Stablecoin

Ripple will integrate its upcoming stablecoin into the billion-dollar transaction market, giving users a better experience, lower fees and faster settlement than existing options. However, according to Ripple CTO David Schwartz, this won’t wipe out XRP’s role in the ecosystem, as users who are best served by the crypto for payments and transfers will still have access. Much has been made about Ripple’s upcoming stablecoin, which will be launched later this year on the XRP Ledger. Some say it will…

Renowned digital asset researcher Anderson’s bold claims suggest that Ripple is poised to launch a stablecoin tailored for U.S.-based On-Demand Liquidity (ODL) customers. Ripple’s strategic move to introduce a stablecoin for U.S. ODL transactions underscores its efforts to maintain its foothold in the U.S. market amidst regulatory scrutiny. Renowned digital asset researcher Anderson has put forward assertive claims regarding Ripple’s forthcoming stablecoin, proposing a link with On-Demand Liquidity (ODL). In a recent post on X, Anderson suggested that Ripple intends…

The post Ripple’s Impending Stablecoin Raises Questions About XRP’s Future, Is the End Near? appeared first on Coinpedia Fintech News A recent inquiry has surfaced regarding Ripple’s Stablecoin and its potential impact on the XRP ecosystem. The discussion was sparked by statements from Ripple executive Eric van Miltenburg, suggesting that the stablecoin could enhance the XRP Ledger (XRPL) rather than diminish it.  However, questions have arisen regarding the role of XRP holdings in Ripple’s stablecoin backing, prompting clarification from Ripple’s…

The stablecoin market has recovered significantly from its plunge in the last two years due to the bear market, recording substantial volumes and activity since October 2023. According to a tweet by crypto market intelligence platform IntoTheBlock, the stablecoin market capitalization is currently at $160 billion, and it is steadily aiming for the all-time high of $188 billion recorded during the peak of the last bull cycle. Stablecoin Market Cap Recovers IntoTheBlock considers the growth in the stablecoin market cap…

Binance, the top crypto exchange, converts SAFU funds to USDC stablecoin for better security and transparency, ensuring user protection during extreme situations like hacks. This move reflects Binance’s adaptability to regulatory changes, following a previous conversion from BUSD to USDT and TUSD  Binance, the world’s largest cryptocurrency exchange, has announced the conversion of its Secure Asset Fund for Users (SAFU) holdings to Circle’s USD Coin (USDC) stablecoin. SAFU, established in 2018 as an emergency insurance fund, protects Binance users in…

On April 17, the two pro-crypto Senators introduced the Lummis-Gillibrand Payment Stablecoin Act. The bill “solves key policy challenges that have lingered around previous proposals and provides prudential regulation and added consumer protections to stablecoin issuers,” said Lummis, who added, “But above all, it allows innovation to prosper.” The Senators have been drafting the bill for months as customer protections and proper custody practices for issuers came into focus following the fallout of the FTX collapse. @gillibrandny and I are…

Democratic Senator and known crypto skeptic Sherrod Brown has expressed conditional support for stablecoin legislation, signaling potential progress amidst longstanding regulatory challenges. Sen. Brown’s Support For Stablecoin Legislation Senator Sherrod Brown (D-Ohio), known for his cautious stance on cryptocurrencies, has signaled potential support for advancing legislation concerning stablecoins. As the chair of the influential Senate Banking Committee, Brown’s openness to this legislation marks a significant shift in the crypto regulatory landscape. The legislation in question will soon be introduced in…

Dinari Global has successfully integrated Chainlink CCIP across the Arbitrum One and Ethereum mainnets, enabling seamless cross-chain transfers. The decision to adopt Chainlink’s CCIP underscores Dinari’s commitment to security and reliability in the Web3 ecosystem. In the latest development, Dinari Global announced the successful integration of Chainlink CCIP, the leading industry standard for secure cross-chain interoperability, across the Arbitrum One and Ethereum mainnets. By leveraging CCIP’s Simplified Token Transfer capabilities, Dinari will enable seamless cross-chain transfers of USD+, its fully…

The partnership between Shinhan Bank, SB Group, and Hedera through the Governing Council is driving forward the application of blockchain in stablecoin pilots. Utilization of Hedera’s comprehensive services, including HTS, HSCS, and EVM, demonstrates a robust framework for the future of financial technologies. The HBAR Foundation is propelling the Hedera ecosystem into the forefront of financial innovation. Key institutions like Shinhan Bank and Standard Bank Group are not only participating but actively leading the way through pilot programs focused on…