Key Insights: Facebook’s Libra stablecoin, aimed at transforming global payments, was halted by U.S. political interference despite regulatory compliance. Crypto leaders allege the U.S. Treasury and Federal Reserve blocked Libra through political…
Category: Stablecoins
Tether Achieves $2.5B Q3 Profit and Reaches $120B USDT Circulation
Key Insights: Tether reports $2.5 billion net profit in Q3 2024, bringing total 2024 profits to $7.7 billion. USDT circulation reaches an all-time high of $120 billion, marking a 30% growth in…
Vitalik Buterin Endorses Celo as It Leads in Stablecoin Adoption Over Tron
Key Insights: Vitalik Buterin supports Celo for overtaking Tron in stablecoin addresses, highlighting Celo’s growing role in the blockchain ecosystem. Celo’s upcoming upgrade to Ethereum Layer 2 enhances its scalability and strengthens…
USDC vs. USDT – Understanding Key Differences Between the Two Leading Stablecoins
Stablecoins continue to play a key role in crypto, offering much-needed stability amid extreme price volatility. USDT and USDC are the most popular stablecoins as of May 2024. While they are both…
A Comprehensive Guide to Buying and Selling USDT on Binance P2P
One of the easiest ways to get in and out of crypto is through peer-to-peer (P2P) platforms. Binance is among the few exchanges that provide reliable P2P platforms as of May 2024….
How to Buy USDC in the United States – A Comprehensive Guide
Buying USDC (USD Coin) in the US can provide investment opportunities and also expose you to several risks, especially if you’ve never explored the crypto space before. Nonetheless, buying the stablecoin in…
Do Kwon’s Ex-finance Executive Deported to South Korea
According to a police announcement, Han Chang-joon, Terraform Labs’ ex-financial officer, has been deported to South Korea. In March last year, Han and Do Kwon, the firm’s co-founder, were apprehended at the…
Tether and Solana’s Yakovenko participate in $25M round for Oobit, a crypto payments company
Oobit announced the conclusion of the Series A funding round. The round saw active input from CMCC Global, Anatoly Yakovenko, Tether, and 468 Capital in raising the $25M needed by Oobit. Oobit…
A Detailed Guide on Crypto Synthetic Assets: What You Need to Know
Also referred to as ‘synthetic assets,’ crypto synthetic assets are digital financial instruments developed to imitate the performance and value of tangible financial assets or assets from the actual world without truly…
Circle’s USDC Token Pursues Native on Celo blockchain and Pay for Gas
The association between Circle and Celo will benefit the two parties as Celo continues advancing actual-world use cases and Circle extends its reach. According to the Celo Foundation, Circle’s USDC will unveil…
Visa Enables Crypto Withdrawal on Debit Cards
Users of MetaMask can sell crypto directly to a Visa card. This abolishes the need to utilize centralized exchanges. Visa, an international payment behemoth, is committed to adopting cryptocurrency by enabling another…