Cryptocurrency Market

Cryptocurrency Market

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  • Market Cap: $3,692,759,229,375.61
  • 24h Vol: $319,226,714,100.53
  • BTC Dominance: 51.99%

Stablecoin

curve-finance-proposal-eyes-reducing-tusd-exposure-after-sec-settlement

Curve Finance Proposal Eyes Reducing TUSD Exposure After SEC Settlement

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Curve Finance is evaluating a proposal to reduce its reliance on the stablecoin TUSD following the resolution of U.S. Securities and Exchange Commission (SEC) charges against Trusttoken Inc. and Truecoin LLC, the companies behind the dollar-pegged token. TUSD Faces Removal From Curve Finance Pegkeeper The proposal, authored by Wormhole Oracle, suggests slashing the debt ceiling […]

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Crypto-Friendly Digital Bank Revolut Set to Launch Its Own Stablecoin

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Crypto-friendly digital bank Revolut is set to launch its own stablecoin, marking a significant expansion of its crypto offerings. This move positions Revolut alongside major players like Paypal, Ripple, and Bitgo in the highly competitive stablecoin market. The London-based fintech company, which holds a UK banking license, aims to ensure compliance and safety with this

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stablecoin-economy-expands-$1.08b-in-2-weeks-despite-reductions-in-key-coins

Stablecoin Economy Expands $1.08B in 2 Weeks Despite Reductions in Key Coins

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In the past 15 days, the stablecoin economy experienced modest yet steady expansion, adding $1.08 billion to its overall value. During this time, tether’s market capitalization increased by 790 million. Modest $1.08B Growth in Stablecoin Market Since Aug. 23 Growth in the stablecoin economy has slowed, though it continues to expand, as highlighted by recent

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Ethena’s USDE Sees Market Cap Shrink by $770M in Less Than 2 Months

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Based on the latest data, Ethena’s yield-generating stablecoin, USDE, has experienced a dramatic contraction in supply since July 4, 2024. Over the span of less than two months, its market capitalization has decreased by $770 million. Ethena’s USDE Supply Plummets as Competition Heats Up From Aug. 23 to Aug. 30, the stablecoin economy expanded from

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Defi Giant Makerdao Rebrands as Sky, Introduces USDS Stablecoin and SKY Token

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The decentralized finance (defi) lending platform Makerdao is embracing a new identity, rebranding as Sky, according to co-founder Rune Christensen. Along with the fresh name, the platform will introduce two new assets: a stablecoin dubbed USDS and a governance token named SKY, both slated for a mid-September launch. Sky Unveils USDS and SKY Tokens Amid

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Paypal’s PYUSD Stablecoin Reaches $1 Billion Market Cap in Just Over a Year

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On Aug. 26, Paypal’s PYUSD stablecoin hit the $1 billion mark for the first time since its launch in August 2023. Initially rolled out on Ethereum, PYUSD has seen a significant shift, with most of its tokens now issued on Solana. Paypal’s PYUSD Surpasses $1 Billion Market Cap Recent data shows that the market cap

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Wyoming Aims to Launch ‘Dollar-Dependent’ Stablecoin in Q1 2025

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Wyoming plans to launch a dollar-based stablecoin, the Wyoming Stable Token, in Q1 2025. The digital asset aims to provide faster and cheaper transactions for individuals and businesses in the state. Governor Mark Gordon emphasizes the importance of adopting this “dollar-dependent” stablecoin to stabilize the market and bring debt onshore. A Faster and Cheaper Way

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Yellow Card, Fireblocks Partner to Streamline African Cross-Border Payments

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Yellow Card, a leading stablecoin platform, has partnered with Fireblocks, a digital asset infrastructure provider, to improve cross-border transactions in Africa. By leveraging Fireblocks’ technology, Yellow Card aims to provide secure and efficient on-chain solutions for businesses and individuals. This includes using Fireblocks’ Wallets-as-a-Service (WaaS) to manage and protect customer assets. This partnership addresses the

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tether-to-launch-uae-dirham-pegged-stablecoin

Tether to Launch UAE Dirham-Pegged Stablecoin

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Tether, the major stablecoin issuer, has announced plans to launch a new stablecoin pegged to the United Arab Emirates Dirham (AED). This initiative, in collaboration with the UAE-based Phoenix Group, aims to provide a secure and efficient means of transacting in AED, catering to both businesses and individuals. The new stablecoin will be fully backed

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tether-slams-celsius-network’s-‘baseless’-$2-billion-lawsuit

Tether Slams Celsius Network’s ‘Baseless’ $2 Billion Lawsuit

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Stablecoin issuer Tether has slammed the”baseless” claims that it illegally liquidated Celsius Network’s bitcoin collateral. Tether accused the crypto lender of trying to “improperly impose the costs of Celsius’ mismanagement and failure on Tether.” Shameless Litigation Stablecoin issuer Tether Holdings Ltd. has rejected the “baseless” claims by the bankrupt crypto lender Celsius Network that the

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