Ripple Unveils RLUSD Stablecoin Innovation #Crypto
Ripple Labs introduces the USD-backed stablecoin RLUSD, launching by end of 2024. RLUSD will operate on both XRP Ledger and Ethereum, enhancing interoperability. #Crypto #Stablecoin
Stablecoins
Related to cryptocurrencies pegged to stable assets like fiat currencies or gold to reduce volatility.
Ripple Introduces RLUSD Stablecoin for XRP Ecosystem #Crypto
Ripple CEO @bgarlinghouse announced the RLUSD stablecoin at the XRPL Community Summit. Pegged to the US dollar, RLUSD aims to stabilize XRP transactions, enhancing cross-border payments. #Crypto #XRP
Terra Luna Classic Implements Game-Changing Tax2Gas Proposal #Crypto
The Terra Luna Classic community overwhelmingly supports the “Tax2Gas” proposal, simplifying tax calculations for dApp developers. $LUNC jumps 4%, $USTC up 3%. #Crypto #Blockchain
Tether Plans $1 Billion Investments in 2023 #Crypto
Tether plans to invest over $1B in financial infrastructure, AI, and biotech, while maintaining 100% reserves. Launch of digital token-based bonds and stocks platform by 2024. #CryptoNews #Updates
Ripple Enhances Stablecoin Strategy with Key Acquisition Crypto
Ripple (@Ripple) has acquired Standard Custody & Trust Company to enhance its stablecoin infrastructure. This move strengthens Ripple’s digital asset custody and bridges blockchain with traditional finance. #Crypto #Ripple
Terra Luna Classic Allocates 256M LUNC to Labs
The Terra Luna Classic community has unanimously approved a proposal from Genuine Labs, allocating over 256 million LUNC tokens for development, including security upgrades and preventing p2p storms. #Crypto #LUNC
Paxos Introduces High-Yield USDL Stablecoin
Paxos International launches Lift Dollar (USDL) in Argentina, offering a 5% risk-free yield backed by US dollar deposits and Treasury bonds. Available on Ripio, Buenbit, and TiendaCrypto. #Stablecoin #Finance
Stablecoin Launch Predicted by Ripple President
Ripple President Monica Long reveals plans to enter the $161B stablecoin market by year’s end, focusing on regulatory compliance and institutional relationships. #CryptoNews #Blockchain
Tether Invests $18M in Cross-Border Exchange XREX
Cross-border payments startup XREX secures $18.75M from @Tether_to to boost USDT payments in emerging markets and launch XAU1, a gold-backed stablecoin. #Crypto #Fintech #Updates
Terra Luna Classic Surge: Genuine Labs Eyes $1 LUNC
Genuine Labs proposes to lead Terra Luna Classic development with monthly $10,000 LUNC maintenance, aiming for robust performance. Market sees potential 65% rally. #CryptoNews #LUNC
Frax Finance Founder Claims Hacker Stole X Account
Frax Finance founder Sam Kazemian reports an insider hacked their X account, affecting the FRAX USD-pegged stablecoin. Blockchain sleuth ZachXBT confirms it’s likely a social engineering breach. #CryptoSecurity #BlockchainNews
Tether Invests $150M in Bitcoin Mining Giant Bitdeer
Tether invests $150M in Bitdeer to expand Bitcoin mining. The deal includes $100M equity and $50M share option. Bitdeer ($BTDR) gains new data centers and mining farms. #CryptoNews #Bitcoin
“`html Bitdeer Secures $150M from Tether for Mining Rigs “`
Tether (@Tether_to) invests up to $150M in Bitcoin miner Bitdeer for data center expansion and ASIC-based mining rigs. This supports Tether’s diversification strategy and growth in crypto mining. #Bitcoin #CryptoNews
Tether Acquires $100M Bitdeer Shares, Eyes Extra $50M
Tether secures $100M in shares from Bitdeer, with an option for $50M more. Bitdeer’s stock jumps 4% to $6.08. Funds to boost Bitcoin mining tech. #Crypto #Updates