stablecoin
-
Cryptocurrency
Stablecoin Market Cap Reaches All-Time High Approaching $200M, Led by Tether
The cryptocurrency landscape is experiencing a remarkable upswing following the election of a crypto-friendly government under President Trump. This shift has been accompanied by soaring cryptocurrency prices and an escalating demand for stablecoins. Since the election, the total value of the digital-assets market has skyrocketed by nearly a trillion dollars, marking a significant milestone in the crypto world. Notably, Bitcoin and Solana (SOL) have reached unprecedented heights, while stablecoins have…
Read More » -
Cryptocurrency
Stablecoin Market Cap Reaches New Peak Approaching $200M, Led by Tether
The cryptocurrency landscape has witnessed significant developments in recent times, particularly following the election victory of a crypto-friendly government led by Trump. This political shift has sparked a rally in cryptocurrency prices, drawing considerable attention to the digital-assets market. Notably, the market’s overall value has surged by nearly a trillion dollars, driving both Bitcoin and SOL to unprecedented levels. Amidst this surge, stablecoins have emerged as key players, breaking records…
Read More » -
Cryptocurrency
Tether Halts EURT Stablecoin Amid EU Regulatory Challenges
Tether, a prominent player in the cryptocurrency market, is undergoing a strategic transformation by discontinuing its euro-linked stablecoin, EURT. This move comes as the company aims to prioritize support for community-driven blockchain solutions in the face of increasing regulatory challenges in the European Union’s crypto landscape, particularly with the introduction of the Markets in Crypto-Assets (MiCA) regulations. Understanding Tether’s Decision to Phase Out EURT Tether has made the pivotal decision…
Read More » -
Cryptocurrency
Tether Halts EURT Stablecoin Amid EU Regulatory Challenges
Tether, the prominent issuer behind the world’s largest stablecoin, USDT, has announced a pivotal shift in its stablecoin offerings. As part of a strategic transition to prioritize community-driven blockchain support, Tether will cease support for its euro-linked stablecoin, EURT. This decision emerges amidst growing regulatory uncertainties in the European Union’s crypto market, particularly with the introduction of new Markets in Crypto-Assets (MiCA) rules. Tether Moves Towards Regulated Stablecoin Solutions In…
Read More » -
Cryptocurrency
Schuman Financial Launches MiCA-Compliant EURØP Stablecoin
As Europe prepares for the comprehensive implementation of the Markets in Crypto-Assets Regulation (MiCA) by the year’s end, a notable development has emerged in the cryptocurrency sector. Schuman Financial, a burgeoning cryptocurrency enterprise founded by former Binance executives Martin Bruncko and Eduardo Morrison, has unveiled EURØP, a euro-backed stablecoin. This innovative financial product, maintaining a 1:1 peg to the euro, is set to appeal to a global audience with its…
Read More » -
Cryptocurrency
Schuman Financial Launches MiCA-Compliant Stablecoin EURØP
As the European Union approaches the final enforcement deadline for the Markets in Crypto-Assets Regulation (MiCA) at the close of the year, a new player in the cryptocurrency landscape, Schuman Financial, has introduced an innovative euro-backed stablecoin known as EURØP. Founded by former Binance executives, including Martin Bruncko and Eduardo Morrison, Schuman Financial aims to expand the accessibility and functionality of the euro in the digital world. The EURØP Stablecoin:…
Read More » -
Cryptocurrency
Suspected Connections to Illegal Activities Revealed
Tether, the leading stablecoin by market capitalization, is currently under scrutiny by federal prosecutors in Manhattan. The investigation focuses on potential money laundering and sanctions violations. While Tether has dismissed these allegations as speculative, the ripple effect on the cryptocurrency market is undeniable. This article delves into the investigation’s details and its broader implications. Tether Faces U.S. Investigation for Alleged Criminal Activities On a recent Friday, a significant media outlet…
Read More » -
Cryptocurrency
Essence Finance’s CHI Stablecoin Plummets by 92%
The Alarming Decline of CHI Stablecoin In a dramatic turn of events within the cryptocurrency sector, Essence Finance, a notable project within the Scroll ecosystem, is currently facing intense scrutiny. This comes after the startling collapse of its stablecoin, CHI, which plummeted by over 92% in just 24 hours, reaching an alarming low of $0.077. Such a rapid decline has sent shockwaves through the community, leaving investors and analysts alike…
Read More » -
Cryptocurrency
What’s Happening to Binance? Coinbase Delisted Binance USD Stablecoin
On Feb. 27, Coinbase revealed that it will cease trading Binance USDs on March 13 due to its “listing standards.” This is a major development affecting the third-largest stablecoin by market capitalization in a significant manner. Binance USD Is Being Removed for Not Meeting Coinbase Qualifications Coinbase.com (simple and advanced), Coinbase Pro, Coinbase Exchange, and Coinbase Prime will be affected by the decision to suspend trading for Binance USD. As…
Read More » -
Cryptocurrency
Unleash The Power of USD Coin: A Thrilling Journey Through Its Benefits
USD Coin (USDC) is a stablecoin that is pegged 1:1 to the US dollar. Each unit of this circulating cryptocurrency is backed by $1 in cash and short-term US Treasury bills held in reserve. According to the central syndicate behind this instrument, USDC is issued by licensed financial institutions. Stabilcoin was first introduced on a small scale in September 2018. Simply put, the USD Coin’s slogan is “digital money for…
Read More »
