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Stablecoin

Best Altcoins to Buy as SEC Considers Tron ETF, Big Banks Mull New Stablecoin

by admin May 23, 2025

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

There have been major developments this week in the crypto landscape:

The SEC has formally acknowledged Canary Capital’s application for a staked Tron ETF, opening the proposal to public comment.
The ongoing evaluation of numerous other crypto ETF proposals suggests a potentially evolving regulatory perspective.
Major U.S. banking institutions like JP Morgan, Bank of America, and Citigroup are also reportedly in preliminary discussions to launch a joint stablecoin.
U.S. lawmakers advance stablecoin legislation, notably the GENIUS Act, aiming to provide a clear regulatory framework.

These developments signal growing institutional interest and a maturing regulatory environment for digital assets. For investors, this could highlight fresh opportunities in the altcoin market.

With a ‘Greed’ indicator of 76 and the market cap rising, the evidence of a ‘risk-on’ sentiment is clear. This is particularly clear when you note the rise of altcoins like $MIND of Pepe, which have raised over $10M in their presale.

Let’s delve into some of the best altcoins that could see an uptrend given these encouraging signs.

1. MIND of Pepe ($MIND) – AI Alpha as Your Winning Edge

With MIND of Pepe ($MIND), a new era of meme coin intelligence appeared, a unique fusion of the iconic Pepe culture and cutting-edge AI.

$MIND is your gateway to AI alpha, offering a winning edge in the fast-paced crypto markets. Its sophisticated AI will scour on-chain data, social sentiment, and emerging trends to reveal key insights and signals to give you a running start in the market.

Holding $MIND unlocks your access to these exclusive, AI-generated reports and analytics, designed to sharpen your strategies.

Raising over $10M already, and with a presale price at $0.0037515 (up 20.98% from its start), your window to jump in early is closing fast as the presale ends in just over a week.

We predict $MIND could hit $0.00535 (a 72.52% increase from the start of the presale) by the end of 2025. And this seems ever more likely with the positive regulatory shifts increasing market sentiment.

It’s about democratizing alpha by combining the market-moving power of Pepe with the deep analytical skills of AI. Get ready to think smarter, not just harder.

2. Pudgy Penguins ($PENGU) – Pudgy Power. Join the Huddle, Waddle to Wealth

Pudgy Penguins ($PENGU) represents much more than a popular NFT collection. It’s a rapidly expanding global IP and symbol of positivity, known for its ‘Pugdy Power.’

This beloved brand has successfully bridged Web3 and the mainstream with its adorable characters appearing as actual toys in major retail stores and an expanding content universe.

The $PENGU coin invites you to join the ‘Huddle,’ the passionate community at its heart, and participate in its growth.

$PENGU is central to this ecosystem, potentially offering governance, exclusive access, and rewards, allowing holders to ‘Waddle to Wealth’ by sharing in the brand’s expanding success.

You can buy $PENGU for $0.01409, up 0.67% from yesterday, and with a market cap of $886.85M.

Experience the merge between a heartfelt community and real-world branding to create value in the Web3 space.

3. Hamster Combat ($HMSTR) – Powering Hamster Combat. Your CEO Plays, Your Token Pays

Swivel into the CEO’s chair with Hamster Kombat ($HMSTR), the record-shattering Telegram game phenomenon captivating 300M players globally.

The $HMSTR token is the lifeblood of the ecosystem, designed not just for the largest crypto game ever, but for a future that extends far beyond that.

Having already broken records like achieving the largest Telegram channel (52M+ subs) and the fastest 100M+ player onboarding (2 months), Hamster Kombat is set for potentially crypto’s largest airdrop from its 100B token supply.

But $HMSTR is more than an airdrop; it’s a community-driven token set to power a burgeoning game publishing platform and seamlessly onboard the next billion users into Web3.

Your in-game strategy and engagement directly translate into your stake in this ecosystem. The Hamsters could be the new whales!

You can buy $HMSTR for $0.002319, as its market volume has increased by over 20% in the last 24 hours.

4. SUBBD ($SUBBD) – Beyond Disruption, It’s Creator Liberation

It’s time for a radical shift with SUBBD ($SUBBD), moving beyond simple disruption and into creator liberation. This platform is set to dismantle traditional barriers content creators face, offering real autonomy and ownership.

Picture an ecosystem where you fully control your content, your audience data, and your monetization, free from high platform fees and restrictive policies.

The $SUBBD token fuels that revolution, facilitating transparent transactions, community governance, and access to tools designed for direct creator-to-fan engagement and value exchange.

With 20% staking bonuses, and selling for $0.055475 at the current stage in its presale, $SUBBD is not one to miss. Buying is simple and impactful if you’re all about disruption and change for the better.

It’s about empowering artists, writers, musicians, and all creators to build sustainable careers on their own terms, fostering creative and financial freedom, making it one of the best presales.

It’s the dawning of the age of authentic creator empowerment with $SUBBD.

Crypto’s Turning Point: Invest with Insight

As the crypto industry matures and becomes more welcoming, it opens the space to crypto innovation and investment.

Especially with the positive regulatory signals we’ve seen this week, unique projects offering real value will naturally catch the eye of investors looking to navigate the space.

Coins like $SUBBD and $MIND, with their bold visions and cutting-edge approaches, are great examples of the exciting opportunities popping up in the altcoin market.

While the innovation, potentially being supported by clearer regulations, is exciting, it’s still essential to do your homework. Crypto is a rollercoaster, so do your own research to see if an investment fits with your goals and finances.

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.

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May 23, 2025 0 comments

Crypto Trends

Major U.S. Banks, Like JPM, Citi, BoFA, and Others, Mull Joint Stablecoin Launch: WSJ

by admin May 23, 2025

Major U.S. banks are weighing launching a joint stablecoin to fend off crypto competition.

Financial heavyweights like JPMorgan Chase (JPM), Bank of America (BAC), Citigroup (C), and Wells Fargo (WFC), have held discussion on the subject, the Wall Street Journal reported, citing people familiar with the matter. The talks are still in early stages and could change, the report added.

Within the consortium are also payments ventures owned by these banking powerhouses, like Early Warning Services, which runs Zelle, and The Clearing House, which handles real-time payments.

Stablecoins are cryptocurrencies pegged to the value of another asset like a fiat currency or commodity, can settle transactions in a matter of seconds. Banks see potential in them to improve their operations, with international remittances currently taking days through the traditional system.

One idea floated in the consortium’s talks is a stablecoin model open to other banks beyond the core group. Regional banks have also explored similar paths, the WSJ adds, citing sources familiar with the discussions.

The push comes as Washington inches toward regulation. The Senate recently advanced the Guiding and Establishing National Innovation for U.S. Stablecoin (GENIUS) Act, which Senator Hagerty (R-Tenn) described as one that “establishes the first-ever pro-growth regulatory framework for payment stablecoins.”

The improved regulatory environment has seen crypto firms seek bank charters, further adding pressure to banks.

Some of these large financial institutions have already made their move. Société Générale launched a euro-denominated stablecoin, EURCV, back in 2023 through its crypto arm SG Forge. It’s reportedly now looking to launch a U.S. dollar stablecoin as well.

Read more: U.S. Stablecoin Bill Approval Could Trigger a Long-Term Crypto Bull Market: Bitwise

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May 23, 2025 0 comments

Crypto Trends

US big banks hold early talks on joint crypto stablecoin: WSJ

by admin May 23, 2025

Some of the biggest banking companies in the US are reportedly exploring a team-up to launch a crypto stablecoin.

Companies owned by JPMorgan, Bank of America, Citigroup and Wells Fargo have discussed the possibility of jointly issuing a stablecoin, The Wall Street Journal reported on May 22, citing people familiar with the matter.

Other financial institutions linked to the potential stablecoin include Early Warning Services, the parent company of digital payments network Zelle, and the payment network Clearing House.

The discussions are still in the early stages, and a final decision on the project could change depending on the regulatory environment and the demand for stablecoins.

A JPMorgan spokesperson told Cointelegraph the company had no comment. Bank of America, CitiGroup, and Wells Fargo did not immediately respond to requests for comment.

On May 20, the US Senate voted 66-32 in favor of advancing discussion on the stablecoin-regulating Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act.

The bill outlines a regulatory framework for stablecoin collateralization and mandates compliance with Anti-Money Laundering laws. The bill is now headed to debate on the Senate floor.

Earlier this week, White House crypto czar David Sacks said he expects the bill will be passed and that it will receive bipartisan support.

However, high-ranking Democrats plan to amend the bill to include a clause prohibiting President Donald Trump and other US officials from profiting from stablecoins.

Trump and his family launched the crypto platform World Liberty Financial, which created the USD1 stablecoin in March. Critics argue that President Trump stands to personally benefit from passing favorable stablecoin regulation.

Related: World Liberty Financial brushes off oversight concerns from Congress

Stablecoin demand surges

The demand for stablecoins has been on the rise, with nation states adopting and institutions wanting to incorporate stablecoins.

The total market capitalization of stablecoins has shot up to $245 billion from $205 billion at the start of the year, representing a 20% increase.

Earlier this week, it was reported that yield-bearing stablecoins now account for nearly 4.5% of the entire stablecoin market, with a circulating supply of $11 billion.

Austin Campbell, a New York University professor and founder of Zero Knowledge Consulting, said the American banking lobby is “panicking,” as stablecoins can disrupt the traditional banking business model.

Earlier this month, it was reported that tech giant Meta is exploring ways to incorporate stablecoin payments into its platforms.

Magazine: Crypto wanted to overthrow banks, now it’s becoming them in stablecoin fight

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May 23, 2025 0 comments

GameFi Guides

America’s Biggest Banks Consider Teaming Up to Challenge $245B Stablecoin Market: WSJ

by admin May 23, 2025

In brief

Major U.S. banks, including JPMorgan and Bank of America, are reportedly exploring a shared stablecoin project.
The move hinges on pending federal legislation, such as the GENIUS Act, which would set regulatory standards for stablecoin issuance and oversight.
The initiative could position banks to compete with crypto-native issuers Circle and Tether.

Major U.S. banks are reportedly exploring a joint stablecoin venture to compete directly with the crypto industry’s growing dominance in digital payments.

Discussions are ongoing between JPMorgan Chase, Bank of America, Citigroup, Wells Fargo, and others through their co-owned payment companies, including Early Warning Services and the Clearing House, according to a Wall Street Journal report.

Those discussions hinge on forthcoming stablecoin legislation that could help form frameworks for banks and non-banks to issue stablecoins.

Stablecoins are digital currencies typically pegged to the U.S. dollar or other fiat currencies and, in recent years, are increasingly being backed by Treasurys.

While some see them as “destabilizing” to economic and fiscal policy, “individuals and businesses see a tremendous benefit,” Pedro Lapenta, head of research at Hashdex Asset Management, told Decrypt.

And the timing couldn’t be more apt.

This week, the Senate moved forward with the GENIUS Act, a bipartisan bill that aims to regulate payment stablecoins by setting federal reserve standards, transparency, and issuer oversight.

If the act becomes law, stablecoins could “accelerate the adoption of digital assets” in general and strengthen “the investment case for Bitcoin and other crypto,” Lapenta said.

But it isn’t really about the investor. Banks see the changing regulatory landscape as a possible green light to begin exploring ways to challenge the dominance of Circle and Tether’s stranglehold over the $245 billion stablecoin market.

Circle, a U.S.-regulated issuer, initially launched its USDC stablecoin in 2018 alongside Coinbase through the Centre Consortium, in a bid to offer an alternative to Tether’s market-leading USDT, which debuted in 2014 on the Bitcoin-based Omni Layer.

Tether has maintained a dominant position in the stablecoin sector despite years of scrutiny over the transparency of its reserves.

Since 2022, the stablecoin issuer has released quarterly attestations, in a bid to assuage concerns. It now accounts for more than 60% of the market.

Circle, on the other hand, has sought to differentiate USDC by positioning it as a more compliant product, citing third-party attestations and closer regulatory engagement in the U.S.

But it, too, has had its own set of problems, including a temporary depegging of USDC in 2023 following the collapse of Silicon Valley Bank, stalled plans to go public via a SPAC deal in 2022, and declining market share.

The entry of major global financial firms may soon test the staying power of both incumbents and chip away at their dominance.

Hong Yea, co-founder and CEO of GRVT, a licensed on-chain exchange, told Decrypt crypto-native issuers still have a critical role to play as traditional finance builds new infrastructure.

“Crypto-native stablecoin issuers get an intrinsic grasp of how the blockchainized world functions,” Yea said. “Their years of experience, knowledge, and trials would be invaluable for the construction of institutional-grade stablecoin infrastructure.”

He likened the dynamic to traditional industries relying on digital consultants during early transformation efforts.

“The traditional financial world’s navigation into the on-chain economy could have some help too from the natives,” he said.

Yea added that if legacy players are to seriously engage with the stablecoin sector, crypto issuers must also step up their alignment with regulatory norms.

“I’d advocate for industry leaders to adopt a more proactive fashion with regulations and compliance,” he said. “Without hand-in-hand efforts from both sides, it’s going to be hard for the pie to grow as a whole.”

For now, the discussion among banks remains in its infancy and could change at any time, per the report.

Tether and Circle did not immediately respond to requests for comment.

Edited by Sebastian Sinclair

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May 23, 2025 0 comments

NFT Gaming

Ripple Sees Abnormal 101% Spike in USD Stablecoin Volume, What’s Going On?

by admin May 22, 2025

Bitcoin hit an all-time high of $111,880, and the stablecoin market saw a significant jump in activity — with Ripple USD (RLUSD) being a standout. In the last 24 hours, RLUSD saw its trading volume more than double, jumping by 103.47% to reach $150.49 million, according to CoinMarketCap.

Even though it is ranked 15th among USD-pegged stablecoins by market cap, the token’s volume puts it far ahead of many more well-known names in the field.

Only USDT and USDC

There are a lot of stablecoins on the market, but not many of them moved the same amount during the same period. Out of over a dozen USD-pegged stablecoins with big market caps, RLUSD was ranked 15th by size, but only Tether and USDC had higher volumes. There are currently 310.54 million tokens in circulation, and around 2,700 people have wallets for them. There is no set maximum supply either.

Global Dollar Stablecoin Eyes Hundreds of Partners Attracted by Yield, Sees ‘Big Names’ From TradFi

by admin May 22, 2025

It’s early days for the global dollar (USDG), a stablecoin that debuted in November, but a thousand firms could join the group that helps popularize the token in return for a share of the yield earned on reserve assets, according to crypto exchange Kraken, one of the founding partners.

USDG, whose other backers include trading platform Robinhood (HOOD), stablecoin issuer Paxos, crypto investor Galaxy Digital and crypto bank Anchorage Digital, recently welcomed 19 new joiners, many of them crypto native firms. Banks and large traditional finance firms are also lining up, Kraken’s consumer business lead Mark Greenberg said.

“There are 25-plus partners now, and I hope in another month, we’ll be announcing the next 25, and then the next 25. So from 25 to 50 to 1,000,” Greenberg said in an interview. “I’m very excited about some of the partners coming up in traditional finance and in crypto — big names on both sides. We’re talking to a lot of banks and I think a few will be coming online soon.”

The changing dollar stablecoin landscape has been dominated by two big players: Tether’s USDT, far and away the largest at a market cap of over $150 billion, and Circle’s USDC which commands a circulation of just over $60 billion. USDG has just $276 million, making it the 24th-largest stablecoin in a CoinGecko ranking.

Paxos, the New York-regulated stablecoin specialist underpinning USDG, originally offered a contender to USDC and USDT in the form of tie-up with exchange giant Binance, but the partnership was discontinued for regulatory reasons.

Greenberg pointed out USDG is a “true consortium,” and Paxos is a distribution partner, albeit with some particular administrative duties.

“We are building a decentralized community around the stablecoin, with yield that goes back to everybody,” Greenberg said. “Some of us are founding partners, and if we were a property company, Paxos would be the property management. They make sure that the licenses are in place and that the treasuries are handled properly and that the minting is done. But it’s on all of us to be equal partners in making the global dollar network a success.”

Driving the consortium’s growth is the offer of yield, which both incentivizes firms to join up, and also reimagines stablecoins as part of the wider financial system, Greenberg said. It’s also how USDG plans to challenge the dominance of Tether and Circle.

“I believe in decentralization over centralization. I believe in giving the value back to users, and USDG is doing that in a way that you can’t with Circle or Tether today,” said Greenberg. “Tether and Circle make a lot of money. In banking you give your deposits and they do things with it, but you get almost nothing back. But stablecoins shouldn’t be like that.”

Kraken moves a lot of money around the world and naturally the firm has been using USDG, eating its own dog food, in business innovation parlance.

“We use global dollars and the USDG all over the world,” Greenberg said. “You send a wire and it can take four or five days and get stuck in some random bank along the way. That’s already changing really fast. And you see players like Visa and MasterCard and others come to the table and stablecoins start to play that role in a much bigger way.”

Kraken’s clients are also taking advantage of earning up to 4.1% on U.S. dollars in every country in the world by putting their money in USDG, Greenberg added.

“If you’re in the U.S., maybe that’s not that exciting, because there are other ways to do that. But if you’re in Argentina, or if you’re in Canada, where there are no U.S. dollar accounts and earning 4.1% is unheard of, it’s a very cool opportunity to make that happen.”

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May 22, 2025 0 comments

GameFi Guides

A Crypto Bull Market Ahead? Bitwise CIO Says This Stablecoin Bill Changes Everything

by admin May 22, 2025

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

The United States Senate made a significant move toward regulating the crypto asset industry this week by advancing the GENIUS Act, a bill aimed at establishing a comprehensive framework for stablecoins.

The measure passed the cloture vote with bipartisan support, including a notable shift from 16 Democrats who had previously opposed it. Bitwise Chief Investment Officer Matt Hougan sees the development as potentially laying the groundwork for a prolonged digital asset bull market.

Stablecoins Take Center Stage in Regulatory Push

According to Hougan, the GENIUS Act marks one of the most impactful pieces of regulatory progress for crypto in US history, perhaps even more influential than the approval of spot Bitcoin ETFs earlier this year.

He explained in a note to clients that this legislation could normalize the use of blockchain-based financial tools beyond digital currencies, ultimately pushing institutional adoption. Hougan framed the bill’s advancement as a critical moment akin to “Wall Street and crypto getting married.”

The GENIUS Act outlines strict federal guidelines for stablecoin issuers. It mandates that stablecoins be backed one-to-one with US Treasuries or dollar equivalents, that issuers register with federal banking regulators, and that issuers apply anti-money laundering protocols.

The legislation also calls for regular audits to ensure compliance and transparency. Hougan highlighted the significance of these standards, noting that they could enable major financial institutions such as JPMorgan or Bank of America to confidently issue stablecoins.

Stablecoin market capitalization. | Source: Bitwise Asset Management

Currently, the stablecoin market is valued at more than $200 billion, despite existing without clear federal regulation. Hougan believes that a formal legal framework will allow the market to scale further, potentially reaching $2.5 trillion, by bringing in traditional financial institutions, retailers, and global commerce networks.

He envisions a future where stablecoin transactions are as common as credit card payments or peer-to-peer apps like Venmo, supported by incentives such as merchant discounts and faster settlement times.

Implications Beyond Stablecoins

While the bill directly addresses stablecoins, Hougan emphasized its broader implications for the crypto sector. By enabling dollar movement over blockchain networks, the bill opens the door for other asset classes, such as stocks, bonds, and real estate, to be tokenized and transferred in similar fashion.

This possibility, he said, is central to the long-term investment case for blockchain networks like Ethereum and Solana, as well as for decentralized finance platforms like Uniswap and Aave. Hougan likened the impact of the stablecoin legislation to that of the Bitcoin ETF approvals, which served to validate crypto as a legitimate investment vehicle.

In a similar fashion, he argues, the GENIUS Act will validate blockchain-based finance as a viable infrastructure for the broader financial system. If the bill is finalized and enacted in the coming months, it could be the catalyst for institutional adoption on an entirely new scale. Hougan wrote:

This is the fundamental thesis for investing in non-bitcoin crypto assets like Ethereum, Solana, and the like: that $100+ trillion of financial assets will eventually move over blockchains. Passage of this bill starts that ball rolling. I suspect the impact here will be similar to the impact of bitcoin ETFs.

The global digital currency market cap valuation. | Source: TradingView.com

Featured image created with DALL-E, Chart from TradingView

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May 22, 2025 0 comments

Crypto Trends

Guatemala’s largest bank adds stablecoin remittance tech in app

by admin May 21, 2025

In a regional first, SukuPay’s crypto-native payment infrastructure is now powering cross-border remittances inside Banco Industrial’s mobile app, Zigi — marking a significant shift in how Latin American banks adopt blockchain technology.

The integration allows Guatemalan users to receive U.S.-based transfers in under 20 seconds via their existing banking app, for a flat fee of $0.99, according to a note shared with crypto.news.

Users can initiate payments with a debit card, Apple Pay, or cash through retail partners like Walmart and CVS. The system works using just a phone number, eliminating the need for IBANs, crypto wallets, or conversions.

“This isn’t a feature — it’s a financial infrastructure upgrade,” said Yonathan Lapchik, CEO of SukuPay. “We’re powering real-world payments that actually work for real people — banked or unbanked.”

Inefficiencies addressed

Remittances are a vital lifeline for Latin America, with Guatemala alone receiving over $21 billion annually. Traditional systems are often costly and slow.

SukuPay addresses these inefficiencies by embedding stablecoin-based transfers directly into a regulated banking environment — invisible to the user, but transformative under the hood.

Banco Industrial chose to integrate SukuPay rather than build its own cross-border infrastructure.

“With SukuPay’s infrastructure embedded directly into Zigi, we’re not just improving remittances, we’re setting a new standard,” said Michel Caputi, Head of Strategic Alliances at Banco Industrial.

The partnership may serve as a model for banks across the region looking to modernize without building from scratch or forcing customers to engage directly with crypto technology.

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May 21, 2025 0 comments

NFT Gaming

Aave Surges as Stablecoin Bill Clears Key Hurdle in US Congress

by admin May 20, 2025

In brief

Aave’s token surged 20% as Congress advanced the GENIUS Act, a bill that could bring regulatory clarity to stablecoins.
The protocol, which supports lending and borrowing of major stablecoins, recently surpassed $25B in Total Value Locked.
AAVE is up over 90% in 30 days, outperforming major altcoins and the broader crypto market.

The native token of DeFi lending protocol Aave has surged by double-digit gains on the day, rallying alongside a key procedural vote in Congress on the long-anticipated GENIUS Act.

If enacted, the bill would provide long-awaited regulatory clarity for stablecoins—a sector in which Aave is deeply embedded.

Specifically, the act would allow banks and other companies to issue their own stablecoins provided they meet certain requirements, adding to further speculation it could bring about wider institutional adoption.

The bill now needs only one more vote to pass.

Aave plays a significant role in the stablecoin economy by allowing users to lend, borrow, and earn yield on stablecoins like USDC, USDT, DAI, among others.

The protocol also introduced its own overcollateralised stablecoin, GHO, in 2023, designed to keep value capture within the Aave ecosystem.

Its namesake token has increased by 20% to $262 over the past 24 hours, and more than 90% over 30 days, CoinGecko data shows.

Not only has the altcoin outperformed the overall crypto market—up just 0.2% in the past 24 hours—it’s also surpassed the other best-performing altcoins.

Though it’s still some way off its recent peak of $383.49 from December 28, 2024.

Still, the protocol’s Total Value Locked reached an all-time high of over $25 billion this month, surpassing market leaders like Lido (LDO) and EigenLayer (EIGEN), indicating growing interest in the token’s ecosystem, per DeFi Llama data.

The renewed interest in Aave also follows strategic moves by World Liberty Financial, the Donald Trump-backed crypto venture, which in December acquired more than 3,300 AAVE tokens as part of a $5 million bet on DeFi assets.

The project’s community later approved launching Aave v3, offering borrowing and lending services using ETH, WBTC, USDC, and USDT.

Under the arrangement, AaveDAO receives 7% of WLFI’s circulating token supply and a 20% share of protocol fees—an uncommon revenue-sharing deal that further integrates the protocol into one of the most high-profile U.S. political crypto initiatives.

That tie-in, paired with growing institutional attention around the GENIUS Act, appears to be fueling investor conviction in Aave’s longer-term regulatory and adoption outlook.

Elsewhere in the market, Ethereum (ETH) rose 4% on the day, Chainlink (LINK) gained 3.2%, and Solana (SOL) added 2.6% to trade at $166, CoinGecko data shows.

Edited by Sebastian Sinclair

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May 20, 2025 0 comments

GameFi Guides

Usual’s stablecoin USD0 goes live on Fluid, unlocking dual yields for LPs

by admin May 20, 2025

Usual stablecoin issuer just launched its USD0/USDC liquidity pool on Fluid DeFi protocol, allowing liquidity providers to earn dual yields from both lending and trading APRs.

On May 19, an RWA-backed stablecoin protocol Usual announced the launch of its USD0/USDC liquidity pool on the DeFi protocol Fluid. The integration allows liquidity providers to earn lending APR, trading APR, and USUAL rewards on top.

The launch is powered by Fluid’s advanced architecture, which optimizes liquidity ranges and enables deeper, more efficient markets for stablecoin trading. This results in tighter spreads and better execution for users interacting with the USD0/USDC pair.

However, the real edge of USD0 being on Fluid is its relending mechanism, which allows deposited liquidity to simultaneously earn returns from both trading activity and lending protocols — enabling LPs to enjoy dual yield from a single position.

USD0 is a permissionless stablecoin backed by real-world assets — primarily ultra-short maturity U.S. Treasury Bills. It was launched by Usual Protocol to offer greater safety than USD Coin (USDC) and Tether (USDT) by avoiding reliance on traditional banks and their fractional reserve practices. It provides full transparency of its collateral, enabling anyone to verify its backing in real time.

Usual Protocol is headed by CEO Pierre Person, a former French politician and National Assembly member who played a key role in shaping the country’s crypto asset legislation.

“Existing stablecoin models lack transparency and equitable value distribution, privatizing their gains and socializing their losses, and going against the ethos that web3 was built on,” explained Person. “Usual is proud to be addressing this void by providing a permissionless, real-asset backed stablecoin that shares our profits directly with the community, and empowers our token holders to guide us to the future that they see fit.”

Usual launched USD0 stablecoin alongside its liquid bond product USD0++ in July last year. USD0++ is a liquid staking token that allows users to lock USD0 for up to four years, earning rewards in USUAL tokens. This token is tradable in secondary markets, offering liquidity alongside staking benefits.

In December 2024, Usual’s TVL surpassed $1.4 billion, ranking it among the top five stablecoins. Currently, USD0’s TVL stands as $646 million and it ranks as the 10th top stablecoin by marketcap on CoinMarketCap.

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May 20, 2025 0 comments