China is taking a more active stance in the stablecoin market, with reports suggesting they may soon authorize yuan-pegged stablecoins for global use. This decision comes as the […]
US Banks Seek Changes to Stablecoin Law as Crypto Lobby Pushes Back
Banks are proposing amendments to the GENIUS Act, a stablecoin law, facing strong resistance from crypto industry groups like the Crypto Council for Innovation and Blockchain Association. These […]
Tether Mints $1 Billion USDT on Ethereum: Impacting DeFi Ecosystem
A major event has occurred on the Ethereum network, with Tether mint a staggering $1 billion in USDT. This substantial addition to the stablecoin ecosystem is poised to […]
Crypto Groups Clash With Banks Over New Stablecoin Law
A new law designed to regulate stablecoins, known as the GENIUS Act, has triggered a clash between cryptocurrency advocates and traditional banking institutions in the US. Signed into […]
Tether Gains Quasi-Sovereign Status: Impacting Markets & Stablecoins
Tether has been labeled as a quasi-sovereign allocator due to its substantial holdings of U.S. Treasuries, marking a significant shift in the cryptocurrency landscape. This designation elevates Tether’s […]
Binance’s 250M USDT Savings Quota Quickly Sold Out
Binance’s Plasma Fixed Savings product reached its 250 million USDT quota within a short time, demonstrating strong demand from both individual and institutional investors. This rapid sell-out signifies […]
China mulls first Yuan-Pegged Stablecoin: Could shift global payment flows
Amid a growing international push for stablecoins tied to the US dollar, China is considering allowing the use of yuan-backed stablecoins for the first time. This move would […]
China Approves Yuan-Backed Stablecoins: Impact on Global Crypto Market
China is set to potentially approve yuan-backed stablecoins, a significant move with far-reaching implications for the global crypto market. This policy shift marks a departure from China’s previous […]
Federal Reserve Governor Supports AI and Stablecoins in Finance
Federal Reserve governor Christopher J. Waller has voiced support for the use of artificial intelligence (AI) and stablecoins to drive economic growth, advocating for public-private collaboration in this […]
China Approves Yuan-Backed Stablecoin Plans, Reshaping Global Crypto Finance
China may soon greenlight yuan-backed stablecoins, marking a potential turning point in global cryptocurrency finance. The State Council is reportedly set to approve a roadmap by the end […]
Ripple’s Workshop Highlights the Crucial Role of Custody in Stabilizing the Future of Stablecoins
A recent workshop by Ripple and the Blockchain Association of Singapore (BAS) emphasized the critical role of custody in driving stablecoin adoption. With over 70% of financial institutions […]
Bo Hines Joins Tether as U.S. Strategy Head, Driving Regulatory Advancements
Blockchain company Tether has appointed former White House Crypto Council Executive Director Bo Hines to lead its US strategy. This move aims to navigate the increasingly complex regulatory […]
China Eyes Yuan-Backed Stablecoins for Global Currency Expansion
China’s stance on cryptocurrency is shifting drastically, as they are considering introducing Yuan-backed stablecoins to expand global use for the yuan. This move signifies a major departure from […]
China to Legalize Yuan-Pegged Stablecoins by 2025: Impact on Global Crypto Markets
China’s State Council is preparing to legalize yuan-pegged stablecoins by August 2025, a significant shift in its regulatory approach to cryptocurrencies following the 2021 ban. This move marks […]
Ripple’s RLUSD Gains Traction Amidst Regulatory Shift
Ripple’s RLUSD stablecoin is experiencing unprecedented growth thanks to the recent regulatory breakthrough from the Office of the Comptroller of the Currency (OCC). The OCC has opened the […]