Stablecoin

Stablecoin issuer Tether (CRYPTO: USDT) on Monday announced its first venture into the agricultural sector by acquiring a 9.8% stake in Adecoagro, a Latin American agricultural leader. What Happened: The $100 million investment was funded by Tether's working capital, giving the company ownership...

Crypto’s unique features are ideally suited for the complex requirements of machine-to-machine transactions in the artificial intelligence (AI) economy. That’s according to a new report from Bernstein Research, released Friday. “Crypto solves almost all the criteria” for AI...

Hong Kong’s monetary authorities are proposing new regulation for fiat stablecoins. What Happened: After a two-month public consultation that concluded in February 2024, 108 submissions from various market participants and stakeholders delivered input for the Financial Services and the...

The U.S. Securities and Exchange Commission (SEC) has concluded its investigation into Paxos, a New York-based stablecoin issuer, without recommending enforcement action. What Happened: Jorge Tenreiro, acting chief of the SEC’s crypto assets and cyber unit, informed Paxos of the decision,...

Renowned cryptocurrency analyst Willy Woo has hinted at the possibility of a Bitcoin (CRYPTO: BTC)-backed stablecoin from Tether (CRYPTO: USDT) in the future. What Happened: In a post on Tuesday, Woo praised Tether, the company behind the world’s biggest stablecoin by market cap, for their...

Shopify merchants can now accept payments in hundreds of cryptocurrencies, with an upgraded Solana (CRYPTO: SOL) Pay plugin. What Happened: The update, launched by Web3 payments provider Helio, aims to integrate crypto payments into Shopify’s merchant network, enhancing the overall payment...

In the early hours of Asian trading, Curve's (CRYPTO: CRV) token experienced a 30% drop, spurred by the automatic liquidation of some loan positions linked to the protocol’s founder, Michael Egorov. What Happened: This liquidation triggered a wave of selling activity, significantly impacting...

Circle Internet Financial, the company behind the world’s second-largest stablecoin (CRYPTO: USDC), is set to move its headquarters from Ireland to the United States. What Happened: While the specific reason for the move remains undisclosed, the company confirmed the filing of legal paperwork...

Stripe is diving back into the world of cryptocurrency, this time focusing on stablecoins for online transactions. What Happened: The payments processing giant announced the news at their annual conference in San Francisco, with co-founder John Collison highlighting the improvements in the crypto...

For those waiting on clarity surrounding stablecoins in the U.S., Representative Maxine Waters (D-CA), a key figure in the House Financial Services Committee, has indicated that a stablecoin bill could be finalized soon. What Happened: “We are on our way to getting a stablecoin bill in the...

BlackRock (NYSE:BLK), the world’s largest asset manager with $10 trillion in assets under mangement, has been steadily building a multifaceted crypto strategy. What Happened: Token Terminal, a research firm specializing in digital assets, has analyzed BlackRock’s approach to digital...

Investors in BlackRock’s history-making tokenized fund, the BlackRock USD Institutional Digital Liquidity Fund (BUIDL), now have a way to quickly and easily convert their holdings into (CRYPTO: USDC) stablecoin, thanks to a new collaboration between BlackRock (NYSE:BLK) and Circle Inc. What...

A research report found that Solana (CRYPTO: SOL) has emerged as the new leader in the realm of blockchain payments. What Happened: In its new report, Bernstein, a research and brokerage firm, attributes Solana’s success to its streamlined architecture, The Block reported. Compared to...

Senator Elizabeth Warren (D-Mass.) has thrown a wrench into efforts to pass a stablecoin regulation bill in the US, warning lawmakers about the potential dangers stablecoins pose to the financial system and national security. What Happened: In a letter obtained by Politico, Warren targeted the...

Payment protocol Ripple (CRYPTO: XRP) on Thursday announced its entry into the stablecoin market with a U.S. dollar-pegged token. What Happened: Ripple’s stablecoin aims to set a new standard in the stablecoin ecosystem by ensuring a 1:1 peg to the U.S. dollar, underpinned by substantial U.S...