Showing articles in stablecoin

Justin Sun Launches USDD 2.0 With Attractive Yield: Key Insights

Justin Sun, co-founder of Tron, unveils an updated algorithmic stablecoin, USDD 2.0, promising a 20% yield amidst market caution.

Business

Huione Unveils Its Own Stablecoin Amid Allegations

The Huione marketplace has launched its stablecoin, distancing itself from traditional transaction methods and regulatory scrutiny.

Blockchain

Controversy Erupts for Usual Protocol Following Redemption Mechanism Revision

A sudden update to the Usual Protocol's token redemption process sparked significant backlash among investors, leading to a drastic sell-off.

Policy

Last-Ditch Effort for Stablecoin Regulation by Consumer Watchdog

The Consumer Financial Protection Bureau has introduced new regulations affecting stablecoin issuers just before a change in administration.

Blockchain

Ripple Seeks to Enhance RLUSD Stablecoin's Utility with Chainlink Integration

Ripple has teamed up with Chainlink to improve the functionality of its RLUSD stablecoin within decentralized finance applications.

Finance

Yat Siu of Animoca Brands Predicts 2025 as a Milestone for Crypto Adoption

Yat Siu asserts that 2025 will see crypto become as essential for businesses as the internet was in the 1990s, amidst rising trends like stablecoins and memecoins.

Investment

Avalon Labs Secures $10 Million in Series A Funding for Bitcoin-Backed Stablecoin Development

Avalon Labs has successfully raised $10 million to enhance its Bitcoin decentralized finance ecosystem, aiming to transform BTC into a versatile financial tool.

Crypto

BVNK Secures $50 Million for U.S. Expansion of Stablecoin Services

BVNK, a stablecoin infrastructure company, has raised $50 million in its latest funding round led by Haun Ventures to expand operations in the United States.

Crypto

Ripple's RLUSD Stablecoin Gains Significant Interest Before Launch

The new RLUSD stablecoin by Ripple is sparking a wave of bids on on-chain marketplaces just days before its official release.

Crypto

Ripple Set to Launch RLUSD Stablecoin on December 17 with Notable Advisory Additions

Ripple prepares to introduce its highly anticipated U.S. dollar stablecoin RLUSD, expanding its advisory board with seasoned former central bankers.

Blockchain

Ethena Unveils Stablecoin Fueled by BlackRock's BUIDL Token

Ethena introduces a new stablecoin, USDtb, backed by BlackRock's tokenized money market fund, aiming to stabilize its flagship token amid market volatility.

Crypto

Polygon DAO Explores Stablecoin Deployment Worth $1.3B for Annual Yield Generation

Polygon DAO's community considers leveraging idle stablecoin reserves to achieve a conservative annual return of 7% through effective management strategies.

Startups

Perena's Ambitious Venture to Innovate Stablecoin Trading on Solana

Perena aims to provide a neutral platform for liquidity in the stablecoin market.

Business

Binance Teams Up with Circle to Enhance Global USDC Usage

A significant collaboration between Binance and Circle aims to expand the adoption of the USDC stablecoin worldwide.

Regulation

Circle Announces USDC as Canada's First Regulated Stablecoin

Circle has become the first stablecoin issuer in Canada to comply with new regulations, allowing its USDC to remain on exchanges amid tightening rules.

Crypto

Solana Traders Flock to New Stablecoin USDS by Sky

Sky's recent stablecoin, USDS, rapidly gains traction on the Solana network, outpacing competitors in its early adoption.

Regulations

Paxos to Acquire Membrane Finance in Finland for EU Market Access

Paxos has announced its acquisition of Membrane Finance, aiming to strengthen its presence in the European Union market.

Crypto

SocGen's Crypto Division Set to Launch Euro Stablecoin on XRP Ledger

Societe Generale's digital assets arm plans to deploy the EUR CoinVertible on the XRP Ledger, expanding its multichain strategy and catering to institutional clients.