Cryptocurrencies, including stablecoins, still only pay for 0.2% of online commerce transactions globally, according to the report.
Stablecoin news
Tether has asked EUR₮ holders to redeem tokens within one year, ending on Nov. 25, 2025, as the company decided to discontinue the stablecoin.
Expected to launch in the coming weeks, Schuman’s new euro-backed stablecoin labels 107 countries as “high-risk.”
Ethereum reclaimed the top position against Tron on Nov. 21, and the gap has only widened since.
Singapore Gulf Bank looks to sell equity stakes to fund product expansion and a 2025 stablecoin payments acquisition.
According to stablecoin firm Tether, over $134 billion USDt tokens are circulating across various blockchain protocols as of November 2024.
The stablecoin market is heating up, but the future remains uncertain. Will one stablecoin dominate, or will multiple players coexist in a diverse ecosystem?
According to Deribit, the exchange will include USDe in its cross-collateral pool as of early January 2025, pending regulatory approval.
The Labour government is reportedly readying crypto, stablecoin and crypto asset regulations as Europe pulls ahead and the US changes its crypto policies.
The record monthly stablecoin inflows could put Bitcoin’s price on track to top the record $100,000 mark.