News
Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.
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Stablecoin News
One of the hindrances to mainstream cryptocurrency adoption is price volatility, as these assets are freely traded in the open market without central administrators tasked with maintaining price stability. The anticipation of potential losses and gains has hindered cryptocurrency’s use as a medium of exchange. Stablecoins, however, are cryptocurrencies designed to maintain a stable value over time, making them ideal for commercial transactions.
The introduction of stablecoins in the cryptocurrency market ushered in a new wave of liquidity, as exchanges were able to provide trading pairs with tokens representing traditional fiat currencies.
Stablecoin design takes many different forms, each with its own tradeoffs:
- Reserve-backed stablecoins: Cryptocurrencies pegged to the value of a fiat currency held in reserve by a company or consortium. E.g., Tether (USDT), USD Coin (USDC) and Paxos Standard (PAX).
- Collateralized stablecoins: Tokens backed by other cryptocurrencies that retain a one-to-one value with a fiat currency through over-collateralization to absorb potential volatility of the underlying assets. E.g., Dai and BitUSD.
- Algorithmic (seigniorage supply) stablecoins: Rather than using a reserve or collateralization to maintain a stable value, these stablecoins are facilitated through an automated expansion and contraction of the monetary supply, emulating the role of central banks in the fiat economy. E.g., Basis.
- Listicle
Blockchain technology brings practicality to everyday life, with examples demonstrating how it delivers efficiency, security and accessibility across diverse industries and global systems.
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Republicans and Democrats tussled over the Trump family’s crypto ties, consumer protections, and backing stablecoins with fiat assets.
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Tether’s USDt stablecoin has surpassed $160 billion market cap, confirming its place as the digital dollar, as Tron leads in blockchain supply.
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Boosty Labs founder and CEO Viktor Ihnatiuk told Cointelegraph that Tether’s USDT will be RGB’s first real-world use case for stablecoin transfers on Bitcoin.
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A programmable, inclusive financial infrastructure like Velo’s can solve challenges of cross-border settlements and access to liquidity.
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XRP is often criticized for “not having a use case,” yet it remains a top performer in the current bull market. Why?
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Bank of America and other legacy financial institutions have been increasingly associated with stablecoins amid the growing push for regulatory clarity.
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The EU has sanctioned multiple entities for using cryptocurrencies to evade restrictions, channel funds, and propagate pro‑Russian disinformation and election interference.
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Big banks have been weighing an entry into the stablecoin market as the US Congress debates digital assets regulation.
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Republicans are still planning to pass three pieces of crypto-related legislation, but a majority of members in the House voted against a resolution to consider the bills.
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Arcadia Finance’s Rebalancer contract was exploited for $3.5 million in USDC and USDS on the Base blockchain, with stolen assets swapped to WETH.
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The House of Representatives is set to vote on three crypto-related pieces of legislation before Congress goes on recess.
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Launched in November 2024, the USDG stablecoin has a total circulating supply of around $356 million.
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US House leaders have designated this week as “crypto week,” during which lawmakers will vote on three major digital asset bills. Here's what to expect.
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