Some crypto executives are urging Congress to allow stablecoin issuers to pay interest on their tokens. This comes as lawmakers work on a bill to regulate these dollar-pegged […]
Itaú Unibanco Paves Way for Stablecoin Launch as Regulatory Landscape Evolves
Brazil’s largest bank by assets, Itaú Unibanco, is exploring the development of its own stablecoin. This move comes amid growing interest in blockchain technology and regulatory discussions surrounding […]
Justin Sun Reports $500M FDUSD Embezzlement Case in Hong Kong
Crypto industry figure Justin Sun has publicly accused First Digital Trust (FDT) of a massive $500 million embezzlement case involving stablecoin FDUSD. This shocking revelation, made on X […]
USDC Treasury Destroys Major Portion of its Reserves
A recent report by Whale Alert highlights the USDC Treasury’s significant action. The platform revealed that the Treasury destroyed over 50 million USDC tokens, worth roughly $50.04 million, […]
Ripple Incorporates Stablecoin into Cross-Border Payment System
Ripple has made a significant advancement in its mission to revolutionize global payments by integrating the $RLUSD stablecoin into its payment platform. This move aims to enhance enterprise […]
First Digital Files Lawsuit Against Justin Sun Over False Claims Regarding FDUSD
First Digital has announced plans to take legal action against Tron founder Justin Sun for making false claims about the stability of its USD-pegged stablecoin, FDUSD. After Sun’s […]
FDUSD Depegging Sparks Market Turmoil: Stability in Doubt
A sudden drop in the value of FDUSD, a USD-pegged stablecoin, triggered panic among investors and resulted in a 13% decline in its price. The incident saw Wintermute […]
Itaú Unibanco Considers Launching Stablecoin as Regulatory Landscape Evolves
Brazil’s leading bank, Itaú Unibanco, is weighing the creation of its own stablecoin, according to a report by Odaily. This potential move follows regulatory developments and a growing […]
Justin Sun Calls for Hong Kong Trust Reforms After TUSD Fund Crisis
Tron founder Justin Sun intervened with emergency funding after the stablecoin TrueUSD (TUSD) issuer, Techteryx, faced a liquidity crisis of $456 million due to illiquid investments. Although claiming […]
Ripple Payments Supercharged by RLUSD Integration
Ripple’s payments platform has received a significant boost thanks to the integration of RLUSD, a stablecoin designed with enterprise utility in mind. This integration marks a major step […]
U.S. House Approves Stablecoin Regulation Bill Amidst Political Scrutiny
The U.S. House Financial Services Committee has passed the Republican-led Stablecoin Transparency and Accountability for a Better Ledger Economy (STABLE) Act, paving the way for a full House […]
US House Passes STABLE Act: Regulating Stablecoin Market
The U.S. House of Representatives has passed the STABLE Act, a landmark legislation that will regulate payment stablecoins within the country. This move signifies increased regulatory clarity for […]
House Approves STABLE Act for Stablecoin Regulation: Key Takeaways
The U.S. House Financial Services Committee has approved the STABLE Act, a major step forward in regulating stablecoins. This bipartisan legislation provides enhanced oversight of these cryptocurrencies, reflecting […]
Bitso Launches MXNB Stablecoin on Arbitrum: Bringing Mexican Peso-Backed Fiat Solution to Global Markets
Leading cryptocurrency exchange Bitso has launched MXNB, a stablecoin pegged to the Mexican Peso. This stablecoin, issued and managed by Bitso’s subsidiary Juno, is now live on Arbitrum, […]
Ripple Rolls Out RLUSD for Enterprise Payment Efficiency
Ripple has integrated its new stablecoin, Ripple USD (RLUSD), into its enterprise payments solution, Ripple Payments, aiming to streamline cross-border transactions. The integration comes as the company seeks […]