Can Non-USD Stablecoins Compete?

Can Non-USD Stablecoins Compete?

Stablecoins continue growing into a pillar of both the cryptocurrency world and the global financial system. The market has already surpassed $235 billion, showcasing that people have faith in the future of these assets.Currently, two USD-backed stablecoins (USDT and USDC) have about 90% of the market. The rest of the top-10, including USDe and PYUSD, are all dollar-denominated. Euro-based stablecoins have little market share by comparison. Why …

As They Disrupt Banks, How to Profit From Stablecoins

RiskHedge—Disruption Research, Disruptive Technology Stocks—RiskHedge helps investors profit from disruption by providing research on the latest breakthrough technologies and the stocks driving th

The gold standard is back — Stablecoins need to rethink what ‘backing’ really means

Opinion by: William Campbell, advisory lead at USDKGStablecoins were heralded as a breakthrough in the cryptocurrency space as a way to marry the lightning-fast, borderless nature of digital assets with the stability of traditional currencies. They achieve this by pegging their value to reserves like fiat currencies or commodities. Stablecoins are engineered to maintain a fixed exchange rate, typically one-to-one, with the underlying asset.What …

How Stablecoins Are Revolutionizing Global Payments?

The need for global payments is increasing daily. A key innovation that has simplified global payments is stablecoins. The emergence of various stablecoins is redefining the global payment system. With the help of stablecoins, individuals, businesses, and other entities can make seamless global payments.  The traditional financial system has several gaps that create challenges for businesses in cross-border payments. Some common challenges inclu…

DWF Labs Mints USD1 Stablecoin, First Test Transaction Hits Wallet

A test transaction using the USD1 token was confirmed on the BNB Smart Chain, which might indicate that DWF Labs is engaging in early-stage activities. DWF Labs, may have been doing a test or first integration step with this rather tiny transaction. Launched for the cryptocurrency project wlfi, which is backed by Trump, DWF Labs has announced a strategic relationship with the USD1 stablecoin. The USD1 stablecoin hopes to attract more users, offe…