Tether’s USDT has achieved the fastest deployment of a stablecoin on any blockchain, reaching $1.4 billion issued on TON in just ten months. This is according to data by Artemis and Ournetwork. As the largest stablecoin with a $293 billion market cap, USDT is the third most valuable digital asset after bitcoin and ether, and […] Source CryptoX Portal
Bitget Wallet has integrated decentralized lending protocol Aave to allow users to stake USDT and USDC across five blockchain networks while retaining self-custody of assets. Aave Integration Enables Cross-Chain Stablecoin Staking on Bitget Wallet Bitget Wallet has integrated decentralized lending protocol Aave to allow users to stake USDT and USDC across five blockchain networks while […] Source CryptoX Portal
Standard Chartered Bank, Animoca Brands, and HKT have formed a joint venture to pursue a stablecoin issuing license from the Hong Kong Monetary Authority. ‘Digital Assets Here to Stay’ Standard Chartered Bank (Hong Kong), Animoca Brands, and HKT recently agreed to form a joint venture to pursue a stablecoin issuing license from the Hong Kong […] Source CryptoX Portal
Aston Martin Aramco Formula One Team has partnered with cryptocurrency platform Coinbase in a multi-year deal fully paid in USDC stablecoin, marking a first in Formula One history. USDC Stablecoin Fuels Landmark F1 Sponsorship Between Aston Martin Aramco and Coinbase The Aston Martin Aramco Formula One Team rebranded in 2021 under owner Lawrence Stroll, announced […] Source CryptoX Portal
Este artículo también está disponible en español. Everything’s looking bright and rosy for the crypto’s future with good news from the Fed and New York. The Fed’s governor talked about the potential of stablecoins in retail. But he added it might take some work to increase its adoption. New York could also relax its crypto regulations if its senator’s proposed bill passes. This could put the state in a much more competitive position against other financial centers like London, Shanghai, Tokyo, and New York. Of course, scammers are also lurking…
Plasma, a startup focused on developing a blockchain tailored for stablecoin transactions, has raised $20 million in a Series A funding round led by Framework Ventures, following an earlier $4 million seed round. The investment, which includes participation from notable figures such as Peter Thiel and Tether CEO Paolo Ardoino, aims to enhance Plasma’s capabilities […] Original
Metrics reveal Ripple’s newly minted stablecoin, RLUSD, has eclipsed the $100 million threshold mere weeks after its mid-December 2024 debut. RLUSD Supply Climbs to 108M As of Feb. 12, 2025, the broader stablecoin arena boasts a valuation of $224.367 billion. While RLUSD’s slice of this financial pie remains extremely modest, its trajectory shows steady momentum, […] Source CryptoX Portal
Bahrain’s central bank is developing regulations for stablecoins to reduce transaction costs and increase financial access. Making the Digital Asset Space Safer Bahrain’s central bank is drafting regulations on stablecoin issuance, the Middle Eastern country’s Finance and National Economy Minister Shaikh Salman bin Khalifa Al Khalifa recently disclosed. Once enacted, the stablecoins are expected to […] Source CryptoX Portal
Circle’s USDC, the second-largest stablecoin on the market, rose to a record market capitalization over $56 billion this week as stablecoin growth showed signs of reaccelerating. USDC added $10.2 billion to its market cap over the past month, driven primarily by rising Solana-based DeFi trading volumes, Artemis data shows. That’s more than double the $4.6 billion growth of Tether’s USDT, the largest stablecoin in the market and Circle’s biggest competitor, during the same period. USDT still dominates the stablecoin space with a $142 billion market cap. With the latest growth…
Blockchain metrics firm Glassnode has released data showing that circulating stablecoin supply has skyrocketed to roughly $211.2 billion since the beginning of the year, a $17 billion increase in less than two months. The current rate of increase in the supply is roughly $541 million per day, according to the firm. Specific tokens that were […] Source CryptoX Portal