Stablecoin Financial News

28.09 / 10:39

Stablecoin PayPal Paxos Crypto.com PYUSD Crypto.com, PayPal and Paxos Partner for PayPal USD Integration – Here's What You Need to Know

Payments and cryptocurrency exchange Crypto.com is integrating PayPal USD (PYUSD) establishing it as a ‘preferred’ exchange for the stablecoin.

26.09 / 19:57

Government Stablecoin Adoption Analysis economy economics Opinion Support CBDCs could support a more stable economy — if banks pull the strings

Central Bank Digital Currencies (CBDCs) have become well-established as a major talking point in the academic mainstream and geopolitics — not to mention the crypto community and its rowdy public discourse on X. While national leaders and supranational financial institutions such as the World Bank and International Monetary Fund have come to a broad consensus that CBDCs stand to provide great benefits, very little has been said detailing where CBDCs are best designed to provide support, and where their adoption may be, so to speak, out of bounds.

26.09 / 18:54

Blockchain Ethereum Stablecoin defi Europe European Union Euro Circle launches native euro stablecoin on Stellar

Stablecoin issuer Circle has launched a Stellar network version of its euro-backed stablecoin, EURC, according to a Sept. 26 announcement. EURC was previously only available on the Ethereum and Avalanche networks.

26.09 / 17:45

Stablecoin regulation Federal Reserve Terra Luna Reserve Financial US Federal Reserve Banks say stablecoins could ‘become a source of financial instability’

The Federal Reserve Banks of Boston and New York published a staff report on Sep. 26 comparing stablecoins, such as USDT and USDC, to money market funds. Key findings in the report include the observation that stablecoins and money market funds follow similar patterns during runs and that stablecoins could inject instability into the broader financial system.

26.09 / 07:45

Stablecoin Binance Collaborates With Banking Giants to Launch Stablecoins in Japan

Binance has announced plans to launch stablecoins denominated in the dollar, euro, and yen in Japan.

26.09 / 04:39

business Stablecoin Binance Crypto exchange Binance among firms eyeing new stablecoins in Japan

Crypto exchange Binance is teaming up with Japan’s largest bank, the Mitsubishi UFJ Trust and Banking Corporation (MUTB), to explore the issuance of stablecoins in Japan.

24.09 / 06:43

Stablecoin Adoption Voting LUNC Terra Terra Classic community elects to cease USTC minting

The Terra Classic community has voted in favor of ceasing all minting and reminting activities related to TerraClassic USD (USTC), with the objective of reestablishing a stable peg between USTC and the U.S. dollar.

22.09 / 14:21

business Stablecoin Adoption Payments Investments Trading safe Stablecoin exodus: Why are investors fleeing crypto’s safe haven?

In a year filled with uncertainty in the cryptocurrency space, a new trend has been unraveling: a stablecoin exodus that has now lasted for 18 consecutive months and has seen the market dominance of stablecoins drop to 11.6%.

22.09 / 08:43

markets Stablecoin inflation Bitcoin Bitcoin Price Time Bitcoin blasts past its 2021 all-time high in Argentina, but hyperinflation outpaces gains

Argentina has grappled with hyperinflation for several decades due to failed policies that have led to budget deficits. As time marches on, the likelihood of Argentina — home to 47 million people — facing a full-scale currency collapse looms. But what are the prospects for increased adoption of Bitcoin (BTC), given its outstanding track record when priced in the local Argentine peso currency?

21.09 / 16:25

Stablecoin Binance regulation Europe European Union MICA compliance Binance plans to delist stablecoins in Europe, citing MiCA compliance

An executive at cryptocurrency exchange Binance said in a public hearing with the European Banking Authority (EBA) that it plans to delist stablecoins for the European market by June 2024.

21.09 / 15:03

Stablecoin Binance regulation Europe European Union MICA compliance Binance plans to delist stablecoins in Europe citing MiCA compliance

An executive at the cryptocurrency exchange Binance said in a public hearing with the European Banking Authority (EBA) that it plans to delist stablecoins for the European market by June 2024.

21.09 / 10:07

business Blockchain Stablecoin Tether Tether 2023 stablecoin loans rise despite downsizing announcement in 2022

Tether, the largest stablecoin issuer in the crypto market, has seen a rise in its stablecoin lending, or secured loans, in 2023, despite the firm having announced it will cut such loans down to zero in December 2022.

20.09 / 18:47

business Stablecoin Payments PayPal Dollar PayPal rolls out PYUSD stablecoin to Venmo users

Major United States-based payment processor PayPal has announced its PYUSD stablecoin is now available on Venmo.

19.09 / 14:23

Blockchain Stablecoin Altcoin Polkadot Circle Usd Coin USDC stablecoin Circle launches USDC stablecoin on Polkadot Asset Hub

USD Coin (USDC), the second-largest stablecoin by market capitalization after Tether (USDT), continues expanding across different blockchain networks, now being launched on Polkadot.

15.09 / 19:25

Stablecoin Adoption defi Polygon coinbase zk Coinbase CEO stands up for DeFi, Polygon says $1B ZK-rollup paying off: Finance Redefined

Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you the most significant developments from the past week.

15.09 / 13:19

Stablecoin ANZ ANZ Leverages Chainlink’s Protocol to Complete Tokenized Assets Transaction using Native Stablecoin

Australia’s big four bank ANZ is advancing towards a greater adoption of tokenized assets, after successfully completing a test transaction in collaboration with Web3 services platform Chainlink.

15.09 / 05:17

Stablecoin defi MakerDAO Maker DAI Decentralized stablecoins could dominate crypto: MakerDAO founder

Decentralized stablecoins may eventually dominate the stablecoin market, so long as crypto “ends up living up to its potential,” says Rune Christensen, the co-founder of DeFi pioneer MakerDAO.

14.09 / 06:25

Stablecoin Federal Reserve Paxos Cryptocompare Crypto derivatives Crypto derivatives volumes surge to $3.12 trillion in July - CryptoCompare

Cryptocurrency derivatives trading on centralised exchanges rose to $3.12 trillion in July, a 13% monthly increase, researcher CryptoCompare said on Thursday, as crypto prices show signs of recovery from the recent market crash. The derivatives market now makes up 69% of total crypto volumes, up from 66% in June, and helped push overall crypto volumes on exchanges to $4.51 trillion in July, CryptoCompare said. Derivatives exchanges traded as much as $245 billion on July 29, 9.7% more than June's top daily high of $223 billion. But spot cryptocurrency trading edged lower to $1.39 trillion in July, a 1.3% monthly decline and the lowest since December 2020, CryptoCompare said.

13.09 / 10:39

business Ethereum Stablecoin PayPal Paxos PayPal USD Backed PayPal PYUSD stablecoin is 100% backed: Paxos transparency report

Stablecoin issuer Paxos has published the first transparency report for the Ethereum-based stablecoin PayPal USD (PYUSD), stating that the coin is fully backed by assets.

13.09 / 10:39

business Blockchain Stablecoin Adoption wallet Africa Opera Opera browser debuts stablecoin wallet MiniPay in Africa

The web platform Opera revealed its plans to launch a non-custodial stablecoin wallet integrated into its mobile web browser which will be made available to its user base in Africa.

12.09 / 05:23

Stablecoin Adoption Tether Circle SVB DAI Stablecoin de-pegging plagued USDC and DAI more than others: Analysts

Dollar-pegged stablecoins are not immune to dropping their pegs, but some such as Circle’s USD Coin (USDC) and MakerDAO’s Dai (DAI), have been more prone to depegging than others, according to analysts at S&P Global.

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