Bitcoin24h $84,008.04-0.43%

Ethereum24h $2,692.33+0.01%

BNB24h $775.24-0.53%

XRP24h $1.57+2.79%

Solana24h $121.81+3.91%

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Monero24h $557.01+1.53%

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.

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.

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.

Reports claim that China wants to issue a yuan stablecoin, but it is not clear how that is compatible with its goals.

Stablecoins have seen their market cap increase from $251B to approximately $268B since Donald Trump signed the GENIUS Act into law.