Paxos Issues New Yield-Bearing Legally Compliant Stablecoin
Paxos issued a new stablecoin, the Global Dollar (USDG), which is legally compliant with Singapore’s monetary laws. Unlike other legally compliant stablecoins, USDG will distribute a large portion of the…
Injective launches Agora’s AUSD as its first native stablecoin
Injective has announced the launch of Agora’s AUSD stablecoin on the mainnet. AUSD reserves are backed by VanEck and custodied by State Street. AUSD Injective’s first native stablecoin and will…
Donald Trump’s World Liberty Financial (WLFI) planning to launch stablecoin
Trump’s WLFI plans to launch a dollar-pegged stablecoin after raising $14M. The project faces challenges, with only 4.7% of its $300M token sale target met. Trump opposes a US CBDC…
Stripe acquires stablecoin platform Bridge for $1.1 billion
Stripe has closed a $1.1 billion acquisition of stablecoin firm Bridge. The company reestablished support for crypto payments in April, adding USDC on Ethereum, Solana and Polygon in October 2024.…
Stripe partners with Paxos to launch stablecoin payments platform
Stripe partners with Paxos to launch a stablecoin payments platform. Paxos’ platform supports PYUSD, USDC, and USDP for instant conversions. The initiative aims to cut costs and expand businesses’ global…
TON partners with Curve Finance for a TON-based stablecoin swap project
TON Foundation partners with Curve Finance to launch a stablecoin swap project. The stablecoin swap project will use Curve’s CFMM tech to reduce volatility and slippage for TON stablecoin trades.…
Tether’s USDT stablecoin market share rises to over 75%
Tether (USDT) market share has risen to 75%, up from 55% in two years. Tether generated $400 million in revenue in the last 30 days. USDT on crypto exchanges hit…
Stablecoin
What Are Stablecoins? Stablecoins are a type of cryptocurrency whose value is tied to a more stable asset, such as fiat or government-issued currencies (like the United States dollar) and…
Agora-Backed AUSD Stablecoin is Live on Sui
Grand Cayman, Cayman Islands, 5th September 2024, Chainwire The post Agora-Backed AUSD Stablecoin is Live on Sui appeared first on CoinJournal.
Maker Protocol rebrands to Sky, Dai stablecoin rebranded to USDS
Maker Protocol rebrands to Sky, renaming Dai stablecoin as Sky Dollar (USDS). MKR governance token upgraded to Sky (SKY) with a 1:24,000 conversion rate. Maker SubDAOs rebranded as Sky Stars,…