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Circle, the issuer of the USDC stablecoin, has announced layoffs affecting approximately 6% of its workforce. This decision is part of a broader internal review conducted during a turbulent period for the cryptocurrency industry, which has seen several companies scale back amid fluctuating market co

Bitcoin (BTC) set a new all-time high today as it rallied to cross the $98000 mark amidst a surge in stablecoin inflows. Stablecoin Inflows across crypto exchanges touched a new monthly high showcasing the growing investors' interest in the crypto market. This has resulted in speculations if it will

Solana (SOL) decentralised finance (DeFi) liquidity is up for a major boost as a new stablecoin USDS has been launched by Sky, previously known as Maker. The move aims to capitalise the Solana's blockchain's DeFi ecosystem growth. With this launch, USDS have become the first big DeFi native stableco

Decentralized finance (DeFi) is converging with traditional finance (TradFi) through innovative instruments like Treasury-linked stablecoins. These new assets, including Tether’s USDT, Circle’s USD Coin (USDC), and the freshly launched USDX on the Flare Network, are tethered to the low-risk yields o

Leading crypto exchange Binance has launched a new stablecoin called BFUSD which will provide high-yield earnings for traders. BFUSD will be a collateral for borrowing trading. The new stablecoin has an annual percentage yield (APY) of 19.55% which makes it a good alternative to conventional stablec