Stablecoin

The post Tether Gears Up to Launch AED Pegged Stablecoin – Are You Ready? appeared first on Coinpedia Fintech News Tether, the issuer of biggest stable coin USDT is planning to launch a stablecoin tied to the UAE Dirham. This is a huge step for Tether as they expand their reach into the Middle East, a region that’s quickly embracing blockchain technology. Let’s understand what they are planning and how it affects the crypto community. What’s the Big Deal? Tether’s…

The post Tether’s New AED-Pegged Stablecoin: UAE’s Secret Weapon for Digital Dominance! appeared first on Coinpedia Fintech News Tether, a top Bitcoin (BTC) holder focused on the real-world assets (RWA) tokenization space, has announced plans to develop a new stablecoin that is pegged in the United Arab Emirates Dirham (AED). According to the announcement, Tether has partnered with Phoenix Group PLC, and Acorn Investments Ltd to develop and launch the AED-pegged stablecoin in the near term.  As a result, Tether…

The post Paypal PYUSD’s Records Massive Growth, Becomes The Sixth Largest Stablecoin! appeared first on Coinpedia Fintech News Paypal USD (PYUSD) has grown heavily over the last few days, becoming the sixth-largest stablecoin. It entered the market in August 2023 and immediately grabbed everyone’s attention. It has been part of the top 10 stablecoin category, bringing 500,000 transactions to the network. Moreover, in a new milestone, its supply grew by $140.9M in 10 Days, making it the sixth-largest dollar-pegged token.…

The post PayPal’s PYUSD Stablecoin On Solana Exceeds Its Supply On Ethereum! appeared first on Coinpedia Fintech News The supply of PayPal’s PYUSD stablecoin on Solana surpassed its supply on Ethereum. Since the launch in May, the PYUSD stablecoin on Solana has a supply of 377 million, while Ethereum-based PYUSD stands at 356 million. PayPal’s U.S. dollar-pegged stablecoin launched on Ethereum in August 2023 through a partnership with custodian firm Paxos. Following its rollout, PYUSD’s supply reached 230 million by…

Bitcoin buyers might be upbeat after the uptick on August 8. While traders are waiting for a conclusive close above $63,000, confirming bulls of the second half of last week, on-chain data points to risk and traders staying on the sidelines. Traders Cautious: Will The Bitcoin Consolidation Continue? Taking to X, one on-chain analyst said. However, traders are bullish and expecting immediate price expansion; key metrics show that most are more cautious, meaning the uptrend might be delayed. One key…

Paris, France, August 6th, 2024, Chainwire Today, leading enterprise-grade staking platform Kiln, announces the launch of Kiln DeFi, a new service for Kiln’s integrators. Kiln DeFi enables integrators to facilitate stablecoin rewards by providing seamless access to leading DeFi lending protocols like Aave, Morpho, and Compound. Using this infrastructure allows integrators to easily provide their users access to stablecoin rewards offered by DeFi lending protocols through native workflows within their wallets or platforms. Kiln DeFi enhances its recent initiatives by simplifying…

The post XRP News Today: Ripple’s New Stablecoin Launch Could Crush SEC Lawsuit—Here’s How! appeared first on Coinpedia Fintech News Ripple’s recent launch of a dedicated website for its RLUSD stablecoin has ignited speculation within the XRP community regarding the possible conclusion of the ongoing lawsuit with the SEC. While some XRP enthusiasts view this development as a sign that Ripple’s legal battles might soon end, legal experts advise caution, suggesting that the company could face new scrutiny.  Potential for…

The post Tether Drives Stablecoin Growth to 2-Year High, Market Cap Reaches $164B appeared first on Coinpedia Fintech News The stablecoin market has reached a significant milestone, soaring to a two-year high with market capitalization reaching $164 billion. This impressive growth has been driven primarily by Tether (USDT). Tether (USDT) currently dominates the stablecoin market, holding a commanding 70% share. Circle stablecoin USDC holds a 21% market share. Smaller players, including DAI, FDUSD, and TUSD, maintain their presence with smaller…

The post JD Taps into Hong Kong’s Digital Asset Hub with New Stablecoin appeared first on Coinpedia Fintech News Jingdong Technology Group’s subsidiary, Jingdong Coinlink Technology, has announced plans to launch a stablecoin pegged to the Hong Kong dollar at a 1:1 ratio. This stablecoin will be issued on public blockchains like Ethereum (ETH) and Solana (SOL). The Chinese e-commerce giant aims to create a highly liquid stablecoin with verifiable reserves. Regular disclosures and audit reports will ensure transparency. Jingdong…