USDX stablecoin loses its dollar peg, drops to $0.30
On November 6, the synthetic “stablecoin” USDX from Stable Labs lost its US dollar peg, falling more than 60% in a day to $0.30.
USDX stablecoin loses its dollar peg, drops to $0.30
On November 6, the synthetic “stablecoin” USDX from Stable Labs lost its US dollar peg, falling more than 60% in a day to $0.30.
Mastercard, Gemini, and Ripple to Test Stablecoin RLUSD Card Payments
Mastercard, in partnership with Gemini and Ripple, will test card payments using the stablecoin RLUSD on the XRP Ledger.
DEX volumes hit a record $613.3bn in October
In October, cumulative trading volume on decentralised exchanges hit an all-time high of $613.3bn.
Tether’s Profits Surpass $10 Billion in 2025
Tether International's net profit for the first nine months of 2025 exceeded $10 billion, as reported in the company's third-quarter financial statement.
Coinbase Dismisses Banks’ Concerns Over Stablecoins as Overblown
The fear among American banks that stablecoins will "absorb" their deposits is unfounded and overlooks the actual potential uses of these assets.
First Korean Won-Pegged Stablecoin Launched on Base Network
IQ and Frax have launched the "stablecoin" KRWQ, pegged to the South Korean won. This asset marks the first such token in the L2 solution Base.
Mastercard to Acquire Crypto Startup Zerohash for $2 Billion
Payment giant Mastercard is set to acquire cryptocurrency startup Zerohash, with the deal valued at $2 billion.
Hyperliquid and BNB Chain Surpass Solana in Fee Volume
At the start of the year, Solana accounted for over 50% of fees among L1 networks. By October, this figure had fallen to 9%.
Visa Expands Support to Four New Stablecoins
Visa, the payment company, has broadened its transaction capabilities by adding support for four stablecoins across four different blockchains.
South Korea’s Central Bank Warns of Stablecoin Deppegging Risks
The Bank of Korea has released a report expressing concerns over the risks of stablecoins losing their peg, particularly those denominated in won.
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