Stablecoins, central bank digital currencies and the new rails of digital cash.
While USDT continued its reign as the dominant asset on the Tron network in 2024, with its supply and transfer volumes reaching new heights, the network witnessed a significant shift towards decentralized finance (DeFi) activity. DeFi Growth on Tron: SunSwap Surge: The Tron-based decentralized exchange (DEX), SunSwap, saw a remarkable increase in activity, driving a … Read more
Tether, the issuer of the world’s largest stablecoin USDT, has announced the launch of USDT0, a significant milestone in its mission to revolutionize global finance. With over $140 billion in market capitalization, Tether has positioned itself as a cornerstone of the crypto ecosystem, enabling access to financial services for the unbanked and fostering the development … Read more
Coinbase has announced a partnership with decentralized money market Morpho to provide on-chain USD Coin (USDC) loans collateralized by Bitcoin (BTC). This service, facilitated on the Base layer-2 blockchain, allows users to borrow USDC by pledging their Bitcoin, which is automatically converted to Coinbase Wrapped Bitcoin (cbBTC) and transferred to Morpho. Loans are subject to … Read more
Bitcoin’s recent surge, while impressive, is accompanied by a notable slowdown in stablecoin inflows, suggesting growing investor caution. Historical Precedent: The Trump Pump Last year’s “Trump Pump” saw a dramatic increase in stablecoin supply, fueling a significant Bitcoin rally. This correlation highlights the crucial role of liquidity in driving crypto market momentum. Current Market Dynamics … Read more
Tether’s USDT, long the dominant stablecoin, is facing increased competition from USDC and FDUSD. USDC gains momentum: USDC’s supply surged by $954 million in the past month, surpassing USDT’s growth. Analysts attribute this to the positive impact of MiCA regulations, which have favored USDC issuers. FDUSD thrives in BTC trading: FDUSD commands 48% of BTC … Read more
Ripple’s RLUSD stablecoin experienced a significant increase in activity over the past 24 hours, with over 15 million RLUSD moved across various transactions. This surge coincides with recent market volatility, as investors seek safe havens for their assets. According to the Ripple Stablecoin Tracker, a community account monitoring RLUSD transactions, the majority of activity involved … Read more
The former prime minister of Thailand, Thaksin Shinawatra, said there’s “no risk” in allowing the trade of stablecoins and other tokens backed by tangible assets. He also urged regulators to legalize online gambling for an added revenue stream. According to Shinawatra, the Thai government is missing out on almost $4 billion (100 billion Thai baht) … Read more
Charles Hoskinson, founder of Cardano, has confirmed ongoing discussions with Ripple to potentially integrate RLUSD, Ripple’s recently launched stablecoin, into the Cardano blockchain. This move could significantly boost the adoption of both RLUSD and Cardano’s thriving DeFi ecosystem. RLUSD, a regulatory-approved stablecoin, has garnered significant attention since its debut. Its integration with Cardano, which already … Read more
Tether, the issuer of USDT, the leading stablecoin, has announced a major shift in its operations by relocating its headquarters to El Salvador. This move solidifies El Salvador’s position as a cryptocurrency hub and underscores Tether’s commitment to global expansion. El Salvador: A Beacon for Crypto El Salvador, the first country to adopt Bitcoin as … Read more
Ripple has integrated Chainlink Price Feeds to enhance the functionality and security of its stablecoin, RLUSD. By utilizing Chainlink’s decentralized oracle network, RLUSD users can now access real-time, reliable asset pricing data directly on-chain. Key Benefits: Enhanced DeFi Integration: Enables seamless integration of RLUSD into DeFi applications such as lending and trading platforms. Improved Security: Provides … Read more