Circle Eyes Hong Kong for Strategic Expansion Ahead of IPO
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...
Tag : Stablecoin
EURC Stablecoin Supply Reaches Historic High as Market Capitalization Nears $100 Million
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...
Yala Secures $8 Million in Seed Funding to Develop Bitcoin-Backed Stablecoin YU
TL;DR Yala has raised $8 million in a seed funding round co-led by Polychain Capital and Ethereal Ventures, surpassing its $5 million goal. The startup...
SEC Settles Charges Against TrueUSD Issuers Over Fraudulent Marketing Claims
TL;DR The SEC settled fraud charges with TrueCoin and TrustToken regarding TrueUSD. The stablecoin was not fully backed by U.S. dollars as advertised. Companies agreed...
Ripple Prepares for Stablecoin Launch with Strategic Token Burns
by jose
TL;DR Ripple’s Stablecoin Launch: Ripple is preparing to launch its stablecoin, Ripple USD (RLUSD), to enhance the utility and liquidity of the XRP Ledger. Strategic...
Palau Advances National Payment System with Ripple-Based Stablecoin Project
TL;DR Palau completes Phase 2a of its National Payment Service Project, integrating Ripple-based stablecoins. A regulatory and technological framework was developed to support the stablecoin...
BVNK’s Layer1: Streamlining Self-Custody Digital Asset Payments for Businesses
by jose
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...
USDe Grows Rapidly and Seeks to Contest Leadership in the Stablecoin Market
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...
Coinbase Launches $15 Million Advertising Blitz During NBA Playoffs
TL;DR Coinbase launches an advertising campaign during the NBA playoffs with a $15 million investment. The commercials use the pizza analogy to illustrate the inefficiencies...