Related to cryptocurrencies pegged to stable assets like fiat currencies or gold to reduce volatility.
Trustee Plus eliminates fees for exchanging $USDT to $USDC and introduces USDC transfers on @solana. External USDC transfers now cost just 1 USDC, significantly lower than Ethereum’s $6.75 fee. CEO Vadim Grusha emphasizes affordability and accessibility. #CryptoNews
Binance is aiding the Terra Classic community with the $USTC revival plan, complementing its $LUNC burn campaign. Binance’s efforts have eliminated over 62 billion $LUNC tokens. The price of $LUNC rose by 1% to $0.00007192, and $USTC climbed by 0.50% to $0.01608. #CryptoNews
Tether announced it will stop accepting redemptions of $USDT and $EURT on Algorand, EOS, Omni, and Kusama blockchains starting Sep 1, 2025. Tokens on these blockchains will be frozen. Users should redeem or migrate their holdings. This follows Tether’s launch of $USDT on the Ton blockchain. #Update
Tether will halt USDT and EURT redemptions on Omni, Kusama, SLP, EOS, and Algorand by Sept 1, 2025, focusing on security and efficiency. Users should redeem holdings promptly. $USDT holds 69% market share. #Crypto
Binance will delist key margin pairs $BTC/$TUSD and $TUSD/$USDT on July 24, 2024. Isolated margin borrowing for these pairs halts on July 12, 2024. TUSD balances in Cross Margin Wallets convert to $USDT automatically, impacting new positions. #CryptoNews
Federal Reserve Chair Jerome Powell supports the bipartisan Lummis-Gillibrand Payment Stablecoin Act, aiming to regulate US dollar-linked stablecoins by year-end. The bill seeks to enhance transaction stability and security, despite concerns from Coin Center about innovation impacts. #CryptoRegulation
Terra Classic developer Till Z released the v3.1.0 update to enhance $LUNC staking by diverting 10% of Oracle pool rewards. LUNC staking nears an all-time high with 1 trillion staked and a 20% increase in futures open interest. Trading volume up 40%. #Crypto #Update
Tether partners with Vietnam Blockchain Association to boost blockchain and AI education in Vietnam. Initiatives include five conferences in major cities and the UniTour program for students. Vietnam ranks third in global crypto markets, with 17% population involvement. #BlockchainEducation #Update
Tether (@Tether_to) stops issuing $USDT on Algorand and EOS to focus on Ethereum, Tron, and Solana. Current holders can redeem tokens for the next 12 months. This move aims to enhance security and efficiency. #Blockchain #CryptoNews
Circle launches its MiCA-compliant, euro-backed stablecoin (EURC) on Coinbase’s layer-2 blockchain, Base, to enhance market presence in Europe. EURC joins $USDC, leveraging MiCA regulations for faster, cheaper transactions. #Update #Crypto #Stablecoin
Ronin Network integrates PHPC, a peso-pegged stablecoin, approved by the Central Bank of the Philippines. In collaboration with @coinsph, PHPC aims to make remittances affordable and is now active on Coins.ph and Ronin Wallet. Plans include listing PHPC/RON on Katana. #Crypto #Update
PHPC stablecoin, tied to the Philippine Peso, is now on Ronin, allowing blockchain game players to use in-game earnings for local transactions. @coinsph and @Ronin_Network enhance gaming finance in the Philippines. #CryptoUpdate
Justin Sun announces @TRONfoundation’s fee-free stablecoin transfers launching Q4 2024. Initially on TRON, expanding to Ethereum. With $58B in stablecoin capitalization, this move could boost adoption. TRON leads P2P payments with nearly double Ethereum’s transactions. #CryptoNews
Tron’s @justinsuntron to launch gas-free stablecoin transfer solution on Tron in Q4 2024, expanding to Ethereum and other blockchains. This could cut transaction costs and boost stablecoin adoption. #CryptoNews #Stablecoins #Update
