By Emir Abyazov Abu Dhabi’s biggest financial players are teaming up to launch a new dirham-backed stablecoin. Sovereign fund ADQ, the UAE’s largest bank, First Abu Dhabi Bank (FAB), and international conglomerate International Holding Company announced their plans on April 28, pending regulatory approval. According to a statement from the companies, the stablecoin will be regulated by […]
Tag: USDT
By ItalianCannon Ripple’s $5 billion bid to acquire Circle, a major stablecoin issuer, was reportedly turned down for being too low. Circle’s valuation is estimated between $4 billion and $6 billion, and the company is focused on its upcoming IPO. USDC, Circle’s stablecoin, has seen rapid growth in 2025, outpacing Tether’s USDT in percentage terms. […]
By coinspy Bitcoin’s market dominance surged in early 2025, overshadowing altcoins and stalling their anticipated rally. The altcoin market shrank by $300 billion, dropping from $1.13 trillion to $817 billion between January and April. Bitcoin dominance (BTC.D) rose by 13%, signaling a shift of capital from altcoins to Bitcoin. Despite this, signs of stabilization and […]