Category: Stablecoin
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Exchanges See 2nd Most Stablecoin Inflows Ever
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On-chain data shows that exchanges have just received significant inflows of stablecoins, something that could ultimately benefit Bitcoin’s rally. Stablecoin exchange flows have been on the rise recently As one analyst at CryptoQuant Quicktake pointed out mailthe exchange flow of stablecoins recorded a sharp jump. “Exchange flow” here refers to…
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$2.3 Billion Gains And What Lies Ahead For The Stablecoin
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This article is also available in Spanish. On Thursday, Tether (USDT), the largest coin in the world, was traded Stablecoin sourcereleased its third-quarter (Q3) Assurance Opinion report, revealing big financial results amid a broader market recovery led by Bitcoin (BTC). Tether’s total assets reach an all-time high Conducted by accounting…
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$2.3 Billion Gains And What Lies Ahead For The Stablecoin
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This article is also available in Spanish. On Thursday, Tether (USDT), the largest coin in the world, was traded Stablecoin sourcereleased its third-quarter (Q3) Assurance Opinion report, revealing big financial results amid a broader market recovery led by Bitcoin (BTC). Tether’s total assets reach an all-time high Conducted by accounting…
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Introducing Falcon Finance: A Revolutionary Synthetic Stablecoin
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DWF Laboratories It recently made waves in the decentralized finance (DeFi) sector with the announcement of Falcon Finance, a synthetic stablecoin designed to provide attractive return opportunities for investors. This innovative project aims to provide transparency and security while meeting the needs of a diverse group of users. In this…
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Robinhood And Revolut Consider Entering The $170 Million Stablecoin Market – Report
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According to Bloomberg a reportCryptocurrency trading platform Robinhood and fintech company Revolut are exploring launching their own stablecoins. The potential move from Robinhood and Revolut comes amid mounting pressure from regulators in Europe, which could dilute the dominance of Tether, the largest stablecoin issuer in the market. Cord and Circle…
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Shiba Inu Stablecoin In The Works? Team Member Hints At Potential Launch
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Shiba Inu The ecosystem is gearing up for another major milestone as the project team hints at the possible launch of a new stablecoin, sparking a wave of excitement within the entire SHIB community. Given that stablecoins are essential to providing price stability and improving utility, this announcement has generated…
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SEC charges TrustToken and TrueCoin over stablecoin fraud
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The US Securities and Exchange Commission has charged two crypto companies linked to the TUSD stablecoin with securities violations. TrueCoin and TrustToken stable The U.S. Securities and Exchange Commission has filed a lawsuit against TrustToken, accusing it of making unregistered offers and selling investment contracts between November 2020 and April…
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SEC charges TrustToken and TrueCoin over stablecoin fraud
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The US Securities and Exchange Commission has charged two crypto companies linked to the TUSD stablecoin with securities violations. TrueCoin and TrustToken stable The U.S. Securities and Exchange Commission has filed a lawsuit against TrustToken, accusing it of making unregistered offers and selling investment contracts between November 2020 and April…
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BitGo to enter stablecoin territory with USDS token
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Cryptocurrency custodian BitGo plans to launch a dollar-backed stablecoin next year, offering rewards to liquidity providers. BitGo is set to launch a dollar-backed stablecoin called USDS in January 2025, making it the first “open-shared stablecoin” on the market. On September 18, BitGo announced the launch of a dollar-backed stablecoin called…
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BitGo to enter stablecoin territory with USDS token
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Cryptocurrency custodian BitGo plans to launch a dollar-backed stablecoin next year, offering rewards to liquidity providers. BitGo is set to launch a dollar-backed stablecoin called USDS in January 2025, making it the first “open-shared stablecoin” on the market. On September 18, BitGo announced the launch of a dollar-backed stablecoin called…
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Bitcoin’s Future in Payments: Overcoming Stablecoin Dominance with Fiatless Fiat
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Stablecoins have so far dominated the crypto payments market, but some Bitcoin developers believe there is a proposal that could offer a legitimate alternative. Seven years ago, Dorier, a veteran developer, set out to democratize Bitcoin payment processing by launching a free, open-source alternative to the then-dominant BitPay software: BTCPay…
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Bitcoin’s Future in Payments: Overcoming Stablecoin Dominance with Fiatless Fiat
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Stablecoins have so far dominated the crypto payments market, but some Bitcoin developers believe there is a proposal that could offer a legitimate alternative. Seven years ago, Dorier, a veteran developer, set out to democratize Bitcoin payment processing by launching a free, open-source alternative to the then-dominant BitPay software: BTCPay…
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What is the U.S. dollar’s role in stablecoin ecosystems?
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Stablecoins have seen explosive growth in the last four years, increasing from a $17.6 billion market capitalization to $170.6 billion. The number of holders has also skyrocketed from 3.78 million to 119.72 million. However, this growth brings critical questions. How safe is it to hold stablecoins? How secure are the…
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What is the U.S. dollar’s role in stablecoin ecosystems?
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Stablecoins have seen explosive growth in the last four years, increasing from a $17.6 billion market capitalization to $170.6 billion. The number of holders has also skyrocketed from 3.78 million to 119.72 million. However, this growth brings critical questions. How safe is it to hold stablecoins? How secure are the…
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SEC criticized for dubious stablecoin stance in FTX bankruptcy
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The SEC is facing criticism for its recent bankruptcy filing for FTX, echoing its controversial approach in the Voyager case. Recently Submit filesThe US Securities and Exchange Commission has warned FTX that it may oppose plans to repay creditors using stablecoins or other digital assets, citing potential legal concerns. This…
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Bitget Adds Support for PayPal (PYUSD) Stablecoin on Solana Blockchain
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Article Content VICTORIA, Seychelles, August 22, 2024 (GLOBE NEWSWIRE) — PetgettLeading cryptocurrency exchange and Web3 company adds trading support for PayPalBYUD A stablecoin on the Solana blockchain, increasing the availability of cross-chain tokens. This allows for seamless transactions of PYUSD on both the Solana and Ethereum networks, making it easier…
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Whale loses over $55m in DAI stablecoin to phishing attack
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The whale address lost a large amount of DAI tokens due to a phishing attack after unintentionally signing a fraudulent transaction. On-chain data confirms that the losses amounted to $55.47 million in Dai (DAI). According to a post by Lookonchain X, the whale’s funds were stored in Maker, a decentralized…
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Whale loses over $55m in DAI stablecoin to phishing attack
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The whale address lost a large amount of DAI tokens due to a phishing attack after unintentionally signing a fraudulent transaction. On-chain data confirms that the losses amounted to $55.47 million in Dai (DAI). According to a post by Lookonchain X, the whale’s funds were stored in Maker, a decentralized…
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Ripple begins testing RLUSD stablecoin on Ethereum and XRP
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XRP issuer Ripple is moving forward with its stablecoin plans after CEO Brad Garlinghouse raised the idea during a 2024 consensus. Ripple (XRP) has begun work on a fiat-pegged token called Ripple USD, or RLUSD, as the company eyes the $160 billion stablecoin market currently dominated by Tether (USDT). The…
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Identity Is A Must For Stablecoin Issuers
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In an important step, Swiss Financial Market Supervisory Authority (FINMA)Switzerland’s financial regulator has issued new guidelines aimed at addressing the risks associated with fiat-linked stablecoins. The guidelines, released on July 26, 2024, emphasize the importance of verifying the identity of all token holders, effectively banning decentralized stablecoins in Switzerland. The…