This Monday, October 21, 2024, it was reported that Stripe, the online payments giant, purchased Bridge, a stablecoin platform, for an amount of USD 1.1 billion. The transaction, subject to regulatory approvals, is expected to close in the coming months. Stripe CEO Patrick Collison confirmed the acquisition of Bridge in a message published in X, … Read more
Brazil is Meli Dólar’s main focus, says Estivariz. According to the executive, the currency has had “good acceptance” in Brazil. Ignacio Estivariz, vice president of Fintech services at Mercado Libre, stated that the Meli Dólar stablecoin already has “millions of users” who have received the currency “through the benefits of the loyalty program or because … Read more
The growth of stablecoins means more liquidity to buy bitcoin and cryptocurrencies. “This will probably be one of the main drivers in a bull market,” says analyst. The market capitalization of USD Tether (USDT) and other stablecoins has been increasing steadily for just over a year. And not only that, but it is reaching outstanding … Read more
A substantial drop in euro stablecoin trading volume characterizes the European Union (EU) market in the last three months. Exactly the period since the entry into force of the rules for stable currencies of the Regulation for the Cryptoasset Market (MiCA). As reflected the statistics From analysis firm Kaiko, the most pronounced effects have occurred … Read more
The stablecoin market has increased during the third quarter of the year, especially that of one in particular: PayPal USD (PYUSD). During this period, the dominance of stablecoins in the cryptoasset market increased by 3%, representing almost 7% of the total. This was partly due to the dominance of the niche’s top two assets, tether … Read more
USDT has been on Solana for a long time, but this is a new access route. Users can connect USDT from Ethereum Virtual Machine to Solana natively. Allbridge announced the integration of USD Tether (USDT) into the Solana network through its bridge, facilitating a direct connection from the Ethereum Virtual Machine (EVM) to that network. … Read more
RLUSD will be available “globally” to institutions and users, Ripple says. Ripple appointed an advisory board with experts to launch RLUSD to the market. Ripple announced this Tuesday, October 15, that its stablecoin, RLUSD, will be available globally to institutions and users through seven bitcoin and cryptocurrency exchanges, as part of a strategic partnership. Platforms … Read more
«Despite their supposed convertibility to fiat world currencies, the stablecoins “They are not the safest assets to face the current financial crisis,” says a working document from the European Central Bank (ECB) published on October 7. In his study, titled «Stablecoins, Money Market Funds, and Monetary Policy» (Stablecoins, money market funds and monetary policy), the … Read more
After several years in which the leader in adoption in Latin America was Brazil, in 2024 the first place as the country that uses cryptocurrencies the most in the region went to Argentina. As indicated by the recent Chainalysis statistics, with figures for the period from June 2023 to June 2024, the volumes of transactions … Read more
The stablecoin USD Coin (USDC) as of today, October 8, is natively hosted on Sui, a cryptocurrency and token network supported by the Ethereum Virtual Machine (EVM). That USDC is natively in Sui means that It is officially issued by the Circle company on that network and it is not a “wrapped” token issued by … Read more