usd'

ChainCatcher news, Perena officially launches the new US dollar stablecoin USD', 100% regulated by the United States, issued by Brale, now live on the Solana mainnet. USD' is fully compliant with the GENIUS Act, redeemable 1:1 for US dollars, with assets backed by Franklin Templeton's BENJI and Superstate's USTB, and can be directly exchanged for USDC and various mainstream stablecoins. USD' supports Solana's confidential transfer feature, balancing privacy and compliance.Perena stated that USD' will become the foundational asset of its Stablebank Network, facilitating on-chain and off-chain capital flows, and promoting the compliant and innovative development of crypto finance.

ChainCatcher news, according to a post by Bing Ventures, CoinMarketCap data shows that the total market capitalization of PayPal's stablecoin PayPal USD, which is pegged to the US dollar, has exceeded 1 billion USD.Since the beginning of the third quarter, the monthly supply of PayPal USD has been growing rapidly. Its market capitalization has more than doubled from about 423 million USD at the end of June. This growth is partly attributed to its expansion to the Solana network in May. Since then, its issuance on Solana has quickly surpassed that on Ethereum.

ChainCatcher news, according to CryptoSlate, based on data from DefiLlama, since expanding to Solana on May 29, the market capitalization of PayPal USD (PYUSD) has grown by 150%, and the total market capitalization of this stablecoin is currently approximately $684 million.It is worth noting that the usage of PYUSD is almost evenly distributed between Solana and Ethereum, with market shares of 48.32% and 51.68% respectively, showing a small gap.However, despite the growth, PYUSD still lags far behind its more established counterparts, such as USDT and USDC. USDC accounts for 70.5% of the total market capitalization of stablecoins on the Solana chain, while USDT accounts for 20%; PYUSD ranks third, with a share of nearly 9%.

ChainCatcher news, CoinGecko data shows that the total market capitalization of BUSD has fallen below the $4 billion mark, currently at $3,994,705,303 as of the time of publication.Historical data indicates that BUSD's market capitalization has shrunk by over 60% in about four months: BUSD's market cap fell below $10 billion on March 3, 2023, below $9 billion on March 5, below $8 billion on March 27, below $7 billion on April 11, below $6 billion on May 10, and below $5 billion on June 7. (source link)

ChainCatcher news, the reserve proof of the dollar stablecoin TrueUSD was audited by The Network Firm, which was previously named Armanino and had collaborated with SBF to audit FTX.US. Armanino's digital asset team rebranded as The Network Firm to continue auditing and certification after the FTX bankruptcy.Previously, Armanino's 2021 audit did not provide opinions on the internal controls over financial reporting for FTX.US or FTX Trading. (CoinDesk)

ChainCatcher news, blockchain data from the encryption intelligence company Nansen shows that Binance minted approximately $130 million worth of TUSD in the past 7 days. According to data from CoinGecko, the circulating supply of the TrueUSD stablecoin has exceeded $1.1 billion with the recent increase, marking the highest level since last August. TUSD's market capitalization grew by 15% last week, surpassing the decentralized finance protocol Frax Finance, ranking fifth. (CoinDesk)