Tag: Stablecoin

Sui rallies past $1.75B TVL as bitcoin and stablecoin flows spike

boss

Sui is rapidly climbing the DeFi ranks, now boasting over $1.75 billion in TVL with growing stablecoin liquidity and rising adoption. Since its launch, the layer 1 blockchain Sui has been on a strong upward trajectory, making waves in the decentralized finance space. Once a newcomer, the move language-powered network has solidified its place as a serious contender, recording explosive growth across the ecosystem. According to DeFiLlama data, Sui has surged to over $1.75 billion in total value locked (TVL), edging closer to its $2 billion peak from earlier in…

Report: Tether’s USDT Dominates Stablecoin Payment Market, Tron Most-Used Chain

Stablecoins have quietly exploded into a multi-billion-dollar payments juggernaut, with several businesses leading the charge – and Tether dominating the field. Artemis, Castle Island, Dragonfly Study: Stablecoin Monitoring Shows Several Unique Trends Stablecoin payments totaled $94.2 billion from January 2023 through February 2025, according to a new industry study. The research, conducted by analytics firm […] Source CryptoX Portal

Ripple’s Stablecoin Gets Dubai’s Nod: What This Means for Crypto

Key Notes Dubai Financial Services Authority recognizes RLUSD as a crypto token. RLUSD will be used in a special business area in Dubai. Stablecoins are now worth over $250 billion. The Dubai Financial Services Authority (DFSA) has officially recognized Ripple USD (RLUSD), Ripple’s enterprise-grade stablecoin, as a legitimate crypto token. According to a press release published on Zawya, RLUSD can be used within the Dubai International Financial Centre (DIFC) as a payment tool. The DIFC is like a “finance city” within Dubai, adhering to global standards to attract businesses from…

Tether expands Gold token reach with omnichain stablecoin

boss

Tether announced a partnership with the TON Foundation to debut an omnichain version of its gold stablecoin XAUt (XAUT) on The Open Network (TON), in an effort to expand the token across ecosystems. The new token, “XAUt0,” was built on LayerZero’s Omnichain Fungible Token standard, which allows tokens to be transferred through blockchains without wrapping or middlechains. XAUt, the token’s non-omnichain version, is the largest gold stablecoin by market capitalization, with over $832 million, according to CoinGecko. It is closely followed by Paxos’s Pax Gold (PAXG), which holds a market…

Santander Targets Crypto Payment Flows With Stablecoin Strategy

Santander is reportedly charging into the crypto frontier with plans for a MiCA-fueled stablecoin and retail crypto access to dominate Europe’s digital finance evolution. Santander Positions for Crypto Breakout With MiCA-Driven Stablecoin Plan Banco Santander SA is reportedly in the preliminary stages of evaluating a broader entry into digital assets, with a specific focus on […] Source CryptoX Portal

Bitcoin climbs to highest level since late February: CNBC Crypto World

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io On today’s episode of CNBC Crypto World, major cryptocurrencies and broader markets climb following positive Big-Tech earnings. Plus, Robinhood’s Q1 earnings report reveals crypto revenue increased 100% compared to the prior year. And, Alisia Painter, co-founder of bitcoin-based blockchain Botanix Labs, discusses the cryptocurrency’s performance and what can be expected in May. Chapters: 00:00 – CNBC Crypto World, May 1, 2025 0:22 – Bitcoin climbs 0:44 – The headlines 3:07 – Alisia Painter of Botanix Labs For access to live and exclusive…

$250B in Sight: Stablecoin Market Nears Milestone Within Striking Distance

According to current data, the stablecoin market expanded by approximately $1.31 billion over the past week, lifting the total market capitalization of fiat-linked digital assets to $247.578 billion. This places the stablecoin sector just $2.422 billion shy of the $250 billion threshold. Stablecoin Market Closes in on $250B With Just $2.42B to Go The fiat-pegged […] Source CryptoX Portal

Stripe holds early talks with banks on stablecoin use

boss

Payment giant Stripe has reportedly held early discussions with banks about potentially integrating stablecoins, signaling growing acceptance in global banking. After debuting stablecoin-based accounts in 100 countries in early May, Stripe has noticed significant interest in stablecoins — cryptocurrencies tied to fiat currencies like the US dollar — from global banks. “In the conversations we have with them, they’re very interested,” Stripe co-founder and president John Collison said in an interview with Bloomberg News on May 30. “This is not something that banks are just kind of brushing away or…

Stantander bank may issue stablecoin

boss

Banco Santander SA, a global banking institution, is considering expanding crypto services to retail clients and potentially launching a stablecoin product. The stablecoin plans are still in the early phases. According to a May 29 Bloomberg report, the bank is considering offering both dollar and euro-pegged fiat tokens. Large banking institutions, including JPMorgan, Bank of America, Citigroup and Wells Fargo, are reportedly looking into launching stablecoins, following an industry-positive regulatory shift in the United States under US President Donald Trump. Proponents of stablecoins argue they are a way to extend…

Conduit Raises $36M to Expand Cross-Border Stablecoin System

Conduit, a cross-border payments company based in Boston, has raised $36 million in a Series A funding round led by Dragonfly and Altos Ventures. The capital will go to scale its payment system and expand currency offerings across fiat and stablecoins. Conduit markets its payment system as an alternative to the messaging network SWIFT, or Society for Worldwide Interbank Financial Telecommunications. Banks have relied on the SWIFT protocol to process wire transfers since the 1970s. Conduit claims its platform offers a modern alternative, enabling near real-time cross-border settlements by combining…