Stablecoin | Crypto

A senior European Central Bank advisor has warned that Europe risks losing monetary sovereignty as euro-denominated stablecoins capture just 0.15% of the $230 billion global market while USD-pegged tokens like USDT and USDC account for 99% of total stablecoin market capitalization. The post Is Europe Losing the Stablecoin War? ECB Advisor Warns Yes appeared first on Cryptonews.

Agora, founded by Nick van Eck, aims to boost adoption of its white-label stablecoin platform with $50 million from Paradigm and Dragonfly. Stablecoin issuer Agora raised $50 million in a Series A funding round led by crypto venture firm Paradigm. The investment sets the stage for Agora to expand its white-label stablecoin offering, AUSD, amid growing interest in dollar-backed digital assets. Agora enables companies to launch their own branded stablecoins using AUSD’s underlying infrastructure, benefiting from shared liquidity and interoperability. The project is founded by Nick van Eck, son of VanEck CEO Jan van Eck, alongside crypto veterans Drake Evans and Joe McGrady. “What we wanted to do is really something novel, which is start by building the network,” van Eck told Fortune. “We always had the view that we were going to do white-labeled issuance in a different way to how existing peers had done it.” Read more

Four US-dollar stablecoin issuers hold roughly $182 billion in US Treasury bills, an amount that would slot them 17th on the Treasury Department’s country-by-country league table. The amount in overnight Treasury-collateralized repos and Treasury-heavy money market funds would put the group between Norway’s $195.9 billion and Saudi Arabia’s $133.8 billion. Tether’s USDT tops the cohort. […] The post Stablecoin issuers’ $182 billion US Treasury hoard ranks 17th among countries, beating UAE and South Korea appeared first on CryptoSlate.

USDC issuer Circle has again upsized its initial public offering above the marketed range, selling 34 million shares at $31 each. Update (June 5, 12:50 am UTC): This article has been updated to include more information about Circles’ IPO. Stablecoin issuer Circle Internet Group, Inc. has again boosted its initial public offering to $1.05 billion, pricing its shares above its previous marketed range. The USDC (USDC) stablecoin manager said on June 4 that it will now look to offer 34 million shares at a price of $31 each when it debuts on the New York Stock Exchange on June 5. Read more

Stablecoins could create new crypto use cases, especially for enthusiasts in developing countries, Aptos' head of ecosystem said. Stablecoin regulation is “the next catalyst” for the crypto industry and could lead to unprecedented “appetite from institutional investors,” according to Ash Pampati, head of ecosystem at the Aptos Foundation. In an interview with Cointelegraph at Consensus 2025 in Toronto, Pampati said that “the whole world outside of the United States […] has already jumped onto this [stablecoins],” adding that “the US is [...] at the doorstep.” “I really think about new use cases that can emerge because of the borderless nature of stablecoins, because of the efficiency of the dollar onchain,” he said. “If you're trying to send money to your friend in Nigeria, why do you have to go through a bunch of hoops?” Read more

The South Korean central bank has entered the political furore surrounding stablecoins, insisting it should have the final say over the issuance of a KRW-pegged coin. The post South Korean Central Bank Wades into Presidential Candidates’ Stablecoin Row appeared first on Cryptonews.

A state-backed investment firm in Abu Dhabi is set to make a $2 billion investment into crypto exchange Binance using USD1. The post Trump-Linked ‘Stablecoin’ USD1 to Power $2B Emirati Investment in Binance appeared first on Cryptonews.