Stablecoin

BitGo has appointed Ben Reynolds, the former president of Silvergate Bank, to oversee its USD Standard stablecoin initiative. The company's objective is to increase global adoption and capitalize on Reynolds' extensive fintech experience…
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Coinbase's Ethereum Layer 2 network, Base, has been the driving force behind the rise of Circle's euro-backed stablecoin, EURC, which has achieved an all-time high supply of over 90 million.EURC has a market valuation of around $99.2…
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Stripe, a leading fintech company, has acquired Bridge, a stablecoin company, for $1.1 billion, its most significant acquisition to date. The action indicates that the payment provider is becoming increasingly involved in the…
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The lucrative potential of the $170 billion stablecoin market is motivating Robinhood and Revolut to contemplate the launch of stablecoins in order to broaden their crypto offerings.Revolut Ltd. and Robinhood Markets Inc. are…
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BitGo's USDS stablecoin will compete with major issuers such as Circle and Tether by distributing up to 98% of earnings to network supporters.BitGo, a cryptocurrency custodian that is supported by the banking behemoth Goldman Sachs, is…
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Through its digital banking service, Mercado Pago, Mercado Libre, the top e-commerce company in Latin America, has launched a new stablecoin anchored to the US dollar.Meli Dollar is a stablecoin that is intended to offer Brazilian…
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The USDC trading volume has increased to $23 billion in 2024, which is more than double the $9 billion from the previous year.The USDC stablecoin's trading volume has increased to $23 billion annually. This expansion coincides with an…
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The Legislative Council (LegCo) of Hong Kong is soliciting policy proposals for web3 and virtual assets in order to stimulate industry expansion.Johnny Ng, a LegCo member, recently posted on social media that the Council has created a…
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Well-known payment processor PayPal just announced the stablecoin PYUSD is now available on its Venmo platform.PayPal said that initially, just a subset of Venmo customers would have access to this stablecoin, but that everyone would…
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Stablecoin supply has decreased every month from UST's demise in May 2023.The stablecoin market is an excellent place to begin when attempting to summarize the previous several years in the cryptocurrency industry.Total stablecoin…
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