Consumers’ Research has launched a campaign against Tether, accusing the stablecoin issuer of being a threat to consumers and raising concerns about its potential to become the next FTX. The accusations include ties to the fallen FTX exchange, facilitating criminal activities, and a decade-long refusal to conduct a full audit.
Espresso Cash now allows users to pay or request USDC stablecoin on various blockchain networks, not just Solana, bringing enhanced flexibility to USDC transactions within the DeFi space.
PayPal has launched its Paxos-issued PayPal USD (PYUSD) stablecoin on the Solana blockchain, enabling users to facilitate cross-border transactions, remittances, and other payments on the high-performance network.
Former President Donald Trump’s 2024 campaign has announced it will accept cryptocurrency donations, including Bitcoin, Ether, and Dogecoin, as he faces multiple criminal charges and prepares for a potential presidential debate against incumbent Joe Biden.
Circle has confirmed plans to relocate its legal base from the Republic of Ireland to the United States, foregoing Ireland’s low corporate tax rates. This move is tied to Circle’s proposed initial public offering (IPO) plans, which were disclosed earlier this year.
The stablecoin market displayed resilience in April, with First Digital USD (FDUSD) recording a stellar month and Ethena’s USDe gaining significant momentum, while overall volumes dipped slightly from March’s highs.
A massive $1.3 billion USD Coin (USDC) transfer from whale addresses to the Coinbase cryptocurrency exchange is being viewed by analysts as a potential “giant buy signal” for Bitcoin and Ethereum, sparking speculation of significant capital deployment into these leading cryptocurrencies.
Binance has announced the conversion of its Secure Asset Fund for Users (SAFU) into the USD Coin (USDC) stablecoin, a move aimed at enhancing the stability and security of its user protection fund during market volatility.
Circle has partnered with Solana to introduce its cross-chain transfer protocol (CCTP) to the Solana blockchain ecosystem. This integration will enable secure and native swapping of USDC tokens between Solana and other blockchain networks like Ethereum, Avalanche, and Cosmos.
Coinbase has teamed up with veteran-owned coffee chain Compass Coffee to promote the use of cryptocurrencies, specifically the USD Coin (USDC) stablecoin, for everyday transactions.
