Crypto companies and platforms that provide stablecoin rewards have become a major point of contention in the CLARITY crypto market structure bill. The banking industry should not be threatened by crypto companies offering stablecoin yield to customers, and both sides must compromise on the issue, according to White House crypto adviser Patrick Witt. Witt said…
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Paxos has proposed a fully compliant USDH stablecoin for the Hyperliquid ecosystem, with most of its yield funneled into HYPE token buybacks. Stablecoin infrastructure firm Paxos has submitted a proposal to launch USDH, a Hyperliquid-first stablecoin that would be fully compliant with the Guiding and Establishing National Innovation for US Stablecoins Act (GENIUS Act) and…
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Coinbase has revived its fund to boost USDC liquidity in DeFi, starting with supporting the stablecoin on Aave, Morpho, Kamino, and Jupiter. Coinbase is relaunching its Stablecoin Bootstrap Fund first introduced in 2019 to boost the liquidity of the stablecoin USDC in a range of popular and emerging decentralized finance protocols. Coinbase said on Tuesday its first…
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Soaring stablecoin reserves at Binance, falling Bitcoin dominance and a bullish chart pattern point to a possible altseason starting in the bottom half of 2025. Key takeaways: USDT and USDC balances on Binance hit a record $31 billion in June 2025. One analyst sees the reserve build-up as a “brewing liquidity explosion,” with investors waiting…
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Circle’s USDC has a market capitalization of over $61 billion, making it the second-largest stablecoin, second to Tether’s USDt. Circle’s USDC stablecoin launched on the XRP Ledger (XRPL) on Thursday, bringing the overcollateralized dollar-pegged token to users of the layer-1 blockchain network. According to an announcement from Ripple, the launch of USDC on the platform will enable investors…
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The XAUt0 token will compete with other gold-backed stablecoins and traditional gold investment instruments. Tether announced a partnership with the TON Foundation to debut an omnichain version of its gold stablecoin XAUt on The Open Network , in an effort to expand the token across ecosystems. The new token, “XAUt0,” was built on LayerZero’s Omnichain Fungible Token…
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Crypto industry observers in Canada are concerned that their industry is being left behind without a clear framework for stablecoins. The slow adoption of stablecoins in Canada has some local crypto industry observers concerned that the country is falling behind. The Canadian Securities Administrators (CSA) classified stablecoins as “securities and/or derivatives” in December 2022 after…
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Stablecoins are now primarily used to store value in countries with rapidly depreciating fiat currencies or prohibitive capital controls. As Bitcoin hovers around the $70,000 price level, investors and analysts debate the specific catalysts that will send markets higher. CryptoQuant founder and CEO Ki Young Ju recently explained that while stablecoin supply continues to grow,…
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Key Points: Representative Patrick McHenry is optimistic about the passage of cryptocurrency legislation, particularly a US stablecoin bill. McHenry highlights upcoming opportunities for legislative action before the elections but refrains from specifying timelines. According to Godleak, U.S. Representative Patrick McHenry, chairman of the House Financial Services Committee, provided insights into the progress of cryptocurrency legislation…
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Key Points: Novatti Gathering Ltd has added XRP Record support for its Australian dollar-upheld stablecoin AUDD. The stablecoin is expected to be utilized in applications like settlement, installment passage, exchanging pair, and stablecoin-as-a-administration. Additionally, Novatti has recently participated in a research project aimed at determining the benefits and applications of CBDC in Australia. Novatti Group…
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