Ripple RLUSD Powers Vivopower’s Tembo Transactions
Vivopower’s Tembo e-LV adopts Ripple’s RLUSD for low-cost, instant cross-border payments in developing markets. #Update #Crypto
Stablecoin
StablecoinX Secures $890M for Ethena Ecosystem
@TLGYAcquisition and StablecoinX Assets Inc. secure $890M in PIPE financing for ENA treasury strategy, including $530M additional commitment. #Update #Crypto $ENA
Paxos Launches USDH Stablecoin for Buybacks
Paxos proposes issuing USDH, a Hyperliquid-first regulated stablecoin, aiming to enhance adoption within the Hyperliquid ecosystem. #Update #Crypto
USDH Launches as New Dollar Stablecoin
@Hyperliquid plans to launch USDH, a USD-backed stablecoin, pending validator vote. The platform aims to reduce trading fees by 80% and requires HYPE token lockup for spot quotes. #Update #Crypto $HYPE
Circle Stock Soars 175 on IPO Debut
@Circle’s shares surged 175% on NYSE debut, closing at $83.23; BlackRock plans to acquire 10% of the stablecoin issuer’s stock. #Update #Crypto $USDC (+7) ↗
Ripple USD Approved Dubai Crypto Expansion
@Ripple’s RLUSD stablecoin gains regulatory approval in Dubai’s financial free zone, boosting enterprise adoption and Ripple’s influence in the UAE’s digital asset sector. #Update #Crypto $RLUSD (+6) ↗
Stablecoin Circle Eyes $7.2B IPO Valuation
@Circle is targeting a $7.2 billion valuation in its upcoming IPO, with @BlackRock planning to acquire 10% of shares. #Update #Crypto $USDC (+6) ↗
Stablecoin Bill Approval Imminent in Senate
The U.S. Senate may approve the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act this week, impacting $250B stablecoin market cap with new regulations. #Update #Legal $USDT (+6) ↗
Stablecoin Market Nears $250B Milestone
The stablecoin market grew by $1.31 billion this week, nearing a $250 billion total market cap, just $2.42 billion away from the milestone. #Update #Crypto (+4) ↗
Crypto: Santander Unveils Stablecoin Services
@Openbank, part of Banco Santander, plans to launch stablecoins and expand crypto services, focusing on USD-pegged options for Latin America under MiCA regulations. #Update #Crypto (+4) ↗
Stablecoin Launch Gold-Backed USDKG Kyrgyzstan
Kyrgyzstan launches $USDKG, a gold-backed stablecoin, as part of its national Web3 strategy with government support and third-party audits for transparency. #Update #Crypto $USDKG (+6) ↗
Crypto Exchange Bitget Launches Yield-Bearing BGUSD
@Bitget launched BGUSD, a stable asset certificate offering a 4% annual yield, backed by tokenized real-world assets like money market funds and U.S. Treasuries. #Update #Crypto $BGUSD (+3) ↗
Crypto: Biden’s Impact vs Trump’s Plan
U.S. Treasury Secretary Scott Bessent announced the Trump Administration’s focus on crypto tokens tied to the U.S. dollar, potentially boosting demand for U.S. Treasury bonds. #Breaking #Crypto (+9) ↗
Stablecoin Launch Planned by US Banks
@JPMorgan, @BankofAmerica, @Citi, and @WellsFargo consider a joint stablecoin to streamline payments amid declining traditional banking demand. #Update #Crypto (+4) ↗