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Tether and LayerZero announced on Jan. 16 a joint effort to launch USDT0, a multichain version of the Tether USD (USDT) stablecoin.
The Omnichain Fungible Token (OFT) standard, developed by LayerZero, will power the cross-chain transfers.
RWAs are set to transform finance, with stablecoins, tokenized products and regulatory shifts in the US paving the way for 2025 growth.
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The regulators focused on crypto investor protection and new stablecoin rules while postponing the question of corporate crypto trading.
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USD Coin (USDC) surpassed $20 trillion in cumulative transaction volume in 2024, according to a report published by Circle. In November 2024 alone, USDC recorded $1 trillion in monthly transaction volume.
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Blockchain security firm Elliptic reported that Huione—an online marketplace platform used for illicit activities—has launched USDH, a dollar-pegged stablecoin.
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Tether, the leading stablecoin issuer, is finalizing its plans to move its global headquarters to El Salvador after obtaining a Digital Asset Service Provider (DASP) license, according to a Jan. 13 statement.
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Stablecoin issuer Tether has taken an unusual step in expanding its artificial intelligence (AI) business by hiring professionals in AI filmmaking, Bloomberg reported.
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Philippine banks are collaborating to launch the PHPX stablecoin for real-time remittances, leveraging Hedera’s DLT network and cross-border payment solutions.
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Circle has donated $1 million of its USDC stablecoin to the inaugural committee for President-elect Donald Trump.
On Jan. 9, Circle’s CEO, Jeremy Allaire, expressed the company’s excitement about contributing to the growth of what he described as a great American enterprise.
Overcollateralized stablecoin issuers like Tether and Circle are collectively the world’s 18th-largest buyers of US government debt.
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Ripple has partnered with Chainlink to provide robust pricing data for its RLUSD stablecoin, according to a Jan. 7 statement.
The integration introduces Chainlink’s blockchain technology to Ripple’s ecosystem, delivering secure and verifiable price feeds directly on Ethereum’s network.
Traditional remittance giants like Western Union and MoneyGram are struggling to keep pace in an evolving financial ecosystem increasingly shaped by stablecoins.
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While Bitcoin’s (BTC) remarkable rise above $100,000 captured the attention of the financial world in 2024, a different segment of the cryptocurrency landscape is quietly gaining traction: stablecoins.
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