MHC Digital, Circle collaborate to expand USDC access in APAC region
[Oct 1 5:56 PM] Australian pension funds can expect a pitch soon for saving money on fees with a stablecoin.
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Circle Signals Plans to Bring USDC to Australia With Venture Capitalist Mark Carnegie
[Oct 1 8:48 AM] Stablecoin giant Circle has signalled its plans to bring its digital currency, USDC, into Australia and beyond with the unveiling of a partnership with venture capitalist Mark Carnegie's MHC Digital Group, the companies announced on Tuesday.
Japan to Review Crypto Regulations, Potentially Easing Tax Burden
[Oct 1 6:30 AM] Japan is reportedly set to review its cryptocurrency regulations, potentially reducing taxes on digital assets. The Financial Services Agency (FSA) plans to assess whether current crypto regulations under the payments act provide sufficient…
Canada Sets New Deadline for Crypto Platforms to Comply With Stablecoin Regulations
[Sep 30 9:30 AM] The Canadian Securities Administrators (CSA) have announced an updated regulatory framework for stablecoins, also known as value-referenced crypto assets (VRCAs), with a new compliance deadline set for December 31, 2024. The updated regulations…
Tether Aids DOJ in Seizing $6M in Assets Tied to Crypto Scams
[Sep 30 4:30 AM] Tether, a stablecoin issuer, said it has collaborated with the U.S. Department of Justice to seize digital assets worth $6 million stolen from victims of crypto confidence schemes. Tether has assisted law enforcement in various jurisdictions…
Fed’s dovish move will slash $625M in interest income for stablecoins
[Sep 27 8:54 PM] CCData estimates stablecoins will lose approximately $625 million in interest income for each 50-basis point cut. Further cuts in 2024 could reduce annual revenue by as much as $1.5 billion.
Tether Helps Dutch and US Authorities Seize $7.8M in Crypto
[Sep 27 1:30 PM] Tether, the world’s largest stablecoin issuer, reportedly played a crucial role in a joint operation led by Dutch and U.S. law enforcement agencies to dismantle two cryptocurrency exchanges suspected of money laundering. The operation resulted in…
Blackrock Joins Race to Issue New Stablecoin
[Sep 27 10:30 AM] Blackrock has announced its backing of a new stablecoin, UStb, launched by Ethena Labs. Supported by Blackrock’s BUIDL fund, UStb is designed to provide a reliable alternative in the stablecoin market, leveraging investments in U.S. dollars…
Paypal Rolls Out Crypto Features for Business Accounts
[Sep 27 1:30 AM] Paypal has unveiled a new feature allowing U.S. merchants to buy, hold, and sell cryptocurrency from their business accounts. Although not yet available in New York, this move caters to increasing demand from businesses. Paypal has steadily ramped…
Curve Finance Mulls Removing TrueUSD as Collateral for Stablecoin Curve USD
[Sep 26 9:23 AM] “crvUSD is overexposed to minor stablecoins, especially TUSD which has a dubious track record and has recently been charged by the SEC with defrauding investors,” the proposer wrote.
Curve Finance Proposal Eyes Reducing TUSD Exposure After SEC Settlement
[Sep 25 8:30 PM] Curve Finance is evaluating a proposal to reduce its reliance on the stablecoin TUSD following the resolution of U.S. Securities and Exchange Commission (SEC) charges against Trusttoken Inc. and Truecoin LLC, the companies behind the dollar-pegged…
Societe Generale Forge partners with Bitpanda for euro stablecoin ahead of MiCA
[Sep 25 7:00 AM] The partnership comes shortly ahead of the implementation of the MiCA regulatory framework for crypto service providers.
Trusttoken, Truecoin Settle SEC Charges Over Misleading TUSD Claims
[Sep 25 5:30 AM] The U.S. Securities and Exchange Commission (SEC) announced settled charges against crypto companies Trusttoken Inc. and Truecoin LLC. The charges allege fraudulent misrepresentations and unregistered sales of investment contracts related to the…
SocGen's Crypto Unit Takes Euro Stablecoin to Solana After Flopping on Ethereum
[Sep 20 7:00 AM] Stablecoins are becoming systemically important to the global financial economy, Bernstein wrote in a recent report.
Crypto-Friendly Digital Bank Revolut Set to Launch Its Own Stablecoin
[Sep 19 4:40 PM] Crypto-friendly digital bank Revolut is set to launch its own stablecoin, marking a significant expansion of its crypto offerings. This move positions Revolut alongside major players like Paypal, Ripple, and Bitgo in the highly competitive…
Bitgo to Launch USDS Stablecoin in January 2025
[Sep 18 4:12 PM] Bitgo plans to launch its new stablecoin, USDS, in January 2025, offering a unique model that rewards liquidity providers. The announcement was made by Bitgo CEO Mike Belshe during an interview with Coindesk at the Token2049 event in Singapore. The…
Goldman Sachs-backed BitGo introduces USDS rewarding stablecoin
[Sep 18 10:56 AM] BitGo’s USDS stablecoin will challenge major issuers like Circle and Tether, aiming to distribute up to 98% of earnings to network supporters.
BitGo to Enter Stablecoin Market With Reward-Bearing USDS Coin
[Sep 18 5:22 AM] BitGo says USDS is an "open participation" stablecoin that provides rewards to institutions for providing liquidity to the ecosystem.
Circle integrates USDC with national payment systems of Brazil, Mexico
[Sep 17 9:09 PM] USDC is now integrated into the banking systems of Brazil and Mexico, allowing businesses to use the USD-pegged stablecoin directly through local financial institutions.
USDT on TON chain surpasses $1 billion: Token Terminal
[Sep 17 7:13 PM] Tether’s stablecoin continues to dominate rivals, including Circe’s U.S. Dollar Coin (USDC).
Circle's USDC in Brazil and Mexico Now Available to Businesses Via Banking System
[Sep 17 4:30 PM] Previously, the stablecoin could only be purchased through crypto exchanges.
TON, Curve Finance team up on stablecoin swap initiative
[Sep 17 12:07 PM] The partnership introduces Curve Finance's CFMM technology to TON, optimizing stablecoin swaps with reduced price volatility and slippage.
Circle’s USDC stablecoin to launch on Sui network
[Sep 17 7:58 AM] The UDSC stablecoin will soon become natively supported on the Sui network through the Cross-Chain Transfer Protocol.
Circle predicts stablecoins will become mainstream global payment method
[Sep 15 9:23 AM] Stablecoin issuer Circle expects internet payment firms and other financial services companies will attempt to enter or expand in the space.
USDC issuer Circle announces HQ move to New York ahead of IPO
[Sep 14 9:48 AM] 2025 could bring stablecoins into the mainstream, after 2024 introduced a "turning point year in crypto," according to Circle's Allaire.
Tether onboards head of government affairs from PayPal
[Sep 13 9:30 PM] Jesse Spiro said he intended to work with industry leaders and lawmakers to help grow the ecosystem in his role at Tether.
English High Court Rules Tether's USDT Stablecoin Counts as Property
[Sep 13 11:47 AM] USDT attracts property rights as it can be the subject of tracing and can constitute trust property in the same way as other property, a judge in England declared.
UK court rules Tether is property in first English law post-trial crypto ruling
[Sep 13 3:56 AM] It comes a day after a UK government bill aimed to clarify that crypto was “personal property” under property laws.
Consumer protection watchdog warns about Tether's reserves
[Sep 12 9:07 PM] According to the S&P Global ratings agency, Tether scored a 4 out of 5 on its stability assessment, with 5 being the worst rating.
Stablecoins Increasingly Used for Savings, Payments in Emerging Countries, but Crypto Trading Still Leads: Report
[Sep 12 4:45 PM] The report surveyed more than 2,500 cryptocurrency users in Brazil, Nigeria, Turkey, Indonesia and India.