Chainlink, Fireblocks Partner to Help Banks Issue Stablecoins
Chainlink and fireblocks partnership will manage the issuance, distribution and custody of tokenized assets, including stablecoins. Both Chainlink Labs and Fireblocks, a blockchain startup have recently revealed their intention to combine their operations, which has sparked conversations throughout the web3 industry. The companies stated that the purpose of this collaboration is to assist financial institutions […]
USDC Issuer Circle Relocates Headquarters to New York Ahead of IPO
Circle is seen as critical to the mainstream adoption of cryptocurrencies, providing a bridge between fiat currencies and the digital economy. Circle, the issuer of the second-largest stablecoin, USDC, is relocating its global headquarters to New York City ahead of its planned Initial Public Offering (IPO). The company will establish its new base on “one […]
Ripple Resumes RLUSD Minting with 90 New Tokens
This action highlights Ripple’s focus on maintaining liquidity and stability in the RLUSD ecosystem, with the stablecoins minted on the Ethereum blockchain. Ripple Labs has revealed that it has issued an additional ninety RLUSD stablecoin, which is part of the company’s ongoing aim to develop its digital assets. These mintings represent a big step for […]
China’s Digital Yuan Crosses $1 Trillion Transactions, Topping USDC & USDT
China’s Digital Yuan has grown rapidly, with transaction volumes exceeding $1 trillion, beating the combined activity of USDC and USDT. China’s Digital Yuan has seen significant growth, with transaction volumes exceeding $1 trillion, surpassing the combined activity of stablecoins like USDC and USDT. This milestone comes after over a decade of development and four years […]
DWF Labs Hints at Synthetic Stablecoin
The crypto market maker DWF Labs intends to introduce a stablecoin that could rival Ethena’s USDE. The co-founder of DWF Labs, Andrei Grachev, claims that the cryptocurrency trading and market-making business has completed the design of its synthetic stablecoin. Collateral assets like Bitcoin and other allocated cryptocurrencies are the foundation for synthetic stablecoins, which run […]