Fresh Money Flows to Crypto as Stablecoin Market Expands After 1.5 Years Downtrend
Tether’s USDT added $7 billion to its market cap since September, a sign of capital entering the crypto market, Matrixport noted.
Stablecoin
Aave’s GHO Stablecoin Nears Elusive Dollar Peg
The asset, which has been valued at less than $1.00 for nearly all of its life, gained ground this week and rallied to $0.985 for the first time since August. Its volatile gains aren’t doing anything to fix GHO’s reputation as a not-so-stablecoin, but they do set the token close to the levels one might expect from an asset that’s […]
Raft Suffers $3.3M Exploit That Drove Down Stablecoin 50%, but Hacker Likely Lost Money on Attack
Raft’s R stablecoin lost its dollar peg, dropping as much as 50% in the immediate aftermath of the exploit.
PayPal Faces SEC Subpoena Over Its PYUSD Stablecoin
Global payments giant PayPal (PYPL) received a subpoena from the U.S. SEC requesting documentation about its USD stablecoin on Wednesday.
Tether Will Publish Reserve Data in Real Time in 2024: Report
Stablecoin issuer Tether will publish real time data on the reserves backing USDT, the industry’s largest dollar-pegged stablecoin, according to a Bloomberg report.
U.S. Risks Unleashing Second ‘Eurodollar’ Market if It Dallies on Stablecoin Regulation
(Mathieu Stern/Unsplash, modified by CoinDesk)
Stablecoin Lender Liquity’s Token Gains 80% in Month as Activity Increases
(Jayashreee/Creative Commons)
DAI Stablecoin Surpasses $5B Market Cap on Higher Yield, Lifting Spark Protocol
The recently-introduced Enhanced Dai Savings Rate reversed some of the token’s decline in market value.
How PayPal Upended the Crypto Debate in Washington D.C.
The fintech giant’s PYUSD stablecoin has forced a rethink among Democratic policymakers who previously resisted federal legislation, says John Rizzo.
PayPal’s Stablecoin Not Likely to Be Used Widely Anytime Soon: Bank of America
Investors are likely indifferent to which stablecoins they hold as long as they are perceived as safe and accessible on the largest trading platforms, the report said.