Hermetica Secures $1.7M to Expand Stablecoin USDh
Hermetica, the company behind the Bitcoin-backed stablecoin USDh, has raised $1.7 million in seed funding. The money will help USDh—a stablecoin intended to be backed by Bitcoin—grow. Rather than fluctuating in value like Bitcoin, a stablecoin seeks to maintain its value pegged to a stable asset, such as the US dollar. Without leaving the Bitcoin […]
Paxos Unveils Stablecoin Payments with Stripe
Paxos launched a stablecoin payments platform, with Stripe as the first to integrate, allowing users to accept stablecoin payments that settle in fiat currencies. Through the implementation of its brand-new enterprise-grade infrastructure, Paxos, the blockchain company that is responsible for the Pax Dollar stablecoin, is working to increase the use of stablecoins in the payments […]
Paxos Launches Yield-Bearing Stablecoin on Arbitrum
The yield-bearing stablecoin Lift Dollar from Paxos International has been introduced on the Ethereum layer-2 network Arbitrum. On October 9, the Financial Services Regulatory Authority of Abu Dhabi stated that Lift Dollar (USDL) would expand to Arbitrum. Lift Dollar is a subsidiary of Paxos based in the United Arab Emirates. Only a few weeks have […]
Ripple Mints Fresh 80,000 RLUSD, Likely Launch Time
Ripple Labs Inc. has increased RLUSD minting as community members quest for the stablecoin’s debut date. American blockchain payments company Ripple Labs Inc. continues to push forward with testing its RLUSD stablecoin. Just an hour before this report, the firm minted an additional 80,000 RLUSD tokens to refine the minting and burning process. This latest […]
Ripple Issues 350K RLUSD Stablecoin
Ripple recently expanded its RLUSD stablecoin operations by minting 350,000 units in two transactions: 300,000 and 50,000 RLUSD. In just 24 hours, Ripple successfully expanded its stablecoin operations by manufacturing an additional 350 units of its RLUSD stablecoin. This operation required the execution of two distinct transactions. One of the transactions cost 300,000 RLUSD, while […]