Agora-Backed AUSD Stablecoin is Live on Sui
Grand Cayman, Cayman Islands, 5th September 2024, Chainwire
Grand Cayman, Cayman Islands, 5th September 2024, Chainwire
PayPal’s stablecoin PYUSD has reached a market capitalization of over $1 billion, crossing the milestone last week.
Tether has revealed its intentions to create a stablecoin that will be tied to the United Arab Emirates Dirham (AED).
Tether is expanding its USDT stablecoin to the Aptos blockchain.
According to Markus Thielen, a researcher at 10x Market, an increase in stablecoin issuance could be the catalyst for the next surge in Bitcoin.
In recent weeks, bankrupt crypto lending company Celsius has launched several legal actions in an effort to recover billions of dollars for its creditors from various crypto firms, including Tether.
According to Tether CEO Paolo Ardoino, the stablecoin company is planning to increase its workforce to around 200 employees by mid-2025.
"A purely peer-to-peer version of electronic cash would allow online
payments to be sent directly from one party to another without going through a
financial institution." - Satoshi Nakamoto (Bitcoin White Paper)
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