Stablecoins
Stream Finance Halts Withdrawals After $93M Loss; Stablecoin XUSD Plunges 50%
Quick Breakdown Stream Finance halts deposits and withdrawals after uncovering a $93M asset loss. Stablecoin XUSD depegs to $0.51, losing...
Revolut Launches 1:1 USD-to-Stablecoin Conversion, Eliminating Fees and FX Friction
Quick Breakdown No fees or spreads: the Revolut enables up to $578K in 1:1 USD-stablecoin conversions monthly. Six-chain support: Works...
IQ and Frax Launch KRWQ, First Korean Won–Backed Stablecoin on Base
Quick Breakdown KRWQ launches as the first Korean Won stablecoin on Base with multi-chain support. Enables seamless cross-chain transfers and...
Bank Indonesia to Launch National Stablecoin Backed by Government Bonds
Quick Breakdown Bank Indonesia to launch a national stablecoin backed by government bonds (SBN) as part of its digital rupiah...
Coinbase Dismisses Fears That Stablecoins Threaten U.S. Banks, Citing Global Dollar Demand
Quick Breakdown Coinbase says fears about stablecoins undermining U.S. banks are exaggerated. Global, not domestic, demand fuels stablecoin growth, especially...
Traditional Banks Embrace Stablecoins as BitGo Unveils Plug-and-Play Deposit Framework
Quick Breakdown BitGo introduces a model for banks to accept stablecoin deposits. Stablecoins exceed $1 trillion in monthly global transactions....
South Korea’s BDACS to Launch KRW1 Stablecoin on Circle’s Arc Blockchain
Quick Breakdown BDACS partners with Circle to launch KRW1 stablecoin on Arc after its Avalanche debut. Arc testnet attracts over...
Visa to Expand Stablecoin Support Across Four Blockchains, Deepening Crypto Push
Quick Breakdown Visa will support four new stablecoins across four distinct blockchains, expanding its crypto settlement network. The company recorded...
Trump-Linked World Liberty Financial to Airdrop $1.2M in WLFI Tokens to Early Stablecoin Users
Quick Breakdown World Liberty Financial to distribute 8.4M WLFI tokens worth $1.2M to USD1 loyalty participants. The airdrop spans six...
Thunes and Yellow Card Partner to Accelerate Stablecoin Payments Across Emerging Markets
Quick Breakdown Thunes partners with Yellow Card to expand stablecoin use in cross-border business payments. Collaboration enhances transaction speed, liquidity,...
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