FDUSD Recovers and Strengthens Crypto Confidence
TL;DR FDUSD dropped to $0.87 after false rumors about its issuer, First Digital Trust, being insolvent, but quickly recovered its peg. Wintermute purchased over $31...
Tag : stablecoin
Avalanche Increases Its Stablecoin Supply, but AVAX Demand Remains Stagnant
TL;DR The supply of stablecoins on Avalanche grew by more than 70% in a year, but AVAX lost nearly 60% of its value during the...
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...
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...