XRP, with a market cap of $149 billion, isn’t just a heavyweight in cryptocurrency—its distributed ledger network has been diving headfirst into tokenization and decentralized finance (defi). Meanwhile, Ripple is turning heads with the forthcoming launch of its much-anticipated stablecoin, ripple usd (RLUSD). A Focus on RLUSD and Defi Marks Strategic Shift for XRP Ledger […] Source CryptoX Portal
Ripple is racing to launch its highly anticipated U.S. dollar-pegged stablecoin by year’s end, poised to revolutionize digital payments across XRP and Ethereum networks. Ripple’s Stablecoin Race: Will It Beat the Holiday Deadline or Face Delays? Ripple is gearing up for a high-stakes December as it races to launch its U.S. dollar-pegged stablecoin, Ripple USD […] Source CryptoX Portal
The updated rules were introduced last year and outline several requirements for crypto exchanges and stablecoin issuers. USDC Issuer Circle Claims It Was First to Comply With Canada’s Interim Listing Rules Stablecoin issuer Circle, whose flagship product USDC has a current market capitalization of roughly $40 billion, issued a formal undertaking on Wednesday to Canadian […] Source BitcoincryptoexchangeExchanges CryptoX Portal
The Moria Protocol has launched MUSD, the first stablecoin built on BCH Cashtokens. Bitcoin Cash Gets a Stablecoin Powered by Decentralized Borrowing The Moria Protocol has unveiled MUSD, the first stablecoin built on Bitcoin Cash (BCH) Cashtokens, marking a milestone in the evolution of the BCH ecosystem. This launch introduces a stable, asset-backed digital token, […] Original
Este artículo también está disponible en español. The latest on-chain data shows that the stablecoin market is nearing a new milestone in terms of valuation. Here’s how the increasing liquidity could impact Bitcoin and the general cryptocurrency market. Can The Increasing Stablecoin Cap Push Bitcoin Price To $100,000? Market intelligence platform IntoTheBlock has revealed in its weekly report that the stablecoin market capitalization has experienced notable growth in the past month. According to the crypto firm, the stablecoin market cap surged past $190 billion this week for the first time…
Este artículo también está disponible en español. On-chain data shows exchanges have continued to receive stablecoin deposits recently, a sign that could be bullish for Bitcoin and other digital assets. Stablecoin Exchange Netflow Has Remained Positive Recently As pointed out by an analyst in a CryptoQuant Quicktake post, stablecoins have been flowing into exchanges recently. The on-chain metric of relevance here is the “Exchange Netflow,” which keeps track of the net amount of a given asset that’s moving into or out of the wallets associated with centralized platforms. When the…
“Adding support for the Aptos blockchain inside our crypto products broadens consumer and merchant access to more efficient global fund flows with stablecoins, whether it be a retailer accepting payments from around the world, or a platform paying creators no matter where they are” John Egan, head of crypto at Stripe, said in a statement. Source
The heady growth is about as preordained as anything could be in DeFi. Sky is spending $2 million a month to incentivize traders that swap into USDS and deploy it, said Rooter, the pseudonymous leader of borrow and lend protocol Save, which is handing out 400,000 worth of USDS a month to suppliers of the new stablecoin. Source
Rebeca Moen Nov 20, 2024 14:36 First Digital introduces its stablecoin, FDUSD, as a native token on the Sui blockchain, expanding DeFi options and showcasing institutional confidence in Sui’s growing ecosystem. First Digital has expanded its stablecoin offerings by launching the FDUSD stablecoin as a native token on the Sui blockchain. This development provides decentralized finance (DeFi) users with an additional option, further enhancing the ecosystem’s diversity, according to Sui Foundation. FDUSD Joins Sui’s Stablecoin Roster FDUSD joins a growing list of…
“Upon completion of the acquisition, Paxos will be a fully licensed EMI in Finland and the EU,” the company said Tuesday. “Paxos intends to make its portfolio of assets and tokenization solutions compliant with Markets in Crypto Asset (MiCA) regulations.” Source