Stablecoin

Yellow Card’s African Push: Coinbase-Backed Platform Wins South African License

November 20, 2024 Bitcoin.com

bitcoin.com

Coinbase backed Yellow Card, a leading African crypto platform, has secured a crypto asset service provider (CASP) license from the Financial Sector Conduct Authority (FSCA) in South Africa. The license allows Yellow Card, which is also licensed in Botswana, to expand its operations and cater to the growing demand for stablecoin-based services. This latest milestone […]

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President Milei Issues Advice to Elon Musk’s D.O.G.E.: ‘Cut to the Chase’

Sky, formerly Maker, launches USDS stablecoin on Solana

November 20, 2024 Coin Telegraph

Coin Telegraph

Sky is offering $500,000 in USDS rewards for early adopters and stablecoin liquidity providers.

Decentralized finance lending and borrowing protocol Sky, formerly known as Maker, has deployed its USDS stablecoin on Solana in an effort to tap into the blockchain’s growing decentralized finance (DeFi) ecosystem. 

Sky said in a Nov. 19 X post that its USDS was “the first major DeFi-native stablecoin on Solana” and would allow new ways for lending, borrowing, and trading across Solana’s “top DeFi platforms.”

“Today’s launch marks the first step in Sky’s strategy to increase Solana’s DeFi liquidity and [total value locked],” it added. Sky said in the future, pending governance approval, it would roll out its SkyLink crosschain bridge for USDS and sUSDS, its “savings” version of the stablecoin. 

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President Milei Issues Advice to Elon Musk’s D.O.G.E.: ‘Cut to the Chase’

Binance Launchpool Announces Support for New Native Token of Decentralized Fiat Stablecoin Issuer

November 16, 2024 The Daily Hodl

Altcoins

Binance, the top global crypto exchange by trading volume, is rolling out support for the new native token of a decentralized fiat stablecoin issuer. Binance Launchpool, which lets users stake coins to farm new assets, says its 61st project will be Usual, a stablecoin issuer that aims to redistribute protocol ownership and governance through its […]

The post Binance Launchpool Announces Support for New Native Token of Decentralized Fiat Stablecoin Issuer appeared first on The Daily Hodl.

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President Milei Issues Advice to Elon Musk’s D.O.G.E.: ‘Cut to the Chase’

Mountain Protocol Brings Yield-Generating Stablecoin Products to El Dorado

November 15, 2024 Bitcoin.com

bitcoin.com

Mountain Protocol, a yield-bearing stablecoin project, has partnered with the P2P exchange El Dorado to bring yield savings products to Latin American customers. Both organizations have teamed up to offer up to 4.5% APY for El Dorado Earn customers. The initiative receives USDT and automatically converts it to USDM, allowing users to benefit from the […]

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President Milei Issues Advice to Elon Musk’s D.O.G.E.: ‘Cut to the Chase’

10 Months With Tether: USDT Supply Swells to $123 Billion, Leaving Rivals in the Shadows

November 10, 2024 Bitcoin.com

bitcoin.com

It has been over ten months, and through 2024, tether (USDT), the leading stablecoin by market value, has expanded its supply by 34.27%. Tether’s USDT Expands by 34% in 2024 Over the past year, USDT’s supply climbed by 34.27%, rising from $91.73 billion to $123.17 billion. Tether, launched nine years and eight months ago with […]

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President Milei Issues Advice to Elon Musk’s D.O.G.E.: ‘Cut to the Chase’

Trump Declared 47th US President, JPMorgan CEO Claims World War III Has Begun, and More — Week in Review

November 10, 2024 Bitcoin.com

bitcoin.com

Trump declared 47th US president, JPMorgan CEO claims World War III has begun, Global Dollar Network launches, and more in this Week in Review. Week in Review Donald Trump has been declared the 47th U.S. president. JPMorgan CEO Jamie Dimon warns that World War III may have started, citing unprecedented global risks. In fintech, a […]

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President Milei Issues Advice to Elon Musk’s D.O.G.E.: ‘Cut to the Chase’

Tether to Perform $2 Billion USDT Chain Swap to Ethereum

November 7, 2024 Bitcoin.com

bitcoin.com

Tether will transfer a portion of its USDT cold wallets from other blockchains to USDT on Ethereum via a chain swap. The overall supply of USDT will remain unchanged. Tether to Allow Traders to Utilize USDT Across Blockchains A chain swap is a procedure used to transfer cryptocurrency between blockchains. Through this procedure, crypto users […]

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President Milei Issues Advice to Elon Musk’s D.O.G.E.: ‘Cut to the Chase’

Thailand Arrests Police Officers Accused of Staging Fake Interrogation to Extort 165,000 USDT

November 2, 2024 Bitcoin.com

bitcoin.com

Thai police arrested seven individuals, including six officers, for allegedly staging a fake arrest and extorting 165,000 USDT from a Chinese-Vanuatu citizen. Fraudulent Legal Threats Thai police recently arrested six police officers and one civilian after a Chinese-Vanuatu citizen filed a complaint accusing them of staging a fake arrest and extorting 165,000 USDT. The Chinese […]

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President Milei Issues Advice to Elon Musk’s D.O.G.E.: ‘Cut to the Chase’

Sequoia to make $100M windfall from Stripe’s Bridge acquisition: Report

October 29, 2024 Coin Telegraph

Acquisition

Sequoia Capital owns 16% of Bridge, which is set to be acquired by payments platform Stripe for $1.1 billion. 

Venture capital firm Sequoia Capital, which owns 16% of stablecoin platform Bridge, could rake in over $100 million from Stripe’s $1.1 billion acquisition deal of the firm. 

Sequoia made a $19 million investment in the crypto firm’s Series A round, which took place within the last year, Bloomberg reported on Oct. 29, citing people familiar with the matter. 

Other VC firms are also set for hundreds of millions of dollars in windfall from their stakes in Bridge, including Ribbit Capital, Haun Ventures, Index Ventures, and Bedrock Fund Management.

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President Milei Issues Advice to Elon Musk’s D.O.G.E.: ‘Cut to the Chase’

Stablecoin Plunges 98% in 24 Hours, Sparks Rug Pull Allegations

October 26, 2024 Bitcoin.com

bitcoin.com

Early on Oct. 26, the U.S. dollar value of Essence Finance’s decentralized stablecoin, CHI, plunged by more than 90% after rumors emerged that more than $20 million of collateral had been removed. According to Geckoterminal data, the value of the stablecoin, which normally trades at par with the U.S. dollar, dropped by nearly 98% to […]

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President Milei Issues Advice to Elon Musk’s D.O.G.E.: ‘Cut to the Chase’