Morning Minute: Western Union Selects Solana for Stablecoin
GM! Here are the highlights for today: Major cryptocurrencies have dipped by about 1-2% as we approach the FOMC meeting. BTC stands at $113,200. Bitwise’s SOL ETF has broken the record for launch day volume in 2025. Western Union has unveiled a Solana-based stablecoin. MetaMask is launching Season 1 Rewards, offering $30 million in prizes. […]
Japan launches the first stablecoin tied to the yen
Japan Launches the First Yen-Pegged Stablecoin Japan is set to introduce its first stablecoin linked to the yen this coming Monday. This is quite a noteworthy development, given that cash and credit cards remain the dominant forms of payment in the country. The Japanese startup JPYC has revealed plans to issue a stablecoin supported by […]
Japan introduces its first stablecoin linked to the yen.
JPYC Stablecoin Set to Launch in Japan Starting Monday, Japan will see the introduction of the world’s first stablecoin that is pegged to the yen. This marks a notable development in a country where cash and credit cards dominate the way people conduct transactions. The startup JPYC has revealed plans to issue a stablecoin that […]
Ethereum Whales Steadily Gather Holdings as Stablecoin Usage Soars 400%
According to Token Terminal, over the last 30 days, stablecoin transfers on Ethereum have surged by 400%, reaching a staggering $581 billion across more than 12.5 million transactions. Currently, the market cap for Ethereum’s stablecoins stands at over $163 billion. However, Ethereum itself has dipped about 4.5% in the past week, briefly hitting a support […]
Tether Aims to Reach 100 Million Americans with USAT Stablecoin Through Rumble and New Investments
Lugano, Switzerland — Tether’s Expansion Plans Tether, the firm behind the leading stablecoin USDT, is gearing up for new investments to target its US audience, aiming for a user base of 100 million, according to CEO Paolo Ardoino in a recent interview. The upcoming USAT token is being crafted specifically for the American market, designed […]
Coinbase Introduces Stablecoin Payment System for Businesses
Coinbase is rolling out a new set of B2B payment tools that utilize USDC, a stablecoin pegged to the US dollar, making transactions as simple as sending an email. On October 16, the company announced a global payout feature enabling businesses to send USDC to any on-chain address or directly to an email. This means […]
BlackRock expands its cryptocurrency efforts with a revamped offering for stablecoin issuers
BlackRock, a major player in the investment world, is intensifying its focus on the stablecoin sector, as the company revealed to CNBC. This initiative, expected to be publicly announced soon, reflects a strategy to take advantage of the ongoing growth in cryptocurrency markets. With an impressive $13.5 trillion in assets under management, BlackRock has revamped […]
Tether Co-Founder’s Stablecoin USST Loses Its Value Shortly After Launch
STBL Protocol’s new stablecoin has already dipped below its $1 target shortly after launching, indicating some liquidity issues. On Friday, October 10th, the stablecoin USST was introduced by STBL, a platform co-founded by one of Tether’s original creators. Within hours of its arrival on Curve, USST fell to $0.96, which raised eyebrows regarding its reliability. […]
North Dakota bankers show cautious hope regarding the stablecoin news, but potential risks remain.
BISMARCK — Bankers, public officials, and academics are feeling a mix of optimism and caution after the Bank of North Dakota revealed its plans for a new digital currency. On Wednesday, October 8, the state-run bank introduced Rough Rider Coin, a stablecoin tied to the US dollar’s value, aimed at enabling near-instant bank transfers. In […]
Wall Street Banks Come Together to Introduce a Stablecoin to Compete with Tether and Circle
Major U.S. banks are reportedly collaborating to develop a new stablecoin aimed at competing with established players like Tether and Circle. This initiative reflects a growing interest within the traditional banking sector to integrate digital currencies into their operations, which could potentially reshape the financial landscape. The transition, however, may not be straightforward. Implementing stablecoins […]