Stablecoin Volume and OTC Trading Double in the First Quarter of 2025
TL;DR OTC and stablecoin trading volumes doubled year-over-year in Q1 2025, according to data from Finery Markets. Bitcoin, Ethereum, and stablecoins accounted for 95.3% of...
stablecoin
Tether Mints $1 Billion USDT on Tron as Bitcoin Eyes New Highs
TL;DR Fresh Stablecoin Influx: Tether mints another $1B USDT on Tron, raising its Tron-based supply above $50B ahead of key macroeconomic reports. Bitcoin Momentum: Following...
Cap Raises $11 Million to Launch Its Yield-Bearing Stablecoin Engine
TL;DR Cap raised a total of $11 million, backed by Franklin Templeton and Triton Capital, to develop its yield-bearing stablecoin engine. Its model combines crypto-native...
Codex to Launch a Specialized Blockchain for Stablecoins
TL;DR Codex raised $15.8 million to build a blockchain focused on stablecoins, backed by Dragonfly, Coinbase, and Circle. The network is built on Optimism and...
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...
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...