Tokenized Gold Achieves $1.4 Billion Market Valuation as Trading Activity Peaks in March
The market for gold-backed tokens surged to a record $1.4 billion, with Tether's XAUT and Paxos' PAXG leading the way, as detailed in CoinDesk's report.
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The market for gold-backed tokens surged to a record $1.4 billion, with Tether's XAUT and Paxos' PAXG leading the way, as detailed in CoinDesk's report.
The Intercontinental Exchange is set to investigate potential uses of Circle's USDC stablecoin and USYC tokenized money market fund in various financial operations.
The WYST stablecoin aims to revolutionize cryptocurrency use in Wyoming, offering a fiat-backed digital currency designed for economic growth.
The state of Wyoming is set to introduce a stablecoin, which could be the first fiat-backed token issued by a public entity in the United States, aiming for a July launch.
Donald Trump Jr. appeared via video at a Washington event to support World Liberty Financial's promotion of its new stablecoin amid legislative discussions on cryptocurrency regulation.
Rep. Bryan Steil indicated that the House is preparing to introduce a stablecoin regulation bill, aiming to align with the Senate's progress on similar legislation.
Plasma's blockchain aims to facilitate high-frequency global stablecoin transactions through an innovative consensus mechanism.
World Liberty Financial, linked to President Trump, reveals plans for a U.S. dollar-backed stablecoin called USD1, set to launch soon with BitGo as its custodian.
The World Liberty Financial USD token is under scrutiny as it was deployed on Ethereum and BNB Chain earlier this month, with interactions from notable addresses.
Bakkt has appointed Akshay Naheta as co-CEO and announced a partnership with his startup, aiming to enhance their stablecoin payment capabilities.
Tether has significantly increased its holdings by purchasing $33 billion in U.S. Treasuries, positioning itself as the seventh largest buyer globally and emphasizing a shift towards stability and regulatory compliance.
The U.S. Senate Banking Committee has made a significant advancement in the legislation concerning stablecoins, passing the bill with a vote of 18-6.
The investment will enhance adoption of synthetic dollars in decentralized finance.
The Senate Banking Committee is gearing up to vote on the GENIUS Act, which incorporates significant updates regarding stablecoins.
The newest draft of stablecoin legislation proposes a redistribution of control between state and federal regulators, enhancing transparency and enforcement standards.
Circle has gained regulatory approval to offer USDC, the global dollar stablecoin, in Japan and the UAE, marking significant advancements in cryptocurrency regulations.
Tether's CEO, Paolo Ardoino, accuses competing firms of attempting to undermine Tether's market position as the U.S. Congress reviews impending stablecoin regulations.
PayPal is expanding its stablecoin to support global payments, significantly aiding small-to-medium merchants in their transactions.
As stablecoins reach a market cap of over $233 billion, discussions arise on whether Elon Musk's X should develop a stablecoin that offers benefits to its users.
Ethena has raised $100 million to develop the USDe stablecoin, now valued at around $6 billion, becoming the third largest in the market.
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