Global Dollar Network Launched to Boost Stablecoin Adoption
Several cryptocurrency exchanges like Anchorage Digital, Bullish, Galaxy Digital, Kraken, Nuvei, Paxos, and Robinhood launched the Global Dollar Network on
A stablecoin is a cryptocurrency that aims to maintain price stability by pegging its monetary value to a given fiat currency, typically on a 1:1 ratio. It can be backed by cash, cash equivalents, commodity values, or other financial instruments.
Stablecoins adopting cryptocurrencies as a direct replacement for conventional fiat currency requires stability. This currency can compromise a holder’s purchasing power. Stablecoins, such as Tether (USDT), USD Coin (USDC), Binance USD(BUSD), Dai(DAI), and TrueUSD(TUSD) are some of the popular stablecoins.
Stablecoins aim to keep the same price in a given currency, unlike other cryptocurrencies, which may fluctuate relative to the pegged currency. For example, a $1 stablecoin would maintain its price of $1. Get the latest news about Stablecoin from CryptoTale.
Several cryptocurrency exchanges like Anchorage Digital, Bullish, Galaxy Digital, Kraken, Nuvei, Paxos, and Robinhood launched the Global Dollar Network on
Launched by MakerDAO, DAI is a decentralized stablecoin pegged to the U.S. dollar.Unlike other stablecoins like USDT or USDC, DAI
Ripple has announced the exchanges that will take part in the launch of Ripple USD (RLUSD), a new dollar-backed stablecoin.
Ethena Labs, the company that developed the synthetic stablecoin USDe, has recommended adding Solana (SOL) to the assets that back
Good news awaits the members of the Shibarium community. The long-awaited stablecoin of the network is slated to be released
Ripple continues to make strides in its highly anticipated stablecoin Ripple USD’s (RLUSD) beta testing phase. In a recent development,
BitGo, a leader in crypto custody, is planning to enter the stablecoin market with a new offering called USDS. This
Circle CEO Jeremy Allaire announced that the USDC stablecoin will be launched soon on the Sui Network. According to an
Circle, a global financial technology firm, joins Sony Block Solutions Labs to enable USDC on Soneium. The collaboration aims to
BBVA, the renowned Spanish multinational bank, is enhancing its offerings for institutional clients by introducing Circle’s USDC stablecoin through its
Ripple CEO Brad Garlinghouse announced that the company’s dollar-pegged stablecoin, Ripple USD (RLUSD), is close to its public release. According
Binance, one of the world’s largest crypto exchanges, recently announced the listing of Eurite (EURI), the MiCA-compliant stablecoin. The platform
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