A consortium of cryptocurrency and traditional finance companies, including Robinhood, Galaxy Digital, Kraken, and Paxos, has been established to back the latter's newest stablecoin offering, the Global Dollar (USDG). According to a statement released on November 5 by Paxos,...
Stablecoins have rapidly become a fundamental part of Africa’s cryptocurrency landscape, accounting for 43% of the region’s total transaction volume, according to a report by Chainalysis. Dollar-pegged Tether (USDT) and USD Coin (USDC) are the most popular on the...
Over the past three years, East Asia has strengthened its role as a major hub in the global crypto and stablecoin market. The region is home to five of the world's top 50 crypto adopters—South Korea, China, Japan, Hong...
Ripple has officially announced its exchange partners for the launch of its new dollar-backed stablecoin, Ripple USD (RLUSD). Among the platforms supporting the stablecoin are notable cryptocurrency exchanges and services such as Uphold, Bitstamp, Bitso, MoonPay, Independent Reserve, CoinMENA,...
Curve Finance has teamed up with the TON Foundation to launch a collaborative hackathon focused on improving stablecoin trading and enhancing user experience on the TON blockchain. The hackathon is scheduled to run until October 17, according to a...
Stablecoin issuer Agora has chosen the cross-chain protocol Wormhole as its primary interoperability provider for its AUSD offering. In a recent blog post, Wormhole announced its plans to expand the reach of the stablecoin AUSD across various blockchain networks....
Circle's USDC stablecoin will now be natively available on the Sui network. This integration, announced via separate press releases by Circle & the Sui Foundation, is expected to strengthen the Sui ecosystem by increasing liquidity and improving the overall...
Hong Kong-based digital asset issuer IDA Finance has announced plans to integrate Chainlink’s services into its forthcoming HKDA stablecoin, which will be backed by the Hong Kong dollar. According to an October 9 announcement, the issuer is trying to...
The rise of commodity-backed stablecoins this year has captured quite some attention, especially as an alternative to fiat-backed stablecoins and the volatile broader crypto market. As of August 1, 2024, their total market capitalization reached $1.3 billion, led by...
The Japanese yen is a relatively volatile currency at the moment. In April 2024, the yen reached a 34-year low, trading at 160.15 yen per U.S. dollar, its weakest since 1990. Despite this, GMO-Z.com Trust Company made a notable...
