Stablecoin
Open Interest in XRP Jumps to Over $1B; Bitcoin Mining Profitability Fell Again in September: JPMorgan
"CoinDesk Daily" host Christine Lee breaks down the biggest headlines in the crypto industry today, as open interest in XRP tokens have surged in the past few days amid the hype around Ripple Labs' forthcoming stablecoin RLUSD. Plus, a reorganization plan for bankrupt crypto exchange FTX has gained support from 94% of so-called FTX Dotcom customers and a JPMorgan report shows that bitcoin mining profitability fell for the third straight month.
Circle Signals Plans to Bring USDC to Australia With Venture Capitalist Mark Carnegie
The partnership appears set to cover the Asia Pacific region since Carnegie's company has offices in Australia and Singapore.
Curve Finance Mulls Removing TrueUSD as Collateral for Stablecoin Curve USD
“crvUSD is overexposed to minor stablecoins, especially TUSD which has a dubious track record and has recently been charged by the SEC with defrauding investors,” the proposer wrote.
SocGen's Crypto Unit Takes Euro Stablecoin to Solana After Flopping on Ethereum
The French financial services firm is betting on Solana's faster and cheaper attributes.
BitGo to Enter Stablecoin Market With Reward-Bearing USDS Coin
BitGo says USDS is an "open participation" stablecoin that provides rewards to institutions for providing liquidity to the ecosystem.
Circle's USDC in Brazil and Mexico Now Available to Businesses Via Banking System
Previously, the stablecoin could only be purchased through crypto exchanges.
English High Court Rules Tether's USDT Stablecoin Counts as Property
USDT attracts property rights as it can be the subject of tracing and can constitute trust property in the same way as other property, a judge in England declared.
Stablecoins Increasingly Used for Savings, Payments in Emerging Countries, but Crypto Trading Still Leads: Report
Commissioned by Brevan Howard and Castle Island Hill, the survey covered more than 2,500 crypto users in Brazil, Nigeria, Turkey, Indonesia and India.
EU Regulator Sees Official Journal Publication of Stablecoin Standards Before Year-End
The European Banking Authority estimates that 15 technical standards, including those for stablecoin issuers, will become official before the end of 2024.
Legacy Payment Processors Charge Adult Sites a Fortune; MyPeach.AI Found a Crypto Solution
Adult entertainment websites usually pay credit card companies through the nose. MyPeach.AI has found a stablecoin-powered workaround.
