? $LUNC burns 726M USTC post-proposal approval; tokens jump 2%. Narrow vote: 27.23% for, 48% abstained. Future burns face Oct 31 court challenge. Community delegators show strong support with 92% backing. More burns ahead.
Revolut, valued at $45B and now a UK bank, is developing a stablecoin amid booming demand. Despite growth, 75% of last year’s crypto scam transactions involved stablecoins. Revolut’s move could push further innovation in the financial sector.
Revolut plans to launch its own stablecoin, joining industry leaders like $XRP, @PayPal, and @BitGo. With a market cap of $161.2 billion, stablecoins are gaining traction. This move highlights Revolut’s focus on compliance and security.
EURe stablecoin launches on Noble network, enabling seamless bank-crypto transactions and broad access across the Cosmos ecosystem. Holding 47.8% market share among euro-pegged stablecoins, EURe sets a new standard for digital payments.
$LUNC’s v3.1.5 upgrade includes a critical security fix and enhanced transaction efficiency. @Binance supports the upgrade by suspending deposits/withdrawals temporarily. Despite the upgrade, $LUNC and $USTC prices dipped due to broader market sentiment.
BitGo to launch $USDS stablecoin in Jan 2025, backed by Treasury bills, overnight repos, and cash. USDS will reward institutions for liquidity provision, sharing monthly returns from assets. BitGo targets $10B in assets within a year.
TON Foundation collaborates with Curve Finance to enhance stablecoin trading using CFMM technology. Toncoin price rises 2.31%, with trading volume up 8.84%, signaling increased market interest. Potential rally could see $TON break the $8 mark.
Sony’s Soneium blockchain integrates $USDC as its native stablecoin, enhancing value exchange in digital entertainment and finance. This partnership with Circle and platforms like Chainlink boosts Soneium’s growth and Web3 adoption.
Justin Bons, founder of Cyber Capital, alleges Tether is a $118B scam, surpassing FTX and Madoff. He criticizes $USDT for lack of transparency and warns its collapse could be disastrous, urging the crypto community to avoid it.
Validator Vegas Morph’s new plan to re-peg $USTC to $1 boosts $LUNC price by 15%, driven by token burns, the Tax2Gas upgrade, and enhanced security. Key upgrades aim to stabilize $USTC, with community engagement crucial for future growth.
Tether, Circle, and others have blacklisted addresses linked to North Korean hackers, freezing $4.96M in stablecoins. Exchanges froze an additional $1.65M. Lazarus Group is suspected of a $20M theft from Indodax.
USDT supply on the $TON blockchain hits $729M in just four months. Low fees and strong user adoption boost P2P and DeFi growth, with platforms like Ston.Fi and Dedust leveraging USDT for liquidity and trading activities.
Tether appoints Jesse Spiro, ex-PayPal and Chainalysis, as Head of Government Affairs to enhance regulatory relations amid transparency scrutiny. Tether plans to double its workforce, aiming for better accountability and growth in the digital economy.
Singapore’s $1 billion XSGD stablecoin surge shows retail confidence with 75% of transactions under $1M. Regulatory improvements by MAS and Paxos’s approval for digital payment token services are key drivers. Concerns over traditional banking boost stablecoin interest.
