Tag: Stablecoin

Bitcoin climbs to near-record high, gaining 12% in past week: CNBC Crypto World

โ–ถ Coinbase Website: Coinbase.com โ–ถ CEX Website: cex.io On today’s epsiode of CNBC Crypto World, major cryptocurrencies end the week in the green with bitcoin inching closer to its record. Plus, George Kikvadze, executive vice chairman of Bitfury, explains the evolution of bitcoin over the past decade. And, we explore how stablecoins are making major strides in mainstream adoption. Chapters: 00:00 – CNBC Crypto World, Oct 3, 2025 0:28 – Bitcoin climbs 1:37 – George Kikvadze of Bitfury 9:16 – Stablecoin adoption For access to live and exclusive video from…

Stablecoin Limits in UK Set to Be Temporary Says BoE Deputy

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Bank of England Deputy Governor Sarah Breeden has clarified that the central bankโ€™s plan to restrict stablecoin holdings and transaction size will only be a temporary measure to ensure stability in the financial system. The proposed limits on stablecoins were first floated in a November 2023 discussion paper as a means to ensure financial stability. As plans progressed, industry groups lashed out in September, arguing that they would stifle innovation and limit growth.ย  However, in a speech at DC Fintech Week on Wednesday, Breeden said the limits were intended only…

Brazilโ€™s BRLV Stablecoin Opens Access to High Bond Yields

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Crown, a Sรฃo Paulo-based fintech company, has raised $8.1 million to launch a Brazilian realโ€“denominated stablecoin designed to give institutional investors access to Brazilโ€™s high-yield fixed-income market.ย  The new stablecoin, called BRLV, could make it easier for global investors to tap the countryโ€™s double-digit interest rates, which are often difficult to reach due to local regulations and capital controls. BRLV is fully backed by Brazilian government bonds, which offer yields far higher than those in more mature economies.ย  According to TradingEconomics, the 10-year Brazilian government bond yield is about 14%,…

ETH Under $4K Despite Stablecoin Surge, Bhutan Support

Key Notes ETH ETFs recorded $429 million in third-day outflows as ETH went below $4K. Weekly stablecoin senders surpassed one million for the first time. Bhutan became the first nation to anchor its national digital ID system on ETH. Ethereum ETH $3 940 24h volatility: 5.3% Market cap: $476.23 B Vol. 24h: $54.81 B spot ETFs have recorded their third straight day of outflows, totaling $429 million on Oct. 13. Bitcoin BTC $110 692 24h volatility: 3.7% Market cap: $2.21 T Vol. 24h: $73.93 B spot ETFs also saw $327…

Rhuna Raises $2M To Expand Stablecoin Payments Infrastructure

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As the stablecoin sector sees global momentum grow, white label event management infrastructure provider Rhuna has raised $2 million in seed funding to expand stablecoin payments in the entertainment industry. Related Reading Rhuna Raises $2 Million In Seed Round On Thursday, Romania-based infrastructure platform Rhuna announced the completion of a $2 million seed round, led by Aptos Labs, to continue providing on-chain payments, access, identity, and rewards infrastructure for the entertainment industry. The seed round saw the participation of Acc Ventures, X Ventures, NewTribe Capital, Keyrock, CoinarketCap Labs, FunFair, Lรฉmanique,…

DapDap Launches StableFlow: Cross-Chain Stablecoin Bridge with 0.01% Fees

Key Notes The bridge enables efficient stablecoin transfers across Ethereum, Arbitrum, Polygon, BNB Chain, Optimism, Avalanche, Solana, Near, and Tron. Competitive solver networks power the platform to secure optimal rates for users through NEAR’s chain-abstraction technology. Initial support covers USDT with plans to integrate USDC, USD1, and USDH as additional stablecoin options. DapDap, a DeFi consumer app developer firm, launched StableFlowโ€”a low-fee stablecoin bridge, offering efficient and low-slippage swaps across nine blockchain networksโ€”powered by NEAR NEAR $2.86 24h volatility: 4.6% Market cap: $3.57 B Vol. 24h: $294.08 M Intents. The…

Citibank Backs Stablecoin Firm BVNK: Report

Key Notes Citi invests in stablecoin payments infrastructure firm, BVNK. The deal reflects growing US bank interest in stablecoins following clearer regulations. BVNKโ€™s valuation has surpassed $750 million from its last funding round. Citi, the third-largest bank in the United States, has made a strategic investment in BVNK, a London-based stablecoin infrastructure firm backed by Coinbase and Tiger Global. The move comes amid clearer regulations and rising demand for stablecoins among US banks. BVNK operates a payments platform that enables global transactions using stablecoins, allowing easy conversion between fiat and…

Why you donโ€™t need to worry about this bull market #crypto #altcoins #bitcoin

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Jupiter, Ethena Labs roll out new Solana-based stablecoin

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Jupiter, a decentralized trading platform on Solana, has announced plans to launch its stablecoin in partnership with Ethena Labs. The new token, called JupUSD, is scheduled to go live in midโ€“Q4 2025. According to an X post on Wednesday, JupUSD will be integrated across all Jupiter products, serving as collateral on its perpetual futures exchange, a liquidity asset in Jupiterโ€™s lending pools and a trading pair. According to Jupiter, the stablecoin will be 100% collateralized by Ethena Labsโ€™ USDtb, a dollar-pegged token backed by short-term US Treasury assets. Over time,…

North Dakota to Launch Roughrider Coin: First US State-Backed Stablecoin on Fiserv Platform

Key Notes The dollar-backed stablecoin will serve North Dakota banks and credit unions through Fiserv’s digital asset platform. Named after Theodore Roosevelt’s Rough Riders, it aims to enhance interbank transactions and global payments. Fiserv processes 90 billion transactions annually across 10,000 financial institutions, providing the blockchain infrastructure. Bank of North Dakota, in collaboration with financial technology giant Fiserv, has announced plans to launch Roughrider Coin, the first state-backed stablecoin in the US. According to official reports, Roughrider Coin will launch on the Fiserv digital asset platform, fully backed by US…