Tether’s Q3 Net Profit Reaches $2.5B

According to its latest attestation report, Tether reported a $2.5 billion profit in the third quarter, bringing its total profit to $7.7 billion in the first nine months of 2024.

Paxos Launches a Stablecoin in Association with DBS Bank

Paxos, a company that specializes in regulated blockchain infrastructure, has recently announced the release of its new stablecoin, Global Dollar (USDG). This particular stablecoin is compliant with Singapore regulations and is backed by United States dollars that are reserved and managed by DBS Bank. The launch of USDG comes after Paxos previously launched another stablecoin, known as the Lift Dollar […]

Stripe Acquires Stablecoin Platform Bridge in Recent Deal

TechCrunch founder Michael Arrington has reported that payment processing giant Stripe has acquired digital currency platform Bridge for $1.1 billion.