Category: Stablecoins
Wyoming to Launch State-Backed Stablecoin in 2025, Advancing Crypto Payment Efforts
The U.S. state of Wyoming is making significant steps in the cryptocurrency space by promoting crypto payments and planning to launch its stablecoin, the Wyoming…
Stablecoin Issuer Tether Has Reclaimed Over $108 Million for Victims and Law Enforcement Agencies
Tether recently assisted the US DoJ in recovering close to $5 million worth of USDT lost in a romance scam. It has reclaimed $108 million…
Coinbase Introduces Euro to EURC Conversion with No Fees Starting August 28
Coinbase, the popular cryptocurrency exchange, has announced that it will begin offering seamless conversions between the euro (EUR) and the euro-pegged stablecoin EURC starting on…
12,000 Bitcoin Removed from USDD Reserves, Sun Responds
Tron founder Justin Sun has downplayed concerns following the removal of 12,000 Bitcoin, worth over $729 million, from the reserves backing Decentralized USD (USDD), a…
Tether Will Launch Dirham Stablecoin in the UAE
Tether has teamed up with Phoenix Group and Green Acorn Investments to bring a Dirham-pegged stablecoin to the UAE. The stablecoin will ensure quick and…
Phishing Attack Stole $55 Million From Whale
A whale signed a transaction request from an unknown source, causing them to lose $55 million in DAI tokens. The hacker converted a portion of…
Tether USDT Joins Aptos Blockchain for Ultra-Low-Cost Transactions
Tether has set up USDT on Aptos Blockchain to leverage its speed and scalability. The integration offers extremely reduced gas fees, making transactions cost-effective. Tether…
Celsius Is Suing Tether, Asking $3.4 Billion Worth of Bitcoin
Celsius Network, the defunct cryptocurrency company and Bitcoin mining firm, has filed a lawsuit demanding $3.4 billion in bitcoin from Tether. The suit alleges the…
Ripple Begins Testing Its RLUSD Stablecoin
Ripple began testing its new stablecoin on Thursday, the Ripple USD (RLUSD), on the XRP Ledger and Ethereum mainnets. RLUSD is presently in its beta…
