Stablecoin News

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Stablecoin Developer Usual Under Fire for Changing Redemption Process For USD0++ Staked Token

Stablecoin developer Usual is getting backlash from the community over the change in redemption process for its staked toke. After altering the 1:1 redemption...
Crypto News

Filipino Banks To Launch Stablecoin PHPX On Hedera DLT Network

A union of Filipino banks is set to launch PHPX, a peso-backed stablecoin, marking a significant milestone in the country's financial innovation. The stablecoin,...
Crypto News

Tether Unveils Plans For a $1B USDT Chain Swap to Tron to Boost Interoperability

Tether announced on January 6th that it will undertake a chain swap with the Tron Network in collaboration with big exchanges. According to the...
Crypto News

U.S. Prosecutors Estimate Over One Million Victims In Do Kwon’s Terra Collapse Case

Do Kwon, co-founder of Terraform Labs, is at the centre of a landmark legal case following the collapse of the Terra ecosystem. U.S. prosecutors...
Bitcoin News

Tether Burns $1B In Largest Ever USDT Reduction, Potential Bitcoin Market Bloodbath Ahead?

In a significant market development, earlier today, Tether executed its largest single burn in history, eliminating over $1 billion worth of USDT from circulation.  The...
Crypto News

Global Stablecoin Supply Hits Historic $200B Milestone, USDT Leads With 71% Market Share Worth $142B

The cryptocurrency stablecoin market has achieved a historic milestone, with total supply surpassing $200 billion according to Artemis Terminal data.  The watershed moment is predominantly...
Crypto News

Independent Reserve Becomes Singapore’s First Exchange To List Ripple USD Stablecoin (RLUSD)

Independent Reserve (IR), Singapore’s first licensed cryptocurrency exchange for all investors, has announced its pioneering move to list Ripple’s USD-backed stablecoin, Ripple USD...
Crypto News

Binance Labs Invests In Stablecoin Issuer Usual, Token Surges By More Than 33%

Binance Labs announced on December 23rd the investment in Usual, a decentralised stablecoin issuer. The move is set to reshape the stablecoin market and...
Crypto News

Tai Mo Shan To Pay $123M In Settlement Over Accusations of Misleading Investors in Terra USD & LUNA Transactions

The U.S. Securities and Exchange Commission (SEC) accused Tai Mo Shan Limited, a subsidiary of Jump Trading, of deceiving investors regarding the stability of...
Crypto News

Tether Invests In European Stablecoin Provider StablR To Drive Regional Adoption

Earlier today, on December 17th, Tether, the world’s largest digital asset company, has announced a strategic investment in StablR, a leading European stablecoin provider....
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