Tag: Stablecoin

Ripple’s RLUSD Ranked No. 1 Stablecoin by Bluechip With ‘A’ Rating

Ripple’s RLUSD rockets to the top as Bluechip’s highest-rated stablecoin, dominating for unmatched stability, elite governance, and rock-solid backing trusted by global institutions. Bluechip Ranks Ripple’s RLUSD No. 1 Stablecoin for Stability, Governance, and Asset Backing Ripple USD (RLUSD) has surged to the top of Bluechip’s stablecoin rankings, signaling renewed investor confidence in regulated digital […] Source CryptoX Portal

Charles Schwab to Launch Spot Bitcoin, Ethereum Trading and ‘Will Have a Stablecoin’

Key Notes The investment giant plans to offer direct spot Bitcoin and Ethereum trading, moving beyond current ETF-only access. Schwab’s CEO confirmed stablecoin development is under consideration as part of their digital asset expansion strategy. With 37 million active accounts and $10.76 trillion in assets, the firm’s crypto entry could disrupt established exchanges. Charles Schwab Corporation, a top US-based investment firm, signaled its intent to launch spot Bitcoin and Ethereum trading during a July 18 earnings call. The move to expand the company’s digital assets offerings, as first reported by…

The GENIUS Stablecoin Bill Prohibits Yield, ETH Stands to Benefit

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The US fresh stablecoin legislation could create more demand for Ether (ETH) and decentralized finance applications, which are primarily based on the Ethereum network, according to analysts. The GENIUS bill, signed into law by US President Donald Trump on Friday, bans yield-bearing stablecoins, cutting off interest-earning opportunities for institutions and retail traders. This type of stablecoin generates interest or returns for the holder through yield-generating mechanisms, like staking or lending. According to crypto analyst Nic Puckrin, the removal of yield on stablecoins “is great news for Ethereum-based DeFi as the…

Donald Trump Signs Stablecoin Bill Into Law

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US President Donald Trump signed one of the first bills related to crypto and blockchain of his administration into law on Friday after delays due to debates in the House of Representatives and Senate. In a Friday signing ceremony attended by many cryptocurrency company executives and high-ranking Republicans, including Vice President JD Vance and House Speaker Mike Johnson, Trump signed the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act into law. The president acknowledged the support of several crypto figures in attendance, including Kraken co-CEO David Ripley, Gemini…

Crypto Execs Center Stage As Trump Signs Stablecoin Bill Into Law

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US President Donald Trump signed one of the first bills related to crypto and blockchain of his administration into law on Friday after delays due to debates in the House of Representatives and Senate. In a Friday signing ceremony attended by many cryptocurrency company executives and high-ranking Republicans, including Vice President JD Vance and House Speaker Mike Johnson, Trump signed the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act into law. The president acknowledged the support of several crypto figures in attendance, including Kraken co-CEO David Ripley, Gemini…

Crypto Execs To Attend Stablecoin Bill Signing After Thursday Vote

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Update (July 18 at 5:08 pm UTC): This article has been updated to include more information on Circle’s attendance at the signing ceremony, scheduled for 6:30 pm UTC. Several high-profile figures in the crypto and blockchain industry have announced that they plan to be by US President Donald Trump’s side when he signs a stablecoin bill into law on Friday. After delays that looked like they could derail votes on the bills this week, members of the US House of Representatives passed three pieces of crypto legislation on Thursday: the…

Africa’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. Dollar’s Enduring Appeal Challenges De-Dollarization Efforts In recent years, the discourse surrounding de-dollarization has intensified, capturing […] 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 CryptoQuant’s QuickTake platform, analyst Amr Taha shared insights pointing to a strategic change in behavior among key Bitcoin holders…

PayPal’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 PayPal’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…