Tether Announces Plans to Launch USDT on Celo Blockchain
Popular stablecoin operator Tether is expanding its USDT stablecoin to more blockchain networks and has recently formed a strategic partnership with the Celo network.
Stablecoin Studio on Sui, S3, to Give Sui Developers Compliant Payment Processing Stablecoin Applications
Grand Cayman, Cayman Islands, March 8th, 2024, Chainwire Powered by Pravica, S3 will provide builders on the Sui blockchain with the opportunity to seamlessly launch native stablecoins without the complexities of smart contract development and currency management S3.MONEY (S3), a stablecoin studio developed on top of the Sui blockchain, was officially announced today by Cairo-based blockchain startup Pravica in collaboration […]
Conflux Network introduces AxHKD, Hong Kong Dollar-Backed Stablecoin
Toronto, Canada, March 8th, 2024, Chainwire Conflux Network, the only regulatory compliant public blockchain in China, today announces its pivotal role in assisting the successful beta-testing of the Hong Kong Dollar (HKD)-backed stablecoin, AxHKD. Built by local fintech company AnchorX, the stablecoin will be launched on Conflux Network initially, followed by Ethereum. Conflux will provide the underlying technology with its […]
Circle Stops Issuing USDC on TRON Network
Circle announced on Wednesday that it will no longer support USDC on the TRON network and has already ceased its USDC minting services on the blockchain.
Poland City Launches a Stablecoin for Local Businesses
The city of Minsk Mazowiecki in Poland, which has a population of 37.5 thousand people, has launched its own stablecoin called MinsCoin.
Hong Kong Exploring Possibility of Issuing a Stablecoin Pegged to the Yuan
The Hong Kong Chamber of Commerce has suggested creating a stablecoin that would be backed by the Chinese yuan, which would benefit companies engaging with mainland China and other Asian nations.
JPMorgan: Tether’s Dominance is Negative for Crypto
JPMorgan analysts have raised concerns about the growing dominance of Tether in the stablecoin market, despite the overall increase in market capitalization.
