Tag: Stablecoin

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, Lémanique,…

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 StableFlow—a low-fee stablecoin bridge, offering efficient and low-slippage swaps across nine blockchain networks—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. BVNK’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…

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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 mid–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 Jupiter’s lending pools and a trading pair. According to Jupiter, the stablecoin will be 100% collateralized by Ethena Labs’ 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…

Ethena Labs, Jupiter Partner to Launch JupUSD Stablecoin on Solana

Key Notes The collaboration aims to strengthen Jupiter’s product ecosystem while reducing cross-blockchain friction for users. Ethena’s USDe has reached nearly $15 billion in market cap, representing five percent of the total stablecoin market. Industry executives predict substantial stablecoin market expansion driven by favorable regulatory developments and institutional interest. Ethena Labs, a decentralized protocol, and Jupiter, a decentralized exchange (DEX) aggregator built on the Solana blockchain, announced the upcoming launch of JupUSD, a Solana-native stablecoin backed by USDtb. JupUSD is currently under development and is slated to launch towards the…

Solana Sees Explosive Stablecoin Growth – Here’s How Much Supply Is Held In The Blockchain

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure The leading Solana blockchain is experiencing a notable uptick in on-chain activity alongside its remarkable increase in price to the $234 mark in the past few weeks. In the midst of the ongoing spike in on-chain activity, a massive supply of stablecoins has been observed on the blockchain. Rapid Stablecoin Expansion on The Solana Blockchain Solana is on a rapid tear once again, which appears to have ignited bullish action in several areas of the leading blockchain.…

Fasset Becomes First Stablecoin Islamic Bank in Malaysia

Key Notes Malaysia grants Fasset approval to offer full-service digital banking within a regulated Islamic fintech sandbox. Fasset is now the world’s first stablecoin-powered Islamic digital bank. The platform plans to expand its products and services in the coming months. . Global crypto investment platform, Fasset, has received approval from Malaysia to launch full-service digital banking services within a regulated Islamic fintech sandbox. The approval makes Fasset the world’s first stablecoin-powered Islamic digital bank. Fasset currently serves over 500,000 users across 125 countries, aiming to close the long-standing gap in…