US dollar-pegged Stablecoins have become commoditized, diminishing the need for individual price tickers from the viewpoint of crypto users. Dollar-pegged stablecoins will eventually lose their price tickers, as exchanges abstract away the differently denominated stable tokens on the backend, presenting only a “USD” option to the user, according to Mert Mumtaz, CEO of remote procedure…
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Ripple CEO Brad Garlinghouse says the growth behind the stablecoin market has been “profound” as it announced BNY Mellon as the firm’s stablecoin custodian for RLUSD. Ripple CEO Brad Garlinghouse says there’s a widely-held belief that the stablecoin market could grow almost ten times over the next few years. The stablecoin industry is currently around…
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Nearly 30% of the 100 executives at a Fortune 500 firm said their company has plans or is interested in stablecoins, up from 8% who said the same last year. Interest in using stablecoins has tripled year-over-year from 2024 among company executives at Fortune 500 companies, according to a report by crypto exchange Coinbase. Nearly…
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Circle CEO Jeremy Allaire revealed four of the biggest reasons he’s “more optimistic” about crypto and stablecoins than ever before. Stablecoins could account for 10% of “global economic money” over the next ten years or more, according to stablecoin issuer Circle CEO Jeremy Allaire. It’s arguably a bold claim, but Allaire pointed to several factors…
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Central issues: The Fantom Establishment said it is reaching Circle and Tie to check whether the stage can do anything with the frozen assets. The stage says it can’t guarantee anything in that frame of mind, there’s presumably nothing more that should be possible about this episode. Already, Fantom needed to freeze more than $60…
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Changes Proposed By MakerDAO To Guard Users Against Centralized Stablecoin Crisis Key Ideas In order to reduce exposure to potentially impaired stablecoins and risky collaterals while maintaining DAI stablecoin liquidity, MakerDAO has proposed changes. Stablecoins with significant exposure to at-risk institutions are impacted by the banking industry crisis brought on by the failure of…
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BTC traders at Bitfinex and OKX have been reluctant to use margin markets for bearish bets, creating an imbalance that investors should keep an eye on. Cryptocurrency traders’ desire to create leverage positions with Bitcoin is strong, but it’s impossible to know if these traders are risk-takers or savvy market makers who hedge their positions.…
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