Tether Nets $5B Profits This Year, Says Its US Debt Holdings Surpassed Germany's
[Jul 31, 2024 6:26 PM] The company said its $97 billion exposure to U.S. Treasuries would put it 18th in the ranking among countries.
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Tether Posts $5.2 Billion Profit in First Half of 2024
[Jul 31, 2024 5:30 PM] Tether Holdings Limited reported a record-breaking net profit of $5.2 billion for the first half of 2024, according to its latest assurance opinion for the second quarter. The report, conducted by BDO, highlighted Tether’s increased exposure…
Tether reports record-breaking $5.2B profit in first half of 2024
[Jul 31, 2024 4:47 PM] Tether said its US Treasury reserve surpasses the size of all but 17 of the world’s governments.
FINMA Warns Stablecoins Threaten Swiss Financial Reputation
[Jul 27, 2024 8:40 PM] The Swiss regulator, the Financial Market Supervisory Authority (FINMA), recently published guidance on the issuance of stablecoins. The regulator says stablecoins are not only associated with money laundering risks but pose reputational risks for…
Exclusive: Franklin Templeton mulls bringing RWAs to Ethereum, user-managed wallets
[Jul 26, 2024 10:39 AM] The asset manager is considering expanding tokenized securities to the Ethereum mainnet and other EVMs, its digital assets head told Cointelegraph.
Stablecoins Signal Crypto Ecosystem Buoyancy as Market Cap Jumps to $164B
[Jul 25, 2024 2:31 AM] Renewed expansion in stablecoins is bullish for the broader crypto market.
South African Startup Neonomad to Launch Rand-Backed Stablecoin
[Jul 24, 2024 5:20 AM] Neonomad, the South African hybrid exchange platform, is set to launch Zarcoin, a stablecoin tied to the South African Rand. This innovative stablecoin epitomizes the seamless integration of regulatory safety with decentralized efficiency…
Stalled USDT Liquidity Threatens Bitcoin Price Further Growth – Here’s Why
[Jul 20, 2024 6:00 AM] The price of Bitcoin has maintained a recovery trajectory over the last week, gaining by a significant 16.25% to move briefly above the $67,000 price mark. Bitcoin investors are likely hopeful the asset will record more price gains and finally…
Binance gets greenlight to invest customer assets in US Treasury Bills
[Jul 19, 2024 1:06 PM] The court stipulated that Binance could invest customer funds custodied at BitGo in Treasury Bills maturing along a four-week basis.
Hong Kong Regulators Say Proposed Stablecoin Regulation Has Received Positive Stakeholder Feedback
[Jul 18, 2024 9:30 PM] Hong Kong regulators announced the conclusion of a stablecoin regulation consultation phase that saw stakeholders provide 108 submissions. The regulators claimed that the proposed regulatory requirements received positive feedback from…
Standard Chartered, Animoca Brands, and HKT Join Forces on Hong Kong’s Stablecoin Sandbox
[Jul 18, 2024 6:30 PM] Standard Chartered Bank (Hong Kong) Ltd. (SCBHK), Animoca Brands, and Hong Kong Telecom (HKT) have united to participate in the Hong Kong Monetary Authority’s (HKMA) stablecoin issuer sandbox, announced in March. Leveraging Zodia Custody’s…
Visa's Data Partner Allium Labs Raises $16.5M as Their New Findings Show Stablecoin Activity is Back Up
[Jul 18, 2024 6:00 AM] Payment giant Visa's blockchain data partner AlliumLabs has raised $16.5 million in a Series A funding round led by venture capital firm Theory Ventures. Visa and Allium Labs also released their latest findings on stablecoin activity which showed…
State Street eyes blockchain leap with stablecoin, deposit token: Report
[Jul 17, 2024 2:41 PM] The global asset manager may be on its way to the forefront of settlement technology.
TradFi Giant State Street Mulls Creating Stablecoin, Tokenized Deposits: Bloomberg
[Jul 17, 2024 12:57 PM] Traditional financial heavyweights are getting increasingly involved in tokenization efforts, putting financial assets on blockchain rails for operational benefits.
Hong Kong to Prepare Stablecoin Legislation as Public Consultation Ends
[Jul 17, 2024 6:25 AM] Hong Kong's financial regulators published the conclusions of consultation on fiat-referenced stablecoin regulation and said they are preparing a bill to introduce into the Legislative Council later this year.
Nigeria Police Arrest Self-Proclaimed Crypto Billionaire on Charges of Cryptocurrency Fraud and Terrorism Funding
[Jul 16, 2024 10:20 PM] On July 16, the Nigeria Police Force confirmed the arrest of Linus Williams, a self-proclaimed crypto billionaire also known as Blord. Williams faces charges related to internet fraud, terrorism funding, and violations of the Central Bank of…
Hermetica Introduces Bitcoin-Backed Synthetic Dollar on Bitcoin L1
[Jul 16, 2024 1:10 PM] Bitcoin-based decentralized finance (defi) protocol Hermetica has launched its BTC-backed synthetic dollar, USDH, on Bitcoin’s layer one (L1) through the Runes protocol. The company also announced plans to scale its Bitcoin-native defi…
Tether hires Chainalysis’ chief economist for USDT usage reports
[Jul 15, 2024 10:25 AM] Tether has appointed Philip Gradwell as head of economics to improve transparency on USDT usage to regulators.
Usual Money Launches Usual USD on Public Mainnet; TVL Reaches $90M
[Jul 14, 2024 10:10 AM] A project called Usual Money has officially unveiled its public mainnet, launching the usual usd (USD0) stablecoin. This initiative seeks to provide a decentralized alternative to traditional fiat-backed stablecoins. Usual Money Debuts USD0…
Crypto holders predicted to triple by 2026, says Lunu CEO
[Jul 12, 2024 4:00 AM] The current 560 million crypto holders could triple in number during the next two years, but user experience remains the biggest challenge.
SEC Withdraws Enforcement Action Against Paxos’ BUSD Stablecoin
[Jul 11, 2024 8:54 AM] The Securities and Exchange Commission (SEC) has decided to end its investigation into Paxos, a New York-based issuer of stablecoins, suggesting that stablecoins may not be treated as securities in most cases. This decision comes more than a year…
Terraform Labs to sell 4 companies as part of wind-down
[Jul 10, 2024 11:14 PM] The bankrupt Terraform Labs is looking to sell four of its companies as it winds down operations to comply with its multi-billion SEC deal.
Stablecoins, Miners Outperform as $18B Gets Wiped Out From Crypto in June: JPMorgan
[Jul 8, 2024 7:43 AM] Spot bitcoin ETFs saw their second worst month since launching in the U.S., with an estimated $662 million of net outflows, the report said.
Opera Mini’s crypto wallet MiniPay now offers USDT and USDC
[Jul 4, 2024 12:14 AM] Since launching in September 2023, Opera Mini’s MiniPay app has amassed three million users.
Aave protocol’s GHO stablecoin now live on Arbitrum
[Jul 2, 2024 4:05 PM] The deployment of the GHO stablecoin on the Ethereum layer-2 network will leverage Chainlink's CCIP interoperability protocol.
Aave DAO Launches GHO Stablecoin on Arbitrum Network
[Jul 2, 2024 12:33 PM] Aave DAO has introduced its multi-collateralized stablecoin, GHO, on the Arbitrum network. This move marks the first step in the DAO’s phased strategy for cross-chain expansion. Aave DAO Begins Cross-Chain Expansion With GHO on Arbitrum…
Paxos gains approval for Singapore stablecoin launch with DBS partnership
[Jul 2, 2024 7:17 AM] Paxos will partner with Southeast Asia’s largest bank, DBS, for the stablecoin launch.
Circle becomes first licensed stablecoin issuer under MiCA
[Jul 1, 2024 10:52 AM] Circle’s USDC and EURC stablecoins become the first fully compliant digital fiat tokens under the Markets in Crypto-Assets rules.
Philippines adopts Tether’s USDT for social security payments
[Jul 1, 2024 4:34 AM] The Social Security System is a state-run social insurance program that serves employees in the official, informal and private sectors.
Curve Finance adopts crvUSD for fee distribution
[Jun 28, 2024 7:23 AM] Curve Finance shifts from 3crv to crvUSD for fee distribution, enhancing the stablecoin’s utility and ecosystem integration.