Month: April 2025

Is This The Real Reason Why Tether Is Buying Bitcoin?

Tether, the issuer of USDT, is stockpiling Bitcoin in 2025. Is this a strategic move to protect against a USDT depeg? In 2021, USDC depegged and couldn’t restore the peg immediately because banks were closed. The world’s largest multichain stablecoin by market cap—has been aggressively accumulating Bitcoin over the...
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FDUSD stablecoin depegs following claims made by Justin Sun

The First Digital US-dollar pegged stablecoin (FDUSD) depegged on April 2 following claims of insolvency from Tron network founder Justin Sun, who said that the issuer of the tokenized fiat equivalent, First Digital, is insolvent. First Digital responded to the claims by assuring users that the issuer is completely...
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XRP price hangs on a thread as Kraken adds RLUSD

The XRP price was trading above a crucial support level on Wednesday after Kraken added its stablecoin. Ripple (XRP) was trading at $2.10, down over 37% from its highest level this year. The decline has brought its market cap to…...
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Ripple merges RLUSD into payments platform to expand utility

Ripple has integrated its USD-backed stablecoin, RLUSD, into its flagship payments platform, Ripple Payments.  Ripple (XRP) is doing this to improve cross-border payment efficiency and expand RLUSD’s (RLUSD) utility among financial institutions, according to a note shared with crypto.news. Since…...
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