News with the tag "USD stablecoins"

Ripple’s stablecoin RLUSD is making waves, with 20.7 million RLUSD transferred in the last 24 hours. According to Ripple Stablecoin Tracker, 12 transactions, ranging from 1 million to 3.5 million RLUSD, were carried out between anonymous wallets. The largest transfers included amounts of 3.5 million...

MiCA, the regulatory framework by the European Union (EU), is boosting the utilization and adoption of EUR-backed stablecoins, challenging the dominance traditionally held by USD-backed coins. Notably, the regulatory initiative, MiCA, covers various aspects of crypto-assets, including transparency, ...

In its latest State of Crypto report, crypto exchange Coinbase that some of the biggest American firms have been planning a shift to onchain platforms. However, there’s a serious lack of a talent pool that can cater to this shift, notes Coinbase. US Losing Ground In Crypto Development Citing the Sta...

Despite having no profiting outlook, stablecoins are part of every single investor, and there is more than one reason behind that. These are easily understandable by their name, Stablecoins, as in a comparatively stable cryptocurrency. As the other cryptos’ price keeps going up and down based on var...

Tether Holdings Limited, the issuer of USDT stablecoin, has unveiled the attestation report for the first quarter of FY24. The latest attestation, as of March 31, 2024, goes beyond the reserves backing Tether Fiat-denominated stablecoins. Moreover, it provides a comprehensive overview of the entire ...

During the Bitcoin Policy Summit at the National Press Club in Washington on April 9, Senator Kirsten Gillibrand of New York revealed plans for forthcoming stablecoin legislation. The aim of this legislation is to align with the original vision of Bitcoin (BTC) as a viable payment method. Collaborat...

Blockchain and lending startup Figure Technologies Inc., led by former SoFi Technologies Inc. CEO Mike Cagney, is aiming for approval from the U.S. SEC to launch interest-bearing stablecoins. Figure Introduces Interest-Bearing Stablecoins This unconventional move seeks to establish a new category of...

Blockchain and lending startup Figure Technologies Inc., led by former SoFi Technologies Inc. CEO Mike Cagney, is aiming for approval from the U.S. SEC to launch interest-bearing stablecoins. Figure Introduces Interest-Bearing Stablecoins This unconventional move seeks to establish a new category of...

The Bank of International Settlements (BIS) has published the latest report highlighting its concerns over the current state of stablecoins in the market. BIS Raises Red Flags on Stablecoins Stability In their research report, BIS raised significant concerns over their stability and posed questions ...