ECB’s Piero Cipollone stated stablecoin adoption might erode financial institution deposits, arguing that the digital euro would maintain banks on the heart of funds. Source link
Stablecoin treasury platform Velocity has raised $38 million in a Series A funding round to expand infrastructure that helps enterprises and financial institutions use stablecoins for cross-border settlement and treasury operations. The funding round was led by Dragonfly and FirstMark, with participation from Activant Capital, Capital One Ventures, QED Investors, Coinbase Ventures, Wintermute Ventures and…
EURC’s biggest-ever surge in addresses and wallets highlights rising interest in regulated euro stablecoins. Euro Coin (EURC) saw a sharp increase in on-chain activity as both daily active addresses and new wallet creation reached all-time highs in its four-year history, according to Santiment. The surge likely reflects growing demand for regulated euro-denominated stablecoins as the…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Aave’s GHO stablecoin needs liquidity, distribution, and real places to be used. A native Arbitrum deployment helps with all three, pushing the asset into one of Ethereum’s most active layer-2 environments. The useful way to read this is not as a guaranteed…
Trusted Editorial content material, reviewed by main business specialists and seasoned editors. Ad Disclosure The stablecoin market has a brand new heavyweight challenger, and it’s not arriving as a single issuer making an attempt to outmuscle Tether or Circle alone. Open Customary has launched Open USD, a dollar-backed stablecoin effort backed by greater than 140…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure For more details, visit the official website News platform. TL; DR Polygon reportedly processed roughly $80 billion in stablecoin transfer volume in May. The network claimed it overtook both Solana and BNB Chain in stablecoin settlement volume. Stablecoin activity matters because it…
Trusted Editorial content material, reviewed by main trade consultants and seasoned editors. Ad Disclosure TL; DR DeFiLlama information cited within the batch exhibits whole stablecoin market capitalization close to $315 billion. Ethereum spot ETFs reportedly recorded six consecutive days of outflows. The article ought to keep away from claiming stablecoin development straight…
Cross-border payout platform MassPay and Coinbase introduced a partnership on Thursday to supply stablecoin cross-border payouts. The partnership connects MassPay’s community in 180 international locations with the US-based change’s crypto infrastructure, permitting clients to maneuver between fiat, USDC and different digital property, the businesses mentioned in a joint assertion shared with Cointelegraph. MassPay CEO Ran…
