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Circle, the stablecoin issuer behind USD Coin (USDC), is teaming up with Tokyo-based financial services firm SBI Holdings to boost the adoption of USDC and Web3 services in Japan.Circle said it concluded a memorandum of understanding (MOU) with SBI Holdings on Nov. 27, which will underpin the strategic expansion of
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This month, about $200 million in crypto will be released into the market. At least six large projects account for over 80% of the total, or $174 million, as reported by TokenUnlocks. This considerable surge could create a substantial shift in the market dynamics of these assets. The so-called “token unlocks” process
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Paxos has released a transparency report on PayPal’s recently launched PYUSD stablecoin. The report, dated Aug. 31, 2023, reveals that the stablecoin is backed by $45.3 million in assets, primarily held in US Treasury Reverse Repurchase Agreements (REPO) and cash deposits at insured depository institutions. Paxos transparency report The report also shows
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On May 31, Tether (USDT) tokens issued on the Tron blockchain reached another all-time high of $46 billion, compared to $36.8 billion for Ethereum, accounting for over 60% of USDT’s circulating supply. The milestone comes on the fifth-anniversary launch of the Tron mainnet.Over the past five years, Tron developers claim
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied A substantial number of $OP tokens, totaling 154.6 million ($252 million), will be unlocked within a day, making them accessible for trading or transfer. This represents approximately 3.6% of the total supply and a significant 46% of
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During the past 11 days, over 7 billion USDC stablecoins have been withdrawn from circulation, with most of the redemptions occurring following the depegging event of USDC on March 11, 2023. Furthermore, since March 6, a total of 439.48 million BUSD stablecoins have been redeemed. Stablecoin Depegging Event Triggers Billions in
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The People's Bank of China included e-CNY, the country's digital currency, in calculations of the amount of currency in circulation for the first time. Source
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The authority responsible for crypto oversight in Uzbekistan has determined the order of issuing and circulating digital assets in the country. The main reason behind the move is to establish a mechanism that would allow local companies to attract capital through coins and tokens. Uzbekistan Government Sets Out to Regulate Digital
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One of the biggest factors differentiating Bitcoin (BTC) from fiat currency and most cryptocurrencies is the hard limit of 21 million on its total circulating supply. However, the demise of numerous crypto exchanges over the last decade has permanently taken out at least 5.7% (1.2 million BTC) of the total
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In the early hours of Friday, news broke that a hacker had been able to successfully exploit the BNB Chain. However, unlike
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