TL;DR 50 Million Tokens Burned: The USDC Treasury burned 50M USDC on Ethereum to reduce circulation and strengthen its peg to the U.S. dollar. Market...
TL;DR Bipartisan Framework: The reintroduced GENIUS Act, led by a bipartisan coalition, seeks to establish a clear regulatory pathway for U.S. stablecoin issuers while safeguarding...
TL;DR Tether announced a $2 billion cross-chain swap to Ethereum on November 6, 2024, to enhance liquidity and asset management. The swap involves transferring USDT...
TL;DR Circle plans to expand its operations into Hong Kong, aiming to capitalize on the region’s favorable regulatory environment and financial infrastructure ahead of its...
TL;DR The EURC stablecoin, issued by Circle, has reached a historic supply of 91.8 million, with a market capitalization nearing $100 million. This growth has...
TL;DR Innovative Payment Solution: Layer1 by BVNK is a self-custody digital asset payment infrastructure designed to simplify stablecoin transactions for businesses, enabling easy integration and...
TL;DR Ethena Labs’ USDe stablecoin has reached a $3 billion supply in just four months, thanks to its innovative arbitrage mechanics and yield-generating trading. Since...
TL;DR Tether’s $1 Billion USDT Minting: Tether recently minted an additional $1 billion in USDT amidst a downturn in the cryptocurrency market, raising doubts about the...
TL;DR Tether’s Blacklisting Operation: Tether has blacklisted several wallet addresses, cumulatively holding $21.2 million in USDT, as part of its ongoing efforts to combat the...
TL;DR Stablecoin market capitalization reaches $142 billion, its highest since 2022. Tether (USDT) and USD Coin (USDC) lead the rise, with USDT reaching $98 billion....
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