Stablecoin Issuer Lybra Finance Nears $100M in TVL
Lybra Finance was launched last month and uses liquid staking derivatives to offer an interesting-bearing stablecoin. Source
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Stablecoin
Stably USD stablecoin enters bitcoin’s on-chain economy
Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied To facilitate efficient trading within bitcoin’s (BTC) evolving on-chain economy, crypto startup Stably has introduced Stably USD, a new dollar-backed stablecoin. In a significant development for bitcoin‘s rapidly developing on-chain economy, a new dollar-backed stablecoin named Stably
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Stablecoin Issuer Stably Creates Dollar-Backed Token for Bitcoin Ordinals
The company’s first bitcoin-linked stablecoin will have to fare better than its other stablecoin products if it wants to succeed in the long term. Stably’s stablecoin in the ethereum ecosystem, called StableUSD (USDS) has only 752 holders and a market cap of $264,000, per etherscan – basically irrelevant when compared
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Euro Coin: Circle Launches Stablecoin on Avalanche Blockchain to Facilitate Fast & Efficient Payment Systems
USDC stablecoin issuer Circle recently launched Euro Coin on the Avalanche protocol to exploit the network’s blazing transaction speed. Circle has launched a euro-based stablecoin on the Avalanche blockchain to deliver prompt and efficient payments and financial services. The Euro Coin (EUROC) launch is the first of a series of anticipated multi-chain launches to aid developers
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Stablecoin Market Shrinks for 14th Straight Month, Posing Potential Headwinds for Crypto BTC Prices
“Stablecoins are the liquidity of the crypto ecosystem. The more liquidity, the more ability for investment and speculation,” Tom Dunleavy, macro analyst said in a note to CryptoX. “The continued reduction, despite the growing number of applications, says to me we are still not out of the woods for this
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Crypto Market Recovery Unlikely Until Stablecoin Universe Stops Shrinking: JPMorgan
Tether’s market cap has been growing at the expense of rival stablecoins such as USD Coin, the report said. Source
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Ripple launches CBDC and stablecoin issuance platform
Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Ripple, a leading crypto solutions company, has introduced the Ripple CBDC Platform, a comprehensive solution for central banks, governments, and financial institutions to issue their own central bank digital currencies (CBDCs) and manage the lifecycle of
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Stablecoin issuers have spent over $1.3M lobbying Congress since 2022
Stablecoin issuers including Tether, Circle, and others have spent well over a million dollars lobbying lawmakers on Capitol Hill since the start of 2022, according to recent data.Stablecoins have become the center of attention in Washington DC recently as pressure mounts to roll out a regulatory framework for dollar-pegged digital
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US House stablecoin hearing focuses on competing bills for regulation
State versus federal regulation was a key issue in the hearing on stablecoins in the United States House of Representatives on May 18. The House Committee on Financial Services’ new Subcommittee on Digital Assets, Financial Technology and Inclusion heard testimony from five experts as it considered two proposed bills to
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U.S. Hearing Highlights Stablecoin Rift in Competing House Bills
U.S. lawmakers aren’t yet able to reach across the chasm between Republicans and Democrats’ very different ideas for how to oversee stablecoins, despite notes of hope from both sides evident in a Thursday hearing of the House Financial Services Committee’s digital assets panel. Original Source
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