BitGo Set to Launch Reward-Bearing USDS Stablecoin in 2025
BitGo to introduce a new stablecoin, USDS, offering liquidity rewards in January 2025. USDS will reward ...
Tag: Stablecoin News
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.
Circle’s USDC To Go Live on Sui Network, Utilizing CCTP
Circle CEO Jeremy Allaire announced the launch of USDC stablecoin on Sui Network soon. This initiative ...
Circle, Sony Block Solutions Labs to Enable USDC on Soneium
Circle announces its collaboration with Sony Block Solutions Labs to enable USDC on Soneium. Bridged USDC ...
BBVA Swiss Branch Rolls Out USDC for Institutional Investors
BBVA now offers USDC in Switzerland, enhancing efficiency for institutional clients. USDC streamlines transactions and enhances ...
Ripple to Launch Stablecoin RLUSD, Challenging USDT and USDC
Ripple's dollar-pegged stablecoin, RLUSD, is set for public release within weeks. RLUSD is aiming to rival ...
Binance Lists MiCA-Compliant Eurite (EURI), Offers Zero-Fee Promotions
Binance lists MiCA-compliant EURI stablecoin, starting trading from August 28. The exchange offers zero-fee promotions for ...
Stablecoin Market Cap Hits $168B After 11 Months of Growth
Stablecoin market cap hits a new high of $168B after 11 consecutive months of growth. Tether ...
Ethereum Co-founder Buterin Vision for DeFi and Stablecoins
Vitalik supports DeFi but stresses sustainability over temporary token incentives. USDC's widespread use aids the transition ...
Japan’s DMM to Launch Stablecoin, Rivals Ripple’s RLUSD
Partnering with Progmat, DMM plans a stablecoin under Japan’s new digital asset laws. The new stablecoin ...
Tron Removes 12,000 BTC from USDD Collateral Without Vote
USDD removed 12,000 Bitcoin from its collateral without a Tron DAO governance vote. Justin Sun says ...
DeFi User Loses $55 Million in DAI to Phishing Attack
Crypto holder loses $55M in DAI via a sophisticated phishing attack involving a manipulated DeFi Saver ...
Review on USDC: A Stablecoin Bridging Crypto and US Dollar
There are various types of cryptocurrencies, such as meme coins and privacy coins, but one category ...
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