Tether and Circle Stablecoin Purchases Dominate in Argentina
[Feb 12, 2024 12:35 PM] Stablecoin purchases are proving popular for Argentine citizens amid a severe economic crisis in the nation.
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Cryptodollar Minting Protocol M^0 Will Allow Institutions to Issue Stablecoins Backed by U.S. Treasuries
[Feb 8, 2024 9:00 AM]
US Treasury Secretary Janet Yellen Urges Congress To Pass Crypto Legislation
[Feb 6, 2024 8:00 PM] In a recent statement before the House of Representatives, US Treasury Department Secretary Janet Yellen emphasized the need for Congress to pass legislation that provides clarity and regulation in the crypto markets. Secretary Yellen Calls For…
Monei Starts Conducting Euro Stablecoin Tests
Stablecoins Surge: USDT Leads $400 Million Inflows, Signaling Investor Confidence
[Feb 1, 2024 9:00 AM] The cryptocurrency industry has witnessed a significant change in the movement of stablecoins, offering valuable observations into the evolving dynamics of the market. Recent data from IntoTheBlock and CryptoQuant has shown a surge in stablecoin…
Tether’s ‘Record-Breaking’ Q4 Profit Partly Attributed to Gold and BTC Price Appreciation
Tether's Audit Report Reveals Over $2.8 Billion in Bitcoin Holdings
[Jan 31, 2024 11:36 AM] Announced today, Tether, the leading stablecoin issuer, has emerged with a robust balance sheet showcasing ownership of over $2.8 billion in Bitcoin. The information comes to light following an audit conducted by BDO, a renowned auditing firm, as…
Paypal’s PYUSD Stablecoin Central to Investment in Digital Finance Platform Mesh
[Jan 30, 2024 11:30 AM] Paypal Ventures, the venture capital division of Paypal, revealed this week its investment in Mesh, a financial technology startup focused on advancing digital payments. The investment entity emphasized that the capital injection was primarily…
MIM Stablecoin Suffers Flash Crash Amid $6.5M Exploit
[Jan 30, 2024 6:34 AM] The stablecoin issued by decentralized platform Abracadabra.money {MIM}, suffered a flash crash to $0.76 after reports emerged of a $6.5 million exploit.
Solana Unveils Token Extensions As SOL Bounces Back, Surging 5%
[Jan 24, 2024 7:00 PM] The Solana Foundation, a non-profit organization dedicated to decentralization, adoption, and security on the Solana network, has launched token extensions. Solana Token Extensions Gains Traction According to a January 24 announcement, token…
Solana Delivers 'Token Extensions' to Attract Compliance-Minded Token Developers
[Jan 24, 2024 8:00 AM]
Report: US Crypto Startup Seeks to Launch an Interest-Bearing Stablecoin
[Jan 24, 2024 6:30 AM] A U.S. blockchain and lending startup is seeking the U.S. Securities and Exchange Commission’s permission to issue an interest-bearing stablecoin. The startup said the digital token will be used as an alternative to existing stablecoins such…
K33 Research Note Claims Cardano Network Lacks Meaningful Use, Native Token Value at Risk
[Jan 19, 2024 6:30 AM] The latest K33 Research note asserts that the Cardano network has no meaningful use and this does not augur well for its native token. The note concludes that nothing is happening on the network except “exchange transfers and a group of…
TrueUSD Wobbles Towards $1 Peg Amid Reported Redemption Issues
[Jan 18, 2024 4:54 AM] TUSD went as low as 96 cents as Binance data shows traders apparently sold over $300 million worth in the past 24 hours.
Circle Report Shows USDC Navigating Challenging Waters in 2023
[Jan 17, 2024 5:00 AM] Despite a challenging 2023 with a substantial decline in circulating supply, a Circle report claims USDC emerges resilient, experiencing a surge in real-world applications and a decrease in speculative trading. A Resilient Year for USDC Amidst…
Tether Criticizes UN Report for Ignoring USDT’s Role in Helping Developing Economies
Can Crypto Dethrone U.S. Dollar Dominance? Here Is Morgan Stanley's Take
[Jan 16, 2024 12:25 PM] U.S. monetary policy, combined with the use of economic sanctions, have forced some countries to look for alternatives to the dollar, while growth of stablecoins may have emphasized the need of the fiat currency, the bank said.
Chainlink Teams Up With Circle to Allow Cross-Chain Stablecoin Transfers
[Jan 16, 2024 9:01 AM] The integration allows developers to build cross-chain use cases via Chainlink's CCIP that involve multichain transfers of Circle's USDC stablecoin.
USDT at the Heart of Pig Butchering Scams Says the UN
[Jan 16, 2024 5:30 AM] The stablecoin tether has emerged as one of the preferred payment methods for money launderers and fraudsters operating out of Southeast Asia, the findings of a new United Nations study have shown. According to Jeremy Douglas, criminals are…
Tether Hits Back at UN Report Alleging Role of USDT in Illicit Activity in East Asia
[Jan 16, 2024 5:25 AM] Tether, the issuer of the largest stablecoin by market cap, has challenged the United Nations (UN) for its report on underground banking and money laundering infrastructure in East and Southeast Asia.
Coinbase Partners With Yellow Card to Expand Access to Its Products in 20 African Countries
[Jan 13, 2024 5:00 AM] The leading crypto exchange Coinbase has said it will expand access to its products to 20 African countries. Coinbase also claimed that its partnership arrangement with the Africa-focused crypto exchange Yellow Card can help increase financial…
PYUSD’s 30-Day Surge of 72% Vaults Paypal’s Offering Into USD Stablecoin Top Ten
Consortium of Nigerian Banks and Fintechs Cleared to Pilot Stablecoin
[Jan 7, 2024 4:30 AM] The Nigerian central bank has given its go-ahead for the Africa Stablecoin Consortium (ASC) to pilot its cNGN stablecoin initiative in the financial regulator’s regulatory sandbox. The ASC asserts that the cNGN stablecoin can prove to be…
Gamma Heist — Over $3M in Digital Assets Drained, 1,000 ETH Moved to Tornado Cash
[Jan 6, 2024 12:30 AM] On Jan. 4, the decentralized finance protocol Gamma Strategies was a victim of a hacking attack which saw criminals make off with digital assets worth over $3 million. To pre-empt further attacks, Gamma Strategies said it has shut off all deposits…
USDC Stablecoin Temporarily Depegs to $0.76 on Binance Amid Market Turbulence
[Jan 4, 2024 8:30 AM] Circle’s USDC, typically pegged to the dollar, experienced unexpected volatility on Binance, dipping as low as $0.76 amidst a market rattled by Bitcoin ETF skepticism and a significant liquidation in derivatives. USDC Temporarily Depegs on…
Stablecoin Storm — Gemini’s GUSD Shrinks 93% Amidst Market Turbulence
[Jan 3, 2024 11:30 AM] Over the past few years, the stablecoin market has significantly slowed, particularly since mid-2022, following the collapse of Terra’s stablecoin. Additionally, last year, the New York Department of Financial Services (NYDFS) instructed…
Stablecoins Can Help Fix the Current Lending Market
[Jan 3, 2024 10:45 AM] The Global Financial Crisis reduced the depth of capital markets. Blockchain-based stablecoins can help fill the gap, say Christine Cai and Sefton Kincaid, of Cicada Partners.
Hong Kong Regulators Unveil Public Consultation Paper on Stablecoin Regulation
[Dec 28, 2023 6:30 AM] Hong Kong Monetary Authority (HKMA) and Financial Services and the Treasury Bureau have released a public consultation paper to gather residents’ opinions on the proposed regulatory regime for stablecoin issuers. The HKMA also announced the…
Paxos Expands to Solana Following NYDFS Nod, Widening Stablecoin’s Horizon
[Dec 22, 2023 2:30 PM] The tokenization and stablecoin platform Paxos has revealed plans to broaden its stablecoin issuance to the Solana blockchain. The company, which oversees the pax dollar (USDP), anticipates that Solana-issued USDP will be publicly available…
GHO Stablecoin Fails to Enforce Dollar Peg Amid Criticism, Receives D Grade From Bluechip
[Dec 22, 2023 11:30 AM] Roughly three weeks ago, Bitcoin.com News covered the stablecoin GHO, when it achieved a notable milestone by reaching $0.98 per coin. However, on December 11, the token experienced a slight dip, hitting $0.975 per unit. Despite some improvement in…