There is growing urgency for global regulatory action regarding stablecoins, with international efforts to establish unified frameworks gaining momentum. The Financial Stability Board (FSB) under Andrew Bailey’s leadership […]
FSB Chair Urges Swift Action on Global Stablecoin Regulation
Financial Stability Board (FSB) Chair Andrew Bailey has emphasized the urgent need for global regulatory action concerning stablecoins, highlighting the risks associated with their rapid growth and potential […]
Tether Mints $1 Billion USDT to Bolster Liquidity Amidst Market Demand
Tether has issued a significant sum of US Dollar Tethers (USDT) totaling $1 billion, aiming to enhance market liquidity. This action by the company, led by CTO Paolo […]
Whale Activity Fuels WLFI Surge Amidst USD1 Stablecoin’s Rise
World Liberty Financial (WLFI) saw a remarkable price surge, driven by significant whale activity and the rapid growth of USD1 stablecoins. The token doubled in value following a […]
Stablecoin Gold Speculation: Could Tether Lead the Way?
Market speculation is swirling around stablecoins potentially becoming major buyers of gold, with renowned strategist Tom Lee’s comments adding fuel to the fire. At TOKEN2049 in Singapore, Lee […]
STABLE Protocol Launches Buyback Program to Boost Stablecoin Value
STABLE Protocol is taking action to boost the value and stability of its native token, STBL, by initiating a buyback program that starts in October. This program, spearheaded […]
Stablecoin Adoption Fuels Tokenization Boom: $IPO Presale Offers Early Access
The crypto market is witnessing a significant transformation. Stablecoins, according to a16z Crypto’s 2024 State of Crypto Report, have facilitated over $15.6 trillion in value transfers across blockchains, […]
Hong Kong Pursues RMB-Backed Stablecoins for Cross-Border Transactions
The Hong Kong Legislative Council has released a report examining the city’s financial landscape and advancements in technology, including the potential use of RMB-backed stablecoins for cross-border payments. […]
Major Banks Join Forces on a New Stablecoin Initiative
Financial expert Levi Rietveld has raised eyebrows with his observation that leading global banks are collaborating to develop a unified digital settlement instrument. His analysis highlights the potential […]
USDT Market Cap Surpasses $180 Billion: A New Record
Tether’s USDT stablecoin has hit a new milestone, reaching a staggering market capitalization of $180 billion. This significant surge is attributed to high minting activity on the Ethereum […]
Why USDe Defied LUNA’s Collapse
The collapse of Terra’s UST highlighted the risks of relying solely on algorithmic promises. USDe, built on real collateral and delta-neutral hedging, emerged as a stark contrast to […]
Paolo Ardoino Emphasizes Bitcoin and Gold’s Value as Long-Term Stores of Wealth
Tether CEO Paolo Ardoino recently emphasized the enduring value of both Bitcoin and gold, asserting their superior resilience compared to traditional currencies. In a concise statement shared on […]
Did Binance’s USDe Flash Crash Show a Real Stablecoin Depeg?
This past weekend, crypto markets experienced extreme volatility with prices swinging wildly. This volatility triggered panic and misinformation about Ethena’s USDe peg. The story circulated online of USDe […]
Binance’s Oracle Failure Triggers USDe Depeg, Exposing Flaws in CeFi and DeFi System Design
A sudden oracle failure on Binance caused USDe to plummet to $0.65, revealing major flaws in the centralized price systems of both CeFi and DeFi. This event exposed […]
Tether Remains Resilient Amidst Crypto Market Turbulence
In the wake of recent market turmoil that triggered a chaotic depegging event in crypto, Tether’s CEO, Paolo Ardoino, has underscored the stability and resilience of USDT. His […]