Circle CEO Hypes Stablecoin Market Growth With Astounding Prediction
Jeremy Allaire, CEO of Circle, has predicted that stablecoins will grow to capture up to 10% of the money supply in the next 10 years. Allaire highlighted that even with…
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USDS and RLUSD Stablecoins See Uptick in Supply Amid Broader Stablecoin Growth
The latest data highlights that the stablecoin market currently sits at $173 billion, with two recently introduced U.S. dollar-backed stablecoins showing significant growth. The decentralized finance (defi) project Sky, previously…
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This Week’s Crypto Gainers and Losers: Meme Tokens Outshine Bitcoin and Ethereum
In the midst of a more optimistic crypto market, both bitcoin and ethereum have enjoyed steady growth, climbing by 3.13% and 3.61%, respectively, over the past week. Additionally, several other…
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Trump’s World Liberty Financial Crypto Venture Reveals WLFI Token Structure
Former U.S. President Donald Trump has led the launch of World Liberty Financial, a new cryptocurrency venture, raising concerns about potential conflicts of interest. The project, featuring the WLFI token,…
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SEC Warns FTX Over Legality of Crypto Asset Distribution in Chapter 11 Plan
The U.S. Securities and Exchange Commission (SEC) has raised concerns over FTX’s plan to pay back claims using its “crypto asset securities.” The SEC’s Senior Trial Counsel, Therese Scheuer, has…
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Stablecoin Economy Swells by $1.53B in 3 Days Amid Market Rebound
With a 5% upswing in the crypto economy over the past day, following a broad market recovery, the stablecoin economy has ballooned by $1.53 billion in just three days. A…
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Bybit Launches Digital Rupee for Secure INR Payments
The crypto exchange Bybit has introduced a digital rupee (eRupee) as a new payment method for Indian rupee transactions. The launch aims to provide a secure alternative for INR users…
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Digital Assets Thrive in H1 2024, CME and Glassnode Report Finds
Digital assets showed significant growth in the first half of 2024, driven by increased institutional interest and the approval of spot bitcoin ETFs. According to a report from CME Group…
Justin Sun Developing Gasless Transaction Stablecoin Solution for Tron and EVM Chains
Justin Sun, founder of Tron, a smart contracts-enabled blockchain, has announced that his team is developing a gas-free transaction solution for stablecoins. This means that stablecoin movement fees will be…
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Crypto Exchanges Brace for EU’s MiCA Rules: Stablecoins Delisted by Uphold, Binance
This month, several cryptocurrency exchanges are delisting certain stablecoins to align with the European Union’s Markets in Crypto-Assets (MiCA) regulations, which establish more stringent rules for fiat-backed and algorithmic stablecoins…