Stablecoin

London, United Kingdom, October 9th, 2024, Chainwire Stablecoin Standard’s newly introduced set of global standards receives endorsement from a number of stablecoin issuers, including GMO-Z.com Trust Company (‘GMO Trust’), StraitsX and BiLira, that offer G10 currencies including JPY, SGD, TRY & USDStandards also endorsed by top ecosystem participants including Fireblocks, Solana, Bitstamp, Zodia Markets and JST Digital Stablecoin Standard, the industry body for stablecoin issuers globally, today announced that their recently unveiled set of global standards for stablecoin issuers have…

Singapore, Singapore, October 8th, 2024, Chainwire Bitstamp has listed a Singapore Dollar-pegged stablecoin, XSGD, for the first timeThe partnership between StraitsX and Bitstamp means users can now seamlessly send and receive the SGD-backed stablecoin across borders with confidence StraitsX, the pioneering payments infrastructure for the digital assets space in Southeast Asia, has today announced the listing of XSGD, its Singapore dollar-pegged stablecoin, on Bitstamp, the world's longest-running cryptocurrency exchange.  This strategic partnership marks a significant step forward in enabling the…

The competition in the blockchain space is intensifying, with many projects seeking to carve out a niche through innovations in DeFi and Web3. However, one new entrant, GoodEgg (GEGG), is proving that the future of blockchain may lie in AI-driven social platforms. Despite Sui (SUI) launching its highly anticipated USDC stablecoin integration, GoodEgg’s recent announcement of a "social scoring" feature is stealing the spotlight. GoodEgg (GEGG) Takes Main Stage with Social Scoring Feature While Sui focuses on enhancing its DeFi…

The post $5.28 Trillion in Stablecoin Settlements Expected by 2024 appeared first on Coinpedia Fintech News In a recent survey conducted by Visa and Castle Island Ventures, a surge in stablecoin usage in H1 2024 was revealed. With settlement volumes expected to reach $5.28 trillion by year-end, the study reveals the adoption growth of stablecoins in the real world. The practical use cases range from cross-border payments, remittances, payrolls, and trade settlements. Further, 69% of respondents use stablecoins for currency substitution,…

The stablecoin market has achieved a remarkable milestone, reaching a total market capitalization of $170 billion. This figure has not been observed since the collapse of TerraUSD (UST) in May 2022. According to data from DeFiLlama, this marks a 42.86% increase from the $119.1 billion market capitalization in November 2023. Analyst Explains How Rising Stablecoin Supply is Bullish For Bitcoin Driving this resurgence are the top three USD-pegged stablecoins – Tether (USDT), with a market cap of $118.43 billion; USD…

Grand Cayman, Cayman Islands, September 5th, 2024, Chainwire After successful launches on other major networks, AUSD has deployed on Sui, tapping into the scalable, high-performance network and strengthening Sui’s stablecoin ecosystem. Agora, the stablecoin company led by early-stage finance and technology industry veterans Nick van Eck, Drake Evans, and Joe McGrady, has launched its industry-disrupting AUSD stablecoin on Sui, the Layer 1 blockchain offering industry-leading performance and infinite horizontal scaling. AUSD adds a key dimension to Sui’s surging list of…

The post Garlinghouse Reveals New Ripple Stablecoin Amid SEC Challenges appeared first on Coinpedia Fintech News Korea Blockchain Week has kicked off with a bang, revealing some groundbreaking developments poised to shake up the cryptocurrency market. In a notable media interaction at the event, Ripple CEO Brad Garlinghouse announced plans to introduce a new U.S. dollar-pegged stablecoin, Ripple USD (RLUSD). Currently, Ripple’s new stablecoin is in a private beta phase. Although Garlinghouse did not specify a launch date, it is…

The post Stablecoin Market Cap Hits New ATH Of $168B After 11 Months Of Consecutive Growth appeared first on Coinpedia Fintech News Stablecoin market cap has hit a new all-time high at $168 billion after 11 months of consecutive growth, beating its last peak in March 2022. The data excludes algorithmic stablecoins, whose value is maintained through algorithmic mechanisms. Crypto analyst Patrick Scott in an X Post shared that he thinks this is a sign that ‘New money is entering…

MakerDAO has introduced NewStable (NST) and NewGovToken (NGT) to enhance user participation in governance and ensure regulatory compliance as part of its strategic endgame plan. Token Swap and Governance Structure On August 22, MakerDAO announced the introduction of enhanced versions of its key digital assets: the DAI stablecoin and the MKR governance token. The new assets, named NewStable (NST) and NewGovToken (NGT), aim to improve user engagement and governance within the MakerDAO ecosystem. In the newly proposed framework, MKR tokens…