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Tag: Stablecoin

Readers Dessert April 9, 2025
  • Bitcoin

First Digital Claims Techteryx Requested $500M Transfer, Counters Justin Sun’s Accusations

Readers Dessert April 9, 2025
Stablecoin issuer First Digital Trust says it transferred over $500 million in TUSD reserves to the Dubai-based ARIA Fund at the request of Techteryx. Funds Transferred in Multiple Transactions First Digital Trust…
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Readers Dessert April 7, 2025
  • Bitcoin

Tron Founder: First Digital Trust Situation ‘Significantly Worse’ Than FTX

Readers Dessert April 7, 2025
Tron founder Justin Sun has compared the controversy surrounding First Digital Trust to that of FTX before its collapse but insists the former’s case is “significantly worse.” The FTX Comparison Tron blockchain…
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Readers Dessert April 2, 2025
  • Bitcoin

FDUSD Depegs After Justin Sun Alleges First Digital Is ‘Insolvent’ Amid $456M Dispute

Readers Dessert April 2, 2025
First Digital’s stablecoin, FDUSD, slipped almost 10% today, falling below its intended peg after news broke of a lawsuit targeting the company’s CEO. Adding fuel to the fire, Tron founder Justin Sun…
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Readers Dessert March 6, 2025
  • Bitcoin

Yield-Bearing Stablecoin Pools: The New Frontier of Passive Income in DeFi

Readers Dessert March 6, 2025
Similar to the practice of staking digital assets, yield-generating stablecoins and pools have garnered significant traction as a sophisticated mechanism for accumulating cryptocurrency holdings and generating passive income through prolonged holding periods.…
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Readers Dessert February 20, 2025
  • Bitcoin

Hong Kong Powerhouses Unite: Standard Chartered, Animoca Brands, HKT to Pursue Stablecoin License

Readers Dessert February 20, 2025
Standard Chartered Bank, Animoca Brands, and HKT have formed a joint venture to pursue a stablecoin issuing license from the Hong Kong Monetary Authority. ‘Digital Assets Here to Stay’ Standard Chartered Bank…
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Readers Dessert February 11, 2025
  • Bitcoin

Stablecoin Supply Jumps by $17B Since Beginning of 2025

Readers Dessert February 11, 2025
Blockchain metrics firm Glassnode has released data showing that circulating stablecoin supply has skyrocketed to roughly $211.2 billion since the beginning of the year, a $17 billion increase in less than two…
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Readers Dessert January 24, 2025
  • Bitcoin

Avant Launches Defi-Native Stablecoin Pair on Avalanche

Readers Dessert January 24, 2025
The tokens use sophisticated delta hedging market strategies to generate double-digit yields for investors. Yield-Focused Stablecoins Debut on Avalanche Defi platform Avant launched its yield-focused stablecoin pair AVUSD and SAVUSD on the…
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Readers Dessert January 23, 2025
  • Bitcoin

Taiwan to Unveil Draft Bill Allowing Banks to Issue Stablecoins

Readers Dessert January 23, 2025
The Taiwanese financial regulator plans to unveil a draft bill for virtual asset service providers (VASPs) in June, which includes a proposal allowing banks to issue stablecoins. Joint Management of Stablecoins The…
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Readers Dessert January 22, 2025
  • Bitcoin

Stablecoin Market Cap Hits Historic High of $213 Billion

Readers Dessert January 22, 2025
The growing popularity of stablecoins has seen the market cap hit a new high with USDT continuing to dominate the stablecoin market. New Market Cap High for Stablecoins The overall market capitalization…
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Readers Dessert January 12, 2025
  • Bitcoin

Usual Money’s Protocol Changes Shake Staked USD0 and Governance Token Values

Readers Dessert January 12, 2025
The stablecoin usual usd (USD0) has experienced a $340 million contraction in its supply over the past four days. This decrease coincides with an 8% decline in the value of the project’s…
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