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Stablecoin News
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…
Coinbase Unveils Listing of PayPal’s PYUSD Stablecoin on August 31, 2023
Coinbase, one of the world's leading cryptocurrency exchanges, has announced its plans to integrate support for…
Binance to Discontinue BUSD Support by 2024
Binance has declared its intention to discontinue its support for the Binance USD (BUSD) stablecoin by 2024. This…
Circle Partner with Mercado Pago to Launch USDC Stablecoin in Chile
In a striking demonstration of the rapidly expanding landscape of digital finance in Latin America, the region has…
Circle Introduces USDC on Base Platform, Phasing Out USD Base Coin (USDbC)
Circle, the company behind the USD Coin (USDC), has announced the upcoming launch of USDC directly on the Base…