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Stablecoin

All articles tagged with #stablecoin

Circle Stock Declines Despite Strong Earnings and Revenue Growth

Originally Published 2 months ago — by Barron's

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Source: Barron's

Circle's stock fell nearly 10% despite beating earnings expectations, due to concerns over increased full-year expenses, potential insider share sales following lockup expiration, and the impact of lower interest rates on its revenue from USDC reserves. The company remains optimistic about long-term growth in stablecoins despite short-term challenges.

Ripple's $500 Million Investment Boosts Valuation and Founder Wealth

Originally Published 2 months ago — by Sherwood News

Featured image for Ripple's $500 Million Investment Boosts Valuation and Founder Wealth
Source: Sherwood News

Ripple announced a $500 million investment and a pilot program with Mastercard, WebBank, and Gemini to explore using its stablecoin RLUSD for fiat credit card transactions on the XRP Ledger. The news initially boosted XRP's price, but it later fell over 5%. RLUSD's supply has increased by 30% in a month, indicating growing adoption. Analysts see Ripple shifting towards a fintech and payments focus, with potential plans to go public.

Ripple Secures $500 Million Investment from Fortress and Citadel at $40 Billion Valuation

Originally Published 2 months ago — by Bloomberg.com

Featured image for Ripple Secures $500 Million Investment from Fortress and Citadel at $40 Billion Valuation
Source: Bloomberg.com

Ripple has raised $500 million at a $40 billion valuation with backing from major Wall Street firms like Fortress and Citadel Securities, aiming to expand its services in custody, stablecoins, and prime brokerage. Its US-dollar backed stablecoin RLUSD has surpassed $1 billion in market value, and the company has processed over $95 billion in transactions, positioning itself as a key infrastructure provider for institutional crypto adoption amid increasing regulatory clarity and industry momentum.

Ripple Secures $500M Funding, Valued at $40B with Citadel and Fortress Investment

Originally Published 2 months ago — by Financial Times

Featured image for Ripple Secures $500M Funding, Valued at $40B with Citadel and Fortress Investment
Source: Financial Times

Ripple has raised $500 million from investors including Citadel Securities and Fortress Investment Group, valuing the company at $40 billion. The funding underscores growing institutional interest in stablecoins and digital tokens, with Ripple aiming to expand its role in stablecoin infrastructure and payments. The company, founded in 2012, offers its own stablecoin RLUSD and the XRP token, and has made recent acquisitions to bolster its market position.

Ripple's Expansion and the Future of XRP in Global Finance

Originally Published 2 months ago — by The Motley Fool

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Source: The Motley Fool

Despite a recent surge driven by hopes of regulatory clarity, XRP's long-term prospects are uncertain as banks can use Ripple's services without XRP, and Ripple's focus on stablecoins may reduce demand for XRP as a bridge asset. The article predicts XRP will likely underperform the market over the next decade.

Japan launches its first yen-backed stablecoin, JPYC

Originally Published 2 months ago — by theblock.co

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Source: theblock.co

Japan's JPYC Inc. has launched the country's first legally recognized yen-backed stablecoin, JPYC, which maintains a 1:1 peg with the yen and is backed by yen deposits and government bonds. The stablecoin is available on multiple blockchains and aims to reach 10 trillion yen in circulation within three years, with several Japanese businesses planning to incorporate it into their services.

Hyperliquid's USDH Stablecoin Gains Momentum Amid Market Competition

Originally Published 3 months ago — by AMBCrypto

Featured image for Hyperliquid's USDH Stablecoin Gains Momentum Amid Market Competition
Source: AMBCrypto

Hyperliquid launched its new stablecoin USDH backed by cash and Treasuries to strengthen its trading ecosystem, but it faces stiff competition from rival Aster, which has overtaken it in weekly trading volume. Additionally, a significant $12 billion HYPE token unlock scheduled for November has caused market turbulence, with HYPE's price showing signs of weakness and bearish momentum.