Stablecoins
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.
Usual Money Releases Public Mainnet and Incentives Program
The RWA-backed stablecoin has quickly made its way into the top 25 as it begins its "Pills” campaign.
SEC Drops Investigation into Stablecoin Issuer Paxos
The move comes just two weeks after a U.S. federal judge ruled that BUSD does not comprise a security.
