Stablecoin protocol Usual has pushed the boundaries of cryptocurrency security by launching a $16 million bug bounty program alongside blockchain security firm Sherlock. This unprecedented initiative surpasses Uniswap’s […]
SMBC Partners with Ava Labs to Issue Stablecoins in Japan
Japan’s second-largest bank, Sumitomo Mitsui Banking Corporation (SMBC), is joining forces with blockchain technology company Ava Labs to launch stablecoins within the country. This move aligns with Japan’s […]
Sumitomo Mitsui to Launch Fiat-Pegged Stablecoin in Japan
Sumitomo Mitsui Financial Group (SMFG) is set to develop a fiat-pegged stablecoin for use within Japan’s digital payment infrastructure. This move signals a growing institutional interest in cryptocurrencies […]
SMFG Partners with Fintech Leaders to Explore Stablecoin Commercialization
Sumitomo Mitsui Financial Group (SMFG), in collaboration with Sumitomo Mitsui Banking Corporation (SMBC), TIS, Ava Labs, and Fireblocks, has formed a strategic alliance to explore the commercial potential […]
Tether Adds $735 Million to Bitcoin Reserves with Latest Acquisition
Tether, the issuer of the world’s leading stablecoin USDT, has just made a significant investment in Bitcoin, purchasing 8,888 BTC worth approximately $735 million. This latest acquisition was […]
Circle Warns of Potential Risks Associated with USDT Stablecoin
A recent filing by Circle highlights potential risks tied to its USD Tether (USDT) stablecoin, according to PANews and Bloomberg analyst James Seyffart. The S-1 document reveals Circle […]
Stablecoin Debate Heats Up as Lawmakers Clash Over Consumer Returns
The cryptocurrency market is experiencing a heated debate regarding stablecoins and their potential impact on the financial landscape. This clash centers around the issue of consumer earnings with […]
Cardano’s Price Soars After Integration with Ripple’s Stablecoin
Following a recent market downturn, Cardano’s price has shown signs of recovery, reaching new heights thanks to the integration of Ripple’s stablecoin, RLUSD. This move is anticipated to […]
Coinbase’s Stablecoin Proposal Faces Regulatory Hurdles
A major push for interest-bearing stablecoins at Coinbase has encountered roadblocks within the U.S. legislative landscape. While Brian Armstrong, CEO of Coinbase, advocates for these types of stablecoins, […]
Bitso Launches Mexican Peso-Backed Stablecoin on Arbitrum
Bitso, a leading cryptocurrency exchange based in Mexico, has launched MXNB, a stablecoin pegged to the Mexican Peso. The stablecoin is issued and managed by Bitso’s subsidiary Juno, […]
Bitso Launches MXNB Stablecoin on Arbitrum for Faster Mexican Remittances
Bitso, a leading cryptocurrency exchange based in Mexico, has launched MXNB, a stablecoin pegged to the Mexican Peso. This stablecoin, issued and managed by Bitso’s subsidiary Juno, is […]
SMBC Set to Launch Stablecoin Project in Collaboration with Avalanche
Sumitomo Mitsui Financial Group, parent company of Japan’s second-largest bank Sumitomo Mitsui Banking Corporation, is preparing to launch its own stablecoin. This initiative will involve collaboration with the […]
Binance Suspends USDT Trading in EEA to Align with MiCA Regulations
Binance has paused all USDT spot trading operations within the European Economic Area (EEA) in response to MiCA regulatory requirements. The move aims to comply with MiCA, a […]
Ripple’s RLUSD Achieves Highest Capital Efficiency Among Crypto Stablecoins
Ripple’s RLUSD stablecoin has demonstrated remarkable performance in the cryptocurrency market, particularly its efficiency in capital utilization. According to X sources, RLUSD boasts a staggering 37% volume-to-total value […]
Binance Halts Tether Trading in Europe to Comply with MiCA
Cryptocurrency exchange, Binance, has officially stopped trading Tether (USDT) and eight other stablecoins within the European Economic Area (EEA). This move follows the implementation of MiCA, a new […]