Stablecoin

Bitcoin spot ETFs recorded a net outflow of $85.84 million on April 1, amid a broader slowdown in the digital asset investment space. What Happened: Data from SoSoValue shows a mixed picture for individual Bitcoin spot ETFs. Grayscale’s industry-leading GBTC (OTC:GBTC) fund experienced a...

The ongoing trial involving Terraform Labs, the company behind the algorithmic stablecoin UST (CRYPTO: USTC), took a dramatic turn on Monday with the testimony of James Hunsaker, a former employee of Jump Trading. According to a series of social media posts by journalist Alexander Osipovich,...

In a landmark moment for the cryptocurrency market, Bitcoin (CRYPTO: BTC) is rallying again, crossing the $70,000 threshold Friday morning.  This achievement marks a new all-time high for the world's leading digital currency, underscoring its growing acceptance and resilience in...

Fierce discussions are taking place regarding the enactment of U.S. stablecoin legislation, according to Sen. Cynthia Lummis (R-Wyo.). The Senator remains hopeful about the possibility of the legislation being passed within the first half of 2024. What Happened: On Thursday, Sen. Lummis in an...

Tether’s (CRYPTO: USDT) fourth-quarter attestation report recorded significant profits, with a substantial portion coming from the company's gold and Bitcoin holdings. The stablecoin issuer is looking forward to a promising 2024. What Happened: Tether reported a profit of $...

Cardano's (CRYPTO: ADA) much-anticipated stablecoin Mehen (USDM) has faced delays in its launch date. Originally set to launch on Jan. 16, 2024, the Cardano team behind Mehen has pushed the release date back two months to March 16, 2024. What Happened: The delay comes...

Coinbase Global (NASDAQ: COIN) looks to foray into Africa. What Happened: Coinbase is partnering with the African stablecoin exchange Yellow Card in an effort to expand its product suite in emerging economies. It is looking to start with 20 countries across Africa from February 2024...

In a bid to enhance transparency and trust in its operations, the stablecoin TrueUSD (CRYPTO: TUSD) Thursday announced a partnership with accounting firm Moore Hong Kong (MooreHK), that will provide daily attestation services. The goal is to bolster confidence among stakeholders and token...

Hong Kong-based stablecoin issuers should obtain a license in order to operate in the city and cater to retail investors. That's according to a consultation paper from the Hong Kong Monetary Authority (HKMA), the city’s central bank, and the Financial Services and the Treasury Bureau (...

Circle’s euro-backed stablecoin, EURC will now be available on Solana for real-time, global payments and all-time available instant foreign exchange trading. What Happened: The Solana (CRYPTO: SOL) blockchain has now added Circle’s (CRYPTO: USDC) euro-backed stablecoin EURC amid the...

Switzerland-based fintech firm Anchored Coins recently issued AEUR. But Binance is taking issue with that fact that “some users did not realize that AEUR was a stable currency when they purchased it." As a result, "demand surged in the short term, resulting in price deviations....

Société Générale (OTCMKTS: SCGLY) is launching a stablecoin. What Happened The French bank will be the first major financial institution to offer digital assets tracking the price of fiat currencies to investors. Société Générale said...

After Singapore, Paxos received approvals to issue stablecoins in the Abu Dhabi Global Market (ADGM). What Happened: The regulated blockchain and tokenization infrastructure platform was granted in-principle approvals (IPAs) by the Financial Services Regulatory Authority (FSRA) in the ADGM. It has...

Creating a strong foothold in the stablecoin market, Tether (CRYPTO: USDT) is now looking to enter the Bitcoin mining space with a significant investment. In the past year, Tether's market cap has grown by 32.7%, reflecting its prominent presence in the cryptocurrency market. What...

Paxos, a crypto brokerage firm, has received preliminary authorization from Singaporean regulators to offer digital payment token services. What Happened: Following this in-principle approval from the Monetary Authority of Singapore under the Payments Services Act (PSA), Paxos has established a new...