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Tether unveiled a new stablecoin which is pegged to U.S. Dollar. But has a peculiar difference from the existing - and extremely popular - USDT. The new token is called Alloy (aUSDT) and it is backed by overcollateralized gold reserves rather than government debt. Tether released a very pompous stat

Paxos International has announced the issuance of a regulated, interest-paying U.S. dollar-pegged stablecoin. The trick is that this new digital asset, named USDL, will not be available to users in the United States. USDL aims to stand out by not only being pegged to the U.S. dollar but also offerin

Binance, the global cryptocurrency exchange, is set to enforce significant changes to stablecoin access for European users starting June 30. Unauthorized stablecoins will be restricted. The move aligns with the European Union's new Markets in Crypto-Assets (MiCA) regulations, which mandate that only

**PayPal is making a strategic move by integrating its PayPal USD stablecoin (PYUSD) with the Solana blockchain. This decision is driven by Solana's rising status as the blockchain of choice for memecoin issuers. ** PayPal's PYUSD, a stablecoin pegged to the US dollar, aims to provide a stable mediu

The cryptocurrency market is known for its volatility, with prices fluctuating rapidly and unpredictably. This instability makes it challenging for individuals and businesses to use cryptocurrencies as a store of value or medium of exchange. As a result, there has been a decrease in adoption and a l