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A day before the US election several crypto exchanges witnessed a rise in Stablecoins. As per data from IntoTheBlock, a huge number of Stablecoins like USDC (USDC-USD) and Tether (USDT-USD) moved into crypto exchanges on November 4. While USDC turned an $18.5 million outflow into a $33.6 million in

The cryptocurrency market has a new stablecoin (USDG) pegged to the US dollar. The new stablecoin released a day before the US presidential election was launched by a consortium of fintech companies like Kraken, Robinhood and Galaxy Digital. This newly launched Global Dollars Network seeks to fast-f

Tether, the world's largest stablecoin issuer, has reported unprecedented quarterly profits of $2.5bn. The figure marks a significant milestone for the company. Its consolidated earnings for the year have reached $7.7bn. The company's total assets climbed to $134.4bn in the third quarter, according

Ahead of the November 5, US elections, Donald Trump's crypto venture World Liberty Financial (WLF) is set to launch its own stablecoin. This comes at a time when the former US President announced WLFI token sale was hit with technical snags two weeks ago. While the WLFI token sale had a goal to rais

On October 24, a US government crypto wallet suffered a cyberattack which led to loss of more than $20 million worth of Ethereum (ETH) and Stablecoins. The wallet contained funds seized by the government. This hack was similar to the 2016 Bitfinex crypto exchange attack where assets were transferred