Stablecoins
Open Interest in XRP Zooms to $1B as Ripple Tests RLUSD Stablecoin
Recent activities include minting significant amounts of RLUSD, suggesting the testing phase might be wrapping up or moving into a more active phase of development.
Ethena Announces UStb Stablecoin Backed by Blackrock's BUIDL
Reserves for UStb will be invested in BUIDL, which in turn holds U.S. dollars, U.S. Treasury bills, and repurchase agreements.
TrustToken, TrueCoin Settle With SEC Over Fraud Accusations in Stablecoin Investing
The California companies were accused by the U.S. Securities and Exchange Commission of misrepresenting the backing of stablecoin TUSD.
Stablecoins Are Becoming Systemically Important, Bernstein Says
Stablecoin supply is back to all-time highs with $170 billion in circulation, the report said.
Former Coinbase Executives Introduce Stablecoin-Native Exchange TrueX
TrueX says it caters to rising client demand for truly secure segregation between execution and custody.
Fintech Giant Revolut Said to Be Planning Stablecoin
Crypto-friendly Revolut is said to be quite far along in creating its own stablecoin, according to two people familiar with the plan.
Tether-Issued Stablecoin USDT's Market Share Grows to 75% as Market Cap Tops $118B
The largest stablecoin's market cap has almost doubled in two years, while key rivals declined and new entrants have yet to pose a challenge.
U.S. Consumers Say Crypto Is Here to Stay, Stablecoins Maybe Not: Deutsche Bank
Sentiment is somewhat bearish about the near-term outlook for bitcoin, the bank's consumer survey showed.
Ethena's Yield Machine Sees $1B Outflows as Crypto Market Cools – But There's Good News
The protocol faced a challenging environment as yields from arbitraging bitcoin and ether funding rates tumbled to near-zero. Even so, its USDe token held steady to its $1 peg.
SEC Might Challenge FTX Bankruptcy Estate From Paying Back Customers With Stablecoins
The SEC said that it may challenge any transactions of distributions involving crypto assets to creditors.
