Frax community approves frxUSD stablecoin backed by BlackRock’s BUIDL
According to RWA.XYZ, BlackRock’s US dollar Institutional Digital Liquidity Fund has over $648 million in assets under management.
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According to RWA.XYZ, BlackRock’s US dollar Institutional Digital Liquidity Fund has over $648 million in assets under management.
“Cryptocurrency transactions are not anonymous; they are the most traceable and trackable assets,” Tether CEO Paolo Ardoino said in April.
Bitcoin analysts predict a rally to $120,000 during the first month of 2025, with nearly $45 billion worth of stablecoin reserves awaiting deployment on Binance.
Inflows into crypto exchange-traded funds are a key driver of price performance, the asset manager said.
“We are passionate about backing technologies that will prevent censorship and things being shut down,” James McDowall told Cointelegraph.
Explore the potential of traveling the world with stablecoins. Learn about benefits, hurdles and whether crypto can power your next adventure.
Ethereum layer-2 networks now lock over $13.5 billion in stablecoins, driving total market capitalization to $205 billion.
The current stablecoin market cap is approximately $204 billion, but the sector remains highly centralized.
The announcement comes fresh on the heels of World Liberty’s purchase of $500,000 worth of ENA tokens.
Stablecoins will see a bright future in 2025, with massive growth and mass adoption supercharging the asset class.
