Cryptocurrency Analysis and News Portal
Payment giant VISA has significantly moved in the digital currency space by expanding its stablecoin settlement services to the Solana (SOL) blockchain. According
Read More
Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The Boston-based stablecoin issuer previously unveiled a plan to roll out USDC on six blockchain networks, including Polygon PoS. Users of Base, a Coinbase-incubated decentralized network, can now access native USDC and USDC liquidity on the layer-2
Read More
Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Tether, the world’s largest stablecoin, experienced its first market cap dip in nine months. The decline comes as the stablecoin ecosystem undergoes significant changes, reshaping crypto market dynamics. Stablecoins dip Tether (USDT), a highly controversial digital asset in
Read More
Still, even though TRYB looks to have gathered traction in Turkey, USDT remains dominant. In the past 24 hours, the USDT/TRY pair listed on the largest Turkey-based crypto exchange, BtcTurk, has seen a trading volume of $12.3 million, accounting for 18% of the total activity on the exchange. Meanwhile, the
Read More
Binance will delist BUSD as a loanable asset on September 6 and will suspend withdrawals of Binance-pegged BUSD tokens via BNB Chain, Avalanche, Polygon, and Tron on September 7. Renowned crypto exchange Binance has officially announced its decision to discontinue support for its native stablecoin, Binance USD (BUSD), by February 2024. Paxos’
Read More
Crypto exchange Binance has encouraged users to start converting their Binance USD (BUSD) stablecoin holdings into other available assets, including a newly listed stablecoin, amid plans to wind down support for BUSD. In an Aug. 31 statement from Binance, the crypto exchange confirmed prior speculation that it will gradually stop support
Read More
Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The race for stablecoin supremacy heats up as industry experts debate Tether’s role and new players like PayPal enter the arena. Bloomberg Intelligence expert Jamie Coutts pointed to Ethereum’s (ETH) growing dominance, highlighted by key network adoption
Read More
Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Republican Representatives claim the Federal Reserve is undermining Congress’s efforts to regulate stablecoins, potentially deterring banks from entering the digital asset space. Three Republican lawmakers—Representatives French Hill, Bill Huizenga, and Patrick T. McHenry—have written to Federal
Read More
Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Num Finance launches nCOP, a Colombian Peso-pegged stablecoin on Polygon, offering users an 8% yield and promising a fresh take on remittances in Latin America. Num Finance, a Latin America-based stablecoins issuer, has introduced its latest stablecoin,
Read More
A separate 2021 wallet bungle by the crypto custodian, taken into receivership in July, cost it $76 million, the CEO said in a court filing. Source
Read More