Posts and discussion tagged #stablecoins on DFace.
DFace NewsPNC Bank is piloting a system that allows eligible corporate and institutional clients to accept USDC payments on Ethereum. Each USDC token is automatically converted into one US dollar before being deposited. The test focuses on turning stablecoin transactions into traditional dollar deposits, potentially bridging crypto payments with conventional banking infrastructure. Why it matters: If adopte…
Source: Cointelegraph
DFace NewsMajor crypto companies are branching out beyond their core businesses. Coinbase, Robinhood and Circle have been expanding into stablecoins, payments and prediction markets. Their latest earnings reports, however, show that these ventures haven't yet freed them from the industry's familiar boom-and-bust cycles.
Which new crypto service would you trust most for everyday use: stablecoins…
Source: CoinDesk
DFace NewsTether holds 150,000 bitcoin, according to CEO Paolo Ardoino, a position worth about $11.5 billion at current prices. Ardoino did not specify where the additional coins are held. Holdings kept outside the reserves backing the USDT stablecoin, including the company's investments, would not show up in its attestation report. That distinction matters for anyone trying to gauge how much bitcoin e…
Source: CoinDesk
DFace NewsTether disclosed a net profit of $1.5 billion for the third quarter, while its excess reserves nearly doubled to $8 billion. The stablecoin issuer's U.S. Treasury holdings now rival those of major foreign holders. As of the end of September, Tether's Bitcoin reserves were valued at $8.37 billion. Why it matters: These figures reflect the growing financial footprint of the largest stablec…
Source: Cointelegraph
DFace NewsRipple expects a $900 million annualized product revenue run rate by the end of 2026, tied to its expanding institutional business. The company's stablecoin RLUSD is projected to reach $2.5 billion, and its payments network is expected to approach $150 billion in lifetime volume. These figures suggest Ripple is focusing on digital asset products and cross-border payment services to drive grow…
Source: The Block
DFace NewsSecuritize's tokenized stock offering, SECZ, saw its onchain market value drop to $208.6 million, according to recent data. Meanwhile, tokens tied to Circle across multiple issuers reached a combined $383.6 million, giving the stablecoin firm a wider lead in the tokenized equities space. These figures come from the broader $3.3 billion market for tokenized stocks.
What factors would make y…
Source: Cointelegraph
DFace NewsPhantom has started offering Kalshi prediction markets to its users in the US. Trades will be funded with CASH stablecoins, and the feature is not available in Michigan, Nevada and Washington due to local restrictions. Phantom says it is confident and comfortable with the rollout.
Would you use prediction markets inside your crypto wallet, or do you prefer other platforms?
#phantom #kalshi #…
Source: The Block
DFace NewsChainlink is partnering with LG CNS to bring its cross-chain, data, and orchestration tools into LG CNS's digital asset platform. The collaboration is aimed at supporting the expansion of Korean won stablecoins. By integrating these infrastructure pieces, the platform could offer more seamless movement and management of won-backed digital assets across different blockchains.
What do you th…
Source: The Block
DFace NewsSoFi Bank has introduced SoFi Earn, a new tokenized deposit product that offers a 4.40% annual percentage yield. The deposit comes with FDIC coverage. Account holders can convert their funds into stablecoins at any time, day or night.
Would you trust a bank-issued tokenized deposit over a regular savings account?
#sofi #tokenizeddeposit #cryptobanking #stablecoins
Source: Cointelegraph
