BitGo Set to Launch Reward-Bearing USDS Stablecoin in 2025
BitGo, a leader in crypto custody, is planning to enter the stablecoin market with a new offering called USDS. This
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.
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
The stablecoin market has reached a new milestone, achieving an all-time high of $168 billion in market capitalization. This remarkable
Ethereum, known for its role as the foundation of decentralized finance (DeFi), has been the subject of much debate within
As Ripple Labs prepares to launch its dollar-pegged stablecoin RLUSD, Japan’s DMM Group is stepping into the spotlight with its
The decentralized stablecoin USDD, launched on Tron, has undergone a significant adjustment to its collateral backing. Arkham Intelligence, an analyst
Victim Loses Millions in Sophisticated Scam A cryptocurrency holder suffered a loss of $55 million in DAI stablecoins after falling
There are various types of cryptocurrencies, such as meme coins and privacy coins, but one category that stands out for
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