Over 41 million tokens have been minted ahead of New York's regulatory decision, while XRP surges past Tether and Solana to claim the third spot amid ETF filings and a new wave of meme coins.
Over 41 million tokens have been minted ahead of New York's regulatory decision, while XRP surges past Tether and Solana to claim the third spot amid ETF filings and a new wave of meme coins.
Ethereum has reclaimed its position as the primary blockchain for hosting USDT for the first time since 2022. Tether is minting new stablecoins on Ethereum as it expects higher demand.
Coinbase and Circle joined forces to offer 4.75% APY for USDC holders. This partnership is expected to attract users to Coinbase’s products, while also boosting the usage of USDC.
Quantoz is launching EURQ and USDQ, with Tether set to be delisted in Europe by the end of the year because it lacks an e-money license in a member state.
The growing interconnection between stablecoins and T-bills used for their backing is raising concerns. While the US Treasury admits the importance of a unified monetary unit for further tokenisation of legacy systems, it believes that the present stablecoin design is not suitable for that purpose.
Project mBridge suffers a huge blow as BIS exits the stage — as EU states express disquiet over the digital euro, and the U.S. Treasury eyes CBDCs replacing stablecoins.
