Cap ‘stabledrop’ U-turn sees cUSD drop $23M, founder denies self dealing claims
Cap’s founder took to X to apologize for a u-turn on the long anticipated "stabledrop" and distance himself from a notorious wallet address.
Read more (2 min) →Results for Stablecoin
35 stories, newest first
— Circle, Stablecoin
Open USD is lying about its 149 partnerships, report
A number of South Korean firms, including Samsung, reportedly haven't agreed partner with stablecoin newcomer Open USD.
Paxos’ 300 trillion fat finger raises concerns over PYUSD integrity
The tokens were burned 22 minutes later, but many were left worried by Paxos' ability to create such an unfeasible quantity out of thin air.
— China, Stablecoin
China wants a yuan stablecoin, but why?
Reports claim that China wants to issue a yuan stablecoin, but it is not clear how that is compatible with its goals.
CHART: Stablecoins are growing fast since the GENIUS Act
Stablecoins have seen their market cap increase from $251B to approximately $268B since Donald Trump signed the GENIUS Act into law.
Maker will be able to remotely freeze its new USDS stablecoin
Maker DAO is incentivizing DAI holders to convert their stablecoins into the new, reward-yielding USDS, which has a remote freeze capability.
— Fantom, Stablecoin
Fantom stablecoin watcher alleges ‘liquidation’ scheme
Two Fantom-supported stablecoins, FUSD and USDC.E, had an odd collateral repayment scheme that one user called a 'forced liquidation.'
Why is PayPal’s stablecoin PYUSD struggling a month after launch?
Real-world adoption of PayPal’s stablecoin PYUSD has been sluggish with just $45M in reserves reported so far.
— Crypto, Stablecoin
Stablecoin market cap dips to lowest levels in nearly two years
Total stablecoin market cap has fallen for 14 consecutive months and currently sits at its lowest level since September 2021.
USDC faces SEC enforcement amid stablecoin crackdown
The move follows the SEC's demand that crypto exchange Paxos stop minting Binance's BUSD stablecoin because it may be a security.