Stablecoin

The post How Ripple’s “RLUSD” Will Shake the Stablecoin Market: USDT, USDC Under Fire? appeared first on Coinpedia Fintech News In the latest Thinking Crypto Podcast, Tony Edward interviewed Markus Infinger, SVP of RippleX, discussing Ripple’s upcoming stablecoin, RLUSD, and its potential impact on the crypto market. With RLUSD’s introduction, Ripple aims to strengthen its position in the growing stablecoin sector. Offering RLUSD on both the XRP Ledger and Ethereum main chain enhances accessibility and flexibility for users and investors.…

Lisbon, Portugal, July 22nd, 2024, Chainwire Sunami Network is excited to introduce SUUSD, a new stablecoin that offers liquidity and return opportunities. This innovative stablecoin introduces a new approach to yield-bearing, allowing users to benefit from holding the coin. SUUSD combines the benefits of a term deposit and a current account. In accordance with the planned functionality, users can use it as a liquid asset for payments or value storage. These returns comes from a diversified portfolio of investments, leveraging…

The post DWS To Launch Germany’s First Regulated Euro Stablecoin by 2025 appeared first on Coinpedia Fintech News DWS, an asset management firm owned by Deutsche Bank, is planning to launch the first euro-denominated stablecoin regulated by Germany’s Federal Financial Supervisory Authority (BaFin). The CEO of DWS revealed that the stablecoin will cater to digital asset investors and industrial applications and stressed the expected wider demand for regulated digital currencies. Notably, This move aligns with the broader regulatory stage shaped…

EMURGO partners with Encryptus to launch USDA stablecoin, enhancing security and efficiency. The launch aligns with EU’s MiCA regulations, promoting financial stability and consumer protection. EMURGO is thrilled to announce that the Anzens USDA stablecoin will be introduced under seasoned crypto team Encryptus. As a technology provider, the EMURGO team will keep supporting the forthcoming launch, therefore advancing their promise to bring the USDA stablecoin to market. Under the bloc’s Markets in Crypto-Assets (MiCA) rule, which went into effect last…

The post PayPal PYUSD Stablecoin Supply Shot Up By 90% After Expanding To Solana Blockchain appeared first on Coinpedia Fintech News The PayPal PYUSD stablecoin supply in the market has shot up by 90% ever since it expanded to the Solana blockchain in May. Its market cap has surpassed $500 million as of July 8. Notably, 77% of its total supply i.e. $399 million is currently on Ethereum. The rest 23% i.e. $118 million is on the Solana blockchain network.…

The post Ronin Network Announces Integration Of PHPC Stablecoin On Its Platform appeared first on Coinpedia Fintech News The Ronin Network has announced the integration of PHPC, a Philippine peso-pegged stablecoin, onto its platform. Coins. ph has partnered with Sky Mavis to launch PHPC on the Ronin blockchain. This stablecoin is fully regulated and endorsed by the Bangko Sentral ng Pilipinas (BSP), the Philippine Central Bank. The introduction of PHPC marks a significant milestone for the Ronin blockchain, as it…

Zurich, Switzerland, July 8th, 2024, Chainwire Quick take Certo protocol, decentralized stablecoin lending, previously working with USDT, has added support for USDC deposits and borrows.stUSD is an interest-earning stablecoin utilizing Certo — a P2P lending protocol designed to work with tokenized real-world assets in the form of U.S. Treasuries. Certo, as detailed on certo.finance, represents a pioneering approach in the realm of decentralized finance (DeFi). It is a peer-to-peer (P2P) lending platform that brings real-world assets into the space. Specifically, Certo facilitates…

TRON’s new solution allows gas-free stablecoin transfers, covering costs entirely covered by the stablecoin itself. Justin Sun’s innovative service will first launch on Tron and then expand to Ethereum and EVM-compatible chains. In a recent tweet, TRON CEO Justin Sun said that his team is working on a novel way to enable gas-free stablecoin transfers. The new solution allows transfers to be completed without the need of gas tokens, with the stablecoin covering all costs. Implementation Across Multiple Blockchains This…

The post TRON Network’s Daily Stablecoin Transfers Surge To $13.93B appeared first on Coinpedia Fintech News The TRON Network has recently witnessed notable activity within its stablecoin ecosystem for the period spanning June 28 to July 4, 2024, as the average daily transfer volume of stablecoins surged to an impressive $13.93 billion across various stablecoins. The stablecoins include $USDD, $USDT, $USDJ, $TUSD, and $USDC. At the same time, the total market capitalization of stablecoins on the TRON platform stands at…