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...Read More
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...Read More
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...Read More
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...Read More
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...Read More
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...Read More
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...Read More
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...Read More
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...Read More
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...Read More
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