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BVNK , a stablecoin payment infrastructure provider, is joining forces with First Digital , the group behind First Digital USD, in a move to bolster the adoption of the USD-backed stablecoin within the crypto ecosystem.
The growing adoption of stablecoins across Asia marks a significant shift in the regions financial landscape. dollar-pegged stablecoins like USDT and USDC primarily dominate the cryptocurrency topography. Operating on Ethereum and other blockchain networks, XSGD boasts a market cap exceeding $18 million.
As a result, the USD-denominated stablecoin is now being integrated into Ripple ‘s flagship payments solution, Ripple Payments, as the digital asset infrastructure provider looks to drive RLUSD’s utility and demand.
The Philippines has been uncovered to be the leading country in Southeast Asia showcasing overall interest in degen crypto and small capcryptocurrency tokens, according to an extensive recent update from crypto resource platform CoinGecko. of global interest in smaller market capitalisation crypto on onchain DEX trackers.”
Dubai, United Arab Emirates, March 6th, 2025, Chainwire Bybit , the worlds second-largest cryptocurrency exchange by trading volume, becomes the first platform to include USDtb , a blockchain-based USD stablecoin created and managed by Ethena Labs, on its Spot exchange. The APR will be gradually decreasing after the cap is reached.
RLUSD is an enterprise-grade, USD-denominated stablecoin created with trust, utility, and compliance at its core, backed by Ripples years of experience working with both crypto and traditional finance. We’re seeing the market cap continue to grow, outpacing our internal projections.
The EUR denominated stablecoin EURT, will be delisted in advance of the June 30 deadline. As the world’s longest-running cryptocurrency exchange, we have consistently advocated for proportionate response to regulation which protects consumers while allowing for the ongoing maturation of cryptocurrencies as an asset class.
The Cambridge Centre for Alternative Finance (CCAF) has launched a new tool providing real-time data and educational resources on digital money with an initial focus on stablecoins. The stablecoin market has surged from less than $3billion in 2019 to more than $130billion in 2024.
Stablecoins help bridge the gap between fiat currency and crypto. Ahead we’ll take a closer look at what makes stablecoins a leading option for cross-border crypto payments. Ahead we’ll take a closer look at what makes stablecoins a leading option for cross-border crypto payments. These reserves, typically held in U.S.
Stablecoins Gain Traction in Singapore Stablecoins across Asia are gradually reducing their dependence on the U.S. The shift toward stablecoins pegged to local currencies marks a significant step in enhancing monetary sovereignty and modernising payment systems. Paxos adds further momentum to stablecoin adoption.
Along with this announcement, Juno is launching MXNB token on Arbitrum, a stablecoin pegged to the value of the Mexican peso, which is fully fiat-backed on a one-to-one basis against reserves.
.” Payments utility is also expected to drive greater stablecoin adoption in the UAE, with stablecoins offering real-time settlement compared to traditional banking systems, which often take days to process. Launched at the end of December on global exchanges, Ripples ownhas already surpassed $130million in market cap.
The famous cryptocurrency was riding a wave of interest after Facebook announced a digital coin of its own called Libra. million in revenue by market cap from bitcoin in Q1 of 2019, although actual profit was $832,000. Square brought in about $65.5
Cryptocurrency payments have been the most popular revolution in the digital world for so long. In this article, well learn about five cryptocurrencies that are best for accepting payments in 2025. Bitcoin (BTC) Bitcoin remains the most widely accepted and recognized cryptocurrency worldwide for some years. to $0.10.
billion in August 2024, down from $175 billion in late 2021 due to cryptocurrency market volatility and increased competition from traditional financial instruments. Among the most prominent are stablecoins and the tokeni s ation of traditional financial instruments. As of June 2024, stablecoins accounted for 6.5%
In the world of payments, two forces are shaping how we exchange money: credit cards and cryptocurrencies. Cryptocurrencies, on the other hand, burst onto the scene in 2009 with the launch of Bitcoin and have seen explosive growth ever since. Bitcoin, Ethereum, Binance Coin, and several others remain the largest by market cap.
High rolling reserves, volume caps, prolonged settlements, and excessive chargeback thresholds make scaling and market expansion difficult. Many mainstream PSPs and acquirers lack sector expertise and tread cautiously, imposing strict compliance checks, long onboarding times, and restrictive terms.
This week’s edition of Tales from the Crypto features an update on Ripple’s newly launched stablecoin RLUSD, El Salvador’s negotiated commitment to Bitcoin, as well as an acquisition and a new partnership. PYUSD has a market cap of more than $491 million. EURC has a market cap of more than $82 million.
As 2024 draws to a close, we at BuyUcoin reflect on a year filled with significant events and challenges within the cryptocurrency landscape, Thakral says. Stablecoins, he believes, will offer the benefits of blockchain technology while providing stability, making them an attractive choice for both institutional and retail investors.
The report examines potential trends in major currencies, commodities, indices, and cryptocurrencies, set against a backdrop of significant political and economic developments. In 2024, Ripple’s token surged by 238.4%, positioning it as the fourth-largest digital asset by market cap, following Bitcoin, Ethereum, and Tether.
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