Ripple aims to compete against giants of the stablecoin industry, such as Tether. The price of XRP (Ripple’s volatile cryptocurrency) is in a marked uptrend. Ripple, the issuing company of the XRP cryptocurrency, is close to obtaining approval from the New York Department of Financial Services (NYDFS) to launch its new stablecoin, RLUSDas reported FOX … Read more
The market capitalization of stablecoins reached $190 billion, marking a new all-time high (ATH). This is a factor that favors bullish expectations for bitcoin (BTC), which was close to exceeding the $100,000 line. This is because, historically, there is a correlation between the market capitalization of stablecoins, BTC and cryptocurrencies. Many investors often buy stablecoins … Read more
The stablecoin of Ripple, Ripple USD (RLUSD), the company behind the XRP cryptocurrency, will be launched “in weeks,” said Brad Garlinghouse, CEO of this company. That statement from Garlinghouse was reported by CriptoNoticias on September 9, 2024, so the arrival of RLUSD to the cryptocurrency market would be increasingly closer. 1:1 parity of the RLUSD … Read more
Users who hold EURT have one year to redeem their funds. The decision aligns with the MiCA Law, which regulates stablecoins in the EU. Tether, the company behind the world’s largest stablecoin, USDT, announced that it has suspended support for EURT, its euro-based stablecoin. In a release published this Wednesday, November 27, they reported that … Read more
USDC seeks to be a strong competitor against USDT, which dominates the market. Galaxy anticipates that this could be a new standard for stablecoins. Coinbase, the world’s second-largest bitcoin (BTC) and cryptocurrency exchange, announced that Coinbase Wallet users can earn a base annual yield (APY) of 4.7% on their USDC holdings. According to a press … Read more
Binance, the world’s largest cryptocurrency exchange, introduced BFUSD, an interest-paying “digital dollar.” The launch will be tomorrow, November 27 at 2:00 AM (UTC). The asset operates similarly to a stablecoin, but company spokespersons were in charge of detailing its operation. As explained by Binance through a release“is designed as a margin asset for futures trading, … Read more
In order to cover the European Union market, Tether has made an investment in Quantoz Payments, a firm that is launching two new stablecoins in the region: EURQ backed in euros, and USDQ backed in dollars. These are two stable currencies that already comply with the regulations of the Regulation for the Cryptoactive Market (MiCA) … Read more
LayerZero uses operations validators from companies such as Paxos, Google Cloud and others. PYUSD reached $1 billion in market capitalization in just over a year. The payment platform PayPal announced on November 12, 2024 that its stablecoinPayPal USD (PYUSD), has integrated the LayerZero protocol to enable third-party transfers between the Ethereum (ETH) and Solana (SOL) … Read more
The oil, produced in the Middle East, was valued at about $45 million. Tether wants to support a broader range of commodities and industries. The Tether company announced that its investment arm, Tether Trade Finance, funded the first crude oil transaction with the USD Tether (USDT) stablecoin. This operation involved the transportation of 670,000 barrels … Read more
By depositing USDC-ERC20 into Ethereum, Tron creates an equivalent amount in the new currency. The TRON-Peg USD Coin is audited by the ChainSecurity firm. Tron DAO announced the launch of TRON-Peg USD Coin on the Tron blockchain, opening “new doors for cross-chain transactions and expanding our stablecoin ecosystem.” As reported by the DAO in a … Read more