The Hong Kong government, in a press release on Wednesday, informed that a public consultation was launched on February 8, 2024, regarding legislative proposals for a licensing regime for providers of…
The world's leading stablecoin, Tether (USDT), is rapidly expanding its market dominance as it inches closer to a significant milestone. Tether's total assets are now on the verge of reaching…
Decentralized stablecoin protocol Reserve has launched on Coinbase's Layer 2 network, Base. This marks Reserve's first deployment on a network outside of Ethereum, Reserve said in a statement.
“Across both Ethereum…
In the ongoing legal battle between the Securities and Exchange Commission (SEC) and Binance, stablecoin issuer Circle has contended that regulatory frameworks for financial trading should not extend to stablecoins.
Circle,…
Payment processing giant Visa has unveiled its plans to expand its stablecoin settlement capabilities, embracing the Solana blockchain alongside its pre-existing features on Ethereum. In this strategic move, the company…
Coinbase has confirmed its intention to include PayPal's recently unveiled stablecoin, PYUSD, in its trading options starting from August 31, 2023, contingent upon meeting liquidity requirements.
Trading activities are scheduled to…
Argentina-based Num Finance has launched a stablecoin pegged to the Columbian peso. Called nCOP, the Polygon-based stablecoin aims at Columbia’s remittance market, which is pegged at $6.5 billion a year,…
Cryptocurrency custodian Prime Trust lost $8 million to the terraUSD algorithmic stablecoin, which collapsed in May 2022, leaving the investors with over $40 billion of losses. Of the $8 million…
The Monetary Authority of Singapore (MAS) on Wednesday announced new regulatory framework for stablecoins. The new regulatory framework is based on feedback received during its October 2022 public consultation, the…
Brian Brooks, a partner at Valor Capital Group, said he believes that well-defined regulations for stablecoins can benefit the U.S. dollar. This stands in contrast to certain U.S. legislators who…