Stablecoins
SEC Alleges TUSD Hasn't Been Backed By USD Since 2022
The SEC alleged that 99% of the assets backing TrueUSD were invested into a speculative fund by September 2024.
Stablecoin Users in Five Emerging Economies Favor Ethereum: Survey
A report from Castle Island Ventures, Brevan Howard, Visa and Artemis surveyed 2,500 people from Brazil, Nigeria, Turkey, Indonesia, and India.
USDC Market Capitalization Surges to 15-Month High
At $34 billion, USDC’s market capitalization is at its highest level since March 2023, but the stablecoin lags well behind USDT, which boasts $117 billion.
PayPal’s PYUSD Becomes Sixth Largest Stablecoin After Solana Surge
PYUSD’s market cap is up 97% in the last 30 days.
Ripple Starts Testing Its RLUSD Stablecoin on XRPLedger and Ethereum
Tests are conducted in private beta until the token receives regulatory clearance.
Ethena Expands to Solana and Adds SOL to USDe Collateral Basket
The move aims to reverse Ethena’s dropping market capitalization.
Stablecoins Survive Stress-Test Amid Extreme Volatility
Blast’s USDB recovered from a de-peg event and Tether dominance rose by 7%.
Elixir Unveils Yield-Bearing Stablecoin To Compete With Ethena
Elixir’s deUSD is backed by a delta-neutral ETH position, accumulating Ether staking rewards and short funding rates to pay out yield to holders.
Colombia’s Largest Bank Taps Chainlink Proof of Reserves For COPW Stablecoin
Bancolombia Group entered the web3 sector in May after 10 years of research.
Hermetica Launches Bitcoin-backed Synthetic Dollar
USDh leverages the Runes protocol and currently offers a 12% staking yield.
