Tag: Stablecoin

ITS NOT OVER! CRYPTO WILL HAVE A MASSIVE RUN UP!

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Crypto News: Jim Cramer calls for the end of the crypto bull run. US lawmakers urge SEC to act on Trump’s crypto 401K retirement plan. PayPal Ventures Invests in Stable to Expand PYUSD stablecoin reach. Show Sponsor – ✅ VeChain is a versatile enterprise-grade L1 smart contract platform 💡Get the (Re)Thinking Crypto Book on Amazon – 🖥️ Learn Crypto with Expert Commentary – Sponsors: 🌟Uphold – Signup with Uphold. Terms Apply. Cryptoassets are highly volatile. Your capital is at risk. 🏠 Propy…

How Tether Plans To Dominate The US Stablecoin Market

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Tether, the powerhouse behind the world’s largest stablecoin by trading volume, USDT, has unveiled a strategic plan to expand its presence in the US market, a landscape that has evolved significantly under the Trump administration.  With the recent enactment of the GENIUS Act, which establishes a new regulatory framework for stablecoins and cryptocurrency firms issuing dollar-pegged cryptocurrencies, Tether is eager to capitalize on these developments. Tether’s US Market Comeback In a recent interview with Bloomberg, Tether’s CEO, Paolo Ardoino, reaffirmed the firm’s plans to launch a new token, USAT, designed…

Aleo Network Foundation Launches Privacy-Focused USAD Stablecoin With Paxos Labs

Key Notes The partnership introduces the first layer-1 stablecoin offering complete transaction encryption and user data protection. Paxos Labs will handle issuance and reserve management while leveraging regulated USDG backing for the new digital asset. Launch coincides with growing stablecoin adoption as major firms like Brex and Visa expand their crypto payment services. The Aleo Network Foundation has partnered with Paxos Labs to launch a US dollar-pegged stablecoin featuring end-to-end encryption and built-in privacy features. Paxos Labs will provide issuance and manage reserves for the new stablecoin, which will be…

Ripple’s RLUSD Stablecoin Soars in Volume, Back in Top 100

Key Notes RLUSD’s trading volume is up, with a 75% increase over the past 24 hours. The coin is currently the 92nd largest cryptocurrency in terms of market capitalization. Bybit listed RLUSD recently amid a growing push toward tokenization. RLUSD, the stablecoin launched by blockchain payments firm Ripple Labs Inc., has recorded a significant increase in its 24-hour trading volume. According to CoinMarketCap, this metric climbed by about 75% and with a market capitalization of $789.54 million, positioned RLUSD among the top 100 cryptocurrencies. RLUSD Records Multiple Milestones Ripple’s RLUSD…

Donald Trump Jr. Supports USD1 Stablecoin Launch on Aptos

Key Notes World Liberty Financial, co-founded by Donald Trump Jr., will launch its USD1 stablecoin on the Aptos network. The integration will receive support from major wallets, exchanges, and DeFi protocols on the network. Aptos highlights its speed and low fees as key factors for the partnership, expanding its $1 billion stablecoin ecosystem. World Liberty Financial, the crypto project co-founded by Donald Trump Jr., is expanding its reach by launching its USD1 stablecoin on the Aptos APT $4.58 24h volatility: 8.9% Market cap: $3.22 B Vol. 24h: $795.22 M blockchain.…

Aptos Partners With Trump’s WLFI To Deploy USD1 Stablecoin

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Layer-1 blockchain Aptos has announced a collaboration with the Trump family’s World Liberty Financial to deploy USD1 stablecoins. Aptos CEO Avery Ching said that they have been in conversation with the Trump-linked DeFi project for a while and “they view us as some of the best tech partners they could work with.” Speaking to Cointelegraph at the TOKEN 2049 conference in Singapore this week, Ching said that WLFI is working on products for retail, banking and other things for the future. The first step is to get a stablecoin where…

Phantom Wallet Launches CASH, Adds Fuel to Stablecoin Wars on Solana

Key Notes Phantom’s new payment superapp uses Bridge-issued CASH stablecoin with upcoming Stripe integration for merchant payments. Industry experts predict increased competition will shift power dynamics away from issuers toward end users benefiting consumers. The stablecoin market approaches record $300B valuation amid launches from Plasma, Cloudflare, and payment integrations by Visa. Phantom, a leading crypto wallet native to Solana SOL $206.8 24h volatility: 1.3% Market cap: $112.36 B Vol. 24h: $6.76 B , has announced the launch of Phantom Cash, a superapp for cryptocurrency payments built on Solana and powered…

Brex Announces Stablecoin Payment Integration for Business Accounts

Key Notes Customers can accept stablecoins with automatic conversion to USD and pay card balances directly with digital assets. Integration begins with Circle’s USDC, with additional stablecoins launching in upcoming months for broader accessibility. Brex reports $700M annualized revenue with 50% growth trajectory and aims for public listing after reaching profitability. Financial services firm Brex has announced that it will integrate native stablecoin payments throughout its products and services. Under the new program, customers with a Brex business account can accept stablecoins with automatic conversion into USD in their Brex…

Visa Launches Stablecoin Payments for Cross-Border Use

Key Notes On September 30, Visa stated that it would now allow businesses to use stablecoins instead of pre-depositing cash in local accounts. The prefunding pilot for the initiative will be rolled out soon through Visa Direct. In the past, Visa has shown massive support for stablecoins and broader digital innovations. Global payments company Visa Inc. has kick-started a process that would allow it to utilize stablecoins for cross-border remittances. It announced the new development on Sept. 30, citing that the prefunding pilot for the initiative will be rolled out…

Polkadot votes on a native algorithmic stablecoin

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A proposal for Polkadot to create its own native algorithmic stablecoin, exclusively backed by DOT token, is gaining strong early support. Co-founder and chief technology officer of Polkadot chain’s Acala, Bryan Chen, introduced a proposal on Sunday to develop a native stablecoin for the Polkadot network. The stablecoin would be algorithmic, exclusively backed by Polkadot (DOT) tokens, and would use the pUSD ticker. The proposed stablecoin would leverage the decentralized stablecoin and collateralized debt position protocol Honzon on the Acala network. The system is meant to reduce or replace dependence…