PayPal Stablecoin Surges to $1.3B on Tron
PayPal’s PYUSD stablecoin expands to nine blockchains, including Tron and Avalanche, with LayerZero support; current market cap is $1.3 billion. #Update #Crypto
Stablecoins
Related to cryptocurrencies pegged to stable assets like fiat currencies or gold to reduce volatility.
USDT Payments Launched by Toyota Yamaha
Toyosa, exclusive dealer for Toyota and Yamaha in Bolivia, now accepts $USDT payments via QR code, partnering with Towerbank and Bitgo. #Update #Crypto $USDT
Tether Addresses Uruguay Power-Cut Concerns
Tether is winding down its mining operations in Uruguay due to unresolved negotiations with UTE over high energy costs. #Update #Crypto $USDT
Stablecoin Battle Heats Up Amid JPMorgan Insights
The $270 billion stablecoin sector remains under 8% of crypto’s market cap, with Tether launching USAT to meet U.S. regulations as competition intensifies against Circle’s USDC. #Update #Crypto $USDT $USDC
MetaMask Token Launches After mUSD Stablecoin
@Consensys CEO Joe Lubin announced the upcoming launch of MetaMask’s MASK token, expected sooner than anticipated, focusing on decentralization rewards for active users. #Update #Crypto $MASK
XRP-Backed Stablecoin Protocol Launches via Liquity Fork
Enosys launched an XRP-backed stablecoin protocol on Flare using Liquity V2, allowing FXRP deposits for minting stablecoins. #Update #DeFi $XRP
XRP Launches First Backed Stablecoin Boosting Utility
@FlareNetworks announces the launch of the first XRP-backed stablecoin on Enosys Liquity V2, enhancing liquidity and utility for $XRP holders. #Update #Crypto $XRP
Treasury Approves GENIUS Act for Stablecoin Regulations
The U.S. Treasury Department is seeking public input on the GENIUS Act’s stablecoin regulations until October 20, focusing on compliance and oversight issues. #Update #Crypto $USDC
Ethereum Integrates Stablecoin Payments Boosting Efficiency
@SpaceTimeFoundation integrates $USDC for zero-knowledge data processing payments, enhancing developer experience. #Update #Crypto $USDC
Binance Sees Billions in Stablecoin Influx
Binance reports over $2.1 billion in stablecoin inflows, with average USDT deposits from whales at $214,000; nearly 50% of altcoin deposits occurred on the platform last week. #Update #Crypto $USDT
PayPal Launches $1.3B Stablecoin on 9 Blockchains
@PayPal’s U.S. dollar stablecoin, PYUSD, expands to nine new blockchains via LayerZero integration, increasing its supply to $1.3B. #Update #Crypto $PYUSD
USDC Battles Tether in $650B Showdown
Tether launches USA₮ to compete with USDC following the GENIUS Act, aiming for a share of the projected $650B U.S. stablecoin market by 2027. #Update #Crypto $USDT $USDC
Australia Eases Rules for Stablecoin Intermediaries
The Australian Securities and Investments Commission grants regulatory relief to stablecoin intermediaries, exempting them from separate financial services licenses for distributing licensed issuers’ crypto. #Update #Crypto
Avalanche Launches KRW1 Stablecoin by BDACS
South Korea’s BDACS launched KRW1, the first Korean won-backed stablecoin on the Avalanche blockchain, fully backed by reserves at Woori Bank. #Update #Stablecoin $AVAX