Tron founder Justin Sun has declared that Hong Kong-based fiduciary firm First Digital Trust (FDT) is insolvent and unable to fulfill client redemption requests. This announcement comes amidst […]
SMBC, Ava Labs, Fireblocks Collaborate on Stablecoin Framework in Japan
A significant development has emerged within the Japanese financial landscape with a collaboration between Sumitomo Mitsui Financial Group (SMBC), TIS Inc., Ava Labs (developers of the Avalanche blockchain), […]
Sumitomo Mitsui Financial Group Launches Stablecoin in Collaboration with Ava Labs and Fireblocks
Japan’s second largest bank, Sumitomo Mitsui Financial Group (SMBC), is taking a significant leap into the cryptocurrency sector. According to recent news from Nikkei, SMBC will soon launch […]
Justin Sun Saves TUSD From Financial Collapse: How He Intervened During Crypto Crisis
Tron founder Justin Sun has played a critical role in averting a near-total collapse of the True USD (TUSD) stablecoin. Following accusations of mismanaged funds and potential fraud, […]
Bitso Launches MXNB Stablecoin on Arbitrum, Bringing Fiat-Backed Solution to Mexico’s Crypto Market
Mexican cryptocurrency exchange Bitso has launched MXNB, a stablecoin pegged 1:1 to the Mexican Peso. Issued and managed by its subsidiary Juno, MXNB is now live on Arbitrum, […]
Avalanche Stablecoin Surge Sparks Questions: Why is AVAX Price Lagging?
Avalanche has experienced a dramatic surge in stablecoin supply over the past year, yet its native token, AVAX, hasn’t seen the same price rebound. Experts suggest the reason […]
MNEE on 1SAT Launches Plugin to Simplify Blockchain Transactions
MNEE on 1SAT has released its new WhatsOnChain plugin for enhanced blockchain transaction visibility. This user-friendly tool makes exploring MNEE transactions more straightforward and accessible, especially for those […]
Bitso Launches Stablecoin on Arbitrum, Revolutionizing Mexican Remittances
Bitso, a leading cryptocurrency exchange in Mexico, has launched MXNB, a stablecoin pegged to the Mexican Peso. Issued by Bitso’s subsidiary Juno and operating on the Ethereum Layer-2 […]
Sumitomo Mitsui Launches New Stablecoin Project with Ava Labs & Fireblocks
Japan’s second-largest bank, Sumitomo Mitsui Banking Corporation (SMBC), has entered into a strategic partnership with leading blockchain companies Ava Labs and Fireblocks to develop a new stablecoin. The […]
Congress Holds Back on Stablecoin Interest in STABLE Act
The U.S. Congress has opted to maintain its stance against allowing stablecoin holders to earn interest, as per a report from PANews. Despite calls from the cryptocurrency industry […]
Unusual Bug Bounty Program Reaches New Heights With $16 Million Prize Pool
Usual, a decentralized stablecoin protocol, has partnered with blockchain security firm Sherlock to launch a record-breaking bug bounty program offering up to $16 million for vulnerabilities discovered in […]
Stablecoins Drive Growth in Emerging Market Remittances
Emerging markets are witnessing a surge in the use of stablecoins for cross-border remittances, as per data from Artemis released by Foresight News. The platform reveals that approximately […]
Sumitomo Mitsui Launches Stablecoin Experiment with Ava Labs and Fireblocks
Sumitomo Mitsui Financial Group, a prominent Japanese financial institution, has partnered with Ava Labs and Fireblocks to develop a fiat-pegged stablecoin. The project aims to explore the potential […]
Circle Seeks Public Listing on NYSE, Driven by Strong Stablecoin Revenue
Circle Internet Group, the issuer of USD Coin (USDC), has announced its intention to become a publicly traded company. On April 1st, the firm filed for an initial […]
Bitso Launches Peso-Backed Stablecoin on Arbitrum
Bitso, a prominent Mexican cryptocurrency exchange, has launched MXNB, a stablecoin pegged to the Mexican Peso. Managed by its subsidiary Juno, MXNB is now live on Arbitrum, an […]