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The state of Wyoming is set to become the first US state to issue its own dollar-pegged stablecoin. According to a new official announcement from Wyoming Governor Mark Gordon, the Cowboy State is leading the charge in state-issued stablecoins by launching the Frontier Stable Token (FRNT). FRNT is backed by US dollars and short-term treasury reserves and will be available for use by all individuals and businesses to use, whether Wyoming-based or not. The token was launched in partnership with LayerZero and will have smart contract addresses on Arbitrum (ARB), Avalanche (AVAX), Base, Ethereum (ETH), Optimism (OP), Polygon (POL) and Solana (SOL). FRNT will be available for purchase on Solana via Kraken later this week. Says Governor Gordon, who is also the Chairman of the Commission, of the new stablecoin project, “For years, Wyoming has been the leading state on blockchain, cryptocurrency, and digital asset regulation, passing over 45 pieces of legislation ...

Tether, the world’s largest stablecoin, owns approximately 100,000 bitcoins (BTC), according to its Chief Executive Officer, Paolo Ardoino. Tether’s attestation for March 31 values its total BTC horde at approximately $7.6 billion, valuing each coin at $82,704. This same attestation claims that in the Tether reserves, there are approximately $5.6 billion more assets than liabilities — something it calls “equity.” JUST IN: Tether announces it owns over 100,000 #Bitcoin and more than 50 tons of gold. pic.twitter.com/0Ja83hCs1H — Bitcoin Magazine (@BitcoinMagazine) May 29, 2025 Read more: Circle vs. Tether: What’s in the reserves? What this implies is that if BTC were to plummet far enough without Tether selling any of its BTC, it could eliminate this equity and leave Tether without sufficient backing . The value of all the BTC would need to fall to approximately $2 billion for this to be a problem. This would be a su...

While Chainlink is slumping on Tuesday, the network’s co-founder suggests that the platform will be a leader in the upcoming stablecoin surge. Emerging stablecoin regulations in the U.S. are expected to drive global innovation by enforcing transparency, robust backing, and cross-chain integration in digital assets. With its advanced proof-of-reserves and seamless cross-chain connectivity, Chainlink could be the essential infrastructure for secure and efficient stablecoin development. As a result, its native LINK cryptocurrency could also see its value rise. Chainlink Co-Founder: Chainlink Is the Platform For Stablecoins Chainlink’s co-founder, Sergey Nazarov, recently signaled that forthcoming U.S. stablecoin regulations are set to catalyze a global surge in digital asset innovation. He feels that Chainlink’s capabilities make it the best choice for housing these stablecoins and executing transactions. Chainlink distinguishes itself with its advanced proof-of-reserve technol...

Ripple’s stablecoin RLUSD has been approved by Dubai’s regulator for use in its Dubai International Financial Centre (DIFC), the Middle East’s leading international financial hub. “Another milestone as we expand our footprint in the DIFC and across the UAE,” Ripple said in response to the approval in a June 3 X post . RLUSD Could Soon Be Used By Nearly 7,000 Companies The approval means that RLUSD can be used by the nearly 7,000 Dubai Finanical Services Authority(DFSA)-regulated companies that operate in the DIFC, Ripple said in its announcement . Ripple added that the DFSA greenlight means the company can cater to the “huge interest from businesses of all sizes for cross-border payments and digital asset custody solutions“ in the Middle East and Africa (MEA) region.  The development also builds on the company’s growing footprint in the Middle East. Ripple’s recent partnerships include agreements with local banks and paym...

The cryptocurrency market could see a major shakeup take place with some of the biggest brands in the industry. Specifically, USDC stablecoin issuer Circle is moving forward with its plans for an IPO, as both Coinbase and Ripple are reportedly in talks to acquire the company, according to a Fortune report. Circle Internet Financial had filed paperwork in April to see its initial public offering plans finally come to fruition. However, that has come into question as talks about purchasing the company have heated up in recent weeks. Now, all eyes are on what the stablecoin firm could do next and what either move would mean for the sector at large. JUST IN: Circle $USDC in "informal talks" to sell itself to Coinbase or Ripple, Fortune reports. — Watcher.Guru (@WatcherGuru) May 19, 2025 Also Read: USDC Issuer Circle Approved As Money Service Provider in Abu Dhabi Circle In Talks to Sell to Coinbase or Ripple as IPO Plans Are a Go Just weeks ago, Ripple had reportedly made a play ...

Tether Bitcoin purchase has hit a new milestone in cryptocurrency adoption. The stablecoin company moved 7,629 BTC worth $705.25 million into its reserve wallet. This move helps reduce crypto market volatility through stablecoin investment and makes Tether the second-largest private Bitcoin holder, with reserves of 82,983 BTC. Just in: #Tether Bitcoin reserves have received 7,629 $BTC worth $705.25M from #Bitfinex after being dormant for 9 months. Currently, #Tether Bitcoin reserves hold 82,983 $BTC accumulated for $2.99B at an average price of ~$36,125. Currently, these $BTC are worth $7.68B.… pic.twitter.com/nOhyNWpgby — Onchain Lens (@OnchainLens) December 30, 2024 Also Read: Bitcoin to $1M: How a U.S. Reserve Could Make It Happen How Tether’s $705 Million Bitcoin Purchase Affects Market Volatility & Adoption Source: cryptodnes.bg Strategic Reserve Building TETHER ADDS ANOTHER $700M BITCOIN TO RESERVES SOURCE: ARKHAM pic.twitter.com/jhj4jIEh5o — Arkham (@arkham) December 30, 20...

Ripple Labs (XRP) could see their stablecoin receive regulated approval very soon, according to a Fox Business report. New York’s top crypto regulator is close to greenlighting a new stablecoin issued by Ripple, which could be launched next month. JUST IN: New York's crypto regulator nearing approval of Ripple-issued stablecoin, Fox Business reports. — Watcher.Guru (@WatcherGuru) November 29, 2024 People close to the matter say the New York Department of Financial Services has indicated to Ripple it will approve the stablecoin. Ripple is reportedly eyeing a possible launch date of Dec. 4. If approved Ripple Labs will be allowed to legally offer its stablecoin RLUSD to the public. Ripple Continues to Shine: Stablecoin Launch Imminent? Following its years-long legal battle with the SEC, Ripple has flourished in the final months of 2024. The company’s native cryptocurrency is now the fifth largest in the world by market cap. Ripple Labs’ decision to launch a stablecoin ...

In what is a massive development for the industry, Brazil has seen its crypto imports increase a remarkable 60.7% through September. Moreover, that has seen the total et imports of digital assets surpass the entire 2023 total, according to central bank data. Brazil’s cryptocurrency market now stands as the 10th largest in the world, according to Chainalysis data. One of the key reasons for the increase has been an influx of stablecoin usage within the country. The US dollar-pegged digital asset accounted for almost 70% of all crypto-related transactions. JUST IN: Brazil's crypto imports rose 60.7% in the first nine months of 2024, surpassing the total for all of 2023. — Watcher.Guru (@WatcherGuru) October 29, 2024 Also Read: Circle Expands Access to USDC in Brazil and Mexico Brazil Crypto Usage Surges, as Total Imports Already Beat 2023 2024 has proven to be a massive year for cryptocurrencies. In the United States, the asset class has been front and center. Two crypto-base...

Source: Ethena Labs On September 26, 2024, Ethena Labs announced the launch of its new stablecoin, UStb, backed by BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL). This initiative represents a strategic collaboration with Securitize , aimed at enhancing the stablecoin landscape. Ethena Labs asserts that UStb will provide a safer and more stable alternative compared to its existing synthetic dollar stablecoin, USDe. We are excited to announce Ethena's newest product offering: UStb UStb will be fully backed by @Blackrock BUIDL in partnership with @Securitize, enabling a separate fiat stablecoin product alongside USDe Details below on why this is important: pic.twitter.com/jOIoMef7W3 — Ethena Labs (@ethena_labs) September 26, 2024 A New Era of Stability Ethena Labs’ new stablecoin, UStb, is designed to anchor its value in liquid assets, primarily utilising BlackRock’s tokenized fund. BUIDL is distinguished by its backing o...

MakerDAO, the lending protocol that operates the popular Dai stablecoin, has passed an executive vote that will disable future borrows against wrapped bitcoin (WBTC) after it was announced the asset was transitioning to a new joint venture that would involve BiT Global, BitGo, and Justin Sun. The changes don’t affect current borrows of WBTC but will prevent users from making new borrows against it.  There’s currently approximately $466 million in WBTC value in MakerDAO, according to data from makerburn.com. This proposal also reduces stability fees for several assets, including ETH and WBTC, and reduces the Dai Savings Rate to 6% . How involved is Justin Sun with WBTC’s new custodian BiT Global? Read more: Justin Sun has 99 problems and WBTC is two of them This change comes after BitGo, the custodian that has traditionally held the bitcoins associated with WBTC, announced it was transitioning WBTC to a joint venture between itself, BiT Global, and Sun. Initially, B...

BIS’s 2024 Strategy Unveiled: CBDCs and Tokenization Key Focus. Project Promissa to digitize Promissory Notes using blockchain tech. Project Aurum advances CBDC privacy in retail payments with HKMA. The Bank for International Settlements (BIS) is set to make significant strides in digital currency research, emphasizing central bank digital currencies (CBDCs) and tokenization in its 2024 strategy. The BIS Innovation Hub has outlined a comprehensive program, featuring six new projects, exploring cybersecurity, financial crime, CBDCs, and green finance. Among the key initiatives are the second phase of Project Aurum and the launch of a blockchain-based tokenization project, Project Promissa. Project Promissa: revolutionizing financial instruments with tokenization Project Promissa, a collaborative effort involving BIS, the Swiss National Bank, and the World Bank, aims to usher in a new era for financial instruments. Focusing on digitizing promissory note...

Leading tokenization platform Paxos has announced its expansion into the Solana blockchain, marking a significant move beyond its previous Ethereum exclusivity.  The integration into Solana (SOL) is a strategic step for Paxos, given Solana’s reputation for high-speed transactions and lower fees. This move particularly benefits U.S. dollar stablecoin s and payment processes, as Solana’s network offers an efficient and cost-effective environment. Paxos’s stablecoin , USDP, is expected to leverage Solana’s robust architecture to enhance its performance further. 2/ @Paxos’ expansion of their USDP stablecoin issuance program, which was previously exclusive to Ethereum, now comes to the payments-friendly Solana blockchain, which Features : Rapid transaction speed Near-instant settlement 🪙Negligible transaction fees… — Solana (@solana) December 22, 2023 Raj Gokal, co-founder of Solana, believes this collaboration will enable Paxos to continue its pursuit ...

USDT’s market cap climbed to new highs during November 2023 as tokens in the broader crypto ecosystem and defi recorded price sprints due to significant cash inflows. Tether’s USDT, crypto’s largest stablecoin, achieved an all-time high of $89 billion on the back of increased minting activity by the digital asset payments giant since late October 2023 according to Arkham Intelligence, an on-chain analytics provider. USDT’s market cap grew by $4.5 billion in 30 days with the lion’s share of this new supply minted on Tron, the cryptocurrency network created by HTX advisor and Poloniex founder Justin Sun. Tether minted $3 billion on Sun’s blockchain.  Additionally, the Kraken deposit wallet ‘TQef1’ received $2.5 billion, while $400 million of these new Tether tokens were created within a week. gm In the past month, USDT supply has grown by $4.5B with $3B USDT minted on Tron. $2.5B of that has been minted to a single Kraken Deposit address, TQef1. In the past week alone, they’v...

13-year-old Blake Cockram founded CryptoKicks last year, and now he is teaching sneakerheads in the U.K. about all things crypto. Footwear has long been a critical element of culture and fashion worldwide. For some, shoes exist only to protect one’s feet from the elements; but for others, they are the most critical part of a wardrobe. Sneakers, in particular, have developed a cult following, with some ultra-rare pairs selling for tens of thousands of dollars.  An entire industry has developed around sneaker culture, ranging from the shoe manufacturers and retailers themselves to the influencers who help drive the culture. And as Web3 becomes more mainstream, big sneaker brands like Nike are dipping their toes into nonfungible tokens (NFTs) and the metaverse, while play-to-earn projects like StepN have also experimented with tokenizing shoes. One particularly active group is resellers, who purchase just released, high-demand shoes and resell them to eager buyers who missed out on the...

A Venezuelan oppositioner Leopoldo Lopez praised crypto as a tool to overcome censorship but also addressed its dependency on corrupted banks. As Venezuela struggles with a humanitarian crisis, crypto has become a vital tool for many Venezuelans seeking to preserve their savings. At the same time, the bolivar (VES), the official currency of Venezuela, has lost its value. Leopoldo Lopez, the founder of Venezuelan political party Voluntad Popular and a close associate of Venezuela’s best-known opposition leader Juan Guaido, has told Chainalysis in an interview that crypto currencies, particularly stablecoins, helped Venezuelans overcome volatile inflation rates, which averaged 3634% between 1973-2023. Chart comparison between VES value and crypto purchases with the national currency | Source: Chainalysis You might also like: Venezuela authorities seize Bitcoin mining machines from notorious prison Lopez acknowledged that cryptocurrencies played a key role for Ve...

PayPal’s introduction of a Crypto Hub and the launch of its stablecoin, PYUSD, mark a significant step in the crypto currency space. PayPal, a California-based fintech company, unveiled its new crypto hub on Aug. 7. It allows users to engage in various crypto-related activities.  In particular, PayPal users can buy, sell, send, and receive various crypto assets, including the newly introduced PayPal stablecoin, PYUSD.  The company claims its stablecoin, pegged 1:1 to the US dollar, is backed by secure assets like short-term treasuries and cash reserves, emphasizing stability within the volatile cryptocurrency market. You might also like: Huobi to launch PayPal’s stablecoin trading Regulatory hurdles and advocacy for clarity The emergence of PayPal’s stablecoin has sparked a debate within the regulatory sphere. On the one hand, Democratic congresswoman Maxine Waters has expressed concerns over PayPal’s decision to launch PYUSD without a comprehensive r...

On this week’s episode of The Market Report, Cointelegraph’s resident expert discusses Ripple’s latest win against the SEC and what it means for the crypto market. In the latest episode of The Market Report , Cointelegraph analyst and writer Marcel Pechman discusses Ripple’s partial victory against the Securities and Exchange Commission and its impact on the crypto market. Although people traded based on emotion after headlines popped out, the next day, as investors could process what happened, the altcoins gave away half of the gains. On July 13, the United States District Court for the Southern District of New York ruled that Ripple’s XRP (XRP) token is not a security — but only for programmatic sales on digital asset exchanges. The question of sales to institutional investors remains an open case. Moreover, according to a former chair of the Commodity Futures Trading Commission, Timothy Massad, the SEC could appeal the judge’s decision. Therefore, this initial win for Ripple could...

MAS Proposes Common Standard For Digital Currency The Monetary Authority of Singapore on June 21 published a whitepaper on Purpose Bound Money (PBM), proposing a common standard for use of digital money as big banks and investors continues to bet on digital asset transfers and trading despite intense scrutiny from regulators. advertisement The whitepaper proposes a common protocol to specify conditions for the use of digital money such as Central Bank Digital Currencies (CBDCs), tokenised bank deposits, and stablecoin s on a distributed ledger. It details the concept of Purpose Bound Money (PBM), enabling senders specify conditions from validity period to shops when making digital money transactions. The paper is part of Project Orchid, a collaboration between the MAS and industry partners to build the foundational digital infrastructure and platforms for digital currency use cases. It outlines PBM lifecycle from issuance to redemption, as well as the protoco...