Over the past month, the stablecoin market has swelled over $200 billion, and two fiat-backed tokens have experienced eye-catching expansions. Ethena’s yield-generating stablecoin, USDE, has grown rapidly, now approaching 6 billion in supply. Meanwhile, Usual’s USD0 supply has crossed the 1 billion threshold. Ethena’s USDE and Usual’s USD0 Shake Up a $204B Stablecoin Market December […] Source CryptoX Portal
Este artículo también está disponible en español. XRP whales have been on a buying spree as blockchain payments company Ripple officially launched its dollar-backed stablecoin, RLUSD, on several global crypto exchanges this Tuesday. The stablecoin is now available for trading on platforms Bitso, Uphold, CoinMENA, MoonPay, and Archax, with additional listings expected soon. Ripple RLUSD Stablecoin Launches Amid Price Volatility RLUSD is designed to maintain a stable value in line with the US dollar and is compatible with both the Ethereum (ETH) blockchain and the XRP Ledger (XRPL), the latter being…
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Ripple’s RLUSD stablecoin debuts on Uphold, offering rewards and exclusive benefits, solidifying its role in digital payments and boosting value for XRP investors. Ripple’s RLUSD Launches on Uphold—Where XRP Community Gains More Uphold, a leading Web3 financial platform, has confirmed that Ripple’s new USD-backed stablecoin, RLUSD, will be fully accessible on its platform starting Dec. […] Source CryptoX Portal
Ripple’s groundbreaking RLUSD stablecoin launches on Tuesday, set to transform global payments with instant settlements, defi integration, and unrivaled regulatory compliance. Ripple Launches RLUSD Stablecoin: The Revolution in Global Payments Begins Ripple is gearing up for the global debut of Ripple USD (RLUSD), an enterprise-grade stablecoin launching on Dec. 17. Designed for trust, utility, and […] Source
The market activity of TRON (TRX) has experienced a remarkable surge, resulting in the company making headlines. In November 2024, TRON achieved an extraordinary $587 billion in USDT transfers, a 30% increase from the previous months. This remarkable expansion underscores TRON’s status as a preeminent blockchain platform for stablecoin transactions, which are distinguished by their rapid transaction speed and low fees. TRON’s deflationary model and the growing popularity of stablecoins may pave the way for even more substantial price increases as the cryptocurrency market continues to develop. USDT Transfer Volume…
Ethena Labs has announced the launch date of its synthetic USDe stablecoin on Dec. 16, 2024, as the token’s market cap reached $5.73 billion, an all-time high. In a post on X, Ethena Labs, built on the Ethereum blockchain, announced a possible launch for its stablecoin USDe which is pegged to the U.S. dollar. It is mainly built as a yield-generating asset rather than an intermediary for a transaction, similar to Tether (USDT) or USD Coin (USDC). Ethena Labs announcement of USDe stablecoin on X. In contrast to the traditional…
XRP, the native token of the XRP Ledger (XRPL) network, surged during the U.S. afternoon hours on Tuesday as Ripple CEO Brad Garlinghouse said the company’s much-anticipated stablecoin obtained regulatory approval from the New York Department of Financial Services. “This just in…we have final approval from NYDFS for RLUSD! Exchange and partner listings will be live soon,” Garlinghouse posted on X. XRP rallied 10% following Garlinghouse’s announcement in a broader crypto market bounce, erasing today’s losses. The token was up 6.8% over the past 24 hours, outperforming bitcoin (BTC) and…
The Central Bank of Brazil acknowledged that a proposal making self-custody of stablecoins illegal in the country might be withdrawn if certain conditions are met. In a public hearing, the deputy head of the Financial System Regulation Department, Renato Kiyotaka Uema, said that these provisions were put in place to bring stablecoin transactions to light, […] Source CryptoX Portal
The State of Wyoming is hiring blockchain developers to support the creation of its government-issued stablecoin currency. The Wyoming Stable Token Commission has issued public Requests for Qualification to attract talent for its stablecoin initiative, known as “Project WYST.” Stablecoins are digital currencies that trade with 1:1 dollar parity, allowing users to deploy U.S. dollars in blockchain markets and decentralized finance venues. The sector has over $200 billion in circulation, and stabelcoins feature in most cryptocurrency transactions, according to the U.S. Treasury Department. Applicants have until Dec. 12 to submit…