Reading Time: < 1 minuteTether has announced its upcoming launch of a new stablecoin pegged to the United Arab Emirates dirham (AED).

Reading Time: < 1 minuteTether announced its latest quarterly attestation on Wednesday, revealing a record net profit of $5.2 billion for the first half of 2024.

Reading Time: < 1 minuteTron founder Justin Sun has revealed plans to create a new stablecoin that will allow users to freely transfer it without any gas fees.

Reading Time: < 1 minuteCircle has now obtained an Electronic Money Institution (EMI) license, a necessary step in order to offer cryptocurrency tokens pegged to the dollar and euro in the European Union (EU) under the new Markets in Crypto Assets (MiCA) regulations.

Reading Time: < 1 minuteTether has announced a new option for citizens of the Philippines to pay their Social Security System (SSS) contributions using USDT.

Reading Time: < 1 minuteTether has announced the introduction of a new stablecoin called Alloy, which will be backed by gold and pegged to the US dollar.

Reading Time: < 1 minuteStablecoin issuer Paxos has recently made the decision to lay off approximately 20% of its workforce, despite being in a strong financial position.

Reading Time: < 1 minuteThe stablecoin known as Ethena Labs USDe, also referred to as a “synthetic dollar”, has achieved a supply of $3 billion tokens in just four months since its public launch in February.

Reading Time: < 1 minutePayPal’s PYUSD stablecoin, recently launched on Solana, introduces a new feature called “confidential transfers” that gives merchants the option to conceal transaction amounts for consumers while still adhering to regulations.

Reading Time: < 1 minuteAccording to a new report by Visa and data platform Allium Labs, only a small portion, less than 10%, of stablecoin transactions are from legitimate or real people.

Reading Time: < 1 minuteIn January-March, Tether, the issuer of the stablecoin USDT, reported a record net profit of $4.52 billion.

Reading Time: < 1 minutePayPal announced on April 4 that it has launched its cross-border payments and transfers service, Xoom.

Reading Time: < 1 minuteTether, the creator of the USDT stablecoin, has announced the successful completion of its System and Organization Controls 2 (SOC 2) Type I audit.