Tag: Stablecoin
Coinbase Plans to Expand USDC Access in Africa
Reading time: < 1 minuteCoinbase has joined forces with Africa’s Yellow Card to expand its reach and provide access to its products in 20 African countries.
Aave to Integrate PayPal’s Stablecoin
Reading time: < 1 minuteThe integration of PYUSD from PayPal into the pools of the Aave DeFi platform has received overwhelming support from 99.99% of participating voters.
Barry Silbert Leaves Grayscale’s Board
Reading time: < 1 minuteBarry Silbert, founder and CEO of Digital Currency Group (DCG), along with Mark Murphy, DCG’s president, have submitted their resignations from the board of directors at Grayscale Investments.
Circle Obtains Digital Asset License in France
Reading time: < 1 minuteCircle, a stablecoin issuer, has recently received regulatory approval from the French Financial Markets Authority and has appointed a new Head of French Operations.
Bitwise Analyst Predicts Bitcoin Will Reach $80K
Reading time: < 1 minuteAccording to Bitwise expert Ryan Rasmussen, Bitcoin’s price could reach $80,000 in 2024 if there is a rise in the supply of stablecoins.
Binance to Withdraw BUSD Support in December
Reading time: < 1 minuteBinance announced that it will discontinue support for its BUSD stablecoin on Dec. 15.
Stablecoin’s Market Cap Jumped $600M in October
Reading time: < 1 minuteIn October, a total of $608 million was invested in fiat-backed digital currencies by investors.
Tether Says it Has $72.6B in Reserves in US Treasuries
Reading time: < 1 minuteTether’s recent certification report reveals that as of September 30, their assets included US Treasury bills worth $72.6 billion and securities worth $86.38 billion, making up 84% of their total assets.
Tether Blocks $873.118M Linked to Hackers and Terrorists
Reading time: < 1 minuteTether has also announced that it has blocked USDT tokens owned by terrorist groups, freezing a total of $873.118 million.
Binance Will Stop Stablecoin Transactions in Europe
Reading time: < 1 minuteIn line with the implementation of the European Union’s digital asset legislation (MiCA), Binance has committed to discontinuing the use of stablecoins by June 2024.
