Tagged: stablecoin

February 26, 2025 @ 9:26 pm By Omar Faridi  |  

Braza Group announces the launch of BBRL stablecoin on the XRP Ledger to strengthen the Brazilian and South American digital economies. Issuance of BBRL aims to offer secure and cost-effective “solutions for digital transactions for individuals and businesses” Operating for over 15 years and ranking… Read More

February 21, 2025 @ 6:37 am By Omar Faridi  |  

Societe Generale-FORGE announces the launch of its EUR-backed stablecoin (EURCV) on the Stellar network. This expansion will open opportunities for users and businesses “to access a secure, transparent, and scalable digital euro stablecoin, powered by the innovative Stellar blockchain infrastructure.” This move combines the regulatory… Read More

February 18, 2025 @ 3:33 pm By Omar Faridi  |  

Standard Chartered Bank (LON: STAN), Animoca Brands, and HKT have entered into agreements to establish a joint venture with the intention to apply for a license from the Hong Kong Monetary Authority (HKMA) in the new regulatory regime in order to issue “a Hong Kong… Read More

February 17, 2025 @ 11:08 am By Omar Faridi  |  

Plasma, a “purpose-built” blockchain for stablecoin payments, announced it has secured $24 million in funding. Plasma has raised $20 million in a Series A led by Framework Ventures, a  crypto-native venture capital firm “known for its early entrance in the DeFi, AI, and DePIN spaces.”… Read More

January 11, 2025 @ 11:11 am By Omar Faridi  |  

M^0 has adopted Chainlink infrastructure to deliver net asset value (NAV) data on Ethereum for their “decentralized” stablecoin, $M. ​​By leveraging Chainlink’s SmartData suite of asset servicing solutions, they are “improving the transparency” of $M. The core M^0 protocol is a coordination layer for “permissioned… Read More

January 5, 2025 @ 7:12 pm By Omar Faridi  |  

Frax Finance, a “decentralized” stablecoin cryptocurrency protocol, has recently announced the launch of a new stablecoin, frxUSD, that will leverage BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL), tokenized by Securitize, to deliver a “fully auditable” backing mechanism. This partnership marks a milestone in the integration… Read More

December 29, 2024 @ 9:28 pm By Omar Faridi  |  

M^0, the “decentralized” stablecoin infrastructure layer, announces a strategic integration with Usual, a “decentralized” fiat-backed stablecoin issuer. Usual is leveraging M^0’s infrastructure to create UsualM, a vehicle that will facilitate the use of M^0 as an “alternative collateral structure for Usual products.” This partnership marks… Read More

December 27, 2024 @ 4:06 pm By JD Alois  |  

Do Kwon, founder of Terraform Labs and the issuer of TerraUSD, will be extradited to the US, according to a Bloomberg report. Kwon and his business helped to crush crypto markets after his algo-based “stablecoin” TerraUSD ended up not so stable. Billions were vaporized in the… Read More

December 23, 2024 @ 10:42 am By Omar Faridi  |  

Bitso— the financial services company powered by crypto in Latin America—listed on its platform the “enterprise-grade” token Ripple USD (RLUSD), a stablecoin with “1:1 parity” with the US dollar, which will now aim to complement the stablecoin offer now available on Bitso throughout fast-growing region…. Read More

November 17, 2024 @ 9:08 pm By Michael Wong  |  

A group of prominent Philippine financial institutions has teamed up with Web 3.0 fintech firm JUST Finance to introduce PHPX, the first bank-collateralized Philippine Peso stablecoin. This initiative, led by UnionBank of the Philippines (UBX), RCBC, Cantilan Bank, and Rural Bank of Guinobatan, along with… Read More

November 3, 2024 @ 7:18 pm By Tony Zerucha  |  

Paxos, a blockchain and tokenization infrastructure platform, has introduced Global Dollar (USDG) – a US dollar-backed stablecoin that Paxos said is “substantively compliant with MAS’ upcoming stablecoin framework.” Paxos Digital Singapore Pte. Ltd. is the issuer of USDG and is regulated by the Monetary Authority… Read More

October 28, 2024 @ 1:03 am By Tony Zerucha  |  

EtherMail founder and CEO Shant Kevonian said Stripe’s $1.1 billion acquisition of Bridge, a stablecoin API provider, is a pivotal moment in bridging the Web2/Web3 divide. Kevonian said the move is the latest step in the ongoing convergence of the crypto and fintech markets –… Read More

October 3, 2024 @ 10:59 pm By Omar Faridi  |  

Digital assets firm Gemini has shared an analyst note which pointed out that a lot of the recent stablecoin onchain activity has, for the most part, remained fairly resilient despite the headwinds across global financial markets. As stated in the latest research report from Gemini,… Read More

September 28, 2024 @ 10:55 am By Omar Faridi  |  

Bitvavo, one of the largest European cryptocurrency exchanges, is making MiCA-compliant USDC widely available to Bitvavo’s growing user base to offer regulated, efficient, and transparent dollar stablecoin transactions to European users. MiCA or Markets in Crypto Assets regulation has been approved by the European Union…. Read More

September 22, 2024 @ 8:27 am By Tony Zerucha  |  

This week, BitGo, a digital asset custodian, launched USDS: The USD Standard, a 1:1 USD-backed stablecoin it hopes will transform the digital asset landscape by prioritizing fairness, transparency, and market neutrality. BitGo said USDS is designed to challenge the existing stablecoin market dynamics, specifically targeting… Read More

August 31, 2024 @ 12:13 pm By Michael Wong  |  

Peregrine Exploration, a blockchain development and research company, secured $3.6 million in funding co-led by Polychain Capital and Dragonfly to advance the development of Level, a pioneering stablecoin protocol. This funding round also saw participation from prominent investors including Robot Ventures, Pier Two, EIV, Global… Read More

August 27, 2024 @ 4:25 pm By JD Alois  |  

DeFi firm MakerDAO has rebranded as Sky. In a release, Sky indicated that SubDAOs will now become “Sky Stars.” Sky has also released its new stablecoin, USDS, pegged to the US dollar. A New Sky.money website and app are expected to launch to provide a… Read More

August 23, 2024 @ 10:56 am By Omar Faridi  |  

Anchorage Digital, the crypto platform for institutions, is pleased to announce its first stablecoin rewards program, enabling institutions to earn competitive rewards on PayPal USD (PYUSD) balances held at Anchorage Digital or in our recently launched institutional self-custody wallet, Porto. PYUSD remains fully accessible and… Read More

August 20, 2024 @ 8:38 am By Omar Faridi  |  

WSPN (Worldwide Stablecoin Payment Network), a provider of next-generation stablecoin infrastructure, has raised $30 million in seed funding round. This investment round was led by Folius Ventures and Foresight Venture, with participation “from prominent investors including Hash Global, Generative Ventures, RedPoint Capital, and a consortium… Read More

August 11, 2024 @ 2:12 pm By Omar Faridi  |  

Ripple is pleased to announce they have begun beta testing Ripple USD (RLUSD) on the XRP Ledger (XRPL) and Ethereum mainnet. This is a significant milestone and “a step closer to bringing more high-quality assets to the XRPL, driving new opportunities, liquidity, and institutional use… Read More