Ripple Tests RLUSD Stablecoin on Ethereum and XRP Ledger
Ripple launches RLUSD in beta on XRPL and Ethereum, aiming to drive liquidity and institutional use ...
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.
BIS and Bank of England Introduce Pyxtrial to Tackle Stablecoin Scrutiny
Pyxtrial provides near real-time data for stablecoin monitoring, enhancing transparency and trust. The system's modular design ...
USD Stablecoin USDC Sees Surge in Market Presence as Supply Hits $34 Billion
USDC's market cap reaches $34 billion, indicating strong user confidence and demand. Enhanced liquidity facilitates stable, ...
Circle’s USDC Leads the Charge in Regulated Stablecoins with European Compliance
Circle’s USDC leads in regulated stablecoins, boosted by MiCA compliance and surging trading volumes in 2024. ...
PayPal Launches PYUSD on Solana For Fast and Low-Cost Payments
PayPal USD (PYUSD) is now available on Solana, making the stablecoin faster and cheaper. Users can ...
USDC Takes Lead in Stablecoin Transactions This Year, Surpasses Tether
USDC surpassed USDT in transaction volume for 2024, signaling a potential shift in stablecoin user behavior. ...
Tether’s USDT Maintains Strong Lead in Global Stablecoin Market
Tether holds a commanding 70.04% of the stablecoin market, maintaining a significant lead over competitors such ...
Stablecoin Market Recovers with $160B Cap, Nearing All-Time High
Stablecoin market cap rose to $160B, nearing the all-time high of $188B, signaling a strong recovery ...
Role of Stablecoins in the Crypto World
Stablecoins have emerged as focal points in the cryptocurrency realm owing to their rapid expansion and ...
Tether Expands Beyond Stablecoins with Four New Business Divisions
Tether announces strategic restructuring, creating four new divisions: Tether Data, Tether Finance, Tether Power, and Tether ...
Binance Converts Entire SAFU Reserve to USDC to Cement Stability
Binance has reallocated its Secure Asset Fund for Users (SAFU) to exclusively include USD Coin (USDC), ...
Crypto Storm Alert: Is Ethena’s USDe Stablecoin Ready for Market Turbulence?
Ethena's USDe faces potential funding risks as its market cap grows, necessitating a larger reserve fund ...
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