Ripple’s RLUSD Is Just $248M Away From Overtaking Paypal’s Stablecoin
Ripple’s RLUSD added $82.1 million in a single day to hit a record $2.49 billion, leaving it roughly $248 million behind Paypal’s PYUSD, which is shrinking this year. A Near-Tie…
Brent Johnson: BTC the Best “Pure Play” Asset for Rising Global Liquidity
Bitcoin Magazine Brent Johnson: BTC the Best “Pure Play” Asset for Rising Global Liquidity Is Bitcoin money, or the best pure play on global liquidity? Santiago Capital CEO Brent Johnson…
Scammers Use Fake USDT Tokens to Steal From Venezuelan Merchants
Reports indicate that scammers are taking advantage of the high level of adoption of USDT in Venezuela to send fake USDT tokens as payment. Scammers use fake USDT tokens with…
Dunamu Partners With Visa to Build Stablecoin, AI Payment Rails
Dunamu, the operator of Upbit, signed a strategic partnership with Visa on Aug. 27 to build stablecoin and artificial intelligence (AI)-driven payment infrastructure, the companies announced in San Francisco. Upbit’s…
BIS Warns Stablecoins Are Breaking Capital Controls as Dollarization Accelerates
The Bank for International Settlements (BIS) says U.S. dollar-pegged stablecoins are repeating a pattern central banks have watched for decades, and the regulatory tools that used to work no longer…
Crédit Agricole, World’s Largest Cooperative Bank, Launches Stablecoin EURXT
Crédit Agricole S.A. has launched a euro-backed stablecoin called EURXT and used it to settle the first subscription into a tokenized money market fund in Europe. According to the announcement…
140 Firms Including Coinbase and Ripple Launch the New Open USD Stablecoin
Visa, Coinbase, Stripe, Mastercard and more than 140 other companies are launching a new stablecoin called Open USD, built to move money across borders without the fees that come with…
Federal Reserve Moves to Close Stablecoin Loopholes With New Customer ID Rules
Bitcoin Magazine Federal Reserve Moves to Close Stablecoin Loopholes With New Customer ID Rules The Federal Reserve proposed Thursday that payment stablecoin issuers maintain written customer identification programs, a move…
Stablecoins: Evolution, not a Revolution
Bitcoin Magazine Stablecoins: Evolution, not a Revolution Technologies tend to have a natural ceiling built into their utility and popularity. Once they’ve solved all the problems they can solve, their…
Tether Is Buying Bitcoin’s Revolution, How Devastating Will The Consequences Be?
Bitcoin Magazine Tether Is Buying Bitcoin’s Revolution, How Devastating Will The Consequences Be? At a Glance The GENIUS Act in the U.S. gave private stablecoin issuers a legal framework while…