Ripple has announced that its new USD-denominated stablecoin, RLUSD, will be available globally through strategic partnerships with major platforms, including Uphold, Bitstamp, Bitso, Moonpay, Independent Reserve, Coinmena, and Bullish. Fully backed by U.S. dollar reserves, government bonds, and cash equivalents, RLUSD is positioned to enhance financial solutions while ensuring transparency and stability. Ripple Introduces RLUSD […]
The latest data highlights that the stablecoin market currently sits at $ 173 billion, with two recently introduced U.S. dollar-backed stablecoins showing significant growth. The decentralized finance (defi) project Sky, previously known as Makerdao, has minted 1.11 billion USDS, adding approximately 104 million coins to its supply over the past five days. In a …
AED Stablecoin LLC has received approval from the Central Bank of the United Arab Emirates (UAE) to launch its stablecoin, AE Coin. This makes AED Stablecoin the first entity in the UAE to issue stablecoins, aligning with the government’s digital strategy. AE Coin is a fiat-backed stablecoin, meaning each coin is backed by the AED […]
In September 2024, stablecoin liquidity hit record highs. Meanwhile, JPMorgan analysts predicted further Bitcoin gains, citing October’s historical “Uptober” trend. The FBI made headlines by charging 18 individuals involved in crypto fraud after setting up a fake crypto operation. Economist Peter Schiff warned of impending financial ruin unless the U.S. allows its “phony economy” to […]
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news from the past week. In this issue, Chainalysis states Venezuela was the country where cryptocurrency markets grew most last year, Brazilian giants team to launch a real-pegged stablecoin, and Littio leveraged Avalanche to offer yield-bearing dollar-based savings accounts. Chainalysis Latam […]