Altcoin News

Hedera Launches Stablecoin Issuance And Management Solution, HBAR Price Jumps

HBAR price jumps after Hedera announced the launch of Stablecoin Studio open-sourced solution for Web3, institutions, and stablecoin issuers.
Published by
Hedera Launches Stablecoin Issuance And Management Solution, HBAR Price Jumps

Hedera, a decentralized, open-source, proof-of-stake public ledger, on Wednesday announced the launch of open-source stablecoin issuance and management toolkit “Stablecoin Studio.” It will provide an all-in-one stablecoin tool for Web3 platforms, institutional issuers, enterprises, and payment providers to utilize Hedera Network services to quickly configure, issue, and manage exclusive stablecoins on the Hedera network.

Advertisement

Hedera Launches Stablecoin Studio

Hedera during the Token 2049 event in Singapore on September 13 announced Stablecoin Studio, an open-sourced software development kit (SDK). It allows Web3 stablecoin platforms, institutional issuers, enterprises, and payment providers to build stablecoin applications using Hedera network services without technical expertise in blockchain technology.

Shayne Higdon, Co-Founder and CEO of the HBAR Foundation, said:

“For stablecoins to be widely adopted into mainstream payments and usage, stablecoin issuance and management needs to be customizable for any and all use cases. Stablecoin Studio provides that programmability, accelerating the era of modular and interoperable stablecoins for corporations, financial institutions, and retail.”

PayPal, JPMorgan, Shinhan Bank, SCB TechX, and others can leverage the Stablecoin Studio to build and manage applications. Also, Hedera-native KYC/AML account flags and configurations ensure regulatory compliance and security.

In addition, Hedera’s predictable fees, high programmability, and robust network of ecosystem partners make stable coin issuance and management simpler.

Also Read: Ripple President Makes Big Statement On Ripple Vs US SEC Lawsuit

Advertisement

HBAR Rises After the Announcement

HBAR price jumped 3% after the announcement, with the price currently trading at $0.048. The 24-hour low and high are $0.0466 and $0.0483, respectively. However, trading volume decreased 25% in the last 24 hours, indicating that whales or traders are taking the opportunity.

Hedera (HBAR) price skyrocketed by 15% after the announcement of FedNow supporting the Hedera-powered Dropp micropayments platform. Hedera price soared nearly 25% in a month amid new partnerships.

Also Read: Wall Street Estimates On US CPI Inflation; Bitcoin, Ethereum, XRP To Rebound?

Advertisement

Share
Varinder Singh

Varinder has over 10 years of experience and is known as a seasoned leader for his involvement in the fintech sector. With over 5 years dedicated to blockchain, crypto, and Web3 developments, he has experienced two Bitcoin halving events making him key opinion leader in the space. At CoinGape Media, Varinder leads the editorial decisions, spearheading the news team to cover latest updates, markets trends and developments within the crypto industry. The company was recognized as Best Crypto Media Company 2024 for high impact and quality reporting. Being a Master of Technology degree holder, analytics thinker, technology enthusiast, Varinder has shared his knowledge of disruptive technologies in over 5000+ news, articles, and papers.

Published by
Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Recent Posts

  • News

Rising Demand for Verifiable Crypto Ownership Drives Launch of Trezor Safe 7

Crypto ownership is a topic that has been discussed across major forums globally in the…

October 22, 2025
  • News

Robinhood Lists Binance Coin as BNB Outperforms BTC, ETH, SOL YTD By Over 30%

Crypto exchange Robinhood has listed the Binance coin for spot trading for its U.S. customers.…

October 22, 2025
  • News

Bitget Partners With Google Developer Group On Hackathon To Support AI Innovation

Bitget, a leading crypto exchange in the world, has joined forces with Google Developer Group…

October 22, 2025
  • News

Can Cardano Save Kadena? Hoskinson Reaches Out After KDA Token Plunges 60% Amid Shutdown

Kadena has announced it was shutting down operations, sending its KDA price into a freefall.…

October 22, 2025
  • News

Analyst Turn Bullish with $400 SOL Target as Hong Kong Approves First-Ever Solana ETF in Asia

Hong Kong has officially approved the region’s first-ever Solana ETF in Asia. This comes as…

October 22, 2025
  • News

Veteran Trader Peter Brandt Says “MSTR Could Go Underwater” If Bitcoin Repeats 1977 Soybean Crash

Peter Brandt has drawn a comparison between Bitcoin’s current price pattern and the 1977 soybean…

October 22, 2025