Tag: Stablecoin

French Hill discusses Ether ETF, payments stablecoin bill 

In an interview on Monday, U.S. Representative French Hill emphasized legislative efforts to enable the private sector to lead the development of a dollar-backed payment stablecoin and predicted quicker market entry for spot Ethereum ETFs compared to Bitcoin ETFs.  U.S. Representative French Hill, chair of the subcommittee on digital assets, discussed future stablecoin-related policy in the United States during a CNBC “Squawkbox” interview. “We are still working on a payments stablecoin bill that will let the private sector here lead… on a dollar-backed payment stablecoin,” Hill said.  Hill mentioned that…

FDUSD Supply Shrinks by 29% Amid Stablecoin Supply Shifts

The stablecoin market has experienced modest growth over the past two weeks, with valuations increasing by approximately $590 million. Among the top five U.S. dollar stablecoins, Ethena’s USDE saw the largest supply growth, rising 17.5%. In contrast, First Digital’s FDUSD experienced a 29% supply decrease. Stablecoin Valuations Adjust With Diverse Market Movements in May Since […] Source CryptoX Portal

TrueUSD’s (TUSD) zero-fee trading campaign on Bitci amid Turkish stablecoin adoption surge

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. TrueUSD (TUSD) has joined efforts with Bitci to offer various stablecoin campaigns, including a zero-fee trading campaign that offers users an opportunity to trade TUSD without fees.  This initiative offers a zero-fee trading promotion for the TUSD/TRY trading pair, making it an attractive time for traders and stablecoin users to engage with the cryptocurrency. Türkiye’s crypto market booms; TUSD’s trading campaign on Bitci exchange Türkiye has become a notable…

Crypto Exchange Kraken Mulls Pulling Support for Top Stablecoin USDT in the EU: Report

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The San Francisco-based crypto exchange Kraken is reportedly mulling whether to pull support for the stablecoin USDT in the European Union (EU). Bloomberg reports that Kraken is “actively reviewing” its European support for the Tether-issued stablecoin. European digital asset trade associations and think tanks have warned that the EU’s Markets in Crypto-Assets Regulation (MiCA) could ban the largest stablecoins by trading volume. MiCA is the upcoming EU legislation that will provide rules covering the supervision, consumer protection and environmental safeguards of crypto assets. The law also includes measures that aim…

SEC targets Ripple’s stablecoin; What to expect from Bitcoin & this new AI altcoin in May?

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Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Ripple, known for its XRP token, is back in the headlines, but this time, it’s about their upcoming stablecoin launch.  Yep, you heard right. Ripple’s planning to drop its own stablecoin later this year, but it looks like they’ve caught the watchful eye of the SEC. Brad Garlinghouse, Ripple’s CEO, isn’t shy about calling out what he sees as the U.S. government’s overreach, especially concerning Tether, the giant in…

DeFi Lender Liquity (LQTY) Unveils Protocol Upgrade, New Stablecoin BOLD in White Paper

“LUSD is great for its decentralized capabilities, but it doesn’t have the built-in flexibility to adapt to changing market environments like rising or falling interest rates,” Samrat Lekhak, head of business development and communications at Liquity, said in an interview over Telegram. “In times of positive interest rates, this implies a need for a continuous yield source for the stablecoin, which BOLD provides.” Source