are already live, offering staking rewards, metaverse involvement,…
The synthetic USD (sUSD) stablecoin, issued by Synthetix, has plunged below its $1.00 peg, sinking as low as $0.83 before rebounding slightly. This drop marks the stablecoin’s second depeg in…
On April 2, the US House Financial Services Committee passed the STABLE Act, which now needs to pass a full House vote and then a Senate vote in its next…
Tron founder Justin Sun quietly intervened to stabilize TrueUSD (TUSD) stablecoin after its reserves faced a significant liquidity crisis despite publicly distancing himself, according to recent Hong Kong court filings.…