First XRPL-Based USD Stablecoin (USDS) Launched with SEC-Qualified Custodian

Yuri Molchan Stably Corporation has issued USD-backed stablecoin on XRP Ledger Contents Regulatory-compliant stablecoin on XRPL Minting USDS via Xumm wallet According to a recent press release, Stably...

What is Stably USD (USDS)?

Vladislav Sopov Mainstream stablecoin ecosystem Stably USD (USDS) partners with Ripple to release Dollar-pegged stablecoin on XRPL Contents Stably partners with Ripple, expands USDS stablecoin to XRP ...

Federal Reserve Conference Hints Stablecoins Can Reinforce USD’s Status – crypto.news

The central bank-issued digital currencies did not convince panelists at the recently concluded Federal Reserve conference, and CBDC cannot alter the global currency arrangement. The United States Fed...

LFG Is Deploying $1.5 Billion To Protect Terra USD’s (UST)

The Singapore-based nonprofit LFG is part of the Terra ecosystem. It is assigned with collateralizing the network’s algorithmic stablecoin UST to keep its USD peg intact while also managing the networ...

USD’s Rally Against AUD and JPY to Continue This Week

The greenback has been doing well in the market lately against the AUD and JPY. The sudden market shifts caused by hawkish federal rate hikes have helped it carry the momentum on last week. In additio...

IMF States Sanctions Against Russia Might Dampen USD’s Supremacy and Increase Crypto Usage – crypto.news

The unprecedented financial sanctions against Russia, which froze most of Russia’s overseas assets, threaten to reduce the dollar’s dominance with time, as per IMF. The US and its allies slapped Russi...

China’s Digital Yuan Could Challenge the USD’s Dominance, CNBC Expert Says

Richard Turrin – Financial Technology Consultant at CNBC – argued that the Chinese central bank digital currency could challenge the dominance of the American dollar this decade. Specifically, he beli...