The stablecoin sector achieved a significant milestone on March 20, 2024, hitting the $ 150 billion mark as the dollar-anchored market continues its expansion. In the last five days, the stablecoin sphere expanded by $ 980 million, breaking past the latest threshold. Stablecoin Market Value Tops $ 150 Billion The total value …
In the past 12 days, the stablecoin sector has experienced a growth of $ 4.95 billion, reaching a new 2024 high of $ 149.03 billion in market valuation. Among various dollar-tied tokens that have seen their supply numbers go up over the last 30 days, Ethena’s USDE stands out with a 376% increase …
On March 12, the Hong Kong Monetary Authority (HKMA) launched what is known as the stablecoin issuer sandbox arrangement. The HKMA stated that applicants interested in establishing a stablecoin business in Hong Kong should have a sound business plan. The regulator also clarified that admission into the sandbox does not imply endorsement or support for […]
Israel has taken a significant step in the cryptocurrency domain by green-lighting a pilot for BILS, the first stablecoin pegged to the New Israeli Shekel. Bits of Gold and Israeli Authority Launch BILS Stablecoin in Regulatory Sandbox The initiative, spearheaded by the crypto broker Bits of Gold in collaboration with the Israeli Capital Market, Insurance […]
In the last day, the global trading volume has hit $ 203 billion, with stablecoins accounting for an impressive $ 133 billion of that total. Among the array of stablecoin assets tied to the U.S. dollar, Paypal’s PYUSD has emerged as a top ten player. Yet, despite the ongoing cryptocurrency market upswing, PYUSD …