For instance – According to CryptoQuant, Bitcoin’s Stablecoin Supply Ratio (SSR) surged to 17 – Its highest level in seven days. A higher ratio means that the supply of stablecoins is low, compared to ...

Ripple's RLUSD stablecoin launch on Dec. 17 hasn't sparked significant XRP price rally, with XRP down 4% since launch day. RLUSD expected to enhance XRP ecosystem liquidity and potentially drive ...

Decentralised stablecoin cryptocurrency protocol Frax Finance has launched a new stablecoin, frxUSD, that will leverage BlackRock's USD Institutional Digital Liquidity Fund (BUIDL), and will be ...

Frax Protocol will use BlackRock’s BUIDL fund to collateralize its frxUSD stablecoin, ensuring stability and yield. The BUIDL-backed frxUSD is part of a growing trend of yield-bearing stablecoins tied ...

Securitize’s proposal to add BlackRock’s BUIDL token as a backing for Frax’s USD stablecoin has been approved. Frax is now launching the frxUSD stablecoin. Securitize's proposal to make BlackRock’s ...

The Frax community has voted to pass FIP-418 to use BlackRock's USD Institutional Digital Liquidity Fund (BUIDL) as backing collateral for the Frax-USD (frxUSD) stablecoin. According to the ...

When stablecoin inflows surge, it indicates that investors’ interest in cryptocurrencies is increasing. A recent report from Citi Research pointed out that the aggregated market value of the largest ...

The clouds that hung over the financial-technology industry in 2024 appear to be clearing as interest-rate cuts, recoveries in fintech stocks and promises of a looser regulatory environment in the ...

For example, a U.S. dollar stablecoin is designed to maintain a value of $1. Since most cryptocurrencies are highly volatile, stablecoins are an alternative for those who want a digital currency ...

Of this figure, nearly $4 billion comprises Circle’s USDC, while Tether’s USDT is the second most popular stablecoin, accounting for roughly $1 billion in TVL. Solana has emerged as a serious ...

“There is both significant demand from end users in receiving US dollars, which can be near impossible using non-stablecoin rails, but also from senders who want to bypass the correspondent ...