Circle Stocks Drop as Coinbase, BlackRock Exit Stablecoin Market
The forthcoming Open USD has more than 100 major supporters onboard, including Coinbase—a key backer of Circle’s USDC.
Topic
50 articles found
The forthcoming Open USD has more than 100 major supporters onboard, including Coinbase—a key backer of Circle’s USDC.
The majority of businesses surveyed are likely to use stablecoins within the next 12 months, while regulatory clarity remained the biggest barrier to wider adoption.
The venture, called Open Standard, brings together more than 140 businesses for the stablecoin network and will issue a new US-dollar pegged stablecoin called Open USD, which is expected to go live later this year.
“Think Upwork for Agents with our fintech infrastructure and 150M scale in the background," an OKX rep said.
Expected to launch later this year, Open Standard said businesses will be able to mint and redeem Open USD without fees or volume limits.
The post Does RLUSD Eat XRP – Here’s What Onchain Data Say? appeared first on Coinpedia Fintech News Ever since Ripple launched its dollar-backed stablecoin RLUSD, many XRP holders have wondered whether it would reduce XRP’s role in the ecosystem. However, the latest on-chain report from one of the
The launch reflects a broader push to make stablecoins more useful beyond trading and transfers.
MetaMask launches Money Account it says offers up to 4% variable APY on mUSD stablecoin balances and card spending, with DeFi-powered yield via vaults, excluding the UK and EU.
The Financial Conduct Authority's proposal follows the Bank of England's backtracking on the limit to the value of stablecoins an individual could hold.
Executives at major platforms CoinDCX and CoinSwitch say the premium reflects a demand-supply imbalance and thin local liquidity.
BNY, the world's largest custodian bank, said it plans to add support for additional stablecoin via its Digital Asset Custody platform.
The post RLUSD Brings the Dollars, XRP Moves Them ; Analyst Explains Why There Is No Competition appeared first on Coinpedia Fintech News The debate over whether Ripple’s stablecoin RLUSD is slowly cannibalising XRP’s utility has circulated through the crypto community for months. Versan Aljarrah, f
The world's largest custody bank is adding USDC custody and minting services as stablecoins move deeper into traditional finance.
The move makes USDe more accessible to investment professionals wishing to take advantage of 'digital dollar exposure.'
The post Bank of Thailand Nears Completion of Baht-Backed Stablecoin Framework appeared first on Coinpedia Fintech News The Bank of Thailand is finalizing its framework for a 1:1 baht-backed stablecoin, with every token required to be fully backed by liquid reserves held in segregated accounts at li
India's USDT premium topped 8.5% after Enforcement Directorate raids on Bengaluru crypto firms reportedly disrupted stablecoin supply.
Emerging markets drive most real-world stablecoin usage, yet founder concentration and venture funding remain U.S.- and Europe-centric.
The $2.5 trillion asset manager deepens its blockchain push after taking over Superstate's tokenized money market fund as fund manager earlier this year.
USDT0, backed 1:1 by tethers, the largest stablecoin by market capitalization, is the third-largest holder of USDT.
The decline in search volumes this month coincides with aggregate stablecoin supply having reversed its 10-month expansion.