Some Stablecoins Face De-Pegging Risks, S&P Global Ratings Says

By Elias Schisgall Some stablecoins are well-positioned to maintain their peg to fiat currencies, but others face greater risks of de-pegging, S&P Global Ratings said Tuesday. Of the 11 stablecoins

WSJAug 5 01:57

OUSD’s Impact on Circle, Tether, and Paxos: Not a Simple Bearish Factor, but a More Complex Competitive Reshaping

Author: @HadickM, Partner at Dragonfly Translated by: Wu Shuo Blockchain OUSD will not be the last new competitor; Circle needs to respond more proactively in terms of product, distribution, and ecosystem partnerships. The impact of OUSD on Circle is not purely bearish. The market’s reaction—pricing in a 15% to 20% decline in CRCL’s share price—is somewhat justified, but this does not mean Circle faces a ‘death sentence.’ Circle still possesses deep liquidity, existing integrations, and first-mover advantages, particularly through its partnership with Coinbase.

ChainCatcherJul 5 10:06

Dragonfly Partners: OUSD Emerges, Leading to Diverging Fortunes Among the Stablecoin Triad

Circle’s stock price plummeted, but it is actually Paxos that has been truly hard hit.

ForesightJul 2 15:00

Express News | Trace Finance Raises $32 Million in Series A Funding Led by CoinFund

On June 17, stablecoin infrastructure company Trace Finance closed a $32 million Series A funding round to expand its stablecoin payments infrastructure platform. The round was led by CoinFund, with participation from Coinbase Ventures, Haun Ventures, Jump Capital, Paxos, Chainlink Labs, and HOF Capital. Angel investors participating in the round included Sean Neville, co-founder of Circle; Anatoly Yakovenko, co-founder of Solana Labs; Bam Azizi, co-founder and CEO of Mesh; and Ricardo Villela Marino, partner and vice chairman of Itaú Unibanco, Latin America’s largest bank.

BreakingsJun 17 22:22

Paxos Secures SEC Registration as Clearing Agency

DecryptMay 29 18:34