Stablecoin
Search documents
Solana DeFi Exchange Jupiter to Launch Native Stablecoin
Yahoo Finance· 2025-10-08 17:57
Core Insights - Jupiter, a leading decentralized exchange aggregator on the Solana network, is set to launch its own stablecoin, JupUSD, in partnership with stablecoin issuer Ethena [1][2] - JupUSD will initially be fully collateralized by Ethena's USDtb, which is backed by BlackRock's tokenized fund representing investments in short-term U.S. treasuries [2] - Ethena's flagship stablecoin, USDe, will later be added as collateral for JupUSD [2] Company Overview - Jupiter aims to integrate JupUSD across its DeFi stack, utilizing it for perpetual futures trading, lending protocols, and trading via swap products on both desktop and mobile platforms [4] - The company has achieved significant trading volume, with nearly $20 billion in the last 30 days and $1.2 million in revenue in the last 24 hours, according to DefiLlama [4] Market Context - The total stablecoin market cap has increased to over $303 billion, marking a 75% rise from $173 billion a year ago, with Ethena's stablecoin products accounting for just over 5% of this market [5] - The passing of the GENIUS Act earlier this year has provided a regulatory framework for stablecoin trading and issuance, potentially leading to the emergence of thousands of new stablecoin products [6]
North Dakota to Issue Stablecoin With Fiserv as Digital Dollar Trend Expands
Yahoo Finance· 2025-10-08 16:41
Core Insights - North Dakota is launching a U.S. dollar-backed stablecoin called "Roughrider Coin" in collaboration with Fiserv, targeting financial institutions in the state [1][2] - The stablecoin aims to enhance bank-to-bank transactions, promote global money movement, and drive merchant adoption [2] - The stablecoin market has grown significantly, reaching $293 billion, with a 70% increase over the past year, driven by regulatory developments such as the GENIUS Act [3] Company and Industry Developments - Fiserv is expanding its presence in the stablecoin sector, having launched a crypto issuance platform on Solana earlier this year [3] - North Dakota joins Wyoming in exploring cryptocurrency initiatives, with Wyoming having already introduced its Frontier Stable Token [4] - Fiserv processes over 90 billion transactions annually for 10,000 financial institutions, positioning itself as a link between traditional finance and blockchain technology [4]
X @CoinMarketCap
CoinMarketCap· 2025-10-08 16:10
MalaysiaFASSET scores Labuan FSA license for revolutionary stablecoin Islamic bank—the world's first! Zero-interest Shariah accounts, tokenized RWAs, and Ethereum L2 rails via Arbitrum. Already crushing it: 500K users, $6B annual volume, 125 countries served. Unlocking Asia/Africa's massive underbanked Muslim population.5/6 ...
EU Finance Ministers Meet Tomorrow To Discuss Euro Stablecoin Issuance: Why Is EU Sanctioning A7A5 Stablecoin?
Yahoo Finance· 2025-10-08 13:59
Group 1: EU's Position on Euro-backed Stablecoins - The European Union finance ministers are meeting on 9 October 2025 to discuss the EU's stance on Euro-backed stablecoins, focusing on potential changes to the Markets in Crypto-Assets Regulation (MiCA) [1] - The development of Euro-denominated stablecoins is progressing, but it is still far from competing with the US market, where the dollar dominates [1][2] - Currently, Euro stablecoins represent only $620 million of the nearly $300 billion global stablecoin market, accounting for approximately 0.2% [2] Group 2: Regulatory Challenges and Innovations - The meeting will address the balance between risk mitigation and financial innovation regarding Euro stablecoins [1] - The US has solidified its dollar dominance through regulations like the Genius Act, which requires stablecoin issuers to back their tokens with US dollars or Treasuries [2] Group 3: Sanctions on Russian Stablecoins - The EU is targeting the A7A5 stablecoin, which is backed by the Russian Ruble and linked to Promsvyazbank, to prevent the flow of Russian crypto into Europe [3][4] - Sanctions on A7A5 will limit access for EU-based Virtual Asset Service Providers (VASPs) to transact with this stablecoin, increasing compliance obligations for European exchanges and crypto service providers [4] Group 4: Future Developments in Euro-backed Stablecoins - Nine major European banks are collaborating to launch a Euro-backed stablecoin under the MiCA framework, expected in the second half of 2026 [5] - This initiative could potentially change the landscape for European crypto payments and reduce reliance on US dollar-denominated stablecoins [5]
Think It's Too Late to Buy Circle Internet Group? Here's the 1 Reason Why There's Still Time
Yahoo Finance· 2025-10-08 12:10
Key Points After initial success, Circle's share price has dropped significantly. However, Circle is a stablecoin issuer, and the stablecoin market is projected to reach $1.9 trillion or higher by 2030. If that happens, Circle will issue more crypto tokens and earn much more interest on its reserve funds. 10 stocks we like better than Circle Internet Group › Circle Internet (NYSE: CRCL) went public on June 5 and had immediate success, with its share price rising by 750% in a few weeks. Then, the h ...
X @The Block
The Block· 2025-10-08 08:34
Bank of England plans stablecoin cap exemptions as UK faces pressure to match US rules: report https://t.co/gp4BakDAfc ...
X @Cointelegraph
Cointelegraph· 2025-10-08 06:00
🏴 LATEST: Bank of England may relax proposed stablecoin caps on corporate holdings after industry pushback, signaling flexibility on exemptions for certain firms, per Bloomberg. https://t.co/XuuNPlEwAE ...
3 Made in USA Coins to Watch in the Second Week of October
Yahoo Finance· 2025-10-08 01:00
Core Insights - The cryptocurrency market is experiencing a bullish trend, with Bitcoin reaching a new all-time high, which has positively influenced market sentiment towards altcoins [1] Group 1: Aleo Network (ALEO) - Aleo Network is a privacy-focused Layer-1 blockchain platform that enables developers to create scalable decentralized applications using zero-knowledge technology [2] - The native token ALEO is gaining attention due to the announcement of USAD, a U.S. dollar-pegged stablecoin built on Aleo's ZK Layer-1 blockchain, which has increased interest in privacy tokens [3][6] - ALEO is currently trading at $0.4006, above its 20-day EMA of $0.2643, indicating strong bullish momentum, with potential upward movement to $0.4589 if the trend continues [4][5] Group 2: Zebec Network (ZBCN) - Zebec Network powers the decentralized infrastructure protocol Zebec, with its price rising 21% over the past week, driven by a no-action letter from the SEC confirming that certain tokens fall outside federal securities laws [6][7] - The SEC's clarification has led to increased interest in DePIN tokens, enhancing demand for ZBCN [7] - Technical indicators, including the MACD, suggest a strong uptrend for ZBCN, with potential price movement above $0.004746 if demand persists [8][9]
X @Starknet (BTCFi arc)
Starknet 🐺🐱· 2025-10-07 23:20
RT Uncap (@uncapfinance)Uncap has been awarded a grant from the @StarknetFndn.Uncap is building the primary liquidity engine for BTCFi on @Starknet, powered by a capital-efficient, BTC-backed stablecoin.The wait is almost over. The protocol is coming sooner than you expect. ↓ https://t.co/YEUvA0Vx21 ...
X @Token Terminal 📊
Token Terminal 📊· 2025-10-07 21:24
RT Token Terminal 📊 (@tokenterminal)ICYMI: @ethereum is the fastest growing stablecoin chain, by a wide margin. https://t.co/qJ81iAPgdK ...