Tag: stablecoin

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TUSD’s supply hits low as stablecoin struggles to maintain $1 peg

TrueUSD (TUSD) stablecoin experienced wild volatility the past day as it fell below the $1 peg amid its declining supply.Data from CryptoSlate shows...

USDC Stablecoin Issuer Circle Files for US IPO

Circle Internet Financial confidentially filed for an initial public offering (IPO) in the US. Circle, a leading financial technology company and the issuer of...

Binance’s BUSD loses top five stablecoin spot as supply dips under 1B

Binance USD (BUSD) slipped out of the top five stablecoins by market capitalization over the weekend after its circulating supply dipped under 1...

Nigeria’s Central Bank Approves cNGN Stablecoin Launch

The Central Bank of Nigeria has granted the Africa Stablecoin Consortium (ASC) approval to introduce Compliant Nigerian naira stableCoin (cNGN) within its...

USDC Stablecoin Momentarily Loses $1-Peg on Binance, Slides to $0.74 Before Rebounding

The 2% market depth on Binance for the USDC/USDT pair is skewed to the upside, with $26 million in orders stacked up to...

Arthur Hayes: Major Banks to Challenge Tether’s Stablecoin Dominance

The digital currency landscape is bracing for a seismic shift as traditional banking giants prepare to enter the stablecoin arena. This move could...

Arthur Hayes believes big banks will make stablecoin issuers like Tether obsolete

Big banks are poised to enter and potentially dominate the stablecoin market, overshadowing current leaders like Tether, according to former BitMEX co-founder Arthur...

Expert Analysis: Pro-XRP Lawyer Challenges Stablecoin Securities In Terraform Labs Case

In a recent ruling by US District Judge Jed Rakoff, the US Securities and Exchange Commission (SEC) emerged victorious in the Terraform Labs...

End-of-year stablecoin cap rally mirrors Bitcoin’s price uptick

In the crypto market, tracking the supply of stablecoins is essential for understanding liquidity trends. Stablecoins, predominantly used as trading pairs for other...

Paxos Becomes Multi-Chain Stablecoin Issuer, Expands to Solana (SOL) Blockchain

Stablecoin issuer Paxos is expanding into the Solana (SOL) network, becoming the first multi-chain platform to be regulated across multiple jurisdictions. In a new...

Nigeria’s Top Banks Collaborate on New cNGN Stablecoin

Principal Nigerian banks have joined forces to create the cNGN stablecoin, a new digital currency set to revolutionize the financial landscape in Nigeria.The...