That’s on par with Mastercard, which reported about $12.9 billion in net income in 2024. Tether generates its profits through the interest it reaps from its stablecoin reserves, or the U.S ...

Stablecoins are supercharging dollar dominance globally. USDT and USDC creating parallel financial systems that extend USD ...

A stablecoin is a crypto asset whose issuer represents that the stablecoin will maintain parity with a designated fiat currency or another referenced asset or group of assets. Most global stablecoins ...

A stablecoin is a cryptocurrency (crypto) that is tied to the value of an underlying asset, most often a fiat currency like the US dollar. Stablecoins are designed to limit volatility by ...

Stablecoin design takes many different forms, each with its own tradeoffs: - Reserve-backed stablecoins: Cryptocurrencies pegged to the value of a fiat currency held in reserve by a company or ...

Asked about a BofA stablecoin, Moynihan told the Economic Club of Washington, DC: “If they make that legal, we will go into that business." With Donald Trump in the White House, Senate Banking ...

(Bloomberg) -- Yield-bearing stablecoins have long been on the wish list of many crypto market participants who use the tokens to facilitate billions of dollars in transactions daily. Now US ...

The MEXC cryptocurrency exchange has invested in synthetic dollar protocol Ethena in a broader push to promote stablecoin development and adoption. On Feb. 26, MEXC said it allocated $20 million ...

Ethena, developer of the synthetic stablecoin USDe, has raised $100 million to finance a similar token targeted at traditional financial (TradFi) institutions, Bloomberg reported on Monday.

"USDC becomes the first and only global dollar stablecoin to become approved for use in Japan," wrote Circle CEO Jeremy Allaire. In Japan, regulatory changes in 2023 cleared the way for licensed ...