The goal is to increase stablecoin adoption and expand real-world use cases. The network comes with a new stablecoin, called USDG, that “provides economic benefits.” Cryptocurrency firm Paxos announced the launch of the Global Dollar Network, a platform designed to accelerate the global adoption of stablecoins. This network, powered by firms from the bitcoin (BTC) … Read more
The sUSD token is backed by US Treasury bills, an asset considered low risk. Interest with sUSD works through the restaking modality. Solayer Labs is a re-staking protocol on the Solana network that launched a stablecoin, backed by real-world assets (RWA), that allows interest to be generated. Solayer works similar to a savings bank account, … Read more
The cryptocurrency is issued by Sollayer Labs, a restaking protocol on Solana. The yield obtained is 4.33% in Treasury bills. Solayer Labs, a re-staking protocol on the Solana network, has introduced the Solayer USD (sUSD) stablecoin on its platform, a crypto asset designed to generate interest for its holders. “Cryptocurrencies are not just numbers, but … Read more
Fiat-based stablecoins, like the dollar, have shown higher growth, Treasury says. These assets play an integral role in transactions between cryptocurrencies, they indicate. The United States Department of the Treasury published a report this week in which it points out that stablecoins are increasingly choosing to maintain important short-term US Treasury guarantees. The document expects … Read more
“We think we are doing the best we can,” Ardoino said. Tether would be under scrutiny by authorities in the US and other countries for compliance issues. Paolo Ardoino, the CEO of Tether Limited, the company that issues the USDT stablecoin, faced public and media scrutiny after the publication of an article in the Wall … Read more
L2 is interoperable with Bitcoin and Lightning, and allows developers to create applications. Spark uses a shared signing address between the user and Spark Operators (OS). Bitcoin solutions development company Lightspark launched Spark, a new layer 2 designed to enable instant, cheap and unlimited self-custody transactions of bitcoin and stablecoins. This second layer is presented … Read more
The purchase, sale, transfer and custody of the assets will be in the hands of the bank. The service allows the use of USDT on an expanded basis in Bolivia, according to the bank. Banco Bisa, the fourth largest bank in Bolivia, announced the incorporation of a service for cryptocurrencies, specifically with USDT, Tether’s stablecoin. … Read more
The alleged hack involves USDC, USDT, aUSDC and ETH. The hacker would have started laundering the profits through suspicious addresses. A cryptocurrency wallet managed by the United States government was apparently hacked resulting in the transfer of approximately $20 million in digital assets. Blockchain analytics firm Arkham Intelligence identified the move, which involved nearly $14 … Read more
The bitcoin market shows that people want a secure way to hold value. According to Hong Fang, it is advisable to review the data in the long term. Hong Fang, president of the OKX cryptocurrency exchange, gave a conference in which she highlighted the role of bitcoin (BTC) as a superior store of value. This … Read more
The market capitalization of USD Tether (USDT) has exceeded $120 billion, while that of all stablecoins together reaches $172 billion. This increase implies a greater issuance of these coins, which generally positively influences the price of bitcoin. In recent days, the market capitalization of USDT (which is the largest stablecoin in the world) has increased … Read more