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stablecoin

MakerDAO Considers Abandoning Sky Brand Amid Performance Discontent

The MakerDAO community is set to discuss the possibility of dropping the Sky brand due to its poor performance compared to the CoinDesk 20 index since the rebranding.

Business

Stripe Completes $1.1B Purchase of Stablecoin Company Bridge

Payments giant Stripe is acquiring the stablecoin platform Bridge to enhance its cryptocurrency capabilities, marking a significant move in the blockchain space.

Crypto

The Potential Impact of a $172 Billion Stablecoin Market on Cryptocurrency Prices

Analysts suggest that the substantial stablecoin market could influence crypto pricing as it nears historic highs.

Blockchain

Ripple Unveils Partners for Stablecoin RLUSD, Awaits Regulatory Green Light in New York

Ripple has selected market makers and exchange partners for its upcoming stablecoin, RLUSD, which is waiting for approval from the New York Department of Financial Services.

Crypto

South Korea Launches Its First Won-Backed Stablecoin via Circle's Arc

BDACS collaborates with Circle to introduce KRW1, a new stablecoin aimed at enhancing Korea's position in the global crypto landscape.

Crypto

Ethena's Synthetic USDe Sees Significant Supply Decline Amidst Growth of Dollar-Backed Stablecoins

Ethena's stablecoin, USDe, has experienced a notable drop in its supply while fiat-backed stablecoins enjoy growth in their market capitalizations.

Crypto News

Key Events in the Crypto World Today

A summary of major happenings in the cryptocurrency sector, including Ondo Finance's stance on tokenized securities and Japan's planned stablecoin initiative.

News

Revisions in Crypto Regulations as Basel Committee Responds to Stablecoin Growth

The Basel Committee is set to update its guidance for banks on cryptocurrency exposure amidst rising stablecoin usage.

Finance

South Korea's Decisive Push for Stablecoin Regulations Ahead of Deadline

Legislators in South Korea are urging financial authorities to finalize a stablecoin regulatory draft by December 10, threatening independent legislation if unmet.

Crypto

Canada Considers New Stablecoin Regulations in Upcoming Federal Budget

The Canadian government is preparing to introduce rules for stablecoins in its next budget, potentially following the example set by the U.S.

News

Coinbase Shares Soar Following JPMorgan's Positive Outlook on Base and USDC

JPMorgan's upgrade for Coinbase highlights growth potential linked to its Base network and USDC strategy, propelling the stock upward significantly.

Finance

Mastercard Negotiates to Acquire Zerohash for Close to $2 Billion

This acquisition would signify a significant investment from Mastercard in the crypto domain, aiming to enhance its infrastructure for stablecoins and tokenization.

News

Citi to Explore Stablecoin Payments in Collaboration with Coinbase

Citi announces a partnership with Coinbase to trial stablecoin payments, signaling a shift towards digital currencies and predicting a $4 trillion market by 2030.

Finance

Ripple’s RLUSD Surges Into Top 10 USD Stablecoins Within a Year of Launch

Ripple's RLUSD hits $1 billion market cap quickly after its December launch, marking a significant milestone.

Crypto

Kyrgyzstan Unveils New Stablecoin and Plans for CBDC Development

Kyrgyzstan has introduced a stablecoin while signaling the intention to launch a central bank digital currency and establish a national cryptocurrency reserve.

Ecosystem

Senator Chris Murphy Questions Binance.US Launch After Trump’s Pardon of CZ

Connecticut Senator Chris Murphy raises concerns over Binance.US's trading of the USD1 stablecoin shortly after President Trump's pardon of former CEO Changpeng Zhao.

Crypto

Tether Anticipates Another Record Year of Profitability

Tether forecasts a profit of $15 billion for 2025, strengthening its position in the stablecoin sector as digital dollar adoption rises.

News

Western Union Seeks Trademark for Crypto Wallet and Trading Services

Western Union is moving towards the cryptocurrency space with its latest trademark application for 'WUUSD,' indicating potential future offerings in crypto wallets, trading, and more.