Stablecoin Issuers Command 40% of December’s On-Chain Revenue
TL;DR Stablecoin issuers accounted for over 40% of on-chain revenue in December 2024, generating more than $664 million out of the $1.5 billion total. Tether...
Tag : stablecoin
Solana’s Stablecoin Growth Soars: A $424.87 Million Weekly Boost
TL;DR Solana’s stablecoin market cap surged above $5 billion, with a $424.87 million weekly boost. The network’s Total Value Locked (TVL) surpassed $55 billion, reflecting...
RLUSD Sees Massive Transfers as Ripple’s New Stablecoin Gains Traction
TL;DR Ripple transferred nearly 10 million RLUSD stablecoins within an hour, following the recent launch of RLUSD, highlighting the growing interest and potential impact of...
Ethena Labs’ USDtb Stablecoin Launches to Strong Market Reception
TL;DR Ethena Labs launched its BlackRock-backed stablecoin, USDtb, on December 16, 2024, amassing $65.4 million in TVL within the first 24 hours. USDtb is designed...
Ripple Mints 13 Million RLUSD Stablecoin Across XRP and Ethereum Networks
TL;DR Ripple has minted 13 million RLUSD stablecoins across the XRP Ledger and Ethereum networks, following NYDFS approval, positioning RLUSD as a fully regulated stablecoin...
Circle Rolls Out CCTP V2: A Game-Changer for Cross-Chain USDC Transfers
TL;DR Circle has launched CCTP V2, an upgraded Cross-Chain Transfer Protocol, to address liquidity fragmentation and improve user experiences, making USDC transfers faster and more...
Tether Treasury Mints Another 2 Billion USDT on Ethereum Network
TL;DR Tether’s Treasury minted an additional 2 billion USDT on the Ethereum network to replenish inventory and boost liquidity, confirmed by CEO Paolo Ardoino. The...
TON Recovers After Pavel Durov’s Arrest
TL;DR The TON blockchain has seen a 20% increase in its stablecoin supply since the arrest of Pavel Durov, surpassing $700 million. Pavel Durov, after...
PayPal USD (PYUSD) Now Available on MoonPay for Global Transactions
TL;DR PayPal has launched its stablecoin, PYUSD, on MoonPay, allowing transactions with multiple payment methods in most countries, except Canada. This integration results from a...
Terra Luna Classic Rises Again: The Massive USTC Burn Boosts Token Value
TL;DR The Terra Luna Classic (LUNC) ecosystem is revitalizing with the approval of the proposal to burn 46,556,271 USTC, which has increased market interest. The...