XRP is now on the verge of being integrated into the backing of USDe, the $11.8-billion stablecoin issued by Ethena Labs. The company’s risk committee recently confirmed that XRP has passed all thresholds required under its newly launched Eligible Asset Framework, which puts it alongside BNB and HYPE as top candidates for onboarding. XRP’s massive…
Tag: Stablecoins
BlackRock Analysts Predict Major Bitcoin Surge As US Legislation Strengthens Stablecoins
In a recent expert commentary, executives from BlackRock, the world’s largest asset manager and a leading issuer of cryptocurrency exchange-traded funds (ETFs), identified a significant trend in the cryptocurrency market, particularly for Bitcoin (BTC). They foresee a major surge ahead, driven by recent US legislative developments such as the signing of the GENIUS Act. They…
Tether Changes Strategy In 2025—5 Blockchains To Be Phased Out
Tether’s latest move aims to streamline its stablecoin operations. The company plans to end USDT redemptions and token issuance on five older blockchains by September 1, 2025. Any tokens left on Omni Layer, Bitcoin Cash SLP, Kusama, EOS and Algorand will become frozen after that date. Focus Shifts Away From Legacy Chains Based on reports from Tether,…
Bitcoin & Stablecoin Reserves Diverge On Binance: Liquidity Explosion Brewing?
On-chain data shows the Binance Exchange Reserve has diverged between Bitcoin and the stablecoins. Here’s what this could mean for the market. Bitcoin & Stablecoin Exchange Reserves Have Decoupled On Binance In a CryptoQuant Quicktake stablecoins. The “Exchange Reserve” here refers to an on-chain metric that keeps track of the total amount of a given…
Bitcoin Latest Rally Backed By Stronger Purchasing Power: Report
Data of the Bitcoin Stablecoin Supply Ratio suggests investors have stronger purchasing power today than during the previous bull rally. Bitcoin Stablecoin Supply Ratio Showing Neutral Purchasing Power In its latest weekly report, the on-chain analytics firm Stablecoin Supply Ratio (SSR) of Bitcoin. This indicator measures the ratio between the Bitcoin supply and the supply…
Stablecoin Exchange Inflows Plummet $61 Billion—Warning Sign For Bitcoin?
On-chain data shows the exchange inflows related to the stablecoins USDT and USDC have seen a sharp plunge. Here’s what this could mean for Bitcoin and other cryptocurrencies. Stablecoin Exchange Inflows Have Dropped Below Yearly Average In a new stablecoins in the sector, USDT and USDC. The “Exchange Inflow” refers to an on-chain indicator that…
Stablecoins To Hit $2 Trillion? US Treasury Hints At Explosive Growth
US Treasury Secretary Scott Bessent told lawmakers that dollar-pegged stablecoins could swell to more than $2 trillion in the next few years. He spoke at a Senate hearing this week. His outlook came as Congress moved to set new rules on how these tokens must be backed. Growth Forecast Details According to Bloomberg, Bessent said…
TRX Price Up As Tron Rolls Out The Red Carpet For Trump-Backed Stablecoin
Tron’s blockchain just added a USD1 stablecoin from World Liberty Financial Inc. That move put the spotlight back on TRX. And traders are paying attention to what comes next. Significant Price Movement According to trading data, TRX climbed 6% on Tuesday. It broke above the $0.2875 level on the daily chart before hitting resistance at…
Tether’s 2-Year, $5 Billion Investment Blitz Fuels US Companies: CEO
Tether, the issuer of the USDT stablecoin, has quietly funneled roughly $5 billion of its earnings into a mix of US businesses and government debt over the past two years. It’s putting money where its mouth is. According to CEO Paolo Ardoino, these moves are meant to show how tied the company is to the…
Bitcoin Exchange Stablecoins Ratio Surges—A Warning For Investors?
On-chain data shows the ‘Exchange Stablecoins Ratio’ for Bitcoin has shot up recently. Here’s what it could mean for the asset’s price. Bitcoin Exchange Stablecoins Ratio Has Broken Above 5 As explained by an analyst in a CryptoQuant Quicktake post, the Bitcoin Exchange Stablecoins Ratio has registered an increase alongside the latest rally in the…