[Aug 9, 2023 5:30 AM] On July 27, 2023, The U.S. House Financial Services Committee advanced a stablecoin-focused bill for the first time. The Clarity for Payment Stablecoins Act of 2023 would establish a federal regulatory framework for stablecoins with the U.S…
[Aug 9, 2023 3:33 AM] Major global financial and consumer platforms are expected to issue co-branded stablecoins resulting in significant growth for these cryptocurrencies, the report said.
[Aug 8, 2023 8:43 AM] Crypto infrastructure provider Paxos Trust is already working on other stablecoin projects similar to PayPal’s new PYUSD, said Paxos’ head of strategy Walter Hessert on CoinDesk TV on Tuesday.
[Aug 7, 2023 10:36 AM] Reports indicate that PayPal’s stablecoin, PYUSD, was originally intended to be launched in collaboration with FTX on the Solana blockchain in 2022. However, unforeseen circumstances led to a sudden suspension of these plans. The…
[Aug 7, 2023 8:00 AM] In the brief span from July 12, 2023 to August 6, 2023, the stablecoin economy witnessed a staggering loss exceeding $1.53 billion in value. Among the premier ten stablecoins, Pax’s pax dollar (USDP) experienced a redemption of 39% of its…
[Aug 3, 2023 7:44 AM] Demand for greenbacks in the global economy is increasingly flowing into permissionless stablecoins, even as domestic policies and foreign efforts like a BRICS-issued currency could erode the U.S. dollar's overall dominance.
[Aug 3, 2023 7:30 AM] In a recent turn of events, the cryptocurrency world has been introduced to two stablecoins anchored to the U.S. dollar — Aave’s gho (GHO) and First Digital’s stablecoin FDUSD. These dollar-tied tokens have rapidly gained…
[Jul 31, 2023 7:40 AM] On-chain data shows a pattern in the stablecoin shark and whale holdings that may suggest the Bitcoin rally could make a return in the near future. Stablecoin Sharks & Whales Have Been Accumulating Recently According to data from the on-chain…
[Jul 28, 2023 9:00 AM] Bitcoin has continued to stagnate recently as another recovery move has failed to prosper. So here’s an indicator that may hint when a break could happen. Bitcoin Rally May Not Resume Until The Stablecoin Market Cap Goes Up Around the start…
[Jul 28, 2023 8:00 AM] The U.S. House Financial Services Committee has passed Chairman Patrick McHenry’s Clarity for Payment Stablecoins Act with bipartisan support. McHenry said committee members, unlike the White House, understood the urgency and importance of…
[Jul 27, 2023 10:00 PM] Palau, an insular nation in the Philippines Sea, has partnered with Ripple, announcing a limited pilot for its own U.S. dollar-pegged stablecoin issued using XRP technology. According to Jay Hunter Anson, a member of the board of directors of…
[Jul 27, 2023 9:51 PM] The bills aim to create a regulatory framework for payment stablecoins and enshrine rights for crypto users to self-custody digital assets.
[Jul 27, 2023 8:00 PM] House lawmakers cleared stablecoins legislation for the next step in its route through Congress on Thursday, though the House Financial Services Committee moved the bill toward a potential floor vote without bipartisan support as Chair Patrick…
[Jul 25, 2023 7:30 AM] The on-chain analytics firm Santiment suggests that this indicator may be the one to watch to get hints about when Bitcoin might rebound. Large Stablecoin Holders Have Seen Stagnant Supply Recently According to Santiment, the movements of the…
[Jul 24, 2023 11:18 AM] The EU agency is consulting on new MiCA rules that mean “significant” tokens are centrally supervised with extra capital requirements
[Jul 20, 2023 3:30 AM] According to the latest Coingecko report, during the second quarter (Q2) of 2023, the U.S. dollar value of BTC grew by nearly 7% while that of the entire crypto market capitalization only went up by 0.14%. In contrast, BTC’s average daily…
[Jul 19, 2023 10:53 AM] Users can now interact with Lybra’s new companion stablecoin peUSD, which is said to be more compatible with decentralized finance protocols than the protocol’s main stablecoin eUSD.
[Jul 17, 2023 7:00 PM] As one of the biggest stablecoins, USDC is one of the major players in the crypto industry. However, the stablecoins have seen better days, as the stablecoin has seen its market cap drop drastically over the past few months. The second-largest…
[Jul 17, 2023 1:30 PM] Aave, a prominent lending protocol within the decentralized finance (defi) sphere, has unveiled GHO, a new stablecoin, which is now live on the Ethereum network. Aave users can now mint the stablecoin asset by leveraging Aave version three (v3)…
[Jul 17, 2023 12:22 AM] The value and popularity of TerraUSD Classic, or USTC, the algorithmic stablecoin of the Terra Classic (LUNC) ecosystem, have skyrocketed recently. Today, the stablecoin makes a surprise rally, sparking a great deal of interest among investors and…
[Jul 13, 2023 7:32 PM] Jeremy Allaire claimed the U.S. dollar is “under threat” and urged lawmakers to pass stablecoin regulation to “build trust” in a digital dollar.
[Jul 12, 2023 2:00 PM] Tether, one of the largest stablecoin issuers, has recently made a significant move in the cryptocurrency market. With the release of an additional 1 billion USDT on the Ethereum and TRON networks, Tether aims to solidify its market dominance and…
[Jul 12, 2023 12:00 PM] The top stablecoins have continued to see redemptions over the past 30 days as the dollar-pegged crypto economy currently hovers at $127.32 billion on July 12. The stablecoin BUSD’s supply has dropped below the 4 billion mark as the…
[Jul 12, 2023 5:00 AM] The U.S. Securities and Exchange Commission (SEC) would take a back seat in a crypto oversight bill being re-launched by Sens. Cynthia Lummis (R-Wyo.) and Kirsten Gillibrand (D-N.Y.), which would require that crypto exchanges be overseen by the…
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