News with the tag "Stablecoin Market"

A consortium of America’s largest banks is reportedly in early discussions to create a joint cryptocurrency stablecoin, signaling a significant potential shift in how traditional finance approaches digital currencies. According to a May 22 report by The Wall Street Journal, companies linked to JPMor...

Global payments giant Stripe has introduced a new financial tool designed to help businesses manage money using U.S. dollar-backed stablecoins. The product, called Stablecoin Financial Accounts, enables companies in 101 countries to hold and transact in stablecoins, offering a modern alternative to ...

Three of Abu Dhabi’s financial heavyweights—sovereign wealth fund ADQ, First Abu Dhabi Bank (FAB), and the sprawling International Holding Company (IHC)—have announced plans to launch a dirham-pegged stablecoin. The initiative , revealed on April 28, is pending approval from the UAE’s central bank a...

In a recent statement, European Central Bank (ECB) board member Piero Cipollone emphasized the necessity for Eurozone banks to adopt a digital euro in light of US President Donald Trump’s initiative to promote stablecoins. These cryptocurrencies, pegged to the US dollar, are part of a broader strate...

Ethereum layer-2 networks now lock over $13.5 billion in stablecoins, driving total market capitalization to $205 billion.

Stablecoin Market Hits $200B Record The stablecoin market has achieved a historic milestone, surpassing $200 billion in market value. This growth is fueled by an explosion in crypto trading, payments, and yield-generating products, according to data from CCData and DefiLlama. Tether’s USDT and Circl...

Binance and Circle established a strategic cooperation on Wednesday to increase adoption and utilization of the USDC stablecoin during an Abu Dhabi press conference. According to Fortune, the cooperation between Binance, the world’s largest cryptocurrency exchange, and Circle, which co-founded USDC ...

The stablecoin market has achieved a significant milestone, surpassing $200 billion in total market capitalization , according to data from CoinGecko . This marks a 13% increase over November, reflecting the growing adoption of stablecoins as a key asset in the cryptocurrency ecosystem. Analysts fro...

According to a Bloomberg report, crypto trading platform Robinhood and financial technology company Revolut are exploring the launch of their own stablecoins. The potential move from Robinhood and Revolut comes amid growing pressure from regulators in Europe, which could loosen the dominance of Teth...

BNB Chain will also create a liquidity pool to allow transfers from other chains as part of its efforts to grow its stablecoin ecosystem.