Aave’s tokenholder community is mulling a foray into Bitcoin mining in a bid to boost revenues and accelerate adoption of Aave’s stablecoin, according to a proposal in the decentralized finance (DeFi) protocol’s governance forum. The Jan. 15 proposa

Tether is launching a new cross-chain stablecoin, USDT0, in collaboration with Kraken. The token will largely focus on interoperability.The company is first launching USDT0 on Kraken’s Layer-2 network Ink. Subsequently, it will expand to Berachain an

Layer-1 stablecoin payments network 1Money has raised more than $20 million in seed funding to further develop its digital payments infrastructure. According to a Jan. 16 announcement, more than two dozen venture capital firms participated in the see

Startup 1Money announced on Wednesday that it has $20 million in seed funding to build a Layer 1 "exclusively designed" for stablecoin payments."The seed capital will power the launch of the 1Money Network, a next-generation payment network engineere

Justin Sun announced today that Tron will soon launch USDD 2.0, attempting to create a refreshed version of a former stablecoin.Sun pledged that this asset will offer users 20% APY, entirely subsidized by Tron, which has “plenty of money.” A suspicio

Startup 1Money announced on Wednesday that it has $20 million in seed funding to build a Layer 1 "exclusively designed" for stablecoin payments."The seed capital will power the launch of the 1Money Network, a next-generation payment network engineere

Stablecoin issuer Tether has filed a lawsuit against Bitcoin financial services company Swan Bitcoin, accusing the firm of “significant breaches” in their agreements. In a statement to Cointelegraph on Jan. 15, Tether, along with co-claimant 2040 Ene

Huione Guarantee, which has been labeled as “the largest online illicit marketplace to have ever operated” by crypto compliance firm Elliptic, has grown its monthly inflows by 51% in just half a year — boosted by its own USD stablecoin launch in Sept

Sky (formerly MakerDAO) subsidiary Spark Protocol is integrating Ethena’s USDe synthetic dollar into its “liquidity layer,” the protocols’ teams announced on Tuesday. As part of the partnership, Spark plans to allocate up to $1.1 billion of its balan

Circle’s USD Coin stablecoin outpaced all other stablecoins in terms of market capitalization growth in 2024, after a decline in 2023.The circulation of USD Coin (USDC) grew 78% year-over-year, outpacing the growth rate of all global stablecoins, Cir

Huione, a Telegram-based illicit marketplace that offers personal data and money laundering services has rolled out its own stablecoin, according to report by blockchain security firm Elliptic.The stablecoin (USDH) was created to “avoid the common fr

Cardano founder Charles Hoskinson confirmed today that the blockchain is considering integrating RLUSD, Ripple’s new stablecoin.Since its launch in December, RLUSD has gained considerable publicity for its efforts to become a leading stablecoin. Inte

Stablecoin issuer Tether announced that it would move the company and its subsidiaries to El Salvador after it had secured an operating license in the Latin American nation.In a Jan. 13 notice, Tether said it had acquired a license to operate in El S

Several banks in the Philippines are working together to create a peso-backed stablecoin, PHPX, aimed at improving cross-border payments and financial inclusion. The PHPX token is scheduled to launch between May and July.The PHPX stablecoin, develope

The EU's MiCA regulations, which came into effect on Dec. 30, will likely boost euro denominated stablecoins, JPMorgan said in a research report on Wednesday."Under MiCA, only compliant stablecoins can be used as trading pairs in regulated markets,

Usual, a decentralized finance (DeFi) stablecoin issuer, unveiled a major update to its USD0++ protocol on Jan. 9, introducing dual exit mechanisms designed to improve the long-term sustainability of the token.The changes are part of a broader strate

Ripple’s long-awaited U.S. dollar-pegged stablecoin, RLUSD, is finally here — leaving many wondering which major exchanges will list it next. Though Ripple’s senior vice president of stablecoins, Jack McDonald, played his cards close to his chest dur

Compound Finance is adding Ethena’s stablecoin and Mantle’s liquid staking token (LST) to its decentralized lending and borrowing platform, Mantle told Cointelegraph. On Jan. 8, Compound’s tokenholders voted to add stablecoin USDe and mETH, Mantle’s

Asset manager Galaxy and stablecoin issuer Agora completed the first over-the-counter transaction involving AUSD, Agora’s stablecoin, according to a Jan. 8 announcement. “This trade marks the transition of AUSD from proof-of-concept to real-world app

Ripple president Monica Long expects its Ripple USD (RLUSD) stablecoin to be listed on major crypto exchanges “imminently.”In a Jan. 7 interview with Bloomberg, Long confirmed that Ripple is actively pursuing additional exchange listings for RLUSD.