Tag: stablecoin
Stablecoin trading: Solana moves ahead of Ethereum for the first time
Stablecoin trading volume on Solana has surpassed $100 billion. And is ahead of Ethereum for the first time. Source: BTC ECHO The post Stablecoin trading: Solana ahead of Ethereum…
Big US banks could take on the stablecoin market with Tether-like models
©Reuters. NEW YORK – Arthur Hayes, co-founder and former CEO of BitMEX, recently shared observations that major US banks like JPMorgan (NYSE:) may be poised to make a significant impact…
Paxos will launch a stablecoin on the Solana blockchain in January 2024
© Reuters. NEW YORK – Paxos, a financial technology company regulated by the New York Department of Financial Services (DFS), has received approval to expand its stablecoin offerings to blockchain,…
Circle: Stablecoin provider launches EURC on Solana
Solana is the latest blockchain network on which Circle will operate its EURC in the future. Meanwhile, the competitive situation in Europe is increasing. Source: BTC ECHO The post…
S&P Global Gives Tether and its USDT One of the Worst Ratings in its Stablecoin Stability Report
Credit rating agency S&P Global, highly respected in the TradFi world, recently launched a rating system for stablecoins. This system aims to evaluate the ability of a stablecoin to maintain…
Ripple’s stablecoin pilot in Palau shows promising results
© Reuters PALAU – Ripple’s foray into the stablecoin space saw a positive first phase in Palau, as Jay Hunter Anson reported on Thursday. The pilot program, which began in…
Ripple’s stablecoin pilot in Palau shows promising results
© Reuters PALAU – Ripple’s foray into the stablecoin space saw a positive first phase in Palau, as Jay Hunter Anson reported on Thursday. The pilot program, which began in…
Circle partners with Nubank to promote USDC stablecoin in Brazil
©Reuters. SAO PAULO – In a bid to expand the reach of digital currencies in Latin America, Circle, the company behind the USDC stablecoin, has entered into a strategic partnership…
Société Générale launches the EUR stablecoin CoinVertible
© Reuters. LUXEMBOURG – Société Générale has made a notable entry into the digital currency space with the introduction of its own stablecoin, called EUR CoinVertible, on the Luxembourg exchange…
Unexpected price increase: Binance pays for stablecoin mess
copyright BTC-ECHO GmbH – All content, especially texts, videos, photographs and graphics, are protected by copyright Disclaimer: All content presented on the website is for informational purposes only and does…
Binance phases out $16 billion stablecoin BUSD, offers conversion to FDUSD
© Reuters. In a significant development in the cryptocurrency market, Binance announced that it will stop supporting its stablecoin BUSD, which currently has a market capitalization of $16 billion. The…
Binance is gradually removing support for the BUSD stablecoin, starting with XRP and BNB pairs
© Reuters. NEW YORK – Leading cryptocurrency exchange Binance is set to remove some trading pairs involving the stablecoin BUSD, starting with margined trading pairs XRP/BUSD and BNB/BUSD on November…