PayPal’s stablecoin PYUSD has been expanding rapidly across the broader crypto landscape. In the past month alone, total supply surged 113 percent, reaching an all-time high of $2.54 billion dollars in circulation, making it the seventh-largest stablecoin behind USDe, USDS, DAI, and USD1. Ethereum currently holds about 1.84 billion dollars worth of PYUSD. Solana holds […]
Category: Stablecoins
Donationless Funding: Glo Dollar on Stellar
Imagine being able to fund a charity just by holding a stablecoin. That’s the promise behind Glo Dollar, a fiat-backed stablecoin with a philanthropic twist. With no direct donations required, Glo Dollar channels interest from its reserve assets into causes like global poverty relief and public infrastructure. But what does this mean for users on […]
Protected: Degen’s Guide to Bootstrapping Your Own Stablecoin on Stellar (for Less Than $200)
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A Deep Dive into GYEN and ZUSD
Stablecoins promise the benefits of digital assets without the price volatility of cryptocurrencies. But behind every “1:1 peg” lies a network of trust, audits, regulations, and reserve assets. GYEN and ZUSD, stablecoins pegged to the Japanese Yen and US Dollar respectively, and available on the Stellar network, are issued by GMO-Z.com Trust Company, Inc., a […]
AUDD: A Look at Australia’s Digital Dollar Stablecoin
With stablecoins increasingly vying to reshape cross-border finance, the Australian Digital Dollar (AUDD) aims to offer a compliant, fiat-backed stablecoin alternative pegged 1:1 to the Australian dollar. Issued by AUDC Pty Ltd, a subsidiary of the publicly listed Novatti Group (ASX:NOV), AUDD seeks to bridge blockchain efficiency with institutional-grade financial practices. But what’s behind the […]