Crypto News

What is a Stablecoin? A stablecoin is a type of cryptocurrency that is designed to maintain a stable value, usually through pegging its value to a fiat currency or a basket of assets. This stability makes it an attractive option for investors and traders who are looking for a less volatile alternative to traditional cryptocurrencies. The Approval of Figure Markets' Interest-Bearing Stablecoin Figure Markets, a financial services company focused on blockchain technology, has recently made headlines by becoming the first company to receive approval for an interest-bearing stablecoin in the United States. The stablecoin, called "Figure USD," is backed by the US dollar and will offer an annual percentage yield (APY) of 8.5%. This makes Figure USD an attractive option for investors looking to earn interest on their stablecoin holdings. The Potential Impact on the Crypto Market The approval of Figure USD has sparked excitement an...