AMINA Bank has removed custody fees for its Stablecoin Rewards Account, allowing clients holding USDC to earn quarterly rewards without the burden of traditional banking fees. The Switzerland-based crypto bank claims that the new offering enables individual and business...
Brazilian digital banking giant Nubank has launched a new feature offering a fixed 4% annual return for users holding USD Coin (USDC), Circle’s stablecoin. The initiative, announced on January 14, extends the rewards program to all crypto wallet users...
Ripple has announced the integration of Chainlink Price Feeds to provide verifiable on-chain pricing data for its Ripple USD (RLUSD) stablecoin, marking a significant step in enhancing the utility of RLUSD within decentralized finance (DeFi) ecosystems. The Price Feeds...
DeFi protocol Frax Finance has opened voting on whether to adopt BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL) as the primary reserve asset for its upcoming stablecoin, Frax USD (frxUSD). The voting period runs from December 27, 2024, to...
Hong Kong's newly proposed stablecoin bill passed its first reading in the city’s Legislative Council today, December 18, 2024. This move brings the city closer to establishing a robust regulatory framework for fiat-backed stablecoin issuers. During the presentation of...
Meta's stablecoin project, Diem (originally launched as Libra in 2019), aimed to revolutionize global payments by creating a decentralized payment network backed by stablecoin reserves. Its promise of seamless, scalable international payments attracted partnerships from major players like Visa...
WSPN, a leading global digital payments provider, has teamed up with Fractal, a scaling solution on the Bitcoin blockchain, to expand the utility of its fully-backed stablecoin, WUSD. WUSD, backed 1:1 by US dollars and collateralized by high-quality liquid...
Stablecoins maintains a commanding presence in the digital finance ecosystem. With a combined market cap exceeding $190 billion, they serve as a cornerstone of liquidity and utility across DeFi platforms, trading ecosystems, and payment networks. They are quickly becoming...
The Euro Coin (EURC) was Circle's attempt to create a replica of its successful USDC stablecoin for another major currency, the Euro. It launched it on major centralized exchanges on July 6, 2022, as a new ERC-20 stablecoin backed...
Binance has clarified that its new high-yield asset, BFUSD, is not a stablecoin and has yet to be launched. BFUSD is not yet launched. To be clear, it is not a stablecoin but a reward-bearing margin asset for futures...
