Category: Stablecoins
Tether Shatters Records with Unprecedented $5. 2 Billion going by the half-year 2024 Profit.
Tether, the most popular stablecoin issuer in the market has set a new record in the sector by generating $5.2 billion profit in the first…
Stablecoin Market Capitalization Jumps to $164 Billion, Highest Since Terra Collapse
The stablecoin ecosystem rose to over $164 billion this past week—the last time it did this was before the Terra ecosystem collapse, linked to the…
Paxos Receives Approval from Singaporean Regulator to Issue Stablecoins
It looks like stablecoins and their issues cannot stay outside the news cycle, with MiCA issuing its stablecoin guidelines and Circle making huge moves in…
Coinbase Strikes Deal with Stripe for Stablecoin Integration
Coinbase and Stripe will collaborate on bringing on- and off-ramps on both platforms for users wanting to access stablecoins easily. The ramps will let them…
The EU Will Enforce Strict Stablecoin Regulations by June End
The free reign stablecoin issuers had in the European markets is ending on June 30 as the EU’s MiCA (Markets in Crypto Assets) regulations will…
Stablecoin Issuers Collectively Become the 18th Largest Holders of US Debt
Stablecoin issuers now hold over $120 billion in US Treasury notes, becoming the 18th largest holder of US Debt and overtaking numerous nations. Out of…
Stablecoin Sector Takes a New Form, Observes $16 Billion in Inflows in 90 Days
Fiat-pegged stablecoins have grown in market cap over the past ninety days as they collectively witnessed $16 billion flow into their side of the crypto…
Paxos Introduces New Stablecoin That Generates Yields
Paxos Trust Company, the issuing entity behind famous stablecoins PayPal USD (PYUSD), Pax Dollar (PUSD), Pax Gold (PAXG), and the now defunct Binance USD (BUSD),…
