The payments altcoin XRP defied a brief crypto market cooldown and surged by more than 15% in 24 hours to close out Friday. The asset’s gains materialized after the French bank Societe Generale (SocGen) announced a plan to deploy its euro-pegged stab

Over the past 14 days since Nov. 2, an eye-popping $9.736 billion has flowed into the stablecoin economy, adding to the $555 million boost recorded in October. Near Record Highs: Stablecoin Economy Grows Stablecoins have cemented their role as a powe

Binance, the top global crypto exchange by trading volume, is rolling out support for the new native token of a decentralized fiat stablecoin issuer. Binance Launchpool, which lets users stake coins to farm new assets, says its 61st project will be U

Societe Generale-FORGE (SG-FORGE), the digital asset subsidiary of French banking giant Societe Generale, has announced plans to deploy its MiCA-compliant stablecoin, EUR CoinVertible (EURCV), on the XRP Ledger in 2025. The decision makes the XRPL th

Mountain Protocol, a yield-bearing stablecoin project, has partnered with the P2P exchange El Dorado to bring yield savings products to Latin American customers. Both organizations have teamed up to offer up to 4.5% APY for El Dorado Earn customers.

The London-based stablecoin startup BVNK is exploring a new funding round, aiming to raise $50 million, as investor appetite for the sector grows. Stablecoin payments firm BVNK is said to be in early discussions to raise at least $50 million…

Zug, Switzerland, 11th November 2024, Chainwire The post Virtual Assets Lab (VAL.com) Announces Next-Generation Stablecoin Management and Wallet Platform appeared first on Blockonomi.

Ripple Labs could be exploring the launch of a dirham-backed stablecoin in the United Arab Emirates (UAE), expanding beyond its existing US-dollar-backed stablecoin, RLUSD. This speculation arises following Ripple’s newest blog post dated November 7,

Ripple has transferred several amounts in RLUSD stablecoin from its Treasury to test the functionality and the liquidity before the official launch. According to Ripple Labs president Monica Long, the project is operationally ready but awaiting regul

Ripple plans to launch a Dirham-backed stablecoin in the UAE. The strategy may enhance Ripple's presence in regional markets. Continue Reading:Ripple Plans to Launch Dirham-Backed Stablecoin in the UAE The post Ripple Plans to Launch Dirham-Backed St

Crypto.com aims to expand its crypto offerings to include stablecoin and an exchange-traded fund (ETF) product in 2025. The Singapore-based exchange also revealed a plan to give customers access to traditional financial products like banking and stoc

Matt Hougan, Chief Investment Officer of Bitwise Asset Management, declared in an investor note today that the crypto industry has secured its place in the financial world, irrespective of the outcome of today’s US presidential election between Presi

Issued by Paxos in Singapore, Global Dollar USDG aligns with upcoming MAS regulatory standards and sets itself apart from other stablecoins. Under USDG’s model, network participants are rewarded based on contributions to network connectivity and liqu

Robinhood, Kraken, and Paxos launch the Global Dollar Network with USDG, a compliant stablecoin offering yield incentives for adoption. The post Robinhood and Kraken launch new global stablecoin network with Paxos’s USDG appeared first on Crypto Brie

The Global Dollar Network aims for broader stablecoin adoption. Major financial players collaborate to introduce USDG stablecoin. Continue Reading:Leading Companies Collaborate to Launch Global Dollar Network Stablecoin The post Leading Companies Col

Over the weekend, governance members of stablecoin exchange Curve started voting on a new proposal to direct up to 10% of fees generated by borrows from Curve’s stablecoin crvUSD to a vault dedicated for those using crvUSD to save. The proposal is an

The world’s largest stablecoin by market cap is reportedly potentially seeing a rise in adoption amongst sanctioned nations. Citing data from market intelligence platform Chainalysis, Bloomberg reports that stablecoin issuer Tether’s USDT is seeing i

A veteran crypto strategist is issuing a dire warning on Bitcoin, saying that BTC is in danger of plummeting to the $50,000 price level. In a new video update, pseudonymous analyst DonAlt tells his 62,500 YouTube subscribers that a Bitcoin weekly clo

Stablecoins are now primarily used to store value in countries with rapidly depreciating fiat currencies or prohibitive capital controls.

According to the latest data, the stablecoin economy now holds a value of $172.892 billion, with October adding $555 million to the fiat-pegged token market. Stablecoin Market Continues to Climb Last month saw stablecoins grow modestly, with the mark