Binance, the largest cryptocurrency exchange globally, has announced the conversion of all its Secure Asset Fund for Users (SAFU) assets into the stablecoin USDC. This decision positions the SAFU fund at a stable market value of $1 billion. Previously, the fund contained various cryptocurrencies including BTC, BNB, USDT, and TUSD, but given the recent market […]

In a strategic move, Ripple aims to transform the $150 billion stablecoin market. It has unveiled plans to launch its own U.S. dollar-backed stablecoin. Consequently, this decision sets Ripple in direct competition with giants like Tether (USDT) and Circle (USDC). Indeed, it signals a significant shift in the cryptocurrency landscape. Here’s a detailed examination of […]

In a remarkable pre-market session, Robinhood stocks soared, jumping about 12%. This increase followed the European division’s announcement. They introduced USDC listing and a rewards program. Soon after, a significant uptick in trading volumes for February was revealed. The retail investor-focused broker shared this news. Consequently, this trend promises to boost Robinhood’s core trading business. […]

Tether Dominance Sparks Debate In the fast-paced world of cryptocurrency, Tether (USDT) has emerged as a colossus, commanding nearly $100 billion in circulation. This impressive figure not only overshadows giants like Goldman Sachs in quarterly profits but also places Tether at the heart of a heated debate. JPMorgan, a venerable name in finance, has raised […]

Stablecoins Under the Microscope Recently, the Bank for International Settlements (BIS) has cast serious doubts on stablecoins. These digital currencies, designed to be as reliable as traditional money, are struggling to live up to their name. They’re supposed to be tied to stable assets like the U.S. dollar, yet they often fail to keep their […]

In the ever-evolving world of cryptocurrency, strategic partnerships and acquisitions often pave the way for monumental shifts in the industry landscape. One such significant move has recently been made by Coinbase, a leading name in the crypto sphere. The company has acquired a minority stake in Circle Internet Financial, a decision that promises to reshape […]

The CEO of Circle said that they prepared for any outcome to secure the customers’ deposits. Bank Collapses The New York Department of Financial Services seized Signature Bank. Only two days later the Federal Deposit Insurance Corporation took over Silicon Valley Bank. These incidents have caused havoc in the banking industry. Large banks are under […]

USDC is a popular stablecoin that is pegged to the US dollar, and it has gained significant traction in recent years. However, the stablecoin market was thrown into turmoil when Silicon Valley Bank announced that it would no longer support USDC. The impact of Silicon Valley Bank’s departure on the stablecoin market Silicon Valley Bank […]

Massive Gaming The platform will include three major themes for those who want to try their luck: House of Slots, House of Poker, and House of Blackjack. The casino will offer the “classical” games for its visitors, like different genres of slot, holdem’ poker, and blackjack. Massive Gaming will provide a realistic and fair gaming […]

Not long ago we showcased the recent rush of USD pegged stablecoins and how exchanges like Huobi are rushing to add them to offer a solution to the recent Tether (USDT) drama. As most of the current alternatives are pretty fresh on the market, its not without risk to accept them. Mainly there are various […]