Stablecoin issuer Paxos has received approval from the New York financial regulatory agency to expand its stablecoin to the Solana blockchain and plans to launch on January 17, 2024. This is the first time the regulatory agency has allowed Paxos to issue stablecoins outside of Ethereum.

According to Coingecko data, the total market value of stablecoins has reached $131,341,924,612, with USDT accounting for 71.66% of the total market value of stablecoins. USDT currently ranks first with a market value of $91,062,275,440, with a 30-day increase of 3.7%; USDC ranks second with a market value of $24,781,831,406, with a 30-day increase of 1.5%; and DAI ranks third with a market value of $5,289,958,455, with a 30-day decrease of 0.2%.

Data from the US Senate Public Records Office shows that lobbying activities for stablecoins have surged in the first three quarters of 2023, including lobbying funds from the largest stablecoin issuer Tether. There have been 161 lobbying disclosure reports mentioning stablecoin legislation or regulation, a 79% increase from the 90 reports in the first three quarters of 2022.

Tether has officially announced that its Euro stablecoin, Euro Tether (EUR₮), will be listed on the cryptocurrency options and perpetual trading platform BIT Crypto Exchange.

Since the start of December, Solana’s daily stablecoin transfer volume has grown 600% to $16.6 billion and now outpaces major blockchain networks, according to Artemis, an institutional crypto data platform.

The LSD stablecoin protocol, Prisma Finance, announced the launch of the liquidity reward token "smkUSD" for mkUSD on Twitter. Prisma Finance stated that the stable pool is an important part of the Prisma system, which can achieve efficient settlement and help maintain the system's solvency. It is reported that more than two-thirds of the mkUSD supply is stored in the stable pool, providing stability for the Prisma protocol. SmkUSD will represent the mkUSD deposited in the stable pool and can be used for re-collateralization and rebalancing.

According to an official announcement on December 18th, stablecoin issuer Circle announced that its Euro stablecoin EURC has been launched on the Solana network, making Solana the fourth blockchain where EURC can be natively used, along with Avalanche, Ethereum, and Stellar. Developers and users can now build and trade both EURC and USDC on Solana, sending, spending, and storing funds globally in a faster and more cost-effective way.

The issuer of the US dollar stablecoin USDC, Circle, has announced the signing of a memorandum of understanding with digital asset infrastructure provider Fuze, aimed at expanding the adoption of USDC stablecoins in the Middle East and North Africa region. The goal is to extend USDC to institutions such as banks, fintech companies, traditional enterprises, and Web3 companies in the relevant regions.

Aave community proposal suggests increasing the stablecoin interest rate parameters in all Aave deployments, proposing to increase the Slope1 of stablecoins to 6%. After this increase, usage and balance rates will continue to be monitored, and additional suggestions will be made as needed. The next step will be to submit an ARFC snapshot vote for final approval based on community feedback.

Since self-custody gold vault provider Casa announced the launch of stablecoin gold vault, Casa members can now hold Tether (USDT) and USD Coin (USDC) as well as Bitcoin and Ethereum in their sovereign multi-key vaults. Casa members can create their own sovereign multi-key insurance vaults for BTC, ETH, and stablecoins for the first time, and manage them within the Casa application.