Global #stablecoin

The central bank of the Philippines is initiating controlled trials for a national stablecoin tied directly to the local currency.

David Schwartz, Ripple's Chief Technology Officer, has offered clarification regarding the timeline for the launch of Ripple's stablecoin.

According to recent findings by Visa and data platform Allium Labs, less than 10% of stablecoin transaction volumes are deemed organic or originating from genuine individuals.

The largest stablecoin in the world, Tether, announced that it has partnered with Chainalysis, a blockchain data platform, to track secondary market activity and thwart illegal activities.

Because DUSD is almost solely utilized as a trading pair on Binance, it has grown to become the fourth-largest stablecoin by market capitalization.

In the face of increased regulatory scrutiny, Tether, the company behind the stablecoin USDT, said that it had diversified into four new business areas.