Stablecoins


Finance

Fidelity Investments Prepares to Unveil Its Own Stablecoin: FT

A Fidelity stablecoin could fill the role of cash in the blockchain-based version of its U.S. dollar money market fund

(Shutterstock/Jonathan Weiss, modified by CoinDesk)

Tech

World Liberty Financial-Labeled Tokens Spark Speculation of Trump-Backed Project's Stablecoin Launch

The World Liberty Financial USD token was deployed on Ethereum and BNB Chain earlier this month, and addresses linked to Wintermute and BitGo interacted with the token.

Donald Trump (BarBus/Pixabay)

Markets

Real-World Assets Cross $10 Billion in Total Value Locked: DeFiLlama

Growth comes from increases in TVL on Ethena USDtb and BlackRock's BUIDL.

A Treasury Bill

Finance

Tether Ranks Among Top Buyers of U.S. Treasuries in 2024, Firm Says

The firm said it purchased a net $33.1 billion worth of U.S. Treasury securities last year.

Treasury image via Shutterstock

Finance

Crypto Wallet Provider Utila Raises $18M as Institutional Demand for Digital Asset Management Soars

The crypto infrastructure provider has processed $8 billion in transactions in a month, CEO Bentzi Rabi told CoinDesk in an interview.


Finance

Stablecoin Protocol Level Aims to Expand $80M DeFi Yield Token With Fresh Capital Raise

The protocol's lvlUSD stablecoin hit $80 million market capitalization since its beta launch and outperformed rival yield-generating stablecoins, founders told CoinDesk in an interview.


Policy

U.S. Senate Takes First Big Step to Advance Stablecoin Bill

The first committee approval of a stablecoin bill in this new congressional session now moves the so-called GENIUS Act toward the Senate floor.

Senator Tim Scott (Jesse Hamilton/CoinDesk)

Finance

Tether’s Paolo Ardoino Says Stablecoin Issuer ‘Has Been Through Hell’, Is Cheered On at Cantor Conference

Ardoino spoke at the Cantor Fitzgerald Global Technology Conference on Wednesday as he continued his first trip to the United States.

Tether CEO Paolo Ardoino on stage at Cantor Fitzgerald's event in New York (Helene Braun/CoinDesk)

Finance

Crypto Payments Firm Mesh Raises $82M as Stablecoin Adoption Soars

The fundraising was completed using PayPal's PYUSD stablecoin and was led by Paradigm.

U.S. dollar (Unsplash, modified by CoinDesk)