Category: Token Trends
-
SG Issues USD Stablecoin on Ethereum and Solana
Societe Generale launched a USD-pegged stablecoin, USDCV, on Ethereum and Solana, expanding its crypto offerings after its EURCV stablecoin. The move aligns with growing stablecoin adoption and upcoming US regulations.
-
Société Générale launches US dollar stablecoin on Ethereum and Solana
Société Générale-Forge launched USD CoinVertible (USDCV), a US dollar-pegged stablecoin on Ethereum and Solana, following its euro stablecoin EURCV. BNY will custody assets, targeting institutional use.
-
RLUSD surpasses $300M supply as Ripple secures UAE backing
Ripple’s stablecoin RLUSD surpassed $300M supply, growing 29% in a week. UAE approval allows use in Dubai’s financial center, boosting regional adoption and integration plans.
-
Stablecoin Volume Surpasses $33 Trillion, Outpacing PayPal and Approaching ACH Scale News ETHNews
Stablecoins process $33 trillion annually, surpassing PayPal and nearing ACH levels. Issuers hold $128B in U.S. Treasuries, ranking among top global holders. Usage is driven by payments, not speculation.
-
Avalon Labs Burns 80 Million AVL Tokens to Kick Off Deflationary Phase – News Bytes Bitcoin News
Avalon Labs burned 80 million unclaimed AVL tokens, 44% of supply, worth $16M, from a March 2024 airdrop. This initiates a deflationary phase for the cryptocurrency.
-
TRON Stablecoin Supply Closes in on $80 Billion – “The Defiant”
TRON’s stablecoin supply nears $80 billion, with USDT dominating. It trails Ethereum but surpasses Solana, as stablecoin market cap hits $250 billion, showing significant growth in 2024.
-
Analyst Projects $515B Tether Valuation—CEO Says BTC and Gold Are Missing From the Equation – Crypto News Bitcoin News
Tether CEO Paolo Ardoino responds to a $515B valuation projection, calling it ‘a beautiful number’ but dismisses going public, noting BTC and gold are missing from the analysis.
-
AB launches on Binance
AB DAO’s $AB token is now trading on Binance Alpha, a strategic move to test technology and liquidity while gaining global exposure. The team aims to refine its cross-chain vision through user feedback and Binance’s security review.
-
Tether overtakes Tron, DEXs with $432M in revenue – How and what next?
Tether leads crypto revenue with $432M, surpassing Tron and DEXs. It plans a new blockchain, Stable, with Bitfinex, using USDT as gas. USDT transfers hit $1 trillion, solidifying its dominance.
-
Tether CEO snubs IPO, says $515B valuation is ‘a bit bearish’
Tether CEO dismisses IPO plans, suggesting a $515B valuation is conservative given its Bitcoin and gold reserves, contrasting with rival Circle’s recent public debut.
