Global #stablecoin

Recent on-chain data reveals a significant increase in stablecoin activity following recent market fluctuations. Tether (USDT) and Circle’s USD Coin (USDC) have both experienced substantial growth, reflecting their crucial roles in the cryptocurrency market's recovery and expansion.

Since its expansion to the Solana blockchain on May 29, PayPal USD (PYUSD) has experienced a dramatic 150% increase in its market capitalization, according to DefiLlama data. The stablecoin’s total market value has surged to $684 million, reflecting significant growth and adoption since its launch on Solana.

Ripple's approach to managing its XRP tokens has been a subject of interest and speculation within the cryptocurrency community. With 39.5 billion XRP tokens currently locked in on-ledger escrow, Ripple's strategy and market movements continue to influence XRP's price and broader market dynamics. This article explores Ripple's escrow system, recent market volatility, and ongoing developments.

In a bid to strengthen oversight of the cryptocurrency space, particularly focusing on stablecoins, the Bank for International Settlements (BIS) and the Bank of England have unveiled a new project named Pyxtrial.

A groundbreaking initiative by the Bank for International Settlements (BIS) and the Bank of England has unveiled Pyxtrial, a new system designed to deliver near real-time data on the liabilities and assets backing stablecoins.

The Bank for International Settlements (BIS) recently released new guidance aimed at regulating stablecoins, posing a significant challenge to the dominance of Tether (USDT) and USD Coin (USDC), the two largest stablecoins by market capitalization.

In the sometimes-volatile world of cryptocurrency, stablecoins offer a safe haven. But with USDT (Tether) and USDC (USD Coin) as the top contenders, which one reigns supreme? Let's break down their key features to help you decide.

Stablecoins, cryptocurrencies designed to maintain a stable value by pegging to a reserve asset like the US dollar, have emerged as a significant force in the digital finance landscape.

The Telegram-linked blockchain, TON, is experiencing a surge in Tether (USDT) adoption, with circulation surpassing $500 million. This milestone comes just two months after Tether introduced both its gold-backed XAUT and dollar-backed USDT stablecoin on the TON network.

Maker (MKR) isn't just a cryptocurrency, it's the governance token behind MakerDAO and its brainchild, Dai (DAI). MakerDAO is a decentralized organization that built Dai, a stablecoin pegged to the US dollar. Unlike traditional crypto's volatility, Dai aims for stability, making it useful for everyday transactions.

Curve Finance is a popular DeFi platform for swapping stablecoins. Convex Finance takes things a step further. It acts as a booster for Curve users, allowing them to earn amplified rewards on their Curve investments.

Franklin Templeton, a leading asset manager, is reportedly exploring the launch of a new private fund catering to institutional investors, offering exposure to alternative cryptocurrencies (altcoins) and staking rewards.