Tether Aims to Raise $20B Valuation Boost
@Tether is seeking to raise $15B-$20B for a 3% stake, aiming for a $500B valuation. USDT’s market cap is $172.8B, with $4.9B profit reported in Q2. #Update #Crypto $USDT
Stablecoins
Related to cryptocurrencies pegged to stable assets like fiat currencies or gold to reduce volatility.
Solana Launches Kazakhstan’s National Stablecoin with Mastercard
Kazakhstan has launched its national stablecoin, Evo (KZTE), pegged to the tenge, in collaboration with @Intebix and Eurasian Bank, supported by Mastercard and Solana blockchain. #Update #Crypto $SOL
Stablecoin Neobank Plasma One Launches
Plasma unveils Plasma One, a stablecoin-native neobank and card for global users to access digital dollars. Instant onboarding targets high-demand markets like Istanbul, Buenos Aires, and Dubai. #Update #Fintech
Solana Launches Kazakhstan’s Tenge Stablecoin
Kazakhstan launches the Solana-based Evo stablecoin, seen as a national stablecoin to connect crypto with traditional finance, in collaboration with Mastercard. #Update #Crypto $SOL
Stablecoin Launches as Societe Generale Chooses Bullish
@SocieteGenerale-FORGE lists its USD CoinVertible ($USDCV) stablecoin on Bullish Europe, while U.S. access remains restricted pending regulatory clarity. #Update #Crypto $USDCV
Stablecoin Cold War: East vs West Battle
MetaMask’s mUSD, the EU’s digital euro, and Hong Kong’s AxCNH are competing for a share of $2-$4 trillion in annual on-chain payments as regulatory frameworks evolve. #Update #Crypto $USDT
PayPal Launches New Stablecoin Initiative with Plasma
@PayPal, @PlasmaFDN, and @hydration_net launch new stablecoin initiatives targeting the $280 billion market, enhancing financial inclusion and DeFi capabilities amid evolving regulatory frameworks. #Update #Crypto $PYUSD $DOT
Stablecoin Launches First Neobank for Emerging Markets
@Plasma has launched Plasma One, a neobank for stablecoin users, offering zero-fee USDT transfers and card rewards, targeting financial inclusion in emerging markets ahead of its mainnet beta launch on Sept. 25. #Update #Crypto $USDT
Plasma Launches Stablecoin Neobank Post-Mainnet
Plasma’s stablecoin blockchain will launch its mainnet beta on September 25, followed by the rollout of its neobank, Plasma One, offering 4% cashback and over 10% yield. #Update #Crypto
Tether Expands USDT Use in Bolivia
Toyota and Yamaha now accept $USDT in Bolivia, while Tether ends mining operations in Uruguay; Moneygram launches stablecoin remittances in Colombia. #Update #Crypto $USDT
Tether Adoption Soars as Reserves Decline in Bolivia
Three major automakers, @Toyota, @Yamaha, and @BYD, now accept $USDT in Bolivia amid US dollar reserve declines. This marks a significant crypto adoption step as local businesses increasingly rely on stablecoins. #Update #Crypto $USDT
USDe Stablecoin Supply Surges Over $13B
@YZiLabs deepens its investment in Ethena Labs, boosting USDe’s supply to over $13B. This expansion includes new products bridging crypto and traditional finance. #Update #Crypto $USDe
CNH Stablecoin Launches Amid Global Race
@AnchorX launched AxCNH, the first regulated offshore yuan-pegged stablecoin, at the Belt and Road Summit. @BDACS introduced KRW1, a Korean won-pegged stablecoin. Both are overcollateralized. #Update #Crypto $USDT
Stablecoin Adoption Surges to $4T Volume
Stablecoin adoption is rising, with 13% of firms using them for cross-border payments post-GENIUS Act; 54% plan to adopt within a year, potentially facilitating $4.2T by 2030. #Update #Crypto $USDC