Tag: Stablecoin

Africaโ€™s De-Dollarization Push Meets Reality: Dollar Resilience, Stablecoin Rise Shape Future

Global interest in de-dollarization has grown, but tangible progress remains limited due to political and strategic constraints. VALR co-founder Badi Sudhakaran argues that USD-based stablecoins may prove more effective than the AU initiative known as PAPSS for cross-border payments. Dollarโ€™s Enduring Appeal Challenges De-Dollarization Efforts In recent years, the discourse surrounding de-dollarization has intensified, capturing [โ€ฆ] Source CryptoX Portal

Bitcoin Trades Above $117K as Whale Deposits Decline and Stablecoin Inflows Rise

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Bitcoin continues to maintain upward momentum despite a recent pullback from its all-time high. Currently trading at $117,847, the asset has recorded nearly a 10% gain over the past week. The dip from peak levels, approximately a 4.1% decline, has not dampened broader investor sentiment, with several on-chain indicators suggesting renewed buying interest and reduced selling pressure. Bitcoin Whale Withdrawals Decline, While Stablecoins Flow In In a recent analysis posted to CryptoQuantโ€™s QuickTake platform, analyst Amr Taha shared insights pointing to a strategic change in behavior among key Bitcoin holders…

PayPalโ€™s PYUSD Stablecoin Launches on Arbitrum Network with $100K Weekly Limits

Key Notes PYUSD becomes available on Arbitrum with $100,000 weekly purchase limits and $25,000 weekly send restrictions. Arbitrum’s token price surged over 10% following the integration announcement across social media platforms. The L2 expansion supports PayPal’s 2025 strategy to integrate PYUSD with 20 million small businesses globally. A July 15 update to PayPalโ€™s cryptocurrency terms and conditions shows that PYUSD is now supported on the Arbitrum network alongside its previous availability on the Ethereum and Solana blockchain networks. The update indicates that transfers will be lower-end capped to a minimum…

JPMorgan, Citi Weigh Stablecoin Entry as TradFi Interest Rises

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JPMorgan Chase, the largest bank in the United States with $3.6 trillion in assets, has plans to โ€œto be involved in [โ€ฆ] stablecoins,โ€ CEO Jamie Dimon said on Tuesday during an earnings conference call. According to Dimon, JPMorganโ€™s move into the stablecoin space is partly driven by competition from fintech companies, which are increasingly trying to replicate features of the traditional financial system. โ€œWeโ€™re going to be involved in both JPMorgan deposit coin and stablecoins to understand it, to be good at it,โ€ Dimon said. โ€œI think theyโ€™re real, but…

I Got Paid 5 Bitcoins for Writing in 2011!

โ–ถ Coinbase Website: Coinbase.com โ–ถ CEX Website: cex.io “Ready for the wild story of Vitalik Buterin? Back in 2011, this 17-year-old was flat broke, scribbling articles for a blog to earn 5 Bitcoin a popโ€”barely $4 back then! No fancy PC for mining, no cash to buy crypto, just a kid diving into Bitcoin forums and writing to get by. That spark of curiosity? It led him to co-found Bitcoin Magazine and, later, build Ethereum, changing the crypto game forever. Check out how a teenโ€™s side hustle became a billion-dollar…

Core introduces first Revenue-Sharing Model for Devs, Stablecoin Issuers

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The Core Foundation, the organization behind the Core blockchain, is launching a new revenue-sharing mechanism for the Web3 industry intended to shake up how stablecoin issuers and developers raise funds. Rev+ claims to be the first protocol-level program that directly rewards developers, stablecoin issuers and decentralized autonomous organizations (DAOs) based on their created user value. Once launched, it will allow projects to earn revenue from user-generated gas fees on their blockchain applications. It could provide a sustainable revenue stream for developers, who were previously forced to launch cryptocurrencies to raise…

Ripple Labs Mulls RLUSD Stablecoin Expansion to Europe

Key Notes Ripple has decided to push its USD-pegged stablecoin RLUSD into the European market. The firm initially expanded into Europe by establishing Ripple Payments Europe SA in Luxembourg. Ripple has officially applied for a US national banking license with the Office of the Comptroller of the Currency. San Francisco-based blockchain payments firm Ripple Labs Inc has decided to push its USD-pegged stablecoin RLUSD into the European market. It is focused explicitly on entering the region through Luxembourg under the almost seven-month-old Market in Crypto Assets (MiCA) regulation. This move…

๐ŸšจHISTORIC! SENATE PASSES STABLECOIN LEGISLATION BILL! JPMORGAN LAUNCHES TOKEN ON COINBASE’S BASE!

โ–ถ Coinbase Website: Coinbase.com โ–ถ CEX Website: cex.io Crypto News: Senate passes the stablecoin legislation bill the GENIUS Act. JPMorgan launches a deposit token on Base, Coinbase’s Ethereum Layer 2. Show Sponsor – ๐Ÿ” Safely Store your Crypto with Trezor Hardware Wallets – 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 volatile. Your capital is at risk. ๐Ÿ  Propy (PRO) is a blockchain-based real estate marketplace and decentralized title registry that leverages…

US Crypto Week kicks off with ‘Dictator’ stablecoin amendment on the table

The House of Representatives is set to vote on three crypto-related pieces of legislation before Congress goes on recess. The US House of Representatives is scheduled to consider amendments to three crypto-related bills this week addressing central bank digital currencies (CBDCs), digital asset market structure and payment stablecoins. On Monday, the Republican-led House Committee on Rules will meet to discuss the Anti-CBDC Surveillance State Act, the Digital Asset Market Clarity (CLARITY) Act and the Guiding and Establishing National Innovation for US Stablecoins Act,…

OKX Joins Global Dollar Network to Support Paxosโ€™ USDG Stablecoin

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Crypto exchange OKX has joined the Global Dollar Network, a consortium promoting Paxosโ€™ relatively smaller USDG stablecoin, in a move the exchange says could help accelerate adoption of a regulated US dollar-backed stablecoin.ย  By joining the network, OKXโ€™s 60 million global users will gain access to Global Dollar (USDG) for trading and transfers, the company announced Monday.ย  OKX already supports several major stablecoins, including market leaders Tether (USDT) and USDC (USDC). Adding USDG โ€” a newer, smaller entrant โ€” could broaden access to regulated digital dollars through a project designed…