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Trump Declared 47th US President, JPMorgan CEO Claims World War III Has Begun, and More — Week in Review
[Nov 10, 2024 2:34 PM] Trump declared 47th US president, JPMorgan CEO claims World War III has begun, Global Dollar Network launches, and more in this Week in Review. Week in Review Donald Trump has been declared the 47th U.S. president. JPMorgan CEO Jamie Dimon warns…
Tether expands into oil trading with $45M transaction
[Nov 8, 2024 5:15 PM] Completed in October 2024, the deal facilitated the transport of 670,000 barrels of crude oil and marked Tether’s entry into the commodity trading market.
Chinese Nationals Gain Access to Stablecoins in Hong Kong Via New Trial
[Nov 8, 2024 1:30 PM] The trials will allow for anonymous registration on a regulated stablecoin app and the purchase of tokenized financial products for mainland Chinese in Hong Kong.
Tether to Perform $2 Billion USDT Chain Swap to Ethereum
[Nov 7, 2024 4:10 PM] Tether will transfer a portion of its USDT cold wallets from other blockchains to USDT on Ethereum via a chain swap. The overall supply of USDT will remain unchanged. Tether to Allow Traders to Utilize USDT Across Blockchains A chain swap is a…
Six Months, $1 Billion: TON Network’s Explosive USDT Adoption Milestone
[Nov 5, 2024 10:00 AM] The partnership between The Open Network (TON) and Tether has reached new heights as the USDT stablecoin experienced a massive surge in just a few months since the start of their collaboration. A remarkable feat that saw a massive increase in the…
New Global Dollar Stablecoin Backed by Robinhood, Kraken, Paxos and Other Crypto Heavies
[Nov 4, 2024 10:00 PM] The Global Dollar Network, whose participants will earn yield for helping foster adoption of USDG, also includes Anchorage Digital, Bullish, Galaxy Digital and Nuvei.
Thailand Arrests Police Officers Accused of Staging Fake Interrogation to Extort 165,000 USDT
[Nov 2, 2024 6:30 AM] Thai police arrested seven individuals, including six officers, for allegedly staging a fake arrest and extorting 165,000 USDT from a Chinese-Vanuatu citizen. Fraudulent Legal Threats Thai police recently arrested six police officers and one…
Paxos launches USD-backed USDG stablecoin with DBS Bank
[Nov 1, 2024 8:12 AM] Paxos launches USDG, a Singapore-compliant stablecoin, partnering with DBS Bank for US dollar reserves in line with Singapore’s MAS framework.
Tether’s $1 Billion USDT Mint On Tron: What’s Fueling The Demand Surge?
[Oct 31, 2024 9:00 AM] It’s been a busy week for Tether, as the company announced that it had authorized the minting of another 1 billion USDT tokens, pushing the total number of minted tokens to $33 billion in the last year. According to blockchain data, the additional…
Bitcoin Makes ATH Against Euro Due To Change In Dollar Strength, Details Inside
[Oct 31, 2024 3:00 AM] Although Bitcoin (BTC) is yet to breach its USD all-time high (ATH) value, the flagship cryptocurrency has made a new ATH against the euro (EUR) and some other fiat currencies. Bitcoin Makes Fresh ATH Against Euro Bitcoin surpassed €68,000…
Solayer, OpenEden launch Treasury-backed stablecoin on Solana
[Oct 29, 2024 7:07 PM] Solayer says anyone can mint the yield-bearing sUSD token with at little as $5 in USDC.
Solana-Based RWA Platform AgriDex Taps Stripe's Bridge to Lower Cost for Agricultural Trade Settlements
[Oct 29, 2024 3:02 PM] AgriDex is an example of how stablecoins are being increasingly used as a payment vehicle in emerging regions as a cheaper alternative for traditional banking rails.
Sequoia to make $100M windfall from Stripe’s Bridge acquisition: Report
[Oct 29, 2024 1:04 AM] Sequoia Capital owns 16% of Bridge, which is set to be acquired by payments platform Stripe for $1.1 billion.
Tether's Paolo Ardoino: 'If the U.S. Government Wanted to Kill Us, They Can Press a Button'
[Oct 28, 2024 5:27 PM] The leading stablecoin issuer is comfortable holding its T-bills at a U.S. institution because it respects international sanctions, CEO Ardoino said in an interview.
Shift4 leverages The Giving Block for global payment service rollout
[Oct 28, 2024 4:55 PM] Payment processor Shift4 bought the crypto service for philanthropies in 2022 and applied its knowledge to other sectors.
EU MiCA rules pose ‘systemic’ banking risks for stablecoins — Tether CEO
[Oct 28, 2024 9:52 AM] Europe’s MiCA framework will enforce new bank reserve requirements for stablecoin issuers, raising concerns about systemic risks and stability.
Stablecoin Plunges 98% in 24 Hours, Sparks Rug Pull Allegations
[Oct 26, 2024 2:26 PM] Early on Oct. 26, the U.S. dollar value of Essence Finance’s decentralized stablecoin, CHI, plunged by more than 90% after rumors emerged that more than $20 million of collateral had been removed. According to Geckoterminal data, the value of…
Unsubstantiated Tether investigation report shakes crypto market
[Oct 25, 2024 8:27 PM] “Old noise” may be a new name for FUD, as Tether defends itself from a report in The Wall Street Journal about US government investigations.
Stablecoins and the dollar: Allies or adversaries in the new financial era?
[Oct 25, 2024 6:15 PM] As Americans gear up for the elections, the digital dollar comes back into focus. What roles will a CBDC and stablecoins play in shaping the future of the US economy?
Tokenized Treasuries Like Blackrock's BUIDL Will Challenge Stablecoins But Won't Fully Replace Them: JPMorgan
[Oct 25, 2024 3:03 PM] These tokens are at a regulatory disadvantage to stablecoins due to their classification as securities, the report said.
Indo-Pacific Nations Outpacing the US in Crypto Regulation, SEC Commissioner Says
[Oct 25, 2024 4:30 AM] A U.S. Securities and Exchange Commission (SEC) commissioner has urged the U.S. to adopt a more proactive approach to crypto regulation, pointing to the leadership of Indo-Pacific nations like Japan, Singapore, and Hong Kong. He emphasized that…
Circle's Allaire: Stablecoins Could Expand by Trillions in 10 Years, Will Be Integral Part of Global Financial System
[Oct 24, 2024 6:49 PM] While USDC has been popular in developed markets, it has seen significant growth in emerging regions among fintechs and brokers servicing businesses and households, Jeremy Allaire told CoinDesk in an interview.
Tether proposes boron-backed tokens to Turkey’s government
[Oct 24, 2024 1:31 PM] Turkey’s state-owned boron miner estimates the country has more than 70% of global reserves of borate minerals.
Senator Claims BRICS Push to Ditch US Dollar Could Boost USD Global Dominance
[Oct 24, 2024 2:30 AM] U.S. Senator Bill Hagerty has warned of growing efforts by BRICS nations to bypass the U.S. dollar’s dominance but argued this could ultimately strengthen the status of the dollar as the world’s reserve currency. He emphasized the need for a…
Crypto bills may move forward in ‘lame duck’ Congress, says Rep. Hill
[Oct 23, 2024 5:47 AM] Representative French Hill says two US crypto-regulating bills might make some progress on Capitol Hill before the current Congress disbands.
US ‘dropping the ball’ on crypto, but that should change soon: Tether CEO
[Oct 23, 2024 2:51 AM] Tether CEO Paolo Ardoino says the US has been lagging on crypto laws but thinks that could soon change after the November elections.
Millions Already Hold This Latam-Based Dollar Pegged Stablecoin
[Oct 21, 2024 10:30 AM] Mercado Libre, the Latin American e-commerce and financial services giant, has reached a milestone with meli dolar, an in-house distributed dollar-pegged stablecoin. The token, launched in August, is now in millions of wallets, according to Ignacio…
Tether’s USDT hits record $120B market cap, flashing ‘Uptober’ signal
[Oct 20, 2024 12:46 PM] The $120 billion USDT market cap could spill into Bitcoin and Ether, ending their seven-month downtrend and saving the “Uptober” narrative.
Yellow Card Raises $33M to Expand Stablecoin Presence in Africa
[Oct 20, 2024 9:30 AM] Yellow Card, a leading African stablecoin platform, closed a $33 million Series C funding round led by Blockchain Capital. The funding signifies a milestone for Yellow Card and the African fintech industry, highlighting the potential of stablecoins…