Tag: Stablecoin
Bitwise Analyst Predicts Bitcoin Will Reach $80K
Reading time: < 1 minuteAccording to Bitwise expert Ryan Rasmussen, Bitcoin’s price could reach $80,000 in 2024 if there is a rise in the supply of stablecoins.
Binance to Withdraw BUSD Support in December
Reading time: < 1 minuteBinance announced that it will discontinue support for its BUSD stablecoin on Dec. 15.
Stablecoin’s Market Cap Jumped $600M in October
Reading time: < 1 minuteIn October, a total of $608 million was invested in fiat-backed digital currencies by investors.
Tether Says it Has $72.6B in Reserves in US Treasuries
Reading time: < 1 minuteTether’s recent certification report reveals that as of September 30, their assets included US Treasury bills worth $72.6 billion and securities worth $86.38 billion, making up 84% of their total assets.
Tether Blocks $873.118M Linked to Hackers and Terrorists
Reading time: < 1 minuteTether has also announced that it has blocked USDT tokens owned by terrorist groups, freezing a total of $873.118 million.
Binance Will Stop Stablecoin Transactions in Europe
Reading time: < 1 minuteIn line with the implementation of the European Union’s digital asset legislation (MiCA), Binance has committed to discontinuing the use of stablecoins by June 2024.
Venmo Integrates PayPal’s Stablecoin
Reading time: < 1 minuteVenmo, a mobile payment service owned by PayPal, has recently announced its support for PYUSD.
Circle Launches USDC on Polkadot
Reading time: < 1 minuteCircle, the issuer of the stablecoin USDC, has recently expanded its reach by deploying the stablecoin in the Polkadot ecosystem.
Binance Will End Support for BUSD in 2024
Reading time: < 1 minuteWith the exchange intending to completely discard the token in 2024, it is now urging users to move to other US dollar-pegged digital currencies before February next year.
Binance Announces it Will End Support for BUSD Next Year
Reading time: < 1 minuteBinance has announced that it will discontinue its support for BUSD, its own stablecoin, by 2024.
