STABLECOIN
A stablecoin (or stable coin), as its name indicates, is a stable cryptocurrency designed to be resistant to the type of price volatility synonymous with cryptocurrencies like Bitcoin and Ether. The key is to understand "stable": what is "stable"? which references are pegged to make its value "stable"? In terms of what we measure the "stability".
BounceBit Launches USD1 Stablecoin, Enhancing CeDeFi Yield Strategies
BounceBit introduces USD1, a stablecoin backed by WLFI, to its CeDeFi platform, expanding institutional-grade yield opportunities.
U.S. Crypto Regulation: GENIUS Act Delayed, Banks Gain Clarity
The U.S. regulatory landscape for cryptocurrency sees developments in stablecoin legislation, digital asset market structure, and banking clarity, according to a16z crypto.
Falcon Finance Introduces Overcollateralized Stablecoin USDf
Falcon Finance launches USDf, a synthetic stablecoin backed by diversified collateral, offering security and flexibility in the DeFi space.
Standard Chartered, Animoca Brands, and HKT to Launch HKD-Backed Stablecoin
Standard Chartered, Animoca Brands, and HKT are forming a joint venture to issue a stablecoin backed by the Hong Kong dollar, pending regulatory approval.
Tether Invests in Zengo Wallet to Boost Stablecoin Adoption
Tether announces a strategic investment in Zengo Wallet, aiming to enhance self-custody solutions and drive global stablecoin adoption, reflecting its commitment to secure digital asset management.
OKX Ventures Backs USUAL for Decentralized Stablecoin Innovation
OKX Ventures invests in USUAL, a decentralized stablecoin protocol integrating Real-World Assets, enhancing DeFi with governance and ownership features.
Paxos and Standard Chartered Enhance Stablecoin Reserve Management
Paxos partners with Standard Chartered to advance stablecoin reserve management, strengthening digital asset infrastructure and regulatory compliance across global markets.
FDUSD Stablecoin Launches on Sui Blockchain
First Digital introduces its stablecoin, FDUSD, as a native token on the Sui blockchain, expanding DeFi options and showcasing institutional confidence in Sui's growing ecosystem.
Paxos Introduces USDG and Global Dollar Network for Stablecoin Advancement
Paxos unveils USDG, a US dollar-backed stablecoin, alongside the Global Dollar Network to boost stablecoin adoption globally, according to Paxos.
Global Dollar Network Launched to Boost Stablecoin Adoption
Anchorage Digital, Bullish, Galaxy Digital, and more launch Global Dollar Network to enhance stablecoin usage globally, featuring the new stablecoin USDG.
Paxos Launches USDG Stablecoin with Regulatory Compliance
Paxos introduces USDG, a US dollar-backed stablecoin, compliant with Singapore's MAS framework. Partnering with DBS Bank for secure reserve management, USDG aims to enhance global stablecoin adoption.
Tether (USDT) Reports $7.7 Billion Profits and Record U.S. Treasury Holdings in Q3 2024
Tether's Q3 2024 report reveals $7.7 billion nine-month profits, $102.5 billion U.S. Treasury holdings, and a $6 billion reserve buffer, highlighting its financial strength.
Agora Introduces AUSD Stablecoin on Injective (INJ)Blockchain
Agora launches AUSD, a US dollar-backed stablecoin, on the Injective (INJ)blockchain, enhancing liquidity between DeFi and TradFi markets, and supporting seamless financial transactions.
M^0 Integrates Wormhole NTT for Multichain Stablecoin Expansion
M^0 partners with Wormhole to enhance the multichain capabilities of its stablecoin M, utilizing Wormhole's NTT framework to boost interoperability and DeFi adoption.
Paxos Launches Yield-Bearing Stablecoin on Injective (INJ)Network
Paxos introduces Wrapped Lift Dollar (wUSDL) on the Injective (INJ)Network, offering users a stablecoin that earns yield from treasury bills, enhancing DeFi interactions.