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Ethena Labs Gears Up for Major USDe Reserve Boost
The Ethena Labs community has proposed using Solana (SOL) as collateral for the synthetic stablecoin USDe, which is backed by hedged trades and reserves. This initiative is now under review by the independent Ethena Risk Management Committee, which has seven days to evaluate the proposal.Tether Announces a Film to Mark Its 10th Anniversary
Tether, the issuer of the world’s largest stablecoin, USDT, is celebrating a decade of operations. In honor of this milestone, the company has announced a documentary titled "Stability and Freedom in Chaos," which focuses on USDT's role in combating national currency inflation, using case studies from countries like Turkey, Brazil, and Argentina.Ripple Minted 99% of Its RLUSD Stablecoin Total Supply in a Day
At the end of September, Ripple got a major update related to its Ripple USD (RLUSD) stablecoin. The blockchain payments company minted 800,000 RLUSD, or 99% of the total supply in 24 hours, according to an X post by XRP Ledger validator Vet.BitGo Announces Yield-Bearing Stablecoin USDS
BitGo is set to launch its own yield-bearing stablecoin, USDS, in early 2025. The stablecoin will be backed by cash and short-duration Treasury bills that generate returns. The initial market capitalization is expected to reach approximately $10 billion within the first year. Tether Plans Major Team Expansion
Tether, the issuer behind the USDT stablecoin, is planning to double its headcount over the next year to better meet regulatory demands. This expansion will bring the company’s workforce to around 200 employees. The financial department, responsible for managing the company’s $118 billion in reserves, will also see the bolstering. 
Coinbase to Delist Non-MiCA Compliant Stablecoins, Including USDT
Coinbase, the world’s second-largest cryptocurrency exchange by trading volume, announced it will delist all stablecoins that do not meet the MiCA regulations set by European authorities. Among those at risk is USDT, the leading stablecoin issued by Tether Holdings Ltd.Ethena Labs Introduces the UStb Stablecoin
Ethena Labs announced the launch of a new stablecoin, UStb, backed by BlackRock's tokenized Treasury fund, BUILD. This coin will operate independently from the existing USDe, which utilizes hedging strategies, including trades involving cryptocurrencies like BTC, ETH, and SOL, to offer users a yield. Sky Promises Right to Appeal in Asset Freezing Cases
The new stablecoin USDS, poised to replace DAI, might feature a decentralized process for appealing frozen assets if such measures are implemented in the future. Currently, there is no mechanism for freezing funds, but it could be added through an update to the smart contract. MoonPay Teams Up with Ripple: XRP Now Available on the Platform
In addition to Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and the stablecoin Tether (USDT), MoonPay users can now add XRP to their portfolios. This expansion aligns with the growing demand for this cryptocurrency and broadens the platform’s capabilities.Ripple Announces Key Partners for RLUSD Stablecoin
Ripple, a leading digital asset infrastructure provider, has announced its partners for the launch of the RLUSD stablecoin. Bitstamp, Uphold, Bitso, MoonPay, Independent Reserve, CoinMENA, and Bullish will be collaborating on this initiative. Market makers B2C2 and Keyrock are also on board to support RLUSD’s liquidity.SEC Settles With TUSD Issuers
The U.S. Securities and Exchange Commission (SEC) settled charges against California-based companies TrustToken and TrueCoin, which operate under the Archblock brand, for selling unregistered securities and providing misleading information regarding the reserves backing their stablecoin, TrueUSD (TUSD). Ripple vs SEC: Is This the Final Chapter?
The crypto world is buzzing as the Ripple-SEC court case develops into a thrilling narrative, with discussions of a penalty discount, looming appeals, new stablecoin trials, and talk of an XRP ETF. We’re here to unravel the intricacies of this compelling drama.