Ethereum Adoption Grows With Launch of Bank-Issued Stablecoin

Banks leverage Ethereum’s utilities to issue a stablecoin

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Ex-Tether CEO teases new stablecoin to contend USDT dominance

Reeve Collins, one of Tether’s original co-founders, plans to launch a stablecoin on Ethereum and Solana by 2025’s second half.

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Ethereum: DAI stablecoin takes the cake in April, more inside

Stablecoin market cap grew to $158 billion, a 4.76% increase. DAI boost Ethereum Stablecoin trading volume Despite the broader cryptocurrency market experiencing recent downturn, Ethereum [EThe post Ethereum: DAI stablecoin takes the cake in April, more inside appeared first on AMBCrypto.

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Aave deploys DAI stablecoin competitor on Ethereum

Aave has launched its algorithmic stablecoin, GHO, backed by multiple crypto assets, including ethereum (ETH)

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Circle Launches Euro Coin on Avalanche: Expanding Stablecoin Support Beyond Ethereum

Circle, a well-known stablecoin issuer, has released the Euro Coin on the Avalanche network, marking a huge extension beyond its Ethereum basis, in a bold move intended to increase stablecoin accessibility.

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Australia marks first FX transaction using a CBDC as eAUD pilot continues

The Australian digital dollar was used in a trade for a U.S. dollar stablecoin using an Ethereum layer 2 blockchain.

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USDT YoY dominance grows since last capitulation, leaves other stablecoins trailing

User confidence in adopting USDT for trade has surpassed its competition. There is enough stablecoin purchasing power to buy BTC, but Ethereum’s supremacy blooms.  Tether [USDT] has solidThe post USDT YoY dominance grows since last capitulation, leaves other stablecoins trailing appeared first on AMBCrypto.

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How Curve Finance [CRV] fixed its error, redeployed crvUSD stablecoin on Ethereum

The Curve team finally launched its stablecoin after an earlier blunder. The crvUSD TVL recovered as social activity also increased. After accidentally releasing a script for its stablecoin,The post How Curve Finance [CRV] fixed its error, redeployed crvUSD stablecoin on Ethereum appeared first on AMBCrypto.

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$22 million of Curve Finance stablecoin crvUSD minted since launch

DeFi protocol Curve Finance has launched its native algorithmic USD-pegged stablecoin on the Ethereum mainnet. Curve Finance is one of the largest DeFi protocols, with around $4.4 billion in TVThe post $22 million of Curve Finance stablecoin crvUSD minted since launch appeared first on AMBCrypto.

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DeFi Protocol Curve Finance Deploys Native Stablecoin on Ethereum Mainnet

The deployment marks a major milestone for the public release of Curve’s highly anticipated native stablecoin.

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Circle introduces cross-chain USDC protocol

Stablecoin issuer Circle announced on April 26 the mainnet launch of its cross-chain transfer protocol with support for two blockchains. Circle launches CCTP The product, called Cross-Chain Transfer Protocol (CCTP), allows developers to easily move the USDC stablecoin between Ethereum and Avalanche.

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Cardano Djed Stablecoin to Open Doors for Ethereum Developers: Details

This opens door for Djed expansion to several additional EVM-compatible blockchains

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DAI whales have added 6.4% of stablecoin’s supply since mid-March

DAI stablecoin holders are adding to positions as crypto prices range. Addresses with 100k-10 million DAI added 6. 4% of supply in the past six weeks.   The overall holdings for this cohort had dropped significantly as Bitcoin and Ethereum prices pumped in mid-March, Santiment data shows.

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Tether treasury mints 1b USDT on Ethereum network

A massive amount of Tether (USDT), the most popular stablecoin in the crypto market, has been minted at Tether Treasury.

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Societe Generale’s crypto arm to launch Euro-pegged stablecoin

Forge — a regulated crypto arm of the French banking firm Societe Generale — is set to launch a new euro stablecoin called “CoinVertible” on the Ethereum blockchain. The investment bank aims to bridge the gap between traditional capital markets and the digital assets ecosystem through the launch of the euro-pegged stablecoin, according to the […] The post Societe Generale’s crypto arm to launch Euro-pegged stablecoin appeared first on CryptoSlate.

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Societe Generale Subsidiary SG-Forge Launches Euro-Pegged Stablecoin on Ethereum

Coinspeaker Societe Generale Subsidiary SG-Forge Launches Euro-Pegged Stablecoin on Ethereum SG-Forge CEO stated that the EUR CoinVertible smart contract was audited by the professional services network PwC before launch.

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Societe Generale stock pumps and dumps after Euro-pegged stablecoin launch

French multinational bank, Societe Generale, has launched its own Euro-pegged stablecoin named “EURon” on the Ethereum blockchain. The news briefly caused the Societe Generale stock price to jump before dropping below yesterday’s close price.

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Societe Generale's Crypto Division Introduces Euro Stablecoin on Ethereum

EURCV will be offered to institutional clients as a means of bridging the gap between traditional capital markets and digital assets.

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Societe Generale’s Euro-pegged stablecoin launches on Ethereum

Key takeaways Society General has launched its Euro-pegged stablecoin on the Ethereum network.   The stablecoin, EURCV, is available to investors onboarded by Societe Generale. The stablecoin is designed to bridge the gap between traditional capital markets and the digital assets ecosystem.

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Societe Generale subsidiary launches euro-pegged stablecoin on Ethereum

The EURCV stablecoin is only available to institutional qualified investors onboarded by Societe Generale through its KYC and AML procedures.

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Research: TRON and gold-backed stablecoins poised for growth as Ethereum activity shrinks

As stablecoin activity on Ethereum takes a hit, a new player emerges to change the game. In this exclusive Alpha article, we dive into the current state of the stablecoin market and reveal the unexpected winner that's gaining traction among users.

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Stablecoin Tether's Market Capitalization Nears Record High of $83B

Tether's market cap has increased by 20% this year mainly on account of aggressive issuance on Ethereum's rival Tron.

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Amid stablecoin turbulence, Djed to expand to Ethereum, Binance Smart Chain

The Djed stablecoin would soon be available on Ethereum, Binance Smart Chain (BSC,) and others. The post Amid stablecoin turbulence, Djed to expand to Ethereum, Binance Smart Chain appeared first on CryptoSlate.

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Tether: How Its $2 Billion USDT Minting Impacts Ethereum’s Success In The Bull Market

Despite recent negative developments in the crypto market, the sentiment seemed to be somehow bullish as Tether, its stablecoin and some major cryptos show resilience in the past couple of days. The collapse of major banks has significantly impacted the stablecoin market, with Circle’s USDC suffering a depeg causing smart money to flee USDC in favor of other stablecoins.

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Tron [TRX] finds impetus thanks to stablecoin transfers in this way

TRON had 50% more circulating stablecoins than Ethereum TRX's Open Interest formed a bearish divergence which could lead to a pullback Amidst all the chaos in the crypto-markets following thThe post Tron [TRX] finds impetus thanks to stablecoin transfers in this way appeared first on AMBCrypto.

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When USDC broke, Ethereum co-founder Vitalik Buterin bought

Blockchain data shows that Ethereum blockchain co-founder Vitalik Buterin acquired more USD Coin (USDC) at the maximum height of the panic surrounding the backing of the stablecoin.

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Circle stablecoin USDC depegs to under $0.90

USD Coin (USDC/USD) has fallen below $0. 90, sharply depegging after Circle confirmed exposure to Silicon Valley Bank.   The cryptocurrency news this Saturday also sees major cryptocurrencies, including Bitcoin and Ethereum struggle with selloff pressure near $20,000 and $1,400 respectively.

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USDC Stablecoin Depegs, Crypto Market Goes Haywire After Silicon Valley Bank Collapses

USDC's normally stable price sank to $0.89 from $1 while Ethereum gas fees soared hours after the crypto-tied bank failed.

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USDC Stablecoin and Crypto Market Go Haywire After Silicon Valley Bank Collapses

USDC's normally stable price sank to $0.89 from $1 while Ethereum gas fees soared hours after the crypto-tied bank failed.

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Voyager dumps 1,449 ETH as SEC opposes $1b Binance US takeover deal

On Mar. 4, Voyager Digital, the bankrupt crypto broker, sold 1,449 ethereum (ETH) via Wintermute, a crypto market maker and a proprietary trading platform, and received 2.25m USDC, a stablecoin.

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TRON [TRX] overtakes ETH in this metric, but troubles manifest

Stablecoin adoption in retail payment has been increasing in the TRON network. Monthly active users increased, but TVL registered a decline. On 26 February, TRON [TRX] overtook Ethereum [ETHThe post TRON [TRX] overtakes ETH in this metric, but troubles manifest appeared first on AMBCrypto.

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Binance To Destroy $2 Billion Idle BUSD On The BNB Smart Chain (BSC)

Binance, the world’s largest cryptocurrency exchange by trading volume, will “destroy” $2 billion BUSD which idle on the BNB Smart Chain (BSC), per a tweet on Feb. 22. Burning $2 Billion Of Idle BUSD On The BSC BUSD is a stablecoin issued by Paxos on Ethereum under the Binance brand.

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Ethereum adds support for Euro Coin [EUROC]: All you need to know

Circle rolls out new Euro-based stablecoin as an ERC20 token on Ethereum. Ethereum's on-chain metrics rose as a result of the announcement. The Ethereum [ETH] network just added support for The post Ethereum adds support for Euro Coin [EUROC]: All you need to know appeared first on AMBCrypto.

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USDC frenzy, over $4.4b minted, over $4.2b burned on Feb. 10

The USD Coin (USDC) stablecoin has seen a frenzy of activity on Feb. 10, 2023 with many billions worth of the stablecoin burned and minted on the Ethereum (ETH) blockchain.

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Aave launches GHO stablecoin on Ethereum testnet as token checks the bears

GHO, the Aave decentralized stablecoin was deployed on the Ethereum Testnet. The AAVE price action got closer to bearish sentiment.  Decentralized lending project Aave has launched its stabThe post Aave launches GHO stablecoin on Ethereum testnet as token checks the bears appeared first on AMBCrypto.

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Aave deploys GHO stablecoin on Ethereum’s Goerli testnet

Aave has joined the space of DeFi protocols that have released their own native stablecoins. The GHO stablecoin is not live on Ethereum’s testnet. The GHO mainnet is however yet to be launched awaiting community discussion and approval.

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Aave reaps benefits from Ethereum, but for how long will this last?

Aave V3 revenue was boosted by Ethereum network's contribution. Interestingly, Aave's migration tool and upcoming stablecoin launch show potential for growth. Aave recently launched its v3 oThe post Aave reaps benefits from Ethereum, but for how long will this last? appeared first on AMBCrypto.

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Aave Deploys Native Stablecoin GHO on Ethereum Testnet

Aave’s GHO is set to join a fierce competition as rival DeFi protocols also issue or are moving to release their own protocol-native stablecoins.

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Ethereum Name Service DAO swaps 10,000 ETH for $16.2m in USDC

Ethereum Name Service (ENS) DAO, the decentralized community that oversees the domain project on Ethereum, ENS, has sold 10,000 ethereum (ETH) for $16.2m in USDC stablecoin.

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Despite TRON dominating Ethereum, new challenges emerge for TRX

TRON outperformed Ethereum in stablecoin dominance. The network's growth is shown in TVL, whale interest, and price increase. The cryptocurrency world has seen tremendous growth in recent tiThe post Despite TRON dominating Ethereum, new challenges emerge for TRX appeared first on AMBCrypto.

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Visa Seeking to Build ‘Muscle Memory’ to Stablecoin Settlements

Coinspeaker Visa Seeking to Build ‘Muscle Memory’ to Stablecoin Settlements Recently, the payment giant has been testing different ways to get over the existing obstacles and check if it will be able to accept settlement payments made using stablecoins on the Ethereum (ETH) blockchain.

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NAB Introduces Stablecoin on Ethereum (ETH), Bitcoin (BTC) Gains Traction and Orbeon Protocol (ORBN) Continues Presale

Coinspeaker NAB Introduces Stablecoin on Ethereum (ETH), Bitcoin (BTC) Gains Traction and Orbeon Protocol (ORBN) Continues Presale National Australia Bank (NAB) has announced the launch of a stablecoin on the Ethereum (ETH) blockchain.

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Buterin uncovers another hidden gem? Meet RAI stablecoin that is not pegged

Vitalik Buterin — an Ethereum (ETH) co-founder known to uncover hidden crypto gems before they reach widespread attention — may have brought yet another hidden gem to our attention. Buterin interacted with Rai Reflex-Index (RAI) — a stablecoin that is…

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Ethereum stablecoin dominance reaches 3-month high

Glassnode data analyzed by CryptoSlate indicates that Ethereum’s (ETH) dominance over stablecoins has been increasing and reached its highest in the last three months. The post Ethereum stablecoin dominance reaches 3-month high appeared first on CryptoSlate.

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Australia’s ‘Big Four’ Bank NBA To Mint Stablecoin On Ethereum, Algorand

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This country launches stablecoin on Ethereum and Algorand... Details inside

The National Australia Bank has developed a stablecoin for carbon trading and overseas payments. AUDN will launch on Ethereum and Algorand. The National Australia Bank (NAB) has become the sThe post This country launches stablecoin on Ethereum and Algorand.

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National Australia Bank to launch AUD-backed stablecoin

National Australia Bank (NAB) — one of the four largest banks in the country — is gearing up to launch a stablecoin on the Ethereum (ETH) network, the Australian Financial Review (AFR) reported. The post National Australia Bank to launch AUD-backed stablecoin appeared first on CryptoSlate.

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Cardano: Will this upcoming feature cement ADA as the ‘Ethereum killer’?

Cardano’s new stablecoin Djed could prove to be a game changer. The development activity of Cardano increased since the start of 2023. Ethereum [ETH] could be in for tough competition in 2The post Cardano: Will this upcoming feature cement ADA as the ‘Ethereum killer’? appeared first on AMBCrypto.

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Tether launches yuan-pegged stablecoin on Tron

Tether announced the integration of its Chinese yuan stablecoin (CNHT) to the Tron blockchain. Bitfinex will be the first exchange to support deposits and withdrawals in the new stablecoin. Tether initially launched its offshore Chinese Yuan stablecoin (CNHT) on Ethereum…

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