Stablecoins

The stablecoin market reached a new high in December 2024, crossing the $200 billion mark in total market capitalization for the first time, according to the Decemeber 2024 edition of CCData’s Stablecoins & CBDCs Report. This growth reflects the expanding role of stablecoins in the digital asset ecosystem, despite tightening regulatory pressures, particularly in Europe. […]

On Dec. 17, Ripple announced that the trading of its new dollar-backed stablecoin, Ripple USD (RLUSD), had gone live on multiple exchanges around the world: The stablecoin launched on both the XRP Ledger and Ethereum blockchain, ensuring broad accessibility and interoperability. In a press release issued on Monday, Ripple stated that although the launch of […]

Coinbase users in Europe have expressed frustration over the region’s evolving crypto regulations after the exchange announced it would discontinue its yield program for the stablecoin USD Coin (USDC). The decision, communicated via email to affected users on November 28, is attributed to the European Union’s Markets in Crypto-Assets (MiCA) regulatory framework. The USDC rewards […]

Tether, the issuer behind the world’s largest stablecoin, USDT, has announced its decision to discontinue support for its euro-backed stablecoin, EURT. The move reflects both shifting market dynamics and evolving regulatory conditions in the European Union. Tether emphasized that community interest remains central to its decision-making process. The company stated that it continuously evaluates its […]

Two leading cryptocurrency exchanges, Binance and Coinbase, saw a whopping $9.3 billion worth of stablecoin inflows on the Ethereum network after Republican candidate Donald Trump won the U.S. presidential election. According to analysis from on-chain analytics firm CryptoQuant, out of the $9.3 billion worth of ERC-20 stablecoins deposited not these exchanges, $4.3 billion flowed to […]

Seven crypto and fintech companies announced the formation of a new stablecoin project called Global Dollar Network on November 4, 2024. The founding members are cryptocurrency custodian Anchorage Digital, crypto exchange Bullish, trading firm Galaxy Digital, crypto exchange Kraken, payments company Nuvei, regulated blockchain infrastructure provider Paxos, and retail trading platform Robinhood. According to the […]

On Monday, in an open letter addressed to Vice President Kamala Harris and Former President Donald Trump, Paxos Co-Founder and CEO Charles Cascarilla outlined the need for stronger U.S. support for blockchain technology, cautioning that America’s financial leadership could be at risk. Paxos is a regulated fintech company that provides blockchain infrastructure for managing digital […]

According to Dante Disparte, stablecoin issuer Circle’s Chief Strategy Officer and Head of Global Policy, the UK is expected to introduce stablecoin regulations within the coming months. Per a report by Ryan Browne for CNBC, Disparte, who shared his outlook during an interview in London, believes the country will soon establish formal guidelines for stablecoins, […]

Stripe, a major player in the FinTech space, has reportedly completed its largest acquisition to date, purchasing stablecoin-based payments network Bridge for $1.1 billion. Former TechCrunch editor Michael Arrington confirmed the acquisition in a post on the social media platform X on October 20. Neither Stripe nor Bridge has yet provided an official comment on […]

PayPal’s stablecoin, PYUSD, has experienced a dramatic decline in market capitalization over the past six weeks, going from over $1 billion to around $610 billion at the time of writing. Once a top four stablecoin, PYUSD’s value has plummeted from its August peak, suggesting a significant loss of investor confidence. The decline has been attributed […]

Ripple has revealed its key exchange partners for Ripple USD (RLUSD), its upcoming USD-denominated stablecoin. RLUSD will be accessible to institutions and users through a network of global exchanges and platforms, including Uphold, Bitstamp, Bitso, MoonPay, Independent Reserve, CoinMENA, and Bullish. Ripple’s CEO, Brad Garlinghouse, noted that customers and partners have been looking for high-quality, […]

On 9 October 2024, Stripe announced a new feature, Pay with Crypto, which allows U.S.-based businesses to accept stablecoin payments that automatically settle as fiat in their Stripe balance. This service, currently in a limited public preview, is designed to simplify the process of accepting cryptocurrency by removing the complexities of holding or converting it […]

PayPal recently completed its first business payment using its proprietary stablecoin, PYUSD, marking a significant step in demonstrating how digital currencies can streamline commercial transactions, according to a report by Paige Smith for Bloomberg News. The payment, made on 23 September 2024, was for an invoice sent to Ernst & Young LLP and was facilitated […]

Visa has introduced a new product aimed at revolutionizing the way banks engage with blockchain technology. The Visa Tokenized Asset Platform (VTAP) will allow financial institutions to issue fiat-backed tokens on blockchain networks. The platform is designed to help banks seamlessly bridge traditional fiat currencies with emerging blockchain-based assets. According to Visa’s announcement, VTAP offers […]

The Federal Reserve’s 50 basis points rate cut earlier this month is set to cost lading stablecoin issuers around $625 million per month, as the interest earned on the reserves backing these stablecoins dropped as a result. That’s according to CCData’s latest Stablecoins & CBDCs report, which details that the five largest centralized stablecoins – […]

On September 27, CCData Research unveiled the September 2024 edition of its “Stablecoins & CBDCs” Report, providing a comprehensive overview of recent trends and market dynamics within the stablecoins and central bank digital currencies (CBDCs) sectors. CCData, authorized by the Financial Conduct Authority (FCA) as a benchmark administrator, is a prominent provider of institutional-grade digital asset data. […]

On 29 August 2024, CCData Research unveiled the August 2024 edition of its “Stablecoins & CBDCs” report, providing a comprehensive overview of recent trends and market dynamics within the stablecoins and central bank digital currencies (CBDCs) sectors. CCData, authorized by the Financial Conduct Authority (FCA) as a benchmark administrator, is a prominent provider of institutional-grade […]

Wyoming is already positioning itself for the next significant evolution in the crypto space: consumer payments, according to a report by Tanaya Macheel for CNBC. The state is planning to launch its own U.S. dollar-backed stablecoin, named the Wyoming Stable Token, by the first quarter of 2025. This initiative aims to provide a faster and […]

Ripple Labs has announced the initiation of beta testing for its new stablecoin, Ripple USD (RLUSD), on both the XRP Ledger (XRPL) and the Ethereum mainnet. This development marks a significant step in Ripple’s efforts to introduce more high-quality assets to the XRPL, aiming to enhance opportunities, liquidity, and institutional use cases for various users, […]

Earlier this week, in an interview on CNBC’s “Power Lunch,” former U.S. SEC Chair Jay Clayton talked about the intricacies of crypto regulation, providing valuable insights into the SEC’s stance on digital assets and their development. The conversation covered a range of topics, from the political dynamics affecting the SEC chair to the emergence and […]

On 31 July 2024, CCData Research unveiled the July 2024 edition of its “Stablecoins & CBDCs” report, providing a comprehensive overview of recent trends and market dynamics within the stablecoins and central bank digital currencies (CBDCs) sectors. CCData, authorized by the Financial Conduct Authority (FCA) as a benchmark administrator, is a prominent provider of institutional-grade […]

The stablecoin market capitalization has reached its highest level since April 2022, following nine consecutive months of growth, according to the latest edition of CCData’s Stablecoins Report. CCData, authorized by the Financial Conduct Authority (FCA) as a benchmark administrator, is a prominent provider of institutional-grade digital asset data. By leveraging tick data from globally recognized exchanges and […]

On 9 July 2024, Fabio Panetta, the Governor of the Bank of Italy, addressed the Italian Banking Association Annual Meeting, sharing his critical views on crypto-assets and the regulatory landscape surrounding them. Panetta provided an in-depth analysis of the risks associated with crypto-assets, distinguishing between stablecoins and unbacked crypto-assets and highlighting the implications of the […]

In a recent interview with The Block’s Director of Special Projects, Frank Chaparro, for episode 38 of The Scoop podcast, Ripple President Monica Long shared her thoughts on the current state and future of Ripple, crypto regulations, and blockchain technology. The conversation covered a wide range of topics, including Ripple’s ongoing legal battles, the expansion […]

In a sweeping social media post on June 19, 2024, Jeremy Allaire, Co-Founder and CEO of Circle, painted a decidedly optimistic picture of the cryptocurrency landscape. Circle is a prominent project in the cryptocurrency space, best known for its development of USD Coin (USDC), a stablecoin pegged to the US dollar. Founded in 2013 by […]

The stablecoin market capitalization has reached its highest level since April 2022, following eight consecutive months of growth, according to the latest issue of CCData’s “Stablecoins & CBDCs” Report. CCData, a Financial Conduct Authority (FCA)-authorized benchmark administrator and a leading player in digital asset data, delivers institutional-grade insights into the digital asset market. Utilizing tick […]

On 29 May 2024, PayPal Holdings, Inc. (NASDAQ: PYPL) announced at Consensus 2024 that its stablecoin, PayPal USD (PYUSD), is now available on the Solana blockchain. This move aims to make PYUSD transactions faster and cheaper for consumers, enhancing the usability of PayPal’s stablecoin. The integration of PYUSD on the Solana blockchain is significant due […]

During a recent interview on the “World Class” podcast, Ripple CEO Brad Garlinghouse hinted at impending regulatory scrutiny from the US government targeting Tether (USDT), particularly at a time when stablecoin regulations are gaining momentum. Garlinghouse expressed his concerns about the critical role Tether plays in the crypto ecosystem and the potential disruptive consequences if […]

Last month, at Paris Blockchain Week 2024 (April 9-11, 2024), Web3 journalist Ornella Hernández talked to Markus Infanger, Senior Vice President of RippleX. His discussion focused on the growing ecosystem, new technological advancements, and Ripple’s role in facilitating blockchain innovation. The XRP Ledger booth attracted significant attention at the conference, serving as a hub for […]

On April 4, 2024, Ripple, a prominent provider of enterprise blockchain and cryptocurrency solutions, unveiled plans to introduce a stablecoin tied to the US dollar on a 1:1 basis. This stablecoin will be fully backed by a mix of US dollar deposits, short-term US government securities, and other cash equivalents, with transparency upheld through monthly […]

CCData, an FCA-authorized benchmark administrator and a leading figure in digital asset data, offers institutional-grade insights into the digital asset landscape. By harnessing tick data from globally recognized exchanges and integrating various datasets seamlessly, CCData provides a comprehensive view of the market, covering trade, derivatives, order books, historical, social, and blockchain data. In recent times, […]

Stripe Inc. is set to reintroduce cryptocurrency payments, enabling merchants on its platform to receive stablecoins as payment for online purchases. John Collison, the co-founder and president of Stripe, announced this development during the company’s annual conference, Stripe Sessions, in San Francisco on Thursday. He mentioned that users could expect this feature to roll out […]

Leading officials in U.S. financial regulation, including Federal Reserve Chair Jerome Powell, Treasury Secretary Janet Yellen, and Deputy Treasury Secretary Wally Adeyemo, have recently advocated for Congressional regulation of stablecoins. On April 17, U.S. Senators Kirsten Gillibrand (D-NY) and Cynthia Lummis (R-WY) introduced the bipartisan Lummis-Gillibrand Payment Stablecoin Act, aimed at creating a regulatory framework […]

A relatively new cryptocurrency project called Ethena is reportedly capturing attention by adopting a hedge-fund trade approach, drawing significant investments and generating buzz. Despite the promising start with yields around 37%, skepticism regarding their sustainability is surfacing, reflecting the volatile history of the crypto market. Per an article published by Bloomberg News yesterday, Ethena introduces […]

On 9 April 2024, day one of the three-day Paris Blockchain Summit, during a highly informative segment on CoinDesk TV’s “Markets Daily,” Jan van Eck, CEO of VanEck, offered a wealth of insights on the dynamics shaping the cryptocurrency market in 2024. The VanEck CEO noted that Europe is ahead of the United States in […]

On April 9, during an appearance on Bloomberg TV, Dante Disparte, the Head of Global Policy at Circle, shared his insights on the Biden administration’s approach to managing the potential risks associated with cryptocurrency, particularly focusing on stablecoins and the broader implications for illicit financing. During his conversation with Bloomberg Crypto co-hosts Sonali Basak and […]

Last Friday, Kevin Paffrath, on his highly popular YouTube channel Meet Kevin, kicked off the discussion by highlighting Ripple’s landmark victory in July 2023, when the SEC declared that the XRP token is not inherently a security. Paffrath pointed out how this regulatory win was a pivotal moment for Ripple, setting a precedent for the […]

Ripple, a leading provider of enterprise blockchain and crypto solutions, announced its plans to launch a stablecoin pegged 1:1 to the US dollar (USD) on April 4, 2024. The stablecoin will be fully backed by a reserve of US dollar deposits, short-term US government treasuries, and other cash equivalents, with monthly attestations published by a […]

CCData has released the March 2024 edition of its “Stablecoins & CBDCs Report.” CCData is a leading company specializing in digital asset data and index solutions. They collect and aggregate vast amounts of pricing data on cryptocurrencies from various exchanges and sources, meticulously cleaning and standardizing it for use by institutions and retail investors. CCData […]

CCData stands at the forefront of the digital asset data space, serving as a crucial resource for anyone navigating the cryptocurrency market. Their core focus lies in gathering comprehensive market data from a vast network of global crypto exchanges. This includes real-time pricing, trading volumes, order book information, and other essential metrics for numerous digital […]

In a Bloomberg News article (published earlier today) by Olga Kharif and Yueqi Yang, the complexities surrounding stablecoins, particularly in the wake of Silicon Valley Bank’s collapse, are meticulously examined. The report highlights the precarious balance stablecoins maintain between the crypto universe and traditional financial systems, underscoring their potential to both stabilize and destabilize markets. […]

Large cryptocurrency investors, colloquially known as whales, have been increasingly accumulating stablecoins over the last few weeks, to the point that they now control over half of the combined stablecoin supply. That’s according to popular on-chain analytics firm Santiment, which has recently noted that since September the stablecoin market has been growing, to the point […]

On January 26, Andy Bromberg, CEO of the crypto-focused venture capital firm Beam, appeared on CNBC to discuss his views on the recent developments in the crypto market, particularly the approval of spot Bitcoin ETFs, and to talk about his company’s latest acquisition. Here are the main takeaways from Bromberg’s Interview: Bitcoin ETFs and Crypto […]

On January 15, 2024, Jeremy Allaire, CEO of Circle, which is best known as the issuer of fiat-backed stablecoin USD Coin (USDC), spoke with CNBC at the World Economic Forum in Davos, Switzerland. Stablecoins and Blockchain Technology Allaire began by addressing the progress in blockchain technology, likening it to the post-dot-com era where, despite market […]

Andrew Peel, Head of Digital Asset Markets at Morgan Stanley, recently published an article discussing the evolving role of digital assets like Bitcoin, stablecoins, and Central Bank Digital Currencies (CBDCs) in the global financial system. His analysis delves into how these innovations could both challenge and reinforce the U.S. dollar’s hegemony in global finance. Here […]

CCData, a global leader in digital asset data and an FCA-authorised benchmark administrator, has released the December 2023 edition of the “Stablecoins & CBDCs” report. This report provides a comprehensive analysis of the stablecoin sector, which has seen significant growth and interest over the past year. CCData’s expertise in aggregating and analyzing diverse datasets offers […]

On 14 December 2023, Ripple released a 23-page report titled “CBDCs: The Digital Evolution of Money,” which provides a comprehensive analysis of the evolving role of Central Bank Digital Currencies (CBDCs) and stablecoins in the modern financial ecosystem. The report offers an insightful perspective on how these digital currencies are set to digitize economies and […]

S&P Global Ratings has announced the launch of its stablecoin stability assessment. S&P Global Ratings, a division of S&P Global Inc. (NYSE: SPGI), is a leading provider of independent credit risk research. The firm publishes credit ratings on debt issued by various entities across multiple sectors. With a global team of credit analysts and a […]

Tether introduced a wallet-freezing policy on 9 December 2023. Tether is a major player in the crypto space, known for issuing the Tether token (USDT), which is a type of stablecoin. Stablecoins are cryptocurrencies designed to maintain a stable value by being pegged to another asset, typically a fiat currency. In the case of Tether, […]

The largest Tether (USDT) whales have been growing their holdings over the past six months, adding in $1.67 billion worth of the stablecoin, in an accumulation trend that suggests they’re getting ready to buy cryptocurrencies on the market and potentially helped BTC’s price surpass $40,000. According to on-chain analytics firm Santiment, the buying power of […]

According to a report published by Chainalysis on October 23, North America stands as the largest cryptocurrency market they have studied, with an estimated transaction volume of $1.2 trillion between July 2022 and June 2023. This accounts for 24.4% of global cryptocurrency transactions during that period. The United States leads the pack, ranking first globally, […]

Heath Tarbert, who previously served as the Chairman of the Commodity Futures Trading Commission (CFTC) and is now the Chief Legal Officer at Circle, has penned an opinion piece for CoinDesk emphasizing the need for immediate legislative action on stablecoins. Tarbert draws a parallel between the financial crisis instigated by the collapse of Lehman Brothers […]

In recent days, a marked uptick in on-chain activity surrounding the leading stablecoin Tether ($USDT) has been seen, with data showing that nearly $10 billion worth of the stablecoin is now sitting on exchanges, the highest level seen in roughly seven months. According to data from on-chain data analytics platform Santiment, this means that cryptocurrency […]

A Polygon-based real estate-backed stablecoin called Real USD ($USDR) has lost over half of its value in a matter of hours after it was drained off of its liquid collateral, leaving only rental properties in the UK backing the cryptocurrency. According to on-chain data from the Tangible decentralized autonomous organization (DAO), the entity behind the […]

Popular Singapore-based cryptocurrency exchange Crypto.com has announced a new partnership with PayPal and Paxos for it to become a preferred exchange for the PayPal USD (PYUSD) stablecoin that the payments giant launched last month. The cryptocurrency exchange has said in a press release that it has already listed PYUSD on its platform for both retail […]

Singapore-based cryptocurrency exchange Crypto.com has revealed it’s adding numerous trading pairs involving numerous altcoins PayPal’s stablecoin PYUSD, with trading pairs allowing users to trade $XRP against the stablecoin. The move comes as Crypto.com established a partnership with PayPal and Paxos to become a preferred exchange for the PYUSD stablecoin that the payments giant launched last […]

CCData, a renowned FCA-authorized benchmark administrator and global leader in digital asset data, has unveiled the September 2023 edition of its “Stablecoins & CBDCs Report”. The CCData Stablecoins Report is designed to highlight significant trends and activities in the stablecoins industry. The report centers on evaluations concerning market capitalization and trading volumes of various stablecoins, breaking […]

Jeremy Allaire, the CEO of Circle, believes that the United States is on the verge of implementing legislation that will regulate stablecoins, providing much-needed clarity for the cryptocurrency industry. During an interview with journalist Laura Shin on episode 543 of the Unchained Podcast, Allaire expressed optimism that the ongoing discussions around stablecoin regulation will ultimately […]

Global payments giant Visa has announced its latest move to modernize cross-border financial transactions. What Is USD Coin (USDC)? USDC, or USD Coin, is a type of stablecoin that is pegged to the U.S. dollar. Each USDC token is meant to be equivalent to one U.S. dollar, held in reserve by regulated financial institutions. The […]

San Francisco-based crypto investment firm Paradigm recently published a paper discussing the future of stablecoins in the payment system. Authored by Policy Manager Brendan Malone, the paper argues against applying traditional banking and securities frameworks to stablecoins, emphasizing their unique characteristics and use cases. The paper begins by acknowledging that while recent U.S. Congressional proposals […]