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Aave Labs Proposes GHO Stablecoin Integration with BlackRock’s $509M BUIDL Fund
Aave Labs is eyeing a collaboration with BlackRock to integrate its $509M $BUIDL tokenized fund into Aave's $GHO Stability Module, boosting stablecoin efficiency and yield opportunities. Key points: Aave Labs' big move: Aave wants to plug BlackRock’s $BUIDL fund into its $GHO Stability Module (GSM). BUIDL = Real assets: $BUIDL token represents traditional assets like......
Tether Teams Up for UAE Dirham-Pegged Stablecoin
Tether plans to launch a new stablecoin pegged to the UAE Dirham (AEDT), partnering with Phoenix Group PLC and Green Acorn Investments Ltd. Key points: The leading stablecoin issuer is launching a stablecoin pegged to the UAE Dirham, fully backed by UAE-based reserves. This is a collaboration with UAE-based Phoenix Group PLC and Green Acorn......
🥛 Battle of the blockchains: Stablecoin supremacy 🪖
Today’s edition is brought to you by Agoric – an orchestration and smart contract platform for universally accessing liquidity from across web3.Discover how Agoric can simplify your multi-chain experience.GM. This is Milk Road, the crypto newsletter that's as smooth as Michael Jordan's fadeaway jumper.Here’s what we got for you today:✍️ The race to acquire stablecoins💰......
SEC Drops Paxos Investigation: Major Win for Stablecoins
The Securities and Exchange Commission (SEC) has decided to conclude its investigation into Paxos, according to a report by Fortune. This decision comes more than a year after the commission issued a Wells notice to Paxos. Key points: SEC ends probe into Paxos without recommending enforcement action. Paxos expresses relief and anticipates accelerated enterprise partnerships.......
Circle Launches MiCA-Compliant USDC and EURC Stablecoins in Europe
Stablecoin issuer Circle has announced its compliance with the European Union's Markets in Crypto-Assets (MiCA) regulations. According to Circle CEO Jeremy Allaire, this move positions Circle as the first global stablecoin issuer to adhere to the new EU stablecoin laws. Key points: Circle is now authorized as an e-money issuer by the ACPR in France.......
3 reasons why Stablecoins are going to explode!
GM! Welcome to Milk Road PRO – your weekly crypto dose that’s more stable than your morning coffee. Today, we are going to talk about the biggest crypto use case: Stablecoins. They are digital representations of fiat currencies (like the USD) on the blockchain. And people love them. In fact, stablecoins are responsible for most of the......
Tether Expands Beyond Stablecoins, Launches Four New Business Divisions
Stablecoin issuer Tether has announced a significant expansion beyond its well-known USDT stablecoin offering. To deliver a range of infrastructure solutions, Tether has established four distinct business divisions: Tether Data, Tether Finance, Tether Power, and Tether Edu. Key points: Tether Data develops and invests in developing technologies like AI and peer-to-peer systems. Tether Finance serves......
PayPal Introduces Fee-Free Cross-Border Money Transfers Using PYUSD Stablecoin
PayPal has announced a new feature that allows U.S. users to fund cross-border money transfers using USD converted from its native stablecoin, PayPal USD (PYUSD). The service, powered by PayPal's money transfer platform Xoom, enables users to send money to friends and family in approximately 160 countries without incurring any Xoom transaction fees. Key points:......
🥛 Crypto has a new stablecoin 👀
Today’s edition is brought to you by BetterHelp – your well-being is an investment worth making.Take the Personalized Assessment.GM. This is Milk Road, where we bring you the crypto news that matters – no detours, straight to the destination.Here’s what we got for you today:Crypto’s getting a new stablecoin 👀Milk Road is launching a podcast......
Ripple Unveils Plans to Launch USD-Pegged Stablecoin on XRP Ledger
Ripple, the enterprise-focused blockchain service, has announced its intention to introduce a new stablecoin pegged to the U.S. dollar later this year. The stablecoin will initially be deployed on the XRP Ledger and the Ethereum blockchain. Key points: Ripple's stablecoin will be backed by USD deposits, short-term U.S. government treasuries, and other cash equivalents. The......
