stablecoins | ForkLog

ForkLog 17 17.12.2024

Tether Invests in StablR to Boost Stablecoin Adoption in Europe

Tether, the issuer of USDT, has invested an undisclosed sum in the European stablecoin provider StablR as part of its strategy to promote asset adoption in the EU. Tether Invests In StablR To Promote Stablecoin Adoption In EuropeRead more: https://t.co/y8HtQXEwjR — Tether (@Tether_to) December 17, 2024 “The European stablecoin market, with a capitalization of $400 […]

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ForkLog 39 16.12.2024

Ethena Introduces Stablecoin Backed by BlackRock’s BUIDL

Ethena Labs, the issuer of USDe, has launched the stablecoin USDtb in collaboration with Securitize, a platform specializing in the tokenization of real-world assets (RWA). Today we are launching our new stablecoin product, USDtb, backed by @BlackRock‘s BUIDL Fund in partnership with @Securitize Read below for full details? pic.twitter.com/mSf3mWv3oF — Ethena Labs (@ethena_labs) December 16, […]

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ForkLog 17 16.12.2024

Ripple CTO Anticipates Volatility for RLUSD Post-Launch

Following the launch of the RippleUSD (RLUSD) stablecoin, significant volatility is expected, and it is crucial to avoid FOMO. This was stated by the CTO of the issuer, David Schwartz. As RLUSD goes live, there may be supply shortages in the very early days before the market stabilizes. There actually is someone willing to pay […]

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ForkLog 15 12.12.2024

Citi Analysts: Stablecoins Could Bolster Dollar’s Dominance

Cryptocurrencies do not threaten the dollar’s hegemony in the global market; rather, stablecoins make the American currency more accessible. This perspective was outlined by Citi Wealth analysts in their report Market Outlook 2025. “Initially, crypto assets like Bitcoin were conceived as competitors to fiat currencies. […] However, stablecoins, which account for over 80% of cryptocurrency […]

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ForkLog 10 11.12.2024

Circle and Binance Collaborate to Promote USDC

Circle and Binance have forged a strategic partnership to expand the global reach of the USDC stablecoin. BREAKING NEWS: Circle and Binance have entered into a strategic partnership that will accelerate global USDC and crypto adoption. The world’s largest exchange and crypto super app and the world’s largest trusted and compliant dollar stablecoin operator are […]

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ForkLog 16 11.12.2024

Ripple Secures Approval for RLUSD Stablecoin Trading

The New York Department of Financial Services has approved Ripple’s RLUSD stablecoin for trading, as announced by the company’s CEO, Brad Garlinghouse. This just in…we have final approval from @NYDFS for $RLUSD! Exchange and partner listings will be live soon – and reminder: when RLUSD is live, you’ll hear it from @Ripple first. — Brad […]

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ForkLog 91 10.12.2024

Tether Reveals USDT Holder Statistics

As of the start of the fourth quarter of 2024, there were 109 million USDT holders, more than double the number of Bitcoin holders and close to Ethereum’s 128 million. These figures were reported by Tether. The company noted that these numbers make USDT one of the most widespread digital assets. For their analysis, specialists […]

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ForkLog 20 10.12.2024

Stablecoin Market Capitalization Surpasses $200 Billion

The combined market capitalization of stablecoins has reached $204 billion, marking a 3% increase over the past seven days. Coinbase attributed this trend to a sharp rise in on-chain lending rates. USDT ($138.45 billion) accounts for 67.8% of the total token supply. The share of USDC is 19.9% ($40.69 billion). Data: CoinGecko. “[The increase in […]

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ForkLog 10 05.12.2024

Tether CEO Labels USDT as Catalyst for Bitcoin Price Surge

A strong correlation exists between bitcoin’s rise above $100,000 and the increased supply of Tether’s USDT stablecoin, according to the company’s CEO, Paolo Ardoino, in an interview with The Block. In the last 20 days alone, the market capitalization of the stablecoin has grown by approximately $16 billion, he noted. This is partly due to […]

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ForkLog 9 02.12.2024

Coinbase Foresees Swift Adoption of Cryptocurrency Legislation

Following Donald Trump’s victory, the swift approval of cryptocurrency legislation is anticipated. This was stated by Coinbase’s policy chief, Faryar Shirzad, in an interview with CNBC. “We have the most pro-crypto Congress in history. We have an extremely pro-crypto elected president. This combination should finally allow 50 million Americans who own digital assets to have […]

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ForkLog 12 02.12.2024

XRP Reaches $2.5, Enters Top Three by Market Capitalisation Amid High Leverage Concerns

On the morning of December 2, XRP’s price hit a seven-year high at $2.498, displacing the stablecoin USDT from the third position in market capitalisation ($136.2 billion). The day before, the asset surpassed Solana. Hourly chart of XRP/USDT on Binance. Data: TradingView. XRP’s daily growth reached 27.8%. Over the past 14 days, the asset has […]

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ForkLog 9 28.11.2024

Standard Chartered Foresees Tenfold Growth Potential for Stablecoins

Analysts at Standard Chartered and Zodia Markets predict significant growth in the stablecoin sector, which could become comparable to 10% of the total volume of transactions with the money supply M2.

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