Elixir sunsets deUSD stablecoin in reaction to Stream’s $93M loss
Elixir said it will sunset its deUSD stablecoin after $75 million worth of the token became entangled in Stream Finance’s $93 million loss.
Stablecoin
BOE Says UK Stablecoin Rules Will Be in Place ‘as Quickly as the U.S.:’ Bloomberg
A deputy governor of the Bank of England (BOE) played down concerns the U.K. is slipping behind other jurisdictions in introducing regulatory regimes for stablecoins, saying the rules will be in effect “just as quickly as the U.S.,” Bloomberg reported on Wednesday. “Our aim is… Read More
RLUSD Stablecoin Hits $1B Milestone
RLUSD$1.0001, the U.S. dollar stablecoin from the blockchain payments firm closely related to the XRP Ledger network, has surpassed $1 billion in market capitalization less than a year after launching in December 2024. The milestone makes RLUSD the 10th largest U.S. dollar-backed stablecoin by market… Read More
Stablecoin Inflows Rise Before Fed Rate Decision: Crypto Daybook Americas
By Francisco Rodrigues (All times ET unless indicated otherwise) Bitcoin BTC$113,421.04 is hovering around $113,000 after dropping 1.4% in 24 hours, while the broader crypto market, measured via the CoinDesk 20 (CD20) index, fell 2%. The declines come amid a rotation into stablecoins ahead of… Read More
Tether Eyes Fresh Investments to Push USAT Stablecoin to 100M Americans at December Launch
Tether plans to launch its U.S.-compliant stablecoin USAT in December, aiming for mass reach in the creator economy, CEO Paolo Ardoino said in a CoinDesk interview. Source: Coindesk
U.S. Fed’s Barr Catalogues Dangers to be Dodged in Future Stablecoin Regulations
WASHINGTON, D.C. — The crypto sector and some of the financial giants on Wall Street are sprinting to put stablecoin infrastructure in place well before the U.S. watchdogs set up their regulations, and Federal Reserve Governor Michael Barr took a moment on Thursday to remind… Read More