USDCKit Revolutionizes USDC Transactions Worldwide
TL;DR Circle, one of the most influential companies in the crypto ecosystem, has taken a major step toward mainstream stablecoin adoption with the launch of...
Tag : stablecoin
Custodia Bank and Vantage Bank Launch Avit, the First Bank-Issued Stablecoin on a Permissionless Blockchain
TL;DR Custodia Bank and Vantage Bank launched Avit, the first bank-issued stablecoin registered on a permissionless blockchain. Avit is backed by real dollar reserves and...
Lens Chain to Adopt GHO as Native Gas Token
TL;DR Lens Chain will adopt GHO, Aave Labs’ stablecoin, as its native gas token. Aiming for stable and predictable transaction fees. GHO is a decentralized...
Tether Invests in Zengo Wallet to Strengthen Global Stablecoin Adoption
TL;DR Tether strategically invests in Zengo Wallet, a self-custodial wallet known for its security and ease of use, with the goal of promoting secure custody...
Ripple’s RLUSD Stablecoin Secures Listings on Revolut and Zero Hash
TL;DR Ripple has partnered with Revolut and Zero Hash to enhance the accessibility of its fiat-backed stablecoin, RLUSD, and challenge the dominance of USDT and...
Tether Presents its 2024 Financial Report
TL;DR Tether reported a net profit exceeding $13 billion in 2024, consolidating its financial strength and gaining trust among users and investors. The issuance of...
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...
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...