This category is about cryptocurrencies that are pegged to an existing asset such as USD, Gold, and EUR.
There are over 200 issuers of stablecoins globally. However, Tether, the issuer of USDt, and Circle, the issuer of USDC, are the two biggest. They are widely known for the disruptions they have caused in the market. While USDt is third by market cap, USDC ranks seventh, with a $61,250,484,949 market capitalization in the cryptocurrency … Read more
Barely a year after YellowCard partners Coinbase to enable its customers to access USDC (the second-largest stablecoin by market cap), YellowCard has announced another partnership, this time with Visa, a global digital payment firm. This partnership will allow users of the YellowCard app in 20 African countries to access stablecoins, helping to ease cross-border payments—a major … Read more
If signed into law, the bill will empower U.S. banking regulators to oversee stablecoin issuers, which could potentially extend the U.S. dollar’s influence in the cryptocurrency market. The U.S. Senate has passed the GENIUS Act, aimed at regulating and making stablecoins more appealing. The bill was approved by a vote of 68 to 30 lawmakers. … Read more
The recent growth of stablecoins such as USDt, USDC, USDe, among others—especially among business owners—is not far-fetched from the fact that they are more likely to retain their value than other extremely volatile cryptocurrencies. For startups that want to key into the use of stablecoins as a method of payment, here are the things you … Read more
There are 233 stablecoins in the cryptocurrency market, with Tether (USDT) accounting for over $154 billion in market capitalization as of June 8, 2025. This represents 66 per cent of the total stablecoin market, according to data from the crypto price tracking website CoinMarketCap. USDC, issued by Circle, which holds the second position in terms … Read more
Tether, a global stablecoin firm, has published its first official attestation report for the first quarter of 2025 and disclosed that Tether Gold (XAU₮) has witnessed astronomical growth, with more than 7.7 tons of physical gold backing the XAU₮ in circulation. In its independent auditor’s report, the company says that apart from XAU₮ being regulated … Read more
The buzz around the proposed new cNGN stablecoin by the Africa Stablecoin Consortium (ASC), comprising four banks and five other blockchain stakeholders, is phenomenal. Unlike eNaira, which is a Central Bank Digital Currency (CBDC) owned and managed by the Central Bank of Nigeria (CBN) with various limitations and restrictions due to its design, cNGN, the … Read more
Four Nigerian banks – Access, Providus, Sterling and First Bank – are collaborating with others to unveil cNGN token, a new stablecoin aiming to take decentralized finance to a new level. They are to operate under the name, “Africa Stablecoin Consortium (ASC)”. ASC is a consortium of Nigerian financial institutions, fintechs, and blockchain experts. The … Read more
Key Takeaways: What is Tether Gold (XAU₮)? Tether Gold (XAU₮) is a form of stablecoin backed by physical gold which provides you ownership on a 1:1 basis of one fine troy ounce of gold on a physical bar of gold. The power of blockchain technology gives you access to a stablecoin, which provides ownership of … Read more
Tether is a fiat-collateralized stablecoin pegged 1:1 to the US Dollar (USD) that offers its users a hedge of transacting with blockchain-based assets with the sole aim of mitigating price risk. Tether is powered by blockchain technology and primarily issued on the Ethereum and TRON blockchains with USD sitting in bank accounts. Key Takeaways: History … Read more