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Stablecoin News
PayPal’s PYUSD Stablecoin Faces Uphill Battle for Global Adoption
PayPal recently introduced PYUSD, its very own stablecoin. With a promise of seamless, secure transactions on a…
DeFiLIama Founder Exposes Enigmatic Wallet Holding 278 Million DAI – Ties to Richard Heart Unveiled
In a recent revelation that sent shockwaves through the cryptocurrency community, the founder of DeFiLIama, a…
Tether Denies Affiliation with stUSDT Amidst Growing Speculation
Tether (USDT), has officially distanced itself from the Justin Sun-linked Staked Tether (stUSDT) protocol. The…
NEAR Protocol Embraces USD Coin (USDC) Integration
USD Coin (USDC), the second-largest stablecoin in terms of market capitalization, has made its debut on the NEAR…
Mountain Protocol Launches USDM Stablecoin with 5% Annual Interest Rate and BMA License
Mountain Protocol has officially launched its stablecoin, USDM, which is backed by short-term US Treasury bonds.…
Bitfinex and Tether CTO Paolo Ardoino to be Deposed Amid Ongoing Class-Action Lawsuit
In a significant development in the long-standing class-action lawsuit against Bitfinex and Tether, the Chief…
Coinbase Raises the Stakes: 5% Interest Rate on USDC Holdings
Coinbase has announced a substantial increase in interest rates for its USDC (USD Coin) holdings. The company is…
Tether Surpasses Nations in U.S. Treasury Holdings, Becoming 22nd Largest Global Holder
Tether's Chief Technology Officer, Paolo Ardoino, recently took to Twitter to announce a significant milestone in…
Top Stablecoins Gain $663.2 Million Since August 22, Breaking Post-FTX Crash Decline
In a surprising turn of events, the cryptocurrency market has witnessed the combined market value of the top six…
Stablecoin Market Sees 17th Consecutive Month of Decline, Tether Loses Ground
In a recent report by Bloomberg, according to CCData data, with the total market capitalization of these digital…