PayPal expands PYUSD to Solana, targets payment use cases
[May 29, 2024 7:00 AM] PayPal’s PYUSD stablecoin is now available on Solana and Ethereum, offering a chain-agnostic experience for its users.
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Blockchain dev Sphere introduces bank-to-wallet Telegram extension
[May 27, 2024 3:10 PM] Sphere Labs, a blockchain developer focused on bringing stablecoins as a service to businesses, has announced a new bank-to-wallet Telegram extension.
Bitcoin Breaks $70K Barrier, Leading to $27.75M in Liquidations
[May 27, 2024 12:25 PM] The price of bitcoin has exceeded $70,000, increasing by 2.1% during today’s trading sessions. This latest rise led to the liquidation of $27.75 million in bitcoin short positions. Bitcoin Trades Above $70K, Leading to Multi-Million Dollar…
Nomura Holdings, GMO Group form stablecoin research partnership in Japan
[May 27, 2024 10:04 AM] Nomura Holdings and the GMO Internet Group are exploring ways to bring new stablecoin offerings to the Japanese market.
Nomura and GMO Collaborate on Japanese Stablecoin Issuance
[May 27, 2024 6:35 AM] Nomura Holdings, a leading global financial services group, has partnered with Laser Digital, its subsidiary focused on digital asset solutions, and GMO Internet Group, a prominent Japanese technology company renowned for its internet…
Ripple taking ‘cheap shots’ at Tether, says Samson Mow
[May 24, 2024 8:11 AM] Ripple CEO Brad Garlinghouse stands accused of spreading fear, uncertainty and doubt about Tether.
Proof-of-restaking and extended consensus — Interview with Units Network
[May 23, 2024 11:00 AM] Emerging from past challenges, this initiative emphasizes decentralized governance and advanced consensus mechanisms to foster innovation.
Non-Empty USDC And USDT Wallets See 13.9% And 15.7% Spike, Why This Is Good For Crypto
[May 23, 2024 6:00 AM] Non-empty wallets for stablecoins such as Circle’s USDC and Tether’s USDT have been on the rise for a while now as crypto prices have recovered since the start of the year. This has come to a head as the non-empty wallets have grown double-digits…
Hex Trust to Launch USDX Stablecoin on Flare, Offering Real-World Yield
[May 21, 2024 10:50 AM] On May 21, 2024, Hex Trust Group announced the introduction of a native stablecoin, USDX, for the Flare network. Hex Trust also revealed that a Clearpool vault, enabling holders to earn a real-world yield, will debut alongside USDX. Hex…
Real-word asset tokens can stabilize DeFi — Market observers
[May 20, 2024 7:09 AM] RWA tokenization has become the latest trend in crypto, and early use cases indicate that DeFi protocols are using it for stable collaterals, yield products and more.
Tether mints another $1B mint — Last time it helped Bitcoin climb to $73K
[May 17, 2024 11:21 AM] Bitcoin flipped its old resistance into support as Tether’s market cap continues to grow rapidly in 2024.
USDC Stablecoin Issuer Considers Moving Legal Home From Ireland to US
[May 16, 2024 6:22 AM] Circle, a stablecoin issuer based in the Republic of Ireland, has reportedly announced plans to relocate its legal domicile to the United States. The decision is believed to be a response to the Organization for Economic Cooperation and…
Chinese police bust $1.9B USDT underground banking racket
[May 16, 2024 2:00 AM] The authorities destroyed two underground operations in Fujian and Hunan, and the police also froze 149 million yuan worth $20 million linked to the USDT banking operations.
Tether freezes $5.2M in USDT linked to phishing scams
[May 14, 2024 2:48 AM] Since it launched, Tether has frozen over $1 billion worth of assets linked to illicit activities after requests from law enforcement agencies.
Philippines' Central Bank Gives Approval to Coins.ph to Pilot Stablecoin in Key Remittance Market
[May 14, 2024 12:29 AM] Philippines' central bank has given its approval to digital currency exchange Coins.ph to pilot a Philippine Peso backed stablecoin called PHPC, the company said last week.
Tether CEO and Ripple CEO Clash Over USDT — Brad Garlinghouse Says ‘I Wasn’t Attacking Tether’
Philippines begins Peso-backed stablecoin sandbox testing
[May 13, 2024 2:36 AM] The test aims to evaluate the PHPC stablecoin’s real-world performance, its impact on the local fiat ecosystem, and its potential uses, including payments, trading and DeFi applications.
It’s ‘clear’ the US government is going after Tether: Ripple CEO
[May 12, 2024 11:03 PM] Brad Garlinghouse said he views Tether as an important part of the ecosystem and that its fate will be an "interesting one to watch."
Philippine Central Bank Approves Peso-Pegged Stablecoin for Faster Remittances
[May 12, 2024 7:20 PM] The Bangko Sentral ng Pilipinas, the central bank of the Philippines, has approved PHPC, a stablecoin pegged to the Philippine peso, aimed at facilitating cost-effective remittances. Crypto exchange Coins.ph, the stablecoin issuer, plans to attract…
US Scrutiny of Tether Could Disrupt Crypto Ecosystem, Ripple CEO Warns
Solana’s Defi Landscape to Shift With Marginfi’s Introduction of YBX Stablecoin
[May 11, 2024 10:33 AM] The decentralized lending protocol built on the Solana blockchain, Marginfi, announced the upcoming launch of YBX, which is expected to be the first notable decentralized stablecoin on Solana, aiming to provide an alternative to the network’s…
Stablecoin Surge: Tether's Headroom for Growth
[May 8, 2024 10:00 AM] The stablecoin already enjoys a dominant position in stablecoins and its integration with the TON (Telegram) network could boost it further, says Sylvia To, head of partnerships and token research at Bullish.
Tether scales crypto payments in Eastern Europe with new investment
[May 8, 2024 8:09 AM] The new investment aims to strengthen CityPay.io’s expansion into Eastern Europe, specifically into Georgia, Armenia, Azerbaijan, Kazakhstan and Uzbekistan.
What Visa’s ‘Organic’ Stablecoin Report Misses
[May 7, 2024 11:14 AM]
EU crypto regulations undermined by lack of enforcement, say observers
[May 7, 2024 9:44 AM] The European Union’s Markets in Crypto-Assets Regulation is being phased in, but regulators have reportedly been inconsistent in enforcing existing laws.
Study Uncovers Surprising Data: 90% Of Stablecoin Transactions Not Driven By Human Users
[May 6, 2024 8:00 AM] In a recent report by Bloomberg, it has been revealed that more than 90% of stablecoin transaction volumes do not originate from genuine users, according to a new metric co-developed by Visa. Stablecoin Market Faces Data Reality Visa and Allium…
Less Than 10% of Stablecoin Transaction Volume Coming from Real Users: Report
[May 6, 2024 12:48 AM] Less than 10% of stablecoin transaction volumes are organic or come from real people, according to new findings by Visa and data platform Allium Labs, Bloomberg reported.
USDC overtakes USDT: Compliance is key to stablecoin dominance
[May 3, 2024 7:01 AM] Tether’s USDT hegemony in the stablecoin market may shift as institutional investors chip into the crypto market.
Tether Q1 2024 Attestation Reveals Record $4.52 Billion Profits
[May 2, 2024 8:18 PM] Tether, one of the largest cryptocurrency companies, has recently released an attestation of its financial activity corresponding to Q1 2024. Tether registered a record-breaking $4.52 billion in profits, and disclosed its net equity levels…
Tether Enters Transaction Surveillance Partnership with Chainalysis as Regulatory Pressure Mounts
[May 2, 2024 12:51 PM] The monitoring system would help Tether identify risky crypto addresses that could be used for bypassing sanctions or illicit activities like terrorist financing, the company said.