Latest News and Articles about Stablecoin
U.S. Banks Set to Launch Stablecoin, Challenging USDT and USDC Amid Regulatory Shifts
U.S. Banks Plan to Launch New Stablecoin to Compete with USDT and USDC Amid Regulatory Changes In a bold move that could disrupt the $245 billion stablecoin market, major U.S. banks are planning to launch their own digital currency. This initiative follows the Senate’s progress on the GENIUS Act, aimed at regulating stablecoins amidst growing […]
Read MoreTether’s $120B Treasury Holdings Outrank Germany, 19th Globally
Tether’s $120 Billion Treasury Stash Surpasses Germany, Ranks 19th Globally Tether, the powerhouse behind the stablecoin USDT, has made headlines by surpassing Germany to become the 19th-largest holder of US government debt, with a staggering $120 billion in US Treasuries. This milestone underscores the growing impact of cryptocurrency firms on traditional finance, but it also […]
Read MoreTether on TRON Hits $75B, Dominates Stablecoin Market
Tether on TRON Surpasses $75 Billion, Leading Stablecoin Activities Tether (USDT) on the TRON blockchain has hit a significant milestone, reaching over $75 billion in circulation, solidifying TRON’s position as the leading platform for stablecoin transactions. Tether on TRON exceeds $75 billion TRON leads in global USDT supply Over 8.3 million daily transactions T3 Financial […]
Read MoreDonald Trump’s World Liberty Financial Approves USD1 Airdrop with 99.96% Support
World Liberty Financial’s USD1 Airdrop: Testing Trust and Tech with Donald Trump’s Backing World Liberty Financial, a project backed by Donald Trump, has approved a proposal to airdrop its USD1 stablecoin to WLFI token holders, signaling a move to test smart contract functionality while rewarding early supporters. Proposal passed with 99.96% approval USD1 airdrop to […]
Read MoreGnosis Buys HQ.xyz for $15M, Boosts Onchain Banking in Asia
Gnosis Acquires HQ.xyz for $15M, Advancing Onchain Business Banking Gnosis has boldly acquired Headquarters (HQ.xyz) for $14.95 million, marking a significant step towards enhancing onchain banking solutions and expanding into Asia with a focus on stablecoin payments. Gnosis acquires HQ.xyz for $14.95 million Expansion into Asia, starting in Singapore Integration of self-custodial Visa cards and […]
Read MoreBrazil Explores Yuan-Backed Bonds and Tightens Stablecoin Rules Amid Crypto Surge
Brazil Explores Yuan-Backed Bonds Amid New Stablecoin Transfer Restrictions Brazil is making bold strides in the financial world, considering the issuance of Panda Bonds while tightening regulations on stablecoin transfers. With a significant 45% increase in cryptocurrency imports from January to August 2023, Brazil’s financial landscape is evolving rapidly. These moves highlight the country’s strategic […]
Read MoreSolana Eyes $200-$250 Surge as Mutuum Finance Presale Soars Past $8M
Solana’s Bullish Outlook and Mutuum Finance’s Presale Success Solana (SOL) is poised for another surge, with analysts predicting it could reach the $200-$250 range in the next bull run. Meanwhile, Mutuum Finance (MUTM) is making headlines with its innovative features and a presale that has raised over $8.1 million, attracting over 9,800 holders. Solana projected […]
Read MoreSenate Rejects Stablecoin Bill Amid Partisan Clash and Trump Concerns
Senate Clash Stalls Stablecoin Legislation Progress The U.S. Senate’s effort to establish a regulatory framework for stablecoins, digital currencies designed to have a stable value, faltered due to partisan tensions and concerns over former President Donald Trump’s crypto involvement. The Genius Act, which aimed to address the unclear legal status of the $246 billion stablecoin […]
Read MoreMeta Reenters Stablecoin Arena with Instagram Payouts in Sight
Meta Rekindles Stablecoin Ambitions Amid Regulatory Shifts Meta Platforms is re-entering the stablecoin market, engaging in early-stage discussions with crypto firms to integrate these digital assets into its platforms for cost-effective cross-border payments. This move follows the abandonment of the Diem project and coincides with significant growth in the stablecoin market, now valued at over […]
Read MoreUSD1 Stablecoin Skyrockets 1,540%: Can It Hold Its Dollar Peg Amid Rivals?
USD1 Stablecoin Surges 1,540%: Can It Maintain Its Peg Amidst Competition? The USD1 stablecoin, launched by World Liberty Financial Inc. (WLFI) with ties to former U.S. President Donald Trump, has seen its market capitalization skyrocket from $128 million to over $2.1 billion in just a week. This meteoric rise, fueled by a $2 billion investment […]
Read MoreGENIUS Act Fails 49-48 in Senate, Stablecoin Regulation in Jeopardy
GENIUS Act Stalls After 49-48 Senate Vote, Stablecoin Framework in Limbo The GENIUS Act, designed to establish a regulatory framework for payment stablecoins, faced a setback when the U.S. Senate rejected it with a close 49-48 vote. This defeat has left the future of stablecoin regulation uncertain and could lead to a patchwork of state-level […]
Read MoreUS Senate Blocks GENIUS Act: Stablecoin Regulation Stalls, Hope for Revival Next Week
Breaking: Major Stablecoin Bill Fails to Advance in US Senate The US Senate’s failure to push forward the GENIUS Act, a key piece of legislation aimed at regulating the stablecoin sector, marks a significant setback for cryptocurrency enthusiasts. The bill, which sought to provide regulatory clarity, did not secure the necessary 60 votes for cloture, […]
Read MoreTrump’s Crypto Ventures Spark Fierce US Regulation Debate
Trump Ties Ignite New Crypto Regulation Showdown The U.S. Congress is grappling with heightened tensions over cryptocurrency regulation, fueled by former President Donald Trump’s involvement in the crypto industry. House Democrats and Republicans are sharply divided in their approaches, with rival roundtables highlighting their contrasting views on how to regulate digital assets. House Democrats and […]
Read MoreTether Boosts $8B USDT Supply Amid Crypto Volatility, Eyes Market Dominance
Tether Mints $8 Billion USDT, Strengthening Market Liquidity and Dominance Tether, the powerhouse behind the USDT stablecoin, has minted an additional $8 billion worth of USDT, pushing the total supply to a new high of $149.4 billion. This strategic move comes amidst heightened volatility in the cryptocurrency market, bolstering Tether’s dominance in the stablecoin sector. […]
Read MoreDemocrats Walk Out of Crypto Hearing Over Trump’s Digital Currency Ties
Democrats Walk Out of U.S. Crypto Regulation Hearing Over Trump’s Cryptocurrency Ties During a U.S. House hearing focused on shaping the future of cryptocurrency regulations, Democrats, led by Representative Maxine Waters, staged a dramatic walkout to protest President Donald Trump’s involvement in digital currencies, particularly his ties to the TRUMP coin and the proposed “U.S. […]
Read MoreRipple’s RLUSD Expands Reach with Gemini Listing and $25M Education Donation
Ripple’s RLUSD Gains Traction with Gemini Listing and Major Educational Donation Ripple’s stablecoin RLUSD has secured a significant listing on Gemini, a prominent US-based cryptocurrency exchange known for its robust security and regulatory compliance. In a parallel move, Ripple has donated $25 million in RLUSD to support US education, showcasing the company’s dedication to both […]
Read MoreTether’s New US Dollar Stablecoin Aims to Rebrand and Boost Crypto Market
Tether Plans New US Dollar-Pegged Stablecoin Amid Rebranding Efforts Tether, once a shadowy player in the crypto world, is boldly stepping into the US market with a new dollar-pegged stablecoin. This move is part of a broader strategy to reshape its image, distancing itself from past associations with criminal activities and towards a cooperative stance […]
Read MoreRipple’s $20B Bid for Circle: Shaping the Future of USDC and Stablecoins
Ripple’s $20 Billion Bid for Circle: Impact on USDC and the Crypto Market Ripple’s reported $20 billion offer to acquire Circle, the issuer of the stablecoin USDC, has ignited discussions about the future of stablecoins and the strategic maneuvers of major industry players. Ripple’s $20B offer for Circle Circle’s IPO plans and valuation Coinbase’s stake […]
Read MoreMastercard Launches Stablecoin Payment System with OKX, Nuvei, and USDC Support
Mastercard Pioneers End-to-End Stablecoin Payments System Mastercard launches a revolutionary stablecoin payment system. Partnerships with OKX, Nuvei, and major crypto platforms. Merchants can accept Circle’s USDC stablecoin. Multi-Token Network (MTN) enables real-time payments. MetaMask introduces a new Metal Payment Card. Mastercard has boldly stepped into the financial future with the launch of an innovative end-to-end […]
Read MoreCoinbase and PayPal Partner to Boost PYUSD Adoption and Explore Crypto Payments
Coinbase and PayPal Join Forces to Boost PYUSD and Explore Crypto Payment Frontiers The global stablecoin market is valued at over $238 billion, and PYUSD is poised to make a significant impact. Coinbase, a leading US-based cryptocurrency exchange, and PayPal have announced a strategic partnership aimed at enhancing the adoption and usability of PayPal’s stablecoin, […]
Read MoreCitigroup Predicts Stablecoin Market to Hit $1.6T by 2030, Eyes Global Impact
Citigroup Projects Stablecoin Market to Surge to $1.6 Trillion by 2030 Citigroup’s Citi Institute foresees a dramatic expansion of the stablecoin market, projecting a total supply of up to $1.6 trillion by 2030 in a base case scenario, potentially reaching $3.7 trillion under more favorable conditions. While this growth heralds new possibilities for global finance, […]
Read MoreTrump’s Crypto Push: Gala for $TRUMP Holders, Truth.Fi ETFs, and Stablecoin Plans Unveiled
Trump’s Bold Move: Gala for $TRUMP Holders and Expansion of Crypto Strategy Donald Trump is diving headfirst into the world of cryptocurrency with a strategy that includes hosting a gala for $TRUMP holders, launching Truth.Fi ETFs, and backing a new stablecoin project, aiming to position the U.S. as a “crypto capital.” Gala for $TRUMP holders […]
Read MoreECB Urges EU to Revise MiCA Amid Fears of U.S. Stablecoin Dominance
ECB Urges EU to Revise MiCA Amid U.S. Stablecoin Legislation Concerns The European Central Bank (ECB) is urging the European Union (EU) to reconsider its Markets in Crypto-Assets (MiCA) regulation due to concerns over potential threats posed by U.S. stablecoin legislation. MiCA, or Markets in Crypto-Assets regulation, is a set of EU rules designed to […]
Read MoreBank of America Launches Stablecoin to Rival USDC and USDT, Lobbies for Bank-Only Issuance
Bank of America Enters Stablecoin Market with ‘Bank of America Coin’: A Strategic Move to Compete with USDC and USDT Bank of America is launching its own stablecoin to compete with USDC and USDT. The bank is lobbying for regulations to restrict stablecoin issuance to banks only. This move could reshape the stablecoin market and […]
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