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According to DefiLlama’s stablecoin statistics, the global stablecoin market cap has hit a new all-time high of $280.47 billion. According to DefiLlama, Tether (USDT) continues to dominate the market, with a market cap of $167.3 billion. USD Coin (USDC) takes the second spot, trailing behind with a market cap of $69.1 billion. Let’s discuss if Ripple’s RLUSD will shine under the growing interest in stablecoins. Source: DefiLlama Will Ripple’s RLUSD Stablecoin Pick Up Steam? Stablecoins have become a cornerstone of the crypto industry. The number of people opting for fiat currency-pegged cryptocurrencies has drastically increased over the last few years. Ripple’s RLUSD is one of the latest dollar-pegged coins to enter the market. According to DefiLlama, Ripple’s RLUSD stablecoin is currently the 13th largest stablecoin project by market cap. RLUSD currently boasts a market cap of $687.61 million. Source: DefiLlama President Trump signed the GENIUS stab...

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In what could be a monumental development for the digital asset industry, Visa has officially launched stablecoin payments in Latin America. Indeed, the payment technology company officially announced a partnership with Bridge to help boost the accessibility of the asset class in Mexico, Argentina, and four other countries. Both Visa and the Stripe-owned startup have partnered to develop new stablecoin-linked Visa cards. The new product will allow the asset classes to be used in everyday purchases through the new offering. Therefore, the move should provide a boost to the use and adoption of the digitized US dollar-backed asset. JUST IN: Visa launches crypto stablecoin payments in Latin America. — Watcher.Guru (@WatcherGuru) April 30, 2025 Also Read: Visa Partners with Fold to Introduce Bitcoin-Backed Credit Card Visa & Bridge Announced New Stablecoin-Linked Card Coming to Latin America There is no denying that payment companies like Visa have attempted to stay at the forefront of ...

Justin Sun bailed out $500M stablecoin TUSD, report Court filings in Hong Kong and reporting from CoinDesk have revealed that Techteryx, the firm behind TrueUSD, required a loan from Justin Sun after its reserves became stuck in First Digital Trust and it became effectively insolvent, unable to redeem its tokens.  This runs contrary to certain public claims by TrueUSD that during the period in question, it continued to claim that it was backed “1:1” by US dollars — even after it started having redemption issues with First Digital. These claims relate to TrueUSD’s relationship with First Digital Trust, which was its primary asset manager.  TrueUSD trusted First Digital to manage its reserve, and First Digital Trust invested in trade finance on its behalf. TrueUSD has since alleged that it was unable to redeem those funds and that First Digital directed some assets to another firm, “Glass Door,” apparently without permission f...

Solana (SOL) is one of the blockchains with the most significant growths in the last five years. Since launch, Solana attracted billions of dollars in capital, becoming one of the favorite infrastructures for trading, despite some controversy. Now, the leading Ethereum (ETH) competitor achieves a new milestone, making an all-time high in stablecoin’s capitalization, evidencing more growth. Interestingly, the stablecoin market cap in a blockchain is one of the most solid metrics when evaluating its fundamentals. That because it is one of the hardest metrics to temper with, like active addresses, as Finbold explained, or trading volume, for example. Picks for you Trump meme coin sees $38 billion in trading since launch 39 mins ago This bulli...

The Ripple market has been witnessing major changes. Ripple USD (RLUSD) has made its way into the stablecoin market. Supported by Ripple Labs, the business behind XRP and its payment systems, RLUSD seeks to offer a regulated and steady digital currency. The network’s cryptocurrency, XRP could benefit from the latest developments. Some believe that the asset could surge to $3. Amidst this, a few others were hoping XRP could maintain itself at its current price level. Also Read: India’s Upcoming Crypto Laws Could Reshape the Market—Here’s What’s Coming XRP’s Current Price Level Source: CoinMarketCap The XRP market recorded a notable spike over the past day. The altcoin was trading at $2.54, during price time after surging by 5.43% throughout the past 24 hours. The asset went from a low of $2.34 all the way to a high of $2.56. The asset’s monthly and weekly increases were also significant. XRP surged by 138% and 16% respectively. Despite its recent uptick, Ripple’s ...

Bitcoin’s retreat from its near-hundred-thousand peak has triggered significant liquidations across the entire cryptocurrency market. Geopolitical tensions and macroeconomic factors have contributed to a shift away from digital assets recently. Technical indicators suggest further corrections could occur, causing investors to reassess their cryptocurrency investment strategies. The market volatility has influenced the launch timing and reception of new cryptocurrency listings . Many developers are adapting their token economics to address current market concerns and investor preferences. New projects are emphasizing stronger fundamentals and utility to differentiate themselves in this challenging market. New Cryptocurrency Releases, Listings, & Presales Today Usual transforms the stablecoin landscape with community-owned governance and direct connection to short-term bonds. Open Loot revolutionizes Web3 gaming by simplifying crypto processes and providing seamless marketpla...

Tether, the company behind the $112 billion market cap USDT, has introduced a new gold-backed stablecoin pegged to the U.S. dollar. The new stablecoin, called Alloy (aUSDT), marks Tether’s first foray into tethered assets and can be minted on the recently launched Alloy by Tether platform. According to Tether, Alloy is designed as an open platform for creating collateralized synthetic digital assets. The platform’s first asset is aUSDT, a token whose price is pegged to the U.S. dollar . 5/ Alloy by Tether provides long-term holders the opportunity to maintain exposure to gold, while in parallel obtaining a dollar-referenced Tethered Asset for payments and day-to-day economy.https://t.co/tuQikMJbJU — Alloy by Tether (@Alloy_tether) June 17, 2024 Investors can mint aUSDT by depositing Tether’s XAUt as collateral. XAUt, with a market capitalization of $570 million, is allegedly backed by physical gold stored in Switzerland.  ...

Euro (EUR) stablecoins are gaining popularity in cryptocurrency exchanges and among crypto traders in Europe and worldwide. This rise could challenge the U.S. dollar (USD) stablecoin dominance in the cryptocurrency market, fueled by the European Union’s tighter regulations. The combined weekly volume of Euro-backed stablecoins has consistently exceeded $40 million since March, marking the longest period on record. Data is from a Kaiko Smart Data Research report published on June 10. Notably, the report suggests that demand for these stablecoins is finally picking up in European markets, despite Europe traditionally lagging behind the United States. and Asian-Pacific (APAC) in crypto trading. Average Daily Volume of EUR trading pairs. Source: Kaiko MiCa and a crypto regulatory tightening in Europe The impending regulation in Europe, known as the Markets in Crypto Assets (MiCA), is set to shake up the stablecoin market. ...

With all the hype and focus on XRP, one Ripple executive has revealed that the impending Ripple stablecoin is ready to launch. Indeed, Ripple’s Managing Director for the Middle East and Africa, Reece Merrick, discussed the newest offering and its launch in a recent interview. There has been speculation surrounding when the US dollar-backed asset could officially reach the market. In a recent interview with CNBC, Monica Long noted that the asset would arrive at some point in 2024. However, she was not specific about the time frame that participants in the digital asset market could expect. Also Read: XRP Avoids Extreme Bearish Cross Buildout: Can Ripple Breach $1 Now? Ripple Stablecoin Set to Hit the Market This Summer? Heading into the year, Ripple (XRP) was among the tokens that had immense potential to surge within the digital asset market. That has not come to fruition, with the contrary being the case as we approach the year’s midpoint. Over the last 24...