There's a new player in town, and it's shaking things up in the world of decentralized finance (DeFi) and artificial intelligence (AI). USD. AI is a fresh stablecoin protocol that's trying to bridge the gap between the two industries. It's taking the stablecoins sitting idle in DeFi and turning them into loans for Nvidia GPUs, which are in high demand for AI developm...
Tether, the company behind the popular cryptocurrency USDT, is on a roll. They're expecting to make around $15 billion in profit this year. That's a lot of money! But how are they doing it? Well, more and more people are investing in cryptocurrencies. And Tether's USDT is one of the most popular stablecoins out there. Stablecoins are like the steady friends in the w...
The world of digital money is getting serious. A recent report highlights that crypto is no longer just a trend but a major player in the global economy. Bitcoin, the most well-known cryptocurrency, now holds over half of the market share, and its value is comparable to that of major companies like Meta and Saudi Aramco. However, it's still far behind gold in terms o...
XDC Network, a blockchain platform, has taken over Contour, a digital trade finance platform. Contour, once supported by big banks like HSBC and Citi, faced challenges and closed down in late 2023. Now, under XDC's leadership, it's getting a fresh start with new funds and a plan to use stablecoins in real-world trade. The move comes as banks worldwide are looking in...
Stablecoins are changing the game for big players in finance. They offer the best of both worlds: the steadiness of regular money and the speed of crypto. Imagine moving money around the world in seconds, not days. That's what stablecoins bring to the table. And it's not just talk. Big names like Visa and BlackRock are already using them. But why are these big insti...
Cryptocurrency was supposed to be all about cutting out the middleman, but it turns out there are still plenty of people taking a cut. Exchanges, wallet providers, and blockchain networks are all charging fees that can make traditional banks seem like a bargain. Take Ethereum, for example. When the network is busy, fees can skyrocket. Imagine paying over $1, 000 jus...
BlackRock, a heavyweight in the finance world, is making bold moves into the crypto space. The company has revamped one of its money market funds to cater to stablecoin issuers, showing its commitment to this growing market. This isn't just a small step; it's a significant leap into the digital asset world. Stablecoins, which are designed to maintain a steady value,...
Coinbase, a big name in the crypto world, has just launched a new service called Coinbase Business. This platform is designed to make it easier for companies to use USDC, a type of digital money that's tied to the US dollar, for payments. The new tool helps businesses pay vendors and get paid without the hassle of chargebacks. It also connects smoothly with other so...
The U. S. is taking steps to make cryptocurrency rules clearer. This could lead to more banks offering Bitcoin services. Alessio Quaglini, CEO of Hex Trust, thinks this will happen soon. He believes banks will start providing Bitcoin deposits, trading, and even structured products. This could be a big deal for crypto adoption. Globally, banks have been testing digit...
Circle, the company known for USDC, has introduced a new blockchain called Arc. This isn't just another blockchain like Ethereum or Solana. Arc is built specifically for stablecoins, aiming to make them more useful for big companies. Stablecoins are digital currencies tied to real-world money, like the dollar. Circle noticed that current blockchains have issues with...