Stablecoins

Enhancing Crosschain Transactions with AUSD Stablecoin on AggLayer

Monday. November 11 at 7:00 PM

1 min. read
Enhancing Crosschain Transactions with AUSD Stablecoin on AggLayer

Agora, a stablecoin company, has introduced its AUSD stablecoin as the native currency for Polygon’s AggLayer, a crosschain settlement network, to facilitate multichain transactions using a stable, fiat-backed asset. This partnership aims to streamline liquidity for developers and end-users in the AggLayer community by eliminating the need for token bridges. Agora, co-founded by Nick van Eck, Drake Evans, and Joe McGrady, has institutional-grade stablecoin AUSD backed by custodians like State Street and VanEck. The integration of AUSD on AggLayer as the native stablecoin offers reduced transaction costs and smoother crosschain interactions. Developers can now access AUSD without additional fees or bridging processes, enhancing efficiency. AUSD also provides a reliable store of value and payment method for decentralized applications on the AggLayer, promoting a more egalitarian economic network where income is shared among network participants. The recent partnership with Fabric Cryptography to introduce zero-knowledge proofs further enhances security and reduces costs for developers and end-users on the AggLayer.

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Tether's Recent USDT Minting Raises Concerns

Tether's Recent USDT Minting Raises Concerns

Saturday. December 7 at 4:00 PM

Tether has recently minted 2 billion USDT on December 6, adding to its total of 19 billion since November 6. This move highlights Tether's dominance in providing liquidity to the crypto market but also raises transparency and systemic risks concerns. The minting spree has prompted speculation about Tether's reserves and potential over-supply. While Tether emphasizes strong backing and discussions with regulators, critics worry about market confidence. The recent mints aim to optimize liquidity by reallocating USDT to Ethereum. Despite benefits in sustaining liquidity, the shift in dynamics could impact smaller blockchains and increase network congestion. Tether's actions underscore the importance of transparency and reserve management in stablecoin operations, especially in a market where stablecoins play a significant role in daily trading activity.

Stablecoins

Holyheld Secures Funding for BRRR Protocol Expansion

Holyheld Secures Funding for BRRR Protocol Expansion

Friday. December 6 at 1:00 AM

Holyheld, a Swiss crypto payments startup, has received funding to enhance its BRRR protocol. The investment comes from Toyota Ventures, TempleDAO, Tomahawk VC, and other prominent investors. The BRRR protocol aims to facilitate real-time global transactions by connecting blockchain networks with traditional payment systems. Holyheld's app, popular in Europe, allows users to use cryptocurrencies for daily purchases while maintaining self-custody of funds. The funding will support the expansion of the protocol to more clients and payment networks worldwide. Holyheld has integrated numerous crypto protocols and processed over $100M in volume since its launch. The company's goal is to enable crypto customers and fintechs to create innovative payment solutions using stablecoins. For more information about Holyheld, visit https://holyheld.com/ or https://holyheld.com/BRRR.

Stablecoins

Transition to Stablecoins: dtcpay's Strategic Move

Transition to Stablecoins: dtcpay's Strategic Move

Wednesday. December 4 at 12:00 AM

Singapore's dtcpay, a licensed payment platform, has announced a significant change effective 2025. The company will no longer accept Bitcoin and Ethereum as payment methods, focusing instead on stablecoins and fiat currencies for increased stability. This decision aims to provide a more secure payment environment in compliance with regulations. dtcpay plans to pivot towards stablecoins like USDT, USDC, WUSD, and FDUSD starting January 2025, aligning with the growing trend of digital payments. By embracing stablecoins, dtcpay aims to tap into the expanding market, as evidenced by a Chainalysis report showing significant payments made using these asset-backed tokens. This strategic shift underscores the importance of reliable digital payment methods, enhancing consumer trust and confidence in dtcpay's innovative services. Recognized for its progressive growth and industry accolades, dtcpay continues to lead in digital payment solutions, recently joining the Mastercard Starter Path programme and introducing a regulated POS system for crypto payments in Singapore.

Stablecoins

Crypto Investor's Bold Policy Change Request

Crypto Investor's Bold Policy Change Request

Tuesday. December 3 at 10:00 PM

Crypto investor Charlene Woods, known as the 'cryptocurrency queen,' is urging President-elect Donald Trump to implement a major policy change that could skyrocket the industry next year. Woods, a luxury real estate agent and avid crypto investor, made the plea during an interview on FOX Business. She emphasized the need for no taxes on crypto to boost the market. Recently, Woods capitalized on the post-election 'Trump bump' by selling a portion of her holdings, enabling her to cover expenses like her dog's surgery and a private jet trip. Despite not disclosing the exact amount sold, Woods expressed her intention to reinvest in promising cryptocurrencies like Bitcoin and XRP. With earnings nearing $500,000, she plans to splurge on luxury items and exotic trips once she hits the $1 million mark. Woods also shared her past investment lessons and strategies for future gains in the volatile crypto market.

Stablecoins