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Tag: Stablecoins

A stablecoin is a fiat-backed cryptocurrency that has a value pegged to another stable asset, such as the US dollar.

Ripple to Issue USD-backed Stablecoin Bringing More Utility and Liquidity to XRP Ledger

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Ripple, the leading provider of enterprise blockchain and crypto solutions, announced its plans to launch a stablecoin, pegged 1:1 to the US dollar (USD). Ripple’s stablecoin will be 100% backed by US dollar deposits, short-term US government treasuries, and other cash equivalents. These reserve assets will be audited by a third-party accounting firm, and Ripple will publish monthly attestations. The stablecoin market is about $150B today,...

Cryptocurrencies, Press release, Stablecoins

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$11 Million Drain Rocks LRT Stablecoin Protocol

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Prisma Finance, a decentralized finance (DeFi) protocol, suffers a critical exploit resulting in over $11 million stolen. The attack targeted the platform’s LRT stablecoin, raising concerns about the security of DeFi protocols. Prisma Finance has paused operations to investigate the incident. Just as the DeFi space was grappling with the recent inquiry surrounding the Ethereum Foundation, another major setback has emerged. Prisma...

Cryptocurrencies, DeFi, Stablecoins

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PayPal Launches PYUSD Stablecoin Backed by the US Dollar

PayPal Launches PYUSD Stablecoin Backed by the US Dollar

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PayPal has launched its own stablecoin called PayPal USD (PYUSD). PYUSD is fully backed by U.S. dollar deposits. It can be bought or sold on PayPal’s app or website for $1.00 per PYUSD. The stablecoin is designed to reduce friction for in-experience payments in virtual settings and allowing direct flows to developers. PayPal Launches PYUSD Stablecoin PayPal has launched its own stablecoin called PayPal USD (PYUSD). The company...

$PYUSD, Front page, News, Paxos, PayPal, Stablecoins

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GHO Stablecoin

Aave GHO Stablecoin

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In the rapidly evolving world of cryptocurrencies, stablecoins have gained immense popularity for their ability to provide stability and utility in a volatile market. One such stablecoin making waves is the Aave GHO Stablecoin, which combines the advantages of decentralized finance (DeFi) with a secure and stable digital asset. In this article, we will explore the concept of stablecoins, delve into the Aave Protocol, and dive deep into the Aave...

$GHO, Featured, Guides, Stablecoins

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Telegram - Tether USDT

How Telegram’s Tether Integration Boosts Crypto Adoption

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In Brief: Telegram has added support for Tether (USDT), the world’s largest stablecoin, on its wallet bot. Users can now send and receive USDT directly from their chats, as well as buy, swap, and make P2P trades with the stablecoin. Telegram chose to integrate USDT on Tron because of its compatibility with its wallet bot and its low fees and fast transactions. The integration of USDT on Telegram boosts crypto adoption by bringing...

$USDT, Altcoins, Crypto adoption, Front page, Main, Stablecoins, Telegram, TON

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