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Tag: Dollar-Pegged

Stablecoin Market Climbs $2.81B in a Week, Nearing $160B Valuation

Over the past seven days, the stablecoin sector has expanded by $2.81 billion, bringing the dollar-pegged cryptocurrency market close to a total valuation of...

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Ethena Labs Adds Bitcoin Backing to its Synthetic Dollar-pegged USDe

Ethena Labs, the creators of USDe, have incorporated Bitcoin (BTC) as backing into their synthetic dollar-pegged offering. This move aims to scale USDe’s supply from...

Online Payments Giant PayPal Enables Cross-Border, Stablecoin-Funded Money Transfers for US Customers – The Daily Hodl

PayPal just rolled out a new service that allows users to fund their cross-border money transfers using PayPalUSD (PYUSD), the US dollar-pegged stablecoin that...

Bitcoin Crash? CryptoQuant CEO Sees LUNA-Like Risks Ahead

Ethena Labs has revealed its latest strategic move: the inclusion of Bitcoin (BTC) as collateral for its synthetic dollar-pegged product, USDe. This decision, aimed...

PayPal Enables Stablecoin-To-Fiat Option for International Money Payments – Decrypt

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Ripple Announces Plans To Launch a US Dollar-Pegged Stablecoin on XRP Ledger and Ethereum – The Daily Hodl

Payments platform Ripple is announcing its plans to create a new US dollar-pegged stablecoin on Ethereum (ETH) and the XRP Ledger. In a new press...

“Stablecoin Wars” Heat Up As PayPal Enables PYUSD For Cross-Border Transfers – The Defiant

Ripple has also announced a new U.S. dollar-pegged stablecoin. The stablecoin wars are heating up after PayPal announced today that it will enable PYUSD...

Circle CEO praises Ripple for launching own stablecoin on XRP

Jeremy Allaire, the CEO of stablecoin issuer Circle, has welcomed Ripple’s entrance into the market.Earlier today, crypto firm Ripple revealed plans to launch a...

Frax Finance Expands to Cosmos Ecosystem Via Asset Issuance Chain Noble

The expansion to the Cosmos ecosystem, an interoperability network, is expected to boost the adoption of FRAX and sFRAX in diverse applications, including trading,...

TUSD’s Supply Halves as It Drops to 8th Rank Among Stablecoins

Over the past week, the stablecoin trueusd (TUSD) experienced a notable decrease in its supply. As of March 19, 2024, the circulation was approximately...

MakerDAO Implements Interim Fee Adjustments to Strengthen Protocol

Blockchain News The recommendation was by BA Labs, a member of Maker’s Stability Advisory Council. The Peg Stability Module and Spark Effective Borrow APY will also...

Tether Goes Nuclear: USDT Joins Exclusive $100 Billion Market Cap Club Amid Bitcoin Bull Market

Advertisement &nbsp &nbsp In an exciting turn of events, Tether (USDT), the world’s leading stablecoin,...

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