Ripple becomes the main competitor of Tether and USDC with RLUSD stablecoin
Ripple Labs has announced the launch of Ripple USD (RLUSD), a stablecoin pegged to the US dollar. It is expected that this cryptocurrency will receive approval from the New York State Department of Financial Services (NYDFS) and will become available on December 4. The launch of RLUSD comes amid Ripple’s long-running battle with the U.S.…
Bleap: a blockchain startup from former Revolut employees offers Mastercard payments without fees and cashback up to 2%
A team of former Revolut employees — João Alves and Guilherme Gomes — has raised $2.3 million in pre-seed investment to create the Bleap app. The developers call it a «bank account on the» blockchain. The leader of this round of funding was Ethereal Ventures, founded by Joe Lubin, the creator of Consensys. The investors also include Maven11,…
Tethember: the company behind the most popular USDT stablecoin will release two new products in November
Tether Chief Executive Officer (CEO) Paolo Ardoino said that the company preparing to launch two new products this month, which it has named Tethember. But he is he added that the launch may be delayed by about 7 days amid the US presidential election on November 5.
Paxos launches USDG regulated stablecoin and names it «global dollar»
Last July, blockchain company Paxos Global received permission from the Monetary Authority of Singapore (MAS) to issue a stablecoin in partnership with the country’s largest bank — DBS. On October 31, Paxos confirmed the launch of a localized Singaporean stablecoin, Global Dollar (USDG), on the Ethereum blockchain, designed to support…
Solana launches sUSD stablecoin with a yield of 4-5%
The Solana platform has launched sUSD (Solayer USD), the first stablecoin of its kind backed by US Treasury bonds. The first synthetic RWA-stablecoin not only maintains a stable 1:1 exchange rate against the US dollar, but can also generate 4-5% annualized yield, making it more attractive than conventional stablecoins (looks like difficult times…
Wall Street is preparing a Tether USDT «killer»
It would seem that recently Tether has enough negativity already. Protos analysts have even calculated that since 2015, Tether has attracted the attention of the US authorities 19 times.
Tether denies allegations of illegal USDT operations
Tether CEO Paolo Ardoino denies that his company is under investigation by US federal agencies. In his posts on the X platform, he commented the Wall Street Journal (WSJ) publication which refers to a possible investigation of Tether’s activities for violating anti-money laundering laws and non-compliance with sanctions.
The stablecoin hryvnia UAHg has been integrated with Trust Wallet
The stablecoin hryvnia UAHg, launched last year, received integration with Trust Wallet. All functions are available in the decentralized wallet, including transactions, exchanges, and investment opportunities. Bonuses are also available to users.
New Tether records: $120 billion in capitalization, 36 million new users and 10 years on the market
The market capitalization of Tether’s USDT stablecoin has reached a record $120 billion, signaling a potential cryptocurrency the bull rally in October, also called Uptober. This is potentially evidenced by the fact that the price of bitcoin has started to rise, reaching $69,400 on October 21. This is very close to the record of $73,737. I…
A billion-dollar deal: Stripe acquires crypto startup Bridge
American technology company Stripe is in talks to acquire crypto startup Bridge for $1.1 billion. If the deal is finalized, it will be the largest acquisition in the history of Stripe and the crypto industry in general.
Cryptocurrency activity has reached an all-time high, — a16z crypto
According to the «Cryptocurrency State of the Art Report» by a16z crypto, the activity and use of cryptocurrencies reached record levels. In September, 220 million addresses interacted with the blockchain at least once, and this figure has more than tripled since the end of 2023.
Is TUSD stablecoin — dangerous? Curve Finance may remove it from the list of crvUSD collateral assets
Curve Finance, a decentralized exchange for trading stablecoins (DEX), is considering removing TrueUSD (TUSD) from the list of support tokens for its own Curve USD (crvUSD). This decision is due to concerns about the stability of TUSD. It is also planned to reduce the issue of crvUSD using the PayPal stablecoin (PYUSD) from $15 million to $5…
Fintech giant Revolut is preparing its own stablecoin
While everyone is sounding the alarm about dubious activities and lack of transparency of the issuer of the top stablecoin UDST — Tetherwhose collapse could bring down its competitors, Revolut suddenly announces its intention to launch its own label.
Will Tether become the new FTX? Crypto market on the verge of disaster
Tether, the issuer of the top stablecoin USDT, has been at the center of numerous scandals and investigations over the years due to its non-transparent operations. The main concern of regulators and investors is the lack of a full independent financial audit of the company. Although Tether writes about transparency on its website and assures…
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