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...
The Ethena Labs community is set to vote on a proposal to integrate Ethereal, a decentralised exchange on the Ethena Network, into its reserve management system. The move aims to boost the "utility and demand" for USDe, Ethena Labs'...
European banking giant Societe Generale has teamed up with Bitpanda to further integrate cryptocurrencies and stablecoins into its ecosystem and product offerings. According to a recent press release, Bitpanda will collaborate with the bank's crypto division, Societe Generale-FORGE, to...
Digital asset custodian BitGo is set to challenge the stablecoin market dominance of Tether's USDT and Circle's USDC with the launch of its new product: "The USD Standard (USDS) stablecoin," in January 2025. In a recent press release, BitGo...
Fireblocks, a digital asset management platform, and blockchain developer Chainlink Labs have announced a strategic partnership to build and offer banks and financial institutions a secure and compliant technology solution for issuing and transacting stablecoins globally. According to a...
The TON Foundation, the nonprofit backing the development of The Open Network (TON) blockchain, has unveiled a new partnership with Curve Finance, a leading DEX. The collaboration aims to launch a swap project that will improve user experience and...
Stablecoin issuer Circle has partnered with Sony Block Solutions Labs to introduce USDC to Soneium, the Japanese tech giant’s recently launched public Ethereum Layer 2 blockchain. The partnership, revealed on September 16, will see Soneium integrate Circle's Bridged USDC...
HTX (formerly Huobi) has announced that it will be removing several USDD trading pairs following recent concerns about the stablecoin's backing and significant collateral withdrawals by the TRON DAO Reserve. In a press release dated September 9, the crypto...
