Latest News

Ripple Burns 30M RLUSD on Ethereum
Ripple burned 30M RLUSD on Ethereum on May 28, likely tied to redemptions or cross-chain rebalancing, signaling active supply management.

RLUSD Moves $59M on XRP Ledger for $0.000188
Ripple's RLUSD settled $59 million on the XRP Ledger this week for just $0.000188, showcasing ultra-low fees and boosting XRP's payments narrative.

RLUSD Debuts on Bitrue for Futures Margin
Bitrue added Ripple's RLUSD as futures margin on April 16, expanding the stablecoin's utility beyond transfers and embedding it deeper in trading.

USDX Stablecoin Supply Collapses After $676M Burn
USDX's circulating supply plunged 98.9% after a $676M token burn on April 8, with no public explanation yet for the sudden stablecoin collapse.

Canada Stablecoin Rail Gets Deloitte Backing
Deloitte Canada is partnering with Stablecorp to build QCAD stablecoin infrastructure for banks, targeting compliant treasury and settlement rails.

Ripple Burns 40M RLUSD Amid Scrutiny
Ripple burned nearly 40M RLUSD on Ethereum earlier today, raising fresh questions over stablecoin demand, supply management and transparency.

Mert Warns Circle of Potentially Large Exploit
Mert Mumtaz publicly urged Circle to respond ASAP after spotting a high-likelihood, potentially large exploit tied to USDC risk.

NovaBay Nears 9% of SKY in Stablecoin Pivot
NovaBay is rebranding as Stablecoin Development Corp, raising $134M and buying 2.06B SKY tokens, nearly 9% of supply, in a stablecoin pivot.

Ripple Burns 10M RLUSD as Supply Tightens
Ripple burned 10M RLUSD yesterday; trackers show 30M burned in one day and 45M burned vs 10M minted this week, signaling tighter supply on-chain contraction.

Wells Fargo Files 'WFUSD' Trademark, Hinting at Crypto Payments and Trading Tools
Wells Fargo filed a 'WFUSD' trademark for crypto payments, trading and staking software, signaling a potential stablecoin-style push into blockchain finance.

Ripple Burns Record 10M RLUSD After Minting 69M, Shrinking Stablecoin Supply
Ripple burned a record 10M RLUSD on XRPL in one transaction after minting 69M, plus ~1M on Ethereum, shrinking Ripple USD's circulating stablecoin supply.

Sonic Labs Launches USSD, a Treasury‑Backed Stablecoin Using BlackRock and WisdomTree Funds
Sonic Labs launches USSD, a Treasury-backed stablecoin with reserves in tokenized BlackRock and WisdomTree funds for stronger, transparent dollar backing.

SoFi Enlists BitGo for Custody and Issuance Rails Behind Bank-Issued Stablecoin
SoFi Bank will launch fully reserved SoFiUSD stablecoin, using BitGo for custody and issuance rails as U.S. regulated stablecoins gain momentum this year.

Ripple Mints Record 69M RLUSD on XRPL as Tokens Appear Bound for Gemini
Ripple mints record 69M RLUSD on XRPL, its biggest single issue yet, with on-chain traces suggesting tokens are headed to Gemini to seed exchange liquidity.

Trump-Linked WLFI Stablecoin Briefly Depegs as Team Claims ‘Coordinated Attack’
Trump-linked WLFI stablecoin briefly depegged below $1, then recovered as the team blamed a coordinated attack, highlighting liquidity risks in thin markets.

House Democrats press Treasury to review World Liberty’s bank charter bid amid reported UAE stake
House Democrats urge Treasury to scrutinize World Liberty Financial's trust bank charter bid for a dollar token, citing systemic risk and reported UAE ties.