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Stablecoin

Stablecoin Holdings Drop from 50% to Around 43% Among Investors: Bybit Report

According to Bybit’s Q2 Asset Allocation report, stablecoin holdings among institutional and retail investors decreased from 50.2% in December to 42.8% in May. The report indicates a decline in the...
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Former Consensys Employee Launches Stablecoin ‘USD3’

Jack Jia, formerly of Consensys and now co-CEO of Stable.com, has introduced USD3, a novel stablecoin with a “payments-first” approach, despite the current absence of a regulatory framework and market...
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Ripple to Launch USD-Backed Stablecoin in June? CTO David Schwartz Hints

Ripple appears to be gearing up for the launch of its long-awaited USD-backed XRP stablecoin, with hints dropped by the company’s CTO at a recent event. This revelation came to...
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Nick Van Eck’s Agora Stablecoin Raises $12 Million in Seed Funding Led by Dragonfly

Co-founded by Nick Van Eck, son of Jan Van Eck, Agora has secured $12 million in seed funding, spearheaded by Dragonfly, to introduce a new stablecoin. As revealed in Agora’s...
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Rep. Patrick McHenry Indicates Progress on Stablecoin Legislation Before Election

Rep. Patrick McHenry (R-NC), Chair of the U.S. House Financial Services Committee, has indicated forthcoming progress in stablecoin legislation ahead of the election. During a Coinbase event in Washington on...
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Bank for International Settlements Releases Executive Summary of Global Stablecoin Recommendations

The Bank for International Settlements (BIS) issued guidance on February 29 concerning the control, monitoring, and management of global stablecoin systems, as outlined in an executive summary. Acknowledging the potential...
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USD-Pegged Stablecoins Could Boost Dollar Dominance: Fed Governor

US Federal Reserve Governor Christopher Waller, previously cautious about cryptocurrencies, has adopted a more favorable view of dollar-pegged stablecoins. Addressing a conference in Nassau, Bahamas, Waller asserted that decentralized finance...
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Rep. French Hill Voices Optimism for Crypto Legislation Progress in 2024

U.S. House Representative and Chair of the Financial Services Subcommittee on Digital Assets, French Hill (R-AR), has expressed a positive outlook regarding the advancement of cryptocurrency-related legislation in 2024. At...
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Decentralized Platform Aave Wins Community Votes to Onboard PYUSD Stablecoin

Aave, a decentralized platform facilitating crypto borrowing and lending, is contemplating the inclusion of PayPal’s PYUSD stablecoins into its Ethereum pool. The platform put forth its integration proposal for the...
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Stablecoin Dominance Hits Lowest Since December 2021 Despite Record Monthly Supply

In December, the dominance of the entire stablecoin market cap experienced a decline, reaching 8.07%, marking the lowest market share since December 2021. This drop occurred despite the addition of...
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CryptoCurrencyUSDChange 1hChange 24hChange 7d
Bitcoin30,725 0.01 % 1.07 % 0.13 %
Ethereum3,480.6 0.10 % 6.09 % 15.09 %
Tether1.001 0.02 % 0.16 % 0.06 %
BNB582.38 0.11 % 6.35 % 14.88 %
Solana157.96 0.20 % 4.49 % 15.82 %
XRP0.5310 0.57 % 3.91 % 8.19 %

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