Stablecoins

The team behind World Liberty Financial, a decentralized finance (DeFi) project backed by former President Donald Trump, stated that the best way to "Make "America Great" using cryptocurrencies was to encourage the usage of U.S. dollar-backed stablecoins rather than speculative, risky assets....

Rep. Maxine Waters (D-Calif.) has proposed a deal to Rep. Patrick McHenry (R-N.C.), the Republican chair of the committee that could potentially advance long-stalled stablecoin legislation in the U.S. before the end of 2024. What Happened: Axios reported on Monday, citing a Hill staffer, that the...

Donald Trump has announced the launch of his decentralized finance (DeFi) crypto project, World Liberty Financial, slated for Monday. What Happened: Trump revealed the launch date of his DeFi platform in a video update on social media platform X. The platform is designed to aid those who are...

The digital assets market is experiencing a wave of new stablecoin launches by various technology and cryptocurrency companies, and even a state, in spite of concerns about their limited use and chances of survival. What Happened: A Financial Times report on Thursday revealed that blockchain-based...

Former President Donald Trump’s upcoming cryptocurrency project, World Liberty Financial, expressed its commitment to promoting the mass adoption of dollar-pegged stablecoins to uphold U.S. financial supremacy. What Happened: On Wednesday, the team behind the hotly-anticipated decentralized...

Tether Holdings (CRYPTO: USDT) Limited has disclosed $5.2 billion profit for the first half of 2024, setting a new record for the company in its second-quarter attestation. What Happened: Tether's Q2 attestation reflects a group equity of $11.9 billion as of June 30, 2024. Tether reported a net...

The stablecoin sector has witnessed a significant expansion since the beginning of July, coinciding with the overall upswing in the cryptocurrency market. What Happened: In an X post on Wednesday, Ki Young Ju, CEO of on-chain analytics firm CryptoQuant, noted that stablecoins have been flowing...

Jeremy Allaire, CEO of stablecoin issuer Circle, voiced increased optimism about the current state of cryptocurrencies and expected significant advancements over the next decade. What Happened: In a long post on X Wednesday, Allaire enthusiastically remarked, "I'm more bullish than I have ever been...

Former Speaker of the U.S. House of Representatives Paul Ryan on Friday emphasized the potential of stablecoins in safeguarding America’s financial future amidst mounting national debt concerns. Stablecoins as a Solution to Debt Crisis In an opinion piece in The Wall Street Journal, Ryan...

A study conducted by Visa (NYSE:V) and Allium Labs unveiled that more than 90% of stablecoin transactions are not genuine, raising questions on the digital tokens' belief. What Happened: According to the dashboard created by Visa and Allium Labs, stablecoins are far from achieving universal...

In a strategic move to broaden its reach beyond stablecoins, Tether (CRYPTO: USDT), the world’s largest stablecoin creator, has announced a reorganization into four divisions. What Happened: Tether has formed four divisions to reflect its expanding focus and interest in sectors beyond its...

Andrey Zverev, a self-proclaimed Russian smuggler, has been using Tether (CRYPTO: USDT), a popular cryptocurrency, to facilitate transactions for procuring high-tech equipment and weapons parts, helping Russian companies bypass Western sanctions. What Happened: Zverev, a middleman for Russian...

Coinbase Inc. (NASDAQ: COIN) UK CEO Daniel Seifert on Thursday dubbed Bitcoin (CRYPTO: BTC) as a viable alternative in countries that are grappling with financial challenges. In an interview with Benzinga, Seifert pointed to several catalysts fueling Bitcoin's meteoric rise to a new...

In its 2023 annual report, Tether (CRYPTO: USDT) disclosed $6.2 billion in profits. CEO Paolo Ardoino emphasized the importance of the industry shifting toward blockchain solutions with real-world applications. What Happened: In a recent podcast with "The Wolf Of All...

Monero (CRYPTO: XMR), a digital currency known for its privacy features, is down 37% in a day following a Binance announcement that it will soon delist the cryptocurrency from its trading platform. What Happened: According to Binance's statement on Feb. 6, Monero, along with...