Uphold Drops USDT, GUSD, TUSD Amid EU Law
Uphold will stop supporting $USDT, $GUSD, and other stablecoins from July 1 due to new European MiCA regulations. Binance and Kraken are also adjusting policies in response to these changes. #cryptonews
Stablecoin
Gold-Backed XAUT Stablecoin Launched by Tether
Tether launches Alloy (aUSDT), a new stablecoin backed by Tether Gold (XAUt) and pegged to the US dollar. Stored in Swiss gold reserves, Alloy operates on Ethereum, featuring an over-collateralized synthetic issuance platform. This marks a major step for stablecoins. #CryptoNews
USDT Boosts Global Dollar Demand: Tether CEO
Paolo Ardoino, CEO of @Tether_to, emphasizes USDT’s role in boosting global dollar demand, serving over 300M people in unstable economies. Tether’s $500M investment in renewable energy for crypto mining aligns with sustainability goals. #Update
Bitcoin Sole Decentralized Crypto, Says Tether CEO #Crypto
Tether CEO Paolo Ardoino at BTC Prague 2024: “Bitcoin’s unmatched decentralization makes it a perpetual clock.” He critiqued meme coins and highlighted stablecoin regulation under MiCA. #Bitcoin #CryptoNews
Paxos Cuts Jobs, Focuses on Stablecoin Innovation
Paxos has cut its workforce by 20%, reducing to 65 employees, to focus on stablecoins and asset tokenization. Launched USDL in UAE, offering yields like U.S. Treasury bonds. #CryptoNews #Finance
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
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