Bitcoin-backed Hermetica secures $1.7m to expand stablecoin USDh
Hermetica, the company behind the Bitcoin-backed stablecoin USDh, has raised $1.7 million in seed funding. The funding will support the…
Dragonfly-backed Agora to use Wormhole for AUSD cross-chain expansion
Stablecoin issuer Agora has selected Wormhole as the interoperability hub for its stablecoin AUSD. Crypto startup Agora, which raised millions…
Paxos expands yield-bearing stablecoin USDL to Arbitrum
Paxos International has launched its yield-bearing stablecoin Lift Dollar on Ethereum layer-2 network Arbitrum. The UAE-based subsidiary of Paxos, regulated…
Inflation and a lifeline for millions: What is known about the Tether’s documentary?
Tether will release a documentary about USDT and its impact on the fight against inflation in honor of its tenth…
Report: State Street enters tokenized bonds and digital money funds
American financial giant State Street is exploring blockchain technology to tokenize bonds and money market funds for enhanced collateral management.…
Korea eyes FX rules for stablecoins used in cross-border trade: report
South Korea is planning to impose foreign exchange controls on stablecoins, underscoring the government’s concerns over their growing use in…
Coinbase to delist non-compliant stablecoins for EU clients over MiCA rules
Crypto exchange Coinbase is set to delist unauthorized stablecoins from its European branch by year-end, in response to incoming MiCA…
Visa unveils blockchain platform for banks to handle fiat-backed tokens
Visa has announced a new platform to help banks issue and manage fiat-backed tokens on blockchain networks, with BBVA set…
Ethereum and TRON control 84% of stablecoin market, CoinGecko says
Data gathered by CoinGecko reveals that Ethereum and TRON dominate the stablecoin market, holding a combined $144.4 billion, or 83.9%,…
Defi.money integrates LayerZero as interoperability solution
Chain-agnostic stablecoin protocol defi.money has integrated LayerZero to bring omnichain liquidity to its network. LayerZero (ZRO) is an interoperability solution…
BlackRock and Securitize back Ethena’s new stablecoin
Ethena Labs is launching a new stablecoin project fully backed by BlackRock’s Ethereum-based tokenized fund and Securitize. Synthetic dollar issuer…