Related to cryptocurrencies pegged to stable assets like fiat currencies or gold to reduce volatility.
Circle partners with MHC Digital Group to launch $USDC in Australia and Asia Pacific, aiming to streamline cross-border payments and lower costs for institutions. This expansion highlights Circle’s commitment to global financial innovation. #Update
Ohio Senator Niraj Antani proposes a bill for crypto tax payments and investment options for state universities and public pension funds. This move could spur innovation and influence federal policies on cryptocurrency adoption. #Crypto #Ohio #Update
Tether collaborates with @TheJusticeDept to freeze $6M in crypto tied to Southeast Asian fraud. The effort highlights the importance of partnerships in combating crypto scams and protecting investors. $USDT #Update
Ethena Labs partners with BlackRock to launch UStb stablecoin, backed by BUIDL fund. UStb will be used as margin collateral on exchanges like Bybit and Bitget, offering investors robust security and diversified risk management options.
Ethena Labs launches UStb stablecoin, backed by BlackRock and Securitize. $ENA surged 16% to $0.3659. UStb offers flexible collateral for USDe, addressing risk in varying interest rate environments.
Lucie, Shiba Inu’s marketing lead, confirms that the SHI stablecoin is in development and testing. SHI aims to provide stability for Shibarium, Shiba Inu’s Layer 2 blockchain, pegged at $0.01. This could enhance Shibarium’s decentralized finance capabilities.
Terraform Labs may shut down by October 30, 2024, if third-party negotiations fail. Products like Enterprise Protocol and Station Wallet are up for takeover, while community initiatives will manage Terra Luna Classic. $LUNC price surged 10% this week.
Binance increases $LUNC burns, totaling 64.47B tokens this month. The move boosts LUNC’s price by 3%, indicating growing trader interest and volume. This strategy shift may stabilize and enhance the Terra Luna Classic ecosystem.
USDT’s market cap reached a record $119.1B on Sept 22, commanding 69.16% of the stablecoin market. This marks a 20% growth since March, underscoring its role in the $170B stablecoin sector.
? $LUNC burns 726M USTC post-proposal approval; tokens jump 2%. Narrow vote: 27.23% for, 48% abstained. Future burns face Oct 31 court challenge. Community delegators show strong support with 92% backing. More burns ahead.
Revolut, valued at $45B and now a UK bank, is developing a stablecoin amid booming demand. Despite growth, 75% of last year’s crypto scam transactions involved stablecoins. Revolut’s move could push further innovation in the financial sector.
Ukrainian experts at the IT Ukraine Conference compared crypto tax proposals from the Ministry of Digital Transformation and NSSMC, highlighting the impact on market growth and innovation. Aligning regulations with international standards is key to post-war economic recovery.
Revolut plans to launch its own stablecoin, joining industry leaders like $XRP, @PayPal, and @BitGo. With a market cap of $161.2 billion, stablecoins are gaining traction. This move highlights Revolut’s focus on compliance and security.
EURe stablecoin launches on Noble network, enabling seamless bank-crypto transactions and broad access across the Cosmos ecosystem. Holding 47.8% market share among euro-pegged stablecoins, EURe sets a new standard for digital payments.
