Tether Ends Support for Euro-pegged Stablecoin EURT
Tether issuer yesterday announced that it will no longer support EURT.
Tether Mints $3B in USDT
Tether, the world’s largest issuer of stablecoins, has created $3 billion worth of USDT in the last 24 hours, adding to a total of $13 billion since early November.
PayPal’s Stablecoin Starts Using LayerZero to Enable Ethereum and Solana Transfers
PayPal has announced that its stablecoin, which is pegged to the U.S. dollar, is now utilizing LayerZero to optimize transfers between Ethereum and Solana.
Robinhood, Kraken and Paxos Launch a New Global Dollar Stablecoin
A group of influential figures in the world of cryptocurrency are supporting a new stablecoin, called the Global Dollar (USDG), that focuses on compliance and regulation.
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.
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.
