Stablecoin

Stablecoins are the future of commerce, according to Tom Vieira, Head of Product for Base, Coinbase's (NASDAQ:COIN) Ethereum (CRYPTO: ETH) Layer-2 network. He highlighted on Friday their role in driving a global on-chain economy. What Happened: Speaking with Benzinga in an interview, Vieira pointed...

Stablecoins are becoming a significant force in financial markets, but their impact is concentrated outside of traditional payments, according to a new report by Bernstein on Wednesday. While their market capitalization has surged to approximately $220 billion—marking a 74% increase compared to...

Coinbase Global Inc. (NASDAQ:COIN) CEO Brian Armstrong underscored the need for comprehensive legislation regarding token classification and stablecoins to drive capital flows into the cryptocurrency market on Thursday. What Happened: During the company’s fourth-quarter 2024 earnings...

The European Central Bank (ECB) is hopeful that the recent support for dollar-pegged cryptocurrencies from U.S. President Donald Trump will speed up the legislative approval process for the digital euro. What Happened: ECB board member Piero Cipollone conveyed optimism that Trump’s...

A report on Friday indicated a potential tactical trading opportunity in Ethereum (CRYPTO: ETH), targeting a 20% gain with a prudent 5% stop-loss. What Happened: 10x Research believes that a combination of supportive policies, increased stablecoin inflows, and a technical breakout pattern make...

The role of stablecoins in transforming global payments emerged as a central theme during a panel discussion at the Benzinga Future of Digital Assets conference. Panelist Jan van Eck, CEO of VanEck, described stablecoins as a driving force behind a new financial system, particularly in regions...

According to some of the industry’s top names, stablecoins could soon transform how institutions settle transactions, addressing inefficiencies in traditional financial systems and opening the door for broader adoption. This was the central focus of a panel discussion at the Benzinga Future...

Ripple is set to launch its USD-backed stablecoin, Ripple USD (CRYPTO: RLUSD), on Tuesday. Following the announcement, Ripple’s native coin XRP (CRYPTO: XRP) is up 4% on the day, having surged 130% over the past month. RLUSD will be available on major global exchanges, including Uphold, Bitso...

Ripple Labs CTO David Schwartz has issued a warning to investors about potential price volatility as Ripple's RLUSD stablecoin goes live. What Happened: "As RLUSD goes live, there may be supply shortages in the very early days before the market stabilizes," Schwartz said on Sunday on X. He pointed...

Kasikornbank  (OTC:KPCPY)  and SCBX, two of Thailand’s largest banks, are diving into stablecoin-powered remittance services to enhance cross-border transactions. Kasikornbank recently partnered with Japan's G.U. Group to explore stablecoin solutions for remittances between the two...

Coinbase Global Inc. (NASDAQ:COIN) is advancing its Southeast Asian expansion through stablecoin initiatives in Thailand and the Philippines, as cryptocurrency markets reach new heights amid expectations of a more crypto-friendly U.S. administration. What Happened: Jesse Pollak, founder of Base and...

At the recent Benzinga Future of Digital Assets event, industry leaders tackled how stablecoins are reshaping finance, spurring adoption among institutional investors, and addressing operational hurdles in digital markets. The panel, moderated by BlackRock's Kyle Braden, featured Jennifer O'Rourke...

A new report indicates that stablecoins, currently a $163 billion market, could grow to represent 10% of the U.S. money supply, hinging on regulatory clarity, which appears increasingly likely under the incoming Donald Trump‘s administration. What Happened: "Stablecoins have the potential to...

Avalon Labs on Monday announced the launch of USDa, a Bitcoin (CRYPTO: BTC)-backed stablecoin designed to enable Bitcoin holders to unlock liquidity without selling their holdings. The stablecoin, built on LayerZero's cross-chain technology, aims to position Bitcoin as a source of liquidity within...

The Ripple “Swell” conference on Oct. 15-16 brought together leaders in payments, blockchain, digital assets and economic policy. Ripple used the event, held at the Faena Hotel in Miami Beach, Florida, to spur discussion around the future of finance and chart its plans spanning cross-...