Tag: Stablecoin

Maple Expands to Solana, Brings Yield-Bearing Stablecoin

boss

Lending platform Maple Finance is expanding to the Solana network in a bid to reach a broader class of users. According to a June 5 announcement shared with Cointelegraph, the company is deploying its syrupUSD yield-bearing stablecoin to Solana-based platforms Kamino and Orca. The coin had previously been available only on the Ethereum blockchain. Maple’s Solana integration is launching with $30 million in liquidity, which the company says will establish “a deep and stable foundation for lending, trading, and collateral provisioning” in the ecosystem. Related: Solana lacks ‘convincing signs’ of…

USDC Issuer Circle Prices NYSE IPO at $31 Per Share, Valuing Stablecoin Firm at $6.2 Billion

Circle priced its initial public offering (IPO) on Wednesday at $31 per share, above the expected range of $24 to $26. The company sold around 34 million shares in the offering for a valuation of $1.1 billion. Bloomberg pegs the total amount raised in the IPO at $6.2 billion. Circle initially planned to offer just 24 million Class A shares, with 9.6 million coming from the firm itself and the remainder from early stakeholders. But as demand soared, the offering ballooned to more than 10 times the original amount. The…

Stablecoin issuer Circle upsizes IPO to over $1 billion

boss

Stablecoin issuer Circle Internet Group, Inc. has again boosted its initial public offering to $1.05 billion, pricing its shares above its previous marketed range. The USDC (USDC) stablecoin manager said on June 4 that it will now to offer 34 million shares at a price of $31 each when it debuts on the New York Stock Exchange on June 5. Previously, Circle was offering 32 million shares at a range of $27 to $28 per share, up from its first advertised offering of 24 million shares priced between $24 and…

A New Era for Private Stablecoin Payments: Announcing Zano.cash and Integration With Bitcoin.com Maps

boss

This content is provided by a sponsor PRESS RELEASE June 4, 2025 – A new chapter in private crypto commerce is unfolding as Zano.cash—a privacy-focused point-of-sale system—and fUSD, a confidential stablecoin, are now integrated into Bitcoin Maps, one of the most widely used platforms for discovering crypto-accepting businesses around the world. Unlike traditional stablecoins, Freedom […] Original

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…