Amplify Stablecoin Technology ETF(STBQ.US)

Last Updated 19:00:00 ET
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Amplify Stablecoin Technology ETF
STBQ.US
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Fashion Group Hyungji Partners with Arbitrum Foundation for Stablecoin Payment System

South Korean apparel company Fashion Group Hyungji has entered into a memorandum of understanding with Arbitrum Foundation to create a digital payment system based on stablecoins. According to NS3.AI, the collaboration seeks to integrate stablecoin payments within Hyungji's distribution networks both domestically and internationally. This initiative is anticipated to enhance payment convenience and lower transaction costs.

CoinLive·
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CoinLive·
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Stablecoin Market Predicted to Grow by 40% Annually, Says Circle CEO

Jeremy Allaire, CEO of Circle, predicts a 40% annual growth rate for the stablecoin market, driven by its integration into the global banking system. According to NS3.AI, Allaire highlighted at the World Economic Forum that stablecoins, such as USDC, are evolving from experimental tools to essential components of financial infrastructure. This transformation is increasing transaction volumes among banks and payment networks, with the expectation that all financial entities will eventually become part of the stablecoin ecosystem.

CoinLive·
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CoinLive·
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Celsius Estate Sues TrueUSD Firms Over Alleged Misuse of Customer Deposits

The Celsius estate has initiated legal action against companies managing TrueUSD stablecoins, accusing them of using customer deposits for high-risk offshore investments. According to NS3.AI, Celsius asserts that it is unable to redeem stablecoins valued at nearly $13 million, despite liquidity support from Justin Sun's Techteryx. The accused firms have refuted the allegations, yet ongoing lawsuits and insolvency challenges at associated entities like Prime Trust have sparked apprehension regarding the stability of TrueUSD and similar stablecoins.

CoinLive·
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CoinLive·
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Noble blockchain shifts from Cosmos to launch a standalone EVM

Noble, a stablecoin blockchain, is transitioning from the Cosmos ecosystem to a standalone Ethereum Virtual Machine (EVM) layer 1, set to launch on March 18. This shift aims to leverage a better tech stack, enhance developer accessibility, and overcome scaling limitations of Cosmos. Noble has processed over $22 billion in transactions since 2023 and supports over 50 blockchains. The move reflects a broader trend of crypto projects adopting Ethereum as their infrastructure, with Ethereum holding a 66% market share in stablecoins and tokenized real-world assets.

Cointelegraph·
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Cointelegraph·
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13:35 ET Clapp Finance lancia i risparmi flessibili: fino al 5,2% di APY con accesso immediato

Clapp Finance has launched its Flexible Savings program, offering up to 5.2% APY on cryptocurrencies, stablecoins, and euros without locking funds. This product aims to meet the rising demand for passive income from digital assets, allowing users to earn competitive interest while maintaining immediate access to their funds. Key features include daily interest capitalization, multi-asset support, and regulatory compliance. The launch reflects the growing interest in yield-generating stablecoins, with users able to start saving with as little as €10 or $10.

prnewswire·
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prnewswire·
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