USDC Treasury Executes $50 Million Token Burn
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...
Tag : Stablecoin
Rebooting Regulation: How the GENIUS Act Aims to Drive U.S. Stablecoin Innovation
by jose
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...
Bitcoin Exodus: $900M Withdrawals Signal Bullish HODL Sentiment Amid Market Turbulence
by jose
TL;DR Nearly $900 million in Bitcoin was withdrawn from exchanges over the past week, indicating a strong shift toward long-term HODLing. Persistent negative exchange netflow...
Ripple Unveils Key Steps for Global Stablecoin Adoption and Launches RLUSD
TL;DR Ripple proposes five key steps to promote the global adoption of stablecoins, highlighting the need for a solid regulatory framework. The stablecoin market reached...
Stablecoins and Blockchain Legitimacy: The Key Role of Major Issuers in Network Adoption
Stablecoins are crucial in defining blockchain legitimacy, according to ZachXBT. Cardano and XRP Ledger currently lack major stablecoin issuances. Cardano Foundation emphasizes security, scalability, and...
Mastercard Achieves 30% Transaction Tokenization, Embraces Blockchain Innovation
by jose
TL;DR 30% Transactions Tokenized: In 2024, Mastercard successfully tokenized 30% of its transactions, enhancing security and reducing fraud risks. Blockchain Commitment: The company is making...
Ethereum Layer-2 Networks Drive Stablecoin Market to Record Highs
TL;DR Ethereum Layer-2 networks reach a new record with over $13.5 billion in stablecoins locked. Arbitrum One and Base lead among Layer-2 platforms, with over...
Dtcpay to Shift to Stablecoin-Only Payments Model Starting January 2025
TL;DR Dtcpay will stop accepting Bitcoin and Ethereum starting in January 2025, focusing exclusively on payments with stablecoins like USDT, USDC, FDUSD, and WUSD. The...
Why Stellar (XLM) is the Most Underrated Cryptocurrency, According to Jed McCaleb
by jose
TL;DR Jed McCaleb, co-founder of Ripple and architect behind Stellar, believes Stellar’s real-world applications and high transaction volume set it apart from other blockchain projects....
Spark Unveils Liquidity Layer to Enhance USDS Multi-Chain Functionality
TL;DR Spark launched Liquidity Layer to enable conversions between USDC, USDS, and sUSDS across multiple blockchains, improving liquidity and yields. It will initially operate on...