Solana Surges with $1B Stablecoin Boost
@SolanaNetwork added $1B in stablecoins, reaching $5B total, mainly $USDC, in December. #Update #Crypto @SolanaNetwork ↗ +4
Stablecoins
Related to cryptocurrencies pegged to stable assets like fiat currencies or gold to reduce volatility.
Bitcoin: Tether’s $780M Reserve Move
@Tether_to shifted 8,400 $BTC worth $780M to its reserve, marking its largest move since March. #Breaking #Crypto @Tether_to ↗ +8
Bitcoin Stablecoin Boost Avalon Labs Raises $10M
@AvalonLabs raised $10M in Series A led by Framework Ventures to expand its BTC-backed stablecoin USDa ecosystem, aiming to enhance BTC’s utility beyond a store of value; USDa reached $700M TVL this month. #Update #Crypto @AvalonLabs ↗ (+4)
Stablecoin Surge: US EU Banks Advance
Banks across the US and Europe, including @SocieteGenerale and @Visa, are increasing efforts to issue stablecoins due to regulatory clarity from MiCA and market demand, with SG-Forge and others launching Euro-backed stablecoins. #Update #Crypto @SocieteGenerale ↗ (+4)
Crypto Mining Banned in 10 Russian Regions
The Russian government imposed a six-year ban on crypto mining in 10 regions, including Dagestan and Chechnya, due to high power consumption, effective Jan. 1, 2025, to March 15, 2031, Tass reported. #Breaking #Legal @TassAgencyEn ↘ (-6)
USDT Compliance Questioned Amid EU Silence
@Tether’s $USDT not automatically MiCA-compliant as EU remains silent; MiCA ends Dec. 30, 2024, with an 18-month transition phase. #Update #Legal @Tether_to ↘ (-2)
Frax Stablecoin Vote: BlackRock BUIDL Backing
Vote to use @BlackRock’s BUIDL as a backing asset for the $FRAX stablecoin is live until Jan. 1, with unanimous support so far. #Update #Crypto @BlackRock ↗ (+4)
Stablecoin Ban Boosts Brazil Decentralization
Brazil’s ban on self-custodial stablecoins is expected to drive further decentralization, as crypto executives highlight challenges in enforcement and cite historical trends. #Update #Legal @Cointelegraph ↗ (+3)
Crypto Giants Invest $10M in Stablecoin
@Binance and @Kraken lead $10M Series A for @Usual’s stablecoin, $USD0, now with a market cap of $1.5B and real asset backing. #Update #Crypto @Usual ↗ (+6)
Tether Invests $775M in Rumble
Tether invests $775M in @Rumble, boosting video hosting and cryptocurrency initiatives with a $20M Bitcoin reserve, enhancing digital freedom.
Tether Investment Propels Rumble Stock Surge
@Tether_to invests $775M in @rumblevideo for decentralization, boosting Rumble stock 35.89% to $9.77 post-announcement (Dec 2023); deal closes Q1 2025 pending approval. #Update #Crypto @Tether_to ↗ (+35.89)
Tether Boosts Rumble Stock With $775M
Tether invests $775M in @RumbleVideo, sending stock up 50% to $7.50 per share (Oct 2023). $250M for growth, $525M for buyback. CEO Chris Pavlovski retains control, aligns with @Tether_to on decentralization. #Update #Crypto @RumbleVideo ↗ (+50)
Tether Unveils Hadron API Integration
Tether integrates Hadron API by Feb 2025, enabling seamless real-world asset tokenization. This $12B sector impact expands investment opportunities in crypto. @Tether_to #AssetTokenization #CryptoInnovation
Tether Invests in European Stablecoin Issuer
Tether invests in StablR to comply with Europe’s MiCA regulations, enhancing its market presence with MiCAR-compliant stablecoins EURR and USDR. This strategic move supports Tether’s alignment with Europe’s regulatory landscape, focusing on risk management and transparency.