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blockonomi.com Ripple’s RLUSD Gains Traction as China Eyes Stablecoin Revolution

TLDR China’s National Petroleum Corporation is exploring stablecoins for cross-border payments through its state-backed enterprises. PetroChina is monitoring Hong Kong’s stablecoin regulatory framework for potential use in international settlements. A stablecoin exchange system in Shenzhen has processed over 100,000 transactions daily, facilitating Hong Kong dollar and digital yuan swaps. China is considering the introduction of [...] The post Ripple’s RLUSD Gains Traction as China Eyes Stablecoin Revolution appeared first on Blockonomi.

news.bitcoin.com Report: Stablecoin Exchange Reserves at All-Time High as Capital Inflow Slows

A new divide in crypto liquidity is taking shape as stablecoin exchange reserves climb to unprecedented levels even while market capitalization growth cools, according to a new report from Cryptoquant’s analysts. Stablecoin Exchange Reserves Climb to $68B Onchain analytics firm, Cryptoquant, and data from cryptoquant.com, highlight that stablecoin exchange reserves have hit a record $68 […]

bitcoinist.com Tron Cuts Network Fees By 60% To Strengthen Position In Stablecoin Market

The Tron (TRX) network has made headlines by approving a significant reduction in transaction fees, cutting them by up to 60% following a majority vote within the community, as rising fees have been seen as a barrier to user participation and ecosystem development. Fee Adjustments On Tron The proposal to lower fees was driven by […]

bitcoinist.com CoinShares Reports $32.4 Million Net Profit in Q2, What’s Behind The Gains?

European crypto asset manager CoinShares has released its second-quarter results, showing a net profit of $32.4 million. The figure, while slightly down 5.3% from the prior quarter, represents a 1.9% increase year-over-year, supported by growing management fees, improved treasury performance, and strong momentum in physically backed products. The company attributed the results to a surge […]