14 / 30 Relevant items tagged with #stablecoin

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Circle And SBI Holdings Partnership To Boost USDC In Japan

[Nov 27, 2023 12:00 PM] Global financial firm Circle has announced a strategic partnership with the Japanese financial services SBI Holdings, Inc., to promote the adoption of Circle’s USDC stablecoin and web3 services in Japan. Circle Joins SBI Holdings In A…

Ethereum (ETH) price reclaims $2K as data shows a surge in network activity

[Nov 23, 2023 4:41 PM] Despite regulatory action against Binance, a surge in Ethereum network activity and the expectation of a spot ETF approval fueled a price move above $2,000.

Stablecoins will remain ‘indispensable’ in Argentina under new president — Ripio CEO

[Nov 23, 2023 1:35 PM] Regardless of what changes Javier Milei brings to Argentina’s monetary system, stablecoin is likely to have an unshakable place in the economy, Sebastián Serrano said.

Stablecoin bill is a ‘no-brainer’ — Consensys director on US legislation

[Nov 23, 2023 11:10 AM] Consensys’ senior counsel and director of global regulatory matters, Bill Hughes, spoke at the North American Blockchain Summit on crypto bills and their role in politics.

Africa-Focused Crypto Exchange Yellow Card Bags Africa’s ‘Disrupter of the Year’ Award

[Nov 22, 2023 6:30 AM] Yellow Card, the Africa-focused crypto exchange, recently won the African financial industry’s 2023 “Disrupter of the Year” award. The crypto exchange’s CEO described the award as a recognition of Yellow Card’s role in…

New Zealand dollar stablecoin goes live through local crypto exchange

[Nov 21, 2023 8:17 PM] Easy Crypto launched the aptly named New Zealand Dollar Stablecoin (NZDD) in partnership with an Australian blockchain development firm.

Tether’s bank partner Britannia sued over $1B deposit: Report

[Nov 21, 2023 7:14 AM] Tether’s bank partner Britannia is reportedly facing a lawsuit over claims it failed to pay the full price of revenue-generating assets allegedly related to a deposit from Tether.

Tether freezes $225M USDT linked to romance scammers amid DOJ investigation

[Nov 20, 2023 9:02 AM] The stablecoin issuer reported the illicit funds had been used by a Southeast Asia-based crime syndicate responsible for a “pig butchering” romance scam.

‘Primitive’ stablecoin lacks mechanisms that maintain fiat stability: BIS

[Nov 17, 2023 4:02 PM] The answer again is regulation, although this time the suggested regulation looks a lot like central bank co-option.

The Quest to Stabilize GHO — Navigating Challenges to Reach $1 Peg Amidst Aave’s Corporate Rebrand

[Nov 17, 2023 11:30 AM] The blockchain technology enterprise Aave Companies, recently rebranded as Avara, is still navigating challenges in stabilizing its stablecoin GHO, which is currently struggling to sustain its desired $1 peg. The project’s Liquidity…

Tether plans major expansion into BTC mining with $500M investment: Report

[Nov 16, 2023 1:00 PM] Tether has ambitions to reach 1% of BTC mining computing power under new CEO Paolo Ardoino. New facilities in South America will be part of the push.

Paxos to issue USD stablecoin in Singapore, wins initial approval

[Nov 15, 2023 8:53 PM] The USD-backed token will comply with Singapore’s upcoming stablecoin laws and be issued through a new local Paxos entity that’s received initial approval.

Solana-Based Stablecoin Remittances Get a Boost with CFX Labs' Fresh $9.5M Fundraise to Expand Globally

[Nov 15, 2023 8:38 AM] Remittances are one of the most compelling use cases for stablecoins, offering fast, non-stop settlements and cheap transactions using blockchains as payment rail.

Tether credits USDT growth surge to ETF excitement, emerging markets

[Nov 14, 2023 7:28 AM] Tether USDT added at least $20 billion to its market capitalization in 2023, while rival stablecoin USDC lost the same amount so far this year.

Stablecoin firm Tether minted 4B USDT in 4 weeks: Data

[Nov 13, 2023 4:23 AM] Tether has minted 4 billion USDT over the past month, which accounts for nearly 18% of all USDT issued so far in 2023.

DeFi Platform Raft Suffers $3.3M Exploit, But Hacker Likely Took a Loss on the Attack

[Nov 10, 2023 3:27 PM] Raft's R stablecoin lost its dollar peg, dropping as much as 50% in the immediate aftermath of the exploit.

Tether Achieves Lifetime High With $86.51B Valuation; Tron Version Surpasses ETH in Several Metrics

[Nov 10, 2023 12:30 PM] This week, the leading stablecoin by market capitalization attained a valuation of $86.51 billion, following a supply surge of 3.6% in the past month. Currently, the Tron network holds approximately 45.82 billion USDT, while the Ethereum blockchain…

Report: Stablecoin Giant Circle Eyes 2024 Public Listing

[Nov 9, 2023 12:30 AM] According to anonymous sources familiar with the matter, Circle Internet Financial Ltd., the second-largest stablecoin issuer, plans to go public in 2024 via backing from Blackrock, Goldman Sachs, and others. The news follows Circle’s…

Progmat stablecoin platform takes shape as wallet, liquidity providers join

[Nov 8, 2023 2:51 PM] Progmat Coin hopes to issue yen- and dollar-pegged “trust-type” stablecoins next summer to accommodate around-the-clock settlement.

EU banking watchdog proposes liquidity rules for stablecoin issuers

[Nov 8, 2023 6:18 AM] The proposed guidelines are currently in the public consultation phase for the next three months and, if approved, will come into effect starting in June 2024.

Binance Launches High-Yield USDT Earning Program Amid Fierce Market Competition

[Nov 7, 2023 3:30 PM] This week, Binance, the world’s leading crypto exchange by trading volume, announced the introduction of a tether (USDT) earning program with up to a 13% annual percentage yield (APR). Binance’s USDT earn product joins a slew of other…

South African Financial Giant Says It Will Inject Capital Into ZARP Stablecoin Network

[Nov 7, 2023 6:30 AM] South Africa’s Old Mutual Wealth and financial services provider Inves Capital recently revealed plans to inject liquidity into the ZARP stablecoin network. Inves Capital’s managing director said “crypto is entering a new…

Moody’s unveils service that uses AI to predict stablecoin depeggings

[Nov 6, 2023 6:35 PM] Moody’s Analytics will use machine learning and a host of indicators to compile and analyze large-cap stablecoins and identify probable depeggings.

UK stablecoin regulation begins to take shape in multiple FCA, BOE documents

[Nov 6, 2023 2:10 PM] It’s not expected to come into force until 2025, but new publications from the FCA and BOE shed light on regulators’ thinking.

Aave’s GHO Stablecoin Grapples With Dollar Peg Stability: Liquidity Fixes on the Horizon

[Nov 4, 2023 3:30 AM] The decentralized finance (defi) protocol Aave’s stablecoin asset called GHO has been struggling to keep its peg to the U.S. dollar. While it is coasting along at $0.966 per unit at the time of writing, five days ago it tapped an all-time low at…

PayPal Faces SEC Subpoena Over Its PYUSD Stablecoin

[Nov 2, 2023 4:47 AM] Global payments giant PayPal (PYPL) received a subpoena from the U.S. SEC requesting documentation about its USD stablecoin on Wednesday.

Tether issues $610M debt financing to Bitcoin miner Northern Data

[Nov 2, 2023 3:22 AM] In September 2023, Tether also invested an undisclosed amount in Northern Data in a move backing AI initiatives.

Bitcoin crash pre-halving? Stablecoin metric that marked 2019 top flashes warning

[Nov 1, 2023 8:20 AM] Two key BTC supply metrics show conflicting signals on whether a retracement will occur before the Bitcoin halving.

Circle to phase out consumer accounts, but business and Mint will remain

[Oct 31, 2023 12:56 PM] Stablecoin issuer Circle sent emails to customers stating that individual consumer accounts would be phased out.

From payments to DeFi: A closer look at the evolving stablecoin ecosystem

[Oct 31, 2023 7:01 AM] The stablecoin ecosystem has evolved significantly over the years, with new regulations and models shaping the landscape.