US SEC approves the first yield-bearing stablecoin
The US SEC has approved YLDS, the first yield-bearing stablecoin, with 3.85% APR. YLDS trades 24/7 on Figure Markets and its APR is paid monthly in USD or YLDS. The…
Societe Generale-FORGE to expand stablecoin to Stellar
Societe Generale-FORGE will launch its EUR CoinVertible stablecoin on the Stellar network. SG-FORGE first deployed EURCV on Ethereum and plans expansion to XRP Ledger. Societe Generale-FORGE (SG-FORGE) has announced the…
Ark Invest: Stablecoin transaction value reached $15.6T in 2024, beats Mastercard and Visa
Stablecoin transaction value surpassed Mastercard and Visa by 200% and 119% The number of monthly stablecoin transactions reached 100 million in 2024 Stablecoin transaction value roughly doubled year-on-year from $7…
TRON to allow zero-fee stablecoin transactions
TRON plans to introduce zero-fee stablecoin transfers The plan aims to boost blockchain adoption TRX sees price dip amidst optimistic news In an exciting development Justin Sun, the founder of…
Ripple’s president says RLUSD stablecoin will list on more exchanges “imminently”
Long said Ripple’s stablecoin will soon be available on other exchanges, but didn’t give an exact timeframe Various crypto spot ETFs are expected this year and Long believes XRP will…
Ripple to launch RLUSD stablecoin on December 17
Ripple has announced the stablecoin RLUSD will go live on exchanges on December 17, 2024. The launch comes a few days after the company revealed it received regulatory approval. Ripple’s…
Circle becomes the first stablecoin issuer to meet Canada’s new listing standards
Circle received approval from the OSC and the CSA after meeting the VRCA requirements In July, Circle became the first stablecoin issuer to receive a license under the EU’s MiCA’s…
UK to unveil crypto and stablecoin regulatory framework early next year
The UK will introduce unified crypto regulations, including stablecoins, in early 2025. New rules aim to simplify oversight and avoid restrictive staking classifications. Labour government aims to compete with EU’s…
Curve Finance launches scrvUSD, a decentralized yield-bearing stablecoin
Curve Finance launches yield-bearing stablecoin, Savings-crvUSD (scrvUSD). scrvUSD stabilizes borrowing rates and enhances DeFi composability. Curve has partnered with The Open Network to boost ecosystem integration and efficiency. Curve Finance,…
Crypto firms launch the Global Dollar stablecoin to boost adoption
The Global Dollar is issued out of Singapore by Paxos and is “substantially compliant” with the MAS Tether’s USDT stablecoin accounts for more than 75% of the market Kraken’s co-founder…