Frax Stablecoin Vote: BlackRock BUIDL Backing
Vote to use @BlackRock’s BUIDL as a backing asset for the $FRAX stablecoin is live until Jan. 1, with unanimous support so far. #Update #Crypto @BlackRock ↗ (+4)
Stablecoins
Related to cryptocurrencies pegged to stable assets like fiat currencies or gold to reduce volatility.
Stablecoin Ban Boosts Brazil Decentralization
Brazil’s ban on self-custodial stablecoins is expected to drive further decentralization, as crypto executives highlight challenges in enforcement and cite historical trends. #Update #Legal @Cointelegraph ↗ (+3)
Crypto Giants Invest $10M in Stablecoin
@Binance and @Kraken lead $10M Series A for @Usual’s stablecoin, $USD0, now with a market cap of $1.5B and real asset backing. #Update #Crypto @Usual ↗ (+6)
Tether Invests $775M in Rumble
Tether invests $775M in @Rumble, boosting video hosting and cryptocurrency initiatives with a $20M Bitcoin reserve, enhancing digital freedom.
Tether Investment Propels Rumble Stock Surge
@Tether_to invests $775M in @rumblevideo for decentralization, boosting Rumble stock 35.89% to $9.77 post-announcement (Dec 2023); deal closes Q1 2025 pending approval. #Update #Crypto @Tether_to ↗ (+35.89)
Tether Boosts Rumble Stock With $775M
Tether invests $775M in @RumbleVideo, sending stock up 50% to $7.50 per share (Oct 2023). $250M for growth, $525M for buyback. CEO Chris Pavlovski retains control, aligns with @Tether_to on decentralization. #Update #Crypto @RumbleVideo ↗ (+50)
Tether Unveils Hadron API Integration
Tether integrates Hadron API by Feb 2025, enabling seamless real-world asset tokenization. This $12B sector impact expands investment opportunities in crypto. @Tether_to #AssetTokenization #CryptoInnovation
Tether Invests in European Stablecoin Issuer
Tether invests in StablR to comply with Europe’s MiCA regulations, enhancing its market presence with MiCAR-compliant stablecoins EURR and USDR. This strategic move supports Tether’s alignment with Europe’s regulatory landscape, focusing on risk management and transparency.
Stablecoin Launched Backed by BlackRock Fund
Ethena Labs launches $USDtb, a new stablecoin backed by BlackRock’s digital fund, featuring multichain capabilities across Ethereum and Solana. Integrated with LayerZero’s OFT technology, USDtb enhances cross-chain liquidity, marking a significant step in traditional and decentralized finance convergence.
Stablecoin Revolution: Ethena Unveils USDtb
Ethena launches $USDtb, backed 90% by BlackRock’s BUIDL, enhancing crypto market stability and liquidity. Acts as a reserve for $USDe with robust custodian partnerships and audits ensuring security. #Breaking #CryptoNews
Ripple Launches RLUSD Stablecoin Worldwide
Ripple’s RLUSD stablecoin, launching Dec. 17, aims for global expansion on XRP Ledger and Ethereum. Backed by USD deposits and bonds, it ensures regulatory compliance with NYDFS oversight, impacting cross-border payments and liquidity management.
Ripple Stablecoin Surges Above Peg Prelaunch
Ripple CTO David Schwartz cautions against FOMO as RLUSD trades above $1 peg pre-launch. Pre-launch offers soar to 511 $XRP ($1,200). Schwartz urges focus on RLUSD’s stablecoin role, not speculation, in a competitive market.
Crypto Giants Tether, TON Expand to Kazakhstan
Kazakhstan is emerging as a strategic hub for crypto and tech firms, attracting $USDT, $TON, @Google, and others with regulatory advances like licenses for Binance and Bybit. This initiative could boost jobs and foreign investment. #Update
Coinbase to Delist USDT in EU
Coinbase to delist $USDT and other stablecoins in Europe by Dec 2024 due to MiCA regulations. $USDC remains compliant, enhancing @Circle’s market position. Users should exchange or withdraw assets before the deadline. #Update