Stablecoin

The post PayPal’s PYUSD Stablecoin on Solana to Feature Confidential Transfers appeared first on Coinpedia Fintech News PayPal has deployed its PYUSD stablecoin on Solana, which was previously available only on Ethereum. The new feature, “confidential transfers,” was announced on May 29, aiming to allow merchants to keep their transaction amounts confidential for consumers while still being visible for regulatory purposes. This functionality strengthens Solana’s existing capabilities by improving speed and token programmability. Bitcoiner Udi Wertheimer has commented on the…

The post PayPal Adds Stablecoin PYUSD To Solana Blockchain appeared first on Coinpedia Fintech News PayPal Holdings Inc. is adding its PayPal USD token to the Solana Blockchain. PayPal had previously launched its stablecoin PYUSD on the Ethereum network. After a year, it will now launch on the Solana network as well. Solana’s speed and low transaction fees attracted PayPal to the blockchain. PYUSD currently has a market value of around 400 million dollars and a 24-hour trading volume of…

Austin, Texas, May 29th, 2024, Chainwire Agora brings to Sui an exceptional blend of technology, financial markets, and operations experience paired with blue-chip traditional finance partners and backers. Sui, the Layer 1 blockchain offering industry-leading performance and infinite horizontal scaling, announced the launch of stablecoin AUSD on the network, set to occur in July 2024. With this strategic deployment, which is only available on select chains, AUSD becomes the second native stablecoin within the Sui ecosystem as the number of…

Etherfuse has partnered with Brale to launch Real MXN (MXNe), a Mexican peso bond-backed stablecoin on the Solana and Stellar blockchain networks. The new stablecoin targets cross-border remittances and redefines the interaction between the Mexican economy and global finance. Stablecoins account for $161 billion in market cap globally and are among the most traded on most exchanges. However, almost all stablecoins are based on and backed by the US dollar, leaving billions of people who rely on other currencies out.…

Hex Trust Group is launching a stablecoin in partnership with Flare. The stablecoin is billed to drive utility to the broader DeFi ecosystem. Flare Networks, a prominent partner to Ripple Labs Inc has announced a partnership with digital asset custodian Hex Trust Group for USDX stablecoin integration. Flare’s Plans for USDX Stablecoin Launch According to the announcement, the USDX stablecoin is designed to help push the Flare ecosystem forward. Based on the partnership agreement, Hex Trust will use its tokenization…

According to financial analyst Carlo De Meijer, Ripple’s stablecoin could revitalize the XRP community and cement its position as one of crypto’s mainstays. Unlike some of the existing stablecoins, Ripple’s will be fully compliant, be issued on both XRPL and Ethereum and utilize blockchain for on-demand liquidity. Ripple grabbed headlines last month when it announced that it plans to launch a US dollar-pegged stablecoin later this year, as Crypto News Flash reported. According to one financial analyst, the stablecoin will…

The post Ripple Sets Sights on Stablecoin Market with ‘RLUSD’ Trademark appeared first on Coinpedia Fintech News Ripple Labs, the company behind the popular XRP cryptocurrency, has sent shockwaves through the crypto community with a recent trademark filing. The name? RLUSD. The application was filed on May 7 to the U.S. legal database Justia. While Ripple hasn’t officially confirmed anything, speculation is running rampant that this could be the ticker symbol for their upcoming dollar-pegged stablecoin. What is RLUSD and…

The post Ripple Files Trademark for RLUSD Stablecoin appeared first on Coinpedia Fintech News Ripple has filed a new trademark for the RLUSD stablecoin, instead of ‘USDR’ or ‘USDX’. The application for the RLUSD trademark was lodged with Justia, a U.S. legal database, on May 7. This move relates to the stablecoin Ripple intends to introduce in 2024, confirming speculation that RLUSD is likely to be the ticker symbol for Ripple’s forthcoming stablecoin. This decision has sparked diverse opinions among…

The post TrueUSD (TUSD) zero-fee trading campaign on Bitci amid Turkish stablecoin adoption surge appeared first on Coinpedia Fintech News TrueUSD (TUSD) has joined efforts with Bitci to offer various stablecoin campaigns, including a zero-fee trading campaign that offers users an opportunity to trade TUSD without fees.  This initiative offers a zero-fee trading promotion for the TUSD/TRY trading pair, making it an attractive time for traders and stablecoin users to engage with the cryptocurrency. Türkiye’s crypto market booms & TUSD…