Circle Internet Financial is relying on a cash reserve of more than $1 billion to navigate increasing competition from non-crypto entities like PayPal Holdings Inc. This move comes as the…
Digital payments giant PayPal announced the launch of its own stablecoin, denominated as PayPal USD (PYUSD). This Ethereum-powered digital token, pegged to the value of the US dollar, is set…
Cryptocurrency exchange Binance has taken significant measures to safeguard its consumers and improve the market. The introduction of Seed Tags and Monitoring Tags has recently solved the issues associated with…
The Financial Stability Board (FSB), an international agency entrusted with overseeing the global financial system, has announced the release of a complete worldwide regulatory framework for cryptocurrencies.
This framework, which has…
A new policy proposal suggests that the Hong Kong government should introduce its own stablecoin, HKDG, backed by its substantial foreign exchange reserves. The proposal, co-authored by prominent figures including…
Tether, the leading stablecoin issuer, has released a comprehensive response addressing recent media reports regarding its previous holdings of Chinese securities. In an official statement, the company vehemently denied any…
JPMorgan has emphasized the crucial role of stablecoins in the recovery of the cryptocurrency market. The report suggests that until the contraction of the stablecoin universe comes to a halt,…
In a highly anticipated hearing on stablecoins, the House Committee on Financial Services Subcommittee on Digital Assets, Financial Technology, and Inclusion engaged in a spirited debate over the appropriate level…
Republican lawmakers are pushing for a new bill to strip the Securities and Exchange Commission (SEC) of its regulatory power over payment stablecoins. The move comes amid growing frustration over…
Societe Generale's crypto arm, Forge, is set to launch a new euro stablecoin called "CoinVertible" on the Ethereum blockchain. The stablecoin will bridge the gap between traditional capital markets and…