stablecoins

The profits were driven by interest earned on US Treasury holdings, as well as market gains on bitcoin and gold

FDUSD is looking at cross-border payments, layer-2 deployments and payroll

Circle’s new smart contract to allow holders of BlackRock USD Institutional Digital Liquidity Fund to redeem shares for its stablecoin

Plus, a van Eck releases a stablecoin and Paradigm looks to raise another megafund

A third party accounting firm will audit these reserves and Ripple will publish monthly attestations

Other Frax Finance tokens, including the Frax Price Index (FPI) and FraxEther (frxETH), are expected to be available at a later date.

Elsewhere, Bitfarms is hiring a new CEO and Tether is staffing an AI division

The AI job postings come after a $600 million AI infrastructure investment Tether made in the fall

Blockworks spoke with Maxi Raimondi, chief financial officer at one of Argentina’s leading crypto exchanges

WisdomTree’s charter sets up a path for it to offer certain stablecoins on public blockchains, firm’s digital assets head tells Blockworks

URamp enters the existing ecosystem of products from players like Mastercard, Cross Finance and Beam, which all connect on-chain finance to traditional banking

Newcomers are using T-Bill interest to generate yield

SparkLend has been approved for a doubling of its debt ceiling to 2.5 billion DAI

The EBA released a final draft of regulatory technical standards outlining how issuers should respond to holder complaints

Tether, the world’s largest stablecoin, continues to befuddle FUDers by minting its way into an exclusive club worth over $100 billion

A crypto bull market demands billions more dollars on blockchains. Luckily, stablecoin issuers are on deck

Medium exchange remains the “killer function” for stablecoins, Circle’s Stephen Leahy notes in latest stablecoin report

The government is already mulling public commentary on the proposals

Customers will have the option to transfer USDC from Tron to other networks or redeem their stablecoins for fiat currency

The firm has previously invested in the companies behind Sui and Eigenlayer

A UK minister believes that the UK can get staking and stablecoin legislation approved by lawmakers in six months

Plus, crypto secured $1.9 billion in funding last quarter and Ripple acquires a custody provider

Up to 10 local businesses will accept payment with the new token at launch

Congress needs to act soon, Yellen told lawmakers, pointing to potential runs on digital asset platforms and “vulnerabilities from crypto asset price volatility”