Tag: Stablecoin

Rippleโ€™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 Rippleโ€™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 Trumpโ€™s WLFI To Deploy USD1 Stablecoin

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Layer-1 blockchain Aptos has announced a collaboration with the Trump familyโ€™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 โ€œthey view us as some of the best tech partners they could work with.โ€ 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 chainโ€™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…

๐ŸšจBIG CRYPTO NEWS! FLARE FXRP LIVE! ELIZABETH WARREN ATTACKS!

โ–ถ Coinbase Website: Coinbase.com โ–ถ CEX Website: cex.io Crypto News: FXRP on Flare goes live enabling DeFi for XRP. Senate Finance Committee announced a hearing next week on Crypto taxes. Coinbase, Sony and Samsung back stablecoin startup Bastion. Elizabeth Warren is going after Trumps World Liberty Financial. Show Sponsor – ๐ŸŒŸUphold – Signup with Uphold. Terms Apply. Cryptoassets are highly volatile. Your capital is at risk. ๐Ÿ’กGet the (Re)Thinking Crypto Book on Amazon – ๐Ÿ–ฅ๏ธ Learn Crypto with Expert Commentary – Sponsors: ๐Ÿ  Propy (PRO) is a blockchain-based real estate…

๐ŸšจHUGE ALTCOIN NEWS! XRP, SOLANA, ETHEREUM, & HBAR!

โ–ถ Coinbase Website: Coinbase.com โ–ถ CEX Website: cex.io Crypto News: Blackrock buys more Bitcoin putting their holdings at 750K BTC. Ethereum and Solana treasury companies buy record amounts of the assets. CME reports XRP futures breaks record and Ripple is expanding RLUSD to Africa. Show Sponsor – ๐Ÿฆ Learn about iTrustCapitalโ€™s powerful Premium Custody Account (PCA) and tax-advantaged Crypto IRA platforms Promo Code: THINK7 ๐Ÿ’กGet the (Re)Thinking Crypto Book on Amazon – ๐Ÿ–ฅ๏ธ Learn Crypto with Expert Commentary – Sponsors: ๐ŸŒŸUphold – Signup with Uphold. Terms Apply. Cryptoassets are highly…

Stablecoin boom risks โ€˜cryptoizationโ€™ in emerging markets

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As stablecoin and cryptocurrency adoption accelerate worldwide, emerging markets face mounting risks to monetary sovereignty and financial stability, according to a new report from Moodyโ€™s Ratings.ย  The credit rating service warned that widespread use of stablecoins โ€” tokens pegged 1:1 with another asset, usually a fiat currency like the US dollar โ€” could weaken central banksโ€™ control over interest rates and exchange rate stability, a trend called โ€œcryptoization.โ€ย  Banks could also โ€œface deposit erosion if individuals shift savings from domestic bank deposits into stablecoins or crypto wallets,โ€ the report said.ย …