Ripple has scored a major win, securing regulatory approval for its USD-backed stablecoin, RLUSD, in Abu Dhabi. The Financial Services Regulatory Authority (FSRA) of the Abu Dhabi Global […]
Circle Mints $1.25 Billion USDC in Market Amidst Activity
Circle recently mints a substantial amount of USDC, totaling $1.25 billion. According to on-chain monitoring by Lookonchain, this action follows market activity that saw Tether and Circle jointly […]
Kyrgyzstan Launches Gold-Backed USDKG Stablecoin for Modernizing Cross-Border Payments
Kyrgyzstan has introduced USDKG, a gold-backed stablecoin pegged to the U.S. dollar with an initial issue of $50 million. The stablecoin is being launched on the Tron blockchain […]
Tether Pulls Out of Uruguay Project, Exiting High-Cost Infrastructure Deal
Tether’s ambitious infrastructure plans in Uruguay have been abruptly halted after failed negotiations with the local energy provider and a dispute over stablecoin ratings. The company has withdrawn […]
Do Kwon Seeks Five-Year Prison Sentence in Terra/Luna Case
Do Kwon, co-founder of Terraform Labs, has requested a reduced five-year prison sentence in connection with the collapse of TerraUSD and Luna. This plea bargain comes after admitting […]
Ripple Secures Key Regulatory Approval in Abu Dhabi’s Financial Hub
Ripple has achieved a significant milestone in its push to integrate cryptocurrencies into traditional finance, securing acceptance of its dollar-linked stablecoin, RLUSD, within the Abu Dhabi Global Market […]
Ripple’s RLUSD Gains Regulatory Approval in Abu Dhabi’s Financial Hub
Ripple has received a significant boost to its stablecoin, RLUSD, with the Abu Dhabi Global Market (ADGM) recognizing it as an Accepted Fiat-Referenced Token. This recognition opens doors […]
Stablecoin Supply Soars on Monad Chain
The Monad blockchain experienced a significant increase in stablecoin supply, jumping by an astonishing $3.8 billion within the last 24 hours, according to recent data from Artemis.
Ripple’s RLUSD Stablecoin Receives Regulatory Approval for Institutional Use in Abu Dhabi
Ripple has secured regulatory approval for its US dollar-pegged stablecoin, RLUSD, allowing institutional firms to use it within Abu Dhabi’s financial market. The decision from the Financial Services […]
S&P Downgrades Tether’s Stability Rating: Implications for Crypto Market
S&P Global Ratings has issued a significant downgrade to Tether (USDT), the world’s most used stablecoin, marking a rare and unprecedented event in the stablecoin market. This decision […]
Ripple’s RLUSD Stablecoin Gains Regulatory Approval in Abu Dhabi
Abu Dhabi has granted official recognition to Ripple’s RLUSD stablecoin, positioning it as a regulated digital asset within the ADGM financial hub. The Financial Services Regulatory Authority (FSRA) […]
Monad Takes the Helm: Stablecoin Supply Shifts to New Leader
Monad has surged ahead of Ethereum in 24-hour stablecoin supply changes, marking a significant shift in the blockchain landscape. According to recent data, Monad experienced a record $3.8 […]
Visa Teams Up with AquaNow for Faster Stablecoin Settlements in CEMEA
Visa has partnered with AquaNow to streamline stablecoin settlements within the Central and Eastern Europe, Middle East, and Africa (CEMEA) region. This collaboration aims to reduce transaction friction […]
S&P Downgrades Tether Stablecoin Rating: Bitcoin Exposure Exceeds Safety Margin
Credit rating agency S&P Global has downgraded Tether’s USDT stability assessment to the lowest possible score of 5, signifying a significant risk. The agency cited rising exposure to […]
Tether’s Stability in Question: S&P Downgrade Sparks Controversy
S&P has lowered Tether’s USDT rating, citing concerns about the cryptocurrency’s backing and Bitcoin holdings. While Tether maintains its profitability and proposes a new financial model, experts raise […]