Ant Group is taking a proactive step towards expanding its footprint in Asia’s burgeoning digital currency market. The company has indicated plans to seek stablecoin licenses in Hong […]
US Stablecoins Projected to Reach $2 Trillion by 2028
The US stablecoin market could reach a staggering $2 trillion in total value by the end of 2028, according to US Treasury Secretary Scott Bessent. Speaking during a […]
Bank of America Launches Own Stablecoin for Institutional Use
Bank of America has taken a decisive step towards integrating digital assets into the traditional financial system, announcing its plans to launch an internal stablecoin. This move signifies […]
FSL Launches New Stablecoin GGUSD, Backed By U.S. Treasuries
Find Satoshi Lab (FSL), known for its popular Web3 applications like Stepn, MOOAR, and Gas Hero, has launched a new stablecoin called GGUSD. This innovation offers stability and […]
Senators Raise Concerns About Meta’s Stablecoin Lobbying and Integration
Democratic Senators Elizabeth Warren and Richard Blumenthal have penned a letter to Meta, inquiring about the company’s lobbying activities related to the GENIUS Act and its potential involvement […]
South Korea Prepares Regulatory Framework for Stablecoins
South Korea’s central bank, the Bank of Korea (BOK), is working with relevant authorities to create a regulatory framework for stablecoins. This move seeks to ensure the stability […]
U.S. Senators Question Meta’s Stablecoin Plans Ahead of GENIUS Act Vote
U.S. senators are pressing Meta CEO Mark Zuckerberg for clarity regarding the company’s intentions to launch a stablecoin, amidst scrutiny over potential privacy risks and regulatory implications as […]
U.S. Senate Advances GENIUS Stablecoin Act, Paving Way for New Crypto Regulations
The U.S. Senate has taken a significant step towards regulating the crypto industry by approving a procedural vote for the ‘GENIUS Stablecoin Act’. This groundbreaking bill marks the […]
U.S. Senate Advances Stablecoin Regulation with GENIUS Act Passage
The U.S. Senate passed the Stablecoin Innovation and Regulation Act (GENIUS Act), a landmark step towards regulating stablecoins. The bill mandates full backing for large issuers and annual […]
Trump Administration Seeks to Bolster Dollar Dominance with Stablecoin Use
The Trump administration is actively promoting stablecoins as a key tool for reinforcing the US dollar’s position as the world’s dominant reserve currency. Scott Bessent, U.S. Treasury Secretary, […]
Stablecoin Demand May Exceed $2 Trillion, Impacting U.S. Debt, Treasury Secretary Warns
U.S. Treasury Secretary Janet Yellen raised concerns about the increasing demand for stablecoins pegged to U.S. Treasury bonds during a recent speech. According to Odaily, she highlighted the […]
Binance Launches RESOLV Stablecoin on HODLer Airdrops Platform, Triggers Market Surge
Binance has launched RESOLV, a new stablecoin backed by Ethereum and Bitcoin, on its HODLer Airdrops platform. This platform was created to reward BNB holders with 20 million […]
Stablecoin Bill Advances in US Senate; Final Vote Scheduled for June 16
The US Senate has cleared a crucial procedural hurdle, advancing major stablecoin legislation known as the GENIUS Act with a vote of 68-30. This marks a significant step […]
U.S. Senate Advances GENIUS Act for Stablecoin Regulation
The U.S. Senate took a significant step forward in regulating stablecoins by advancing the GENIUS Act on June 11th. This action, which followed cloture vote to clear the […]
Senate Advances GENIUS Act, Signaling Major Stablecoin Regulation
The U.S. Senate passed the GENIUS Act, a bipartisan bill aiming to regulate stablecoins, taking a significant step towards comprehensive regulatory changes for digital currencies. The legislation has […]