Circle’s valuation surges to $6.6 billion amid growing USDC adoption, flipping competitor USDC in market cap rankings. The stablecoin issuer’s growth signals shifting dynamics in the digital dollar ecosystem.
Global banking giant Santander is evaluating the launch of dollar and euro-pegged stablecoins alongside expanded retail crypto services, reflecting a broader trend among major financial institutions amid evolving regulatory landscapes.
Binance Pay has made USD Coin (USDC) the default currency for new users, signaling growing institutional adoption of stablecoins. The move could boost USDC’s utility in global crypto payments.
PayPal continues its blockchain strategy by adding Solana and Chainlink to its digital asset lineup, bringing its total supported cryptocurrencies to seven while reinforcing its position as a bridge between traditional finance and crypto ecosystems.
Tether’s co-founder, Reeve Collins, has launched Pi Protocol, a new stablecoin offering yields on holdings, set to disrupt the stablecoin space on Ethereum and Solana networks.
Coinbase has set an ambitious goal to challenge Tether’s dominance by targeting its $86 billion market cap, aiming to expand its stablecoin offerings and market share. This article explores Coinbase’s strategy and its potential impact on the stablecoin landscape.
Crypto.com announces the delisting of Tether (USDT) for European Union customers by January 31, following new compliance measures with the MiCA regulations. This strategic move comes after receiving a license to operate within EU jurisdictions.
Circle, a leading stablecoin issuer, has contributed $1 million in USD Coin (USDC) to Donald Trump’s Inauguration Committee, signaling a significant move towards the mainstream acceptance and maturation of cryptocurrency.
Ripple’s XRP experienced a noteworthy 9% surge, reclaiming its third-place ranking in market capitalization following Ripple’s announcement of launching a new stablecoin, RLUSD. This move signifies a growing investor confidence in Ripple’s ecosystem and its expanding role in the stablecoin market.
The New York Department of Financial Services is poised to approve Ripple Labs’ RLUSD stablecoin, enhancing Ripple’s position in the competitive stablecoin market. The RLUSD, an overcollateralized dollar-pegged stablecoin, is expected to be launched following its approval, potentially increasing Ripple’s market influence.
