Tag: Stablecoin

5-Year Cardano Holder Loses $6M from Stablecoin Swap

boss

A five-year Cardano holder accidentally torched more than $6 million in ADA after using an illiquid trading pool to facilitate a stablecoin swap. The trade, first noted by blockchain sleuth ZachXBT on Sunday, saw 14.4 million Cardano (ADA) tokens worth $6.9 million swapped for 847,695 of the US dollar Anzens (USDA) stablecoin, resulting in a loss of approximately $6.05 million. Source: ZachXBT The Cardano user — with wallet address “addr…4×534” — appeared to make a test transaction of 4,437 ADA for a US dollar stablecoin with the ticker USD at…

Amboss and Voltage Partner to Bring Yield to Bitcoin and Stablecoin Payments

boss

Amboss Technologies and Lightning provider Voltage announced an enterprise integration that pairs Voltage’s Lightning Payments API with Amboss Rails to let businesses accept near‑instant, low‑cost bitcoin and stablecoin payments while earning yield on self‑custodied bitcoin. The stack uses Taproot Assets for in‑flight exchanges between bitcoin and stablecoins and automates liquidity management so treasuries can generate […] Original

Bullish Signal On Binance: BTC/ETH Outflows Counter Surging Stablecoin Inflows

boss

Exciting data from an on-chain analysis has recently surfaced, revealing accumulation patterns in Bitcoin and Ethereum on the Binance exchange that have historically preceded renewed bullish momentum. Binance Sees $1.77B BTC/ETH In Outflows As $1.58B In Stablecoins Enter In a QuickTake post on November 14, pseudonymous market analyst CryptoOnchain shares insights into the crypto market direction, based on Binance activity. This post revolves around the Binance 7-Day Asset Netflow By Network metric, which shows if more volumes of an asset on specific networks are being deposited into Binance (net inflow),…

Alibaba Mulls Deposit Token Amid China’s Stablecoin Pushback

boss

The cross-border e-commerce arm of Chinese tech behemoth Alibaba is working on a deposit token amid mainland China’s crackdown on stablecoins, according to CNBC. Alibaba president Kuo Zhang told CNBC in a Friday report that the tech giant plans to use stablecoin-like technology to streamline overseas transactions. The model under consideration is a deposit token, which is a blockchain-based instrument that represents a direct claim on commercial bank deposits and is treated as a regulated liability of the issuing bank. Traditional stablecoins, which these tokens closely resemble, are issued by…

Aave’s Push Service Gains MiCA Authorization for Stablecoin On-Ramps

boss

Aave Labs became one of the first major decentralized finance (DeFi) projects to secure authorization under Europe’s new Markets in Crypto-Assets (MiCA) regulation, allowing the company to offer regulated stablecoin ramps across the European Economic Area (EEA). The approval enables “Push,” Aave Labs’ fiat-to-crypto service, to let users convert between euros and crypto assets, including the Aave protocol’s native stablecoin, GHO. The Central Bank of Ireland granted the authorization to Push Virtual Assets Ireland Limited, a wholly-owned subsidiary of Aave Labs.  The company selected Ireland for its European operations, signaling…

FDIC Considering Tokenized Deposit Insurance, Stablecoin Applications

boss

The acting chair of the Federal Deposit Insurance Corporation (FDIC), the regulatory body overseeing banks in the US, is reportedly considering guidance for tokenized deposit insurance and plans to launch an application process for stablecoins by year’s end. Acting FDIC Chair Travis Hill, who has made bullish statements about tokenization in the past, told the Federal Reserve Bank of Philadelphia’s Fintech Conference on Thursday that the regulator will eventually release guidance around tokenized deposit insurance, according to reports. The FDIC protects depositors in the event of a bank failure and…

Banning Stablecoin Merchant Rewards Would Be Unamerican: Coinbase

boss

Crypto exchange Coinbase has slammed US banking groups for asking regulators to ban merchant rewards, cashbacks and discounts offered to customers who pay with stablecoins, calling the request “unamerican.” The clash relates to the statutory language of the GENIUS Act, which prohibits stablecoin issuers from offering interest or yield to holders of the token, but it does not explicitly extend the ban to crypto exchanges or affiliated businesses. The banking groups claim an “indirect interest” arises when a third-party financially benefits and has a connection to the stablecoin issuer. Coinbase…

MoonPay Launches Enterprise Stablecoin Suite with M0 Integration

boss

Crypto payments platform MoonPay has launched a new stablecoin suite that allows companies to issue and manage stablecoins across multiple blockchains, supported by an integration with M0. The collaboration offers enterprises a stack to launch and distribute their own stablecoins at scale, MoonPay said on Thursday. The rollout marks MoonPay’s expansion from a fiat-to-crypto on-ramp to a full-stack stablecoin infrastructure, covering issuance, ramps, swaps and payments. “By integrating with the M0 platform, MoonPay becomes a key provider of stablecoin infrastructure, spanning on/off ramps, payments, and now custom issuance,” said Luca…

Kyrgyzstan’s Gold-Backed Stablecoin Just Might Put the Spotlight on Best Wallet Token

boss

What to Know: USDKG changes the usual stablecoin model by backing a dollar peg with real gold from Kyrgyzstan’s reserves.  If gold and commodity stablecoins grow, users will want wallets that handle many stablecoins without turning their portfolio into a spreadsheet headache. Best Wallet Token ($BEST) gives real perks, like lower fees, early presale access, and smooth cross-chain swaps. Stablecoin liquidity drives the market, and wallet-layer tokens can collect lasting value from routing, discovery, and spending features. Think of them as the toll booths of the crypto highways.  Kyrgyzstan surprised…

Cash App Adds Lightning Payments and Stablecoin Support

Key Notes Bitcoin USD payments over Lightning Network launch later in November with Bitcoin Map for merchant discovery and local spending options. Stablecoin support will allow eligible customers to send and receive stablecoins with USD balance interoperability, subject to regulatory approval. Cash App Borrow expanded to 48 states with loans up to $500 requiring no credit checks, while Moneybot AI assistant enters pilot phase. Cash App announced Bitcoin BTC $102 404 24h volatility: 2.3% Market cap: $2.04 T Vol. 24h: $76.37 B USD payments over Lightning Network and stablecoin support…