TrueUSD stops minting via Prime Trust, loses dollar peg
The recent depeg comes as TrueUSD team announced a pause on TUSD minting through Prime Trust until further notice.
Gas usage for stablecoins, NFTs on Ethereum continues decline
Quick Take Ethereum gas usage by transaction type, specifically at stablecoins and NFTs, continues to drop. Stablecoin gas usage is currently at three-year lows, roughly 5% of the total gas…
Ex-SEC chair Jay Clayton says agency having ‘blunt conversations’ on crypto; endorses ‘true stablecoins’
Jay Clayton, former chair of the U.S. SEC, commented on the agency’s current treatment of crypto in a conversation at Bloomberg Invest on June 8. Beginning on June 5, the…
Will Curve’s stablecoin help CRV overtake UNI, SUSHI?
As new DEXes emerge, Curve Finance’s dominance wanes. The performance of its stablecoin, crvUSD, could be a game-changer in reclaiming its position in the DEX space.
MakerDAO: About 42% of DAI’s Initial Use Cases Are For Decentralized Exchanges
In a recent announcement, MakerDAO revealed that approximately 42% of the initial use cases for DAI, the stablecoin issued on the Ethereum blockchain, are within decentralized exchanges (DEXs).
Crypto news: Circle appoints Tarbert legal officer while some wallets sell their USD Coin
Circle, the fintech company responsible for a leading cryptocurrency stablecoin, announced Thursday the appointment of Heath Tarbert as its new chief legal officer.
Circle Launches Native USDC Stablecoin On Arbitrum
Circle, the developer of the dollar backed USD Coin (USDC), has rolled out support for its native stablecoin on Arbitrum,
Breaking: US House Releases Stablecoin Bill To Bring Clarity & Giving Fed Authority
The US House Financial Services Committee has released a draft stablecoin bill in bipartisanship between House Republicans and Democrats. The full Financial Services Committee hearing on Tuesday aims to bring…
USDC Stablecoin Issuer Circle Obtains Singapore License for Digital Payments
In an exciting development for Circle Internet Singapore Pte. Ltd., the company announced Wednesday that the Monetary Authority of Singapore had granted it a Major Payment Institution license.
Circle Rolls Out Support for USDC Stablecoin on Arbitrum
Several key applications will support Arbitrum-based USDC like Aave, Balancer, Camelot, Coinbase, Curve, GMX, Radiant, Trader Joe and Uniswap.
