A lawsuit against Tether has sparked debate about how stablecoin issuers handle law enforcement requests and control over user funds. A recent case involving Riverstone, a company alleging […]
Paxos’ $300T Error Shows Blockchain’s Transparency Advantage
The recent accidental minting of $300 trillion worth of the PayPal USD (PYUSD) stablecoin by Paxos, while concerning, provides a valuable case study on blockchain’s potential for revolutionizing […]
Paxos Accidentally Mints $300 Trillion PYUSD on Ethereum
A technical error at Paxos resulted in the accidental minting of $300 trillion PYUSD on Ethereum on October 15, 2025. The excess tokens were swiftly burned within a […]
Bank of England Reassures Stablecoin Regulation – Limits Set as Temporary Measures
The Bank of England has clarified that its temporary restrictions on stablecoin holdings and transaction sizes will be lifted once financial systems adapt. Deputy Governor Sarah Breeden stated […]
Bank of England Implements Temporary Restrictions on Stablecoins
The Bank of England and the Financial Conduct Authority (FCA) have imposed temporary limits on stablecoins to mitigate systemic risk, focusing on UK fintech regulation and innovation. This […]
UK’s BOE Signals Flexibility in Stablecoin Regulation: Limits are Temporary
The Bank of England is taking a pragmatic approach to regulating stablecoins, signaling that temporary restrictions on their use are designed for short-term stability and not permanent barriers. […]
Global Policymakers Consider Re-evaluation of Crypto Asset Standards as Stablecoin Usage Increases
Stablecoins, with their rapid growth, may prompt a reevaluation of banking capital standards for crypto assets by global policymakers, according to the chair of the Basel Committee on […]
Bank of England to Temporarily Limit Stablecoin Holdings
The Bank of England has proposed temporary restrictions on individuals and businesses holding stablecoins, aiming to mitigate risks associated with rapid adoption. Deputy Governor Sarah Breeden warned that […]
ODDO BHF Launches EUROD: A New Euro-Backed Stablecoin
French banking group ODDO BHF has officially entered the digital currency market with the launch of EUROD, a euro-backed stablecoin available on the Bit2Me exchange. The move aims […]
Paxos Addresses Technical Glitch in Stablecoin Issuance
An accidental minting of 300 trillion PYUSD stablecoins occurred earlier today at Paxos, a stablecoin issuer. The company quickly addressed the issue by destroying the excess tokens within […]
Stablecoin Market Reaches Historic $300 Billion Milestone
The stablecoin market has hit an unprecedented milestone, surpassing the $300 billion threshold for the first time in October 2025. This surge is primarily driven by major issuers […]
Sony Bank Seeks U.S. Trust Charter for Stablecoin Issuance and Management
Financial arm of Sony, Sony Bank, has officially requested a national trust bank charter from the U.S. Office of the Comptroller of Currency (OCC). This move aims to […]
Unprecedented Stablecoin Activity: Paxos Burns $300 Trillion Within Minutes
A shocking series of events unfolded on Wednesday when Paxos, the issuer of PayPal USD (PYUSD), unexpectedly minted and burned a staggering 300 trillion tokens in under half […]
Paxos Mint $300 Trillion in PYUSD, Then Burn It On Ethereum
A remarkable event unfolded on the Ethereum blockchain when Paxos minted a staggering $300 trillion in PYUSD stablecoins before burning them all within 20 minutes. This sudden and […]
Gemini Integrates USDT & USDC Transfers on Solana
Gemini Exchange has launched the ability to transfer stablecoins USDT and USDC directly onto the Solana blockchain, enabling customers to access enhanced speed and efficiency for transactions starting […]