Stablecoin Financial News

24.08 / 20:55

business Stablecoin Investments Bankruptcy Terra Lost Prime Trust parent company lost $8M investing in TerraUSD

The parent company of crypto custodian Prime Trust, currently involved in Chapter 11 bankruptcy proceedings, has reported losing roughly $8 million in client and treasury funds through TerraUSD investments.

24.08 / 10:45

business Stablecoin Adoption Tokens Nigerian crypto exchange's token launch draws scrutiny

Patricia, a Nigerian cryptocurrency exchange, has revealed the introduction of its own native token named Patricia token (PTK). However, this launch has generated more doubt than applause within the local cryptocurrency community.

23.08 / 13:21

Citi Stablecoin CBDC Citi Bank Report: Most Global Security Firms Back CBDCs For Faster Payments

A new research conducted by banking giant, Citi, shows that most financial institutions are leaning toward adopting Central Bank Digital Currencies (CBDCs) for faster global payments.

22.08 / 02:03

UPS Stablecoin Citizens Bitcoin Inside Stablecoin Buying Rises in Argentina as Peso Tumbles

Industry insiders claim Argentina is experiencing a rise in stablecoin buying as black market dollar market prices spiral upward.

21.08 / 14:43

business Blockchain Ethereum Stablecoin Adoption PayPal PayPal’s new PYUSD stablecoin faces legal headwinds and ‘less functionality’

Although a clear regulatory framework for digital assets has yet to be established in the United States, PayPal — one of America’s largest financial technology companies — announced on Aug. 7 its U.S. dollar-pegged payment stablecoin, PayPal USD (PYUSD).

19.08 / 07:35

Blockchain Stablecoin defi Altcoin ConsenSys Curve Finance L2 Defi Hack Curve Finance to reimburse users, another DeFi hack, and ConsenSys launches L2: Finance Redefined

Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you the most significant developments from the past week.

18.08 / 17:21

Stablecoin Tether USDT coinbase USDC Coinbase Halts USDT Trading for Canadian Users Starting August 31

In an email dated August 17, Coinbase, a cryptocurrency exchange, revealed its decision to halt trading of Tether USDT, Dai DAI, and RAI stablecoins for Canadian users starting August 31.

18.08 / 17:07

business Blockchain Stablecoin defi Web3 How can stablecoins transform SMEs in developing economies?

Small businesses in developing countries face many financial challenges that stablecoins can address. DLTPAY, a Web3 payment and DeFi platform, offers a unified solution to access stablecoin operations and other Web3 services.

17.08 / 20:51

Blockchain Stablecoin Bitcoin Tether discontinues Bitcoin stablecoin, citing lack of usage

The issuer of stablecoin Tether (USDT) will discontinue its Bitcoin (BTC) Omni Layer version, citing lack of interest from users. This Bitcoin version of Tether was one of the first stablecoins ever created. The Bitcoin Cash (BCH) and Kusama (KSM) versions will also be discontinued, according to an August 17 announcement from the team.

17.08 / 13:51

business Law Stablecoin Adoption PayPal Tether Usd Coin PayPal’s stablecoin opens door for crypto adoption in traditional finance

Global payment processing giant PayPal announced its United States dollar-pegged payment stablecoin called PayPal USD (PYUSD) on Aug. 7.

16.08 / 09:57

Stablecoin regulation USDT Circle USDC market decline Stablecoin Firm Circle's Chief Strategy Officer Urges Legislation Amidst USDC Market Decline

Circleis advocating for federal legislation regarding stablecoins amid the volatility in its USD Coin (USDC) after some bank failures earlier this year.

15.08 / 09:37

Stablecoin regulation Singapore central bank says three business days is ‘timely transfer’ for stablecoins

While blockchains continue to revolutionize payments by allowing instant transfers, Singapore’s central bank believes that three business days is a "timely transfer" for single-currency stablecoins (SCS), which is similar to transfer speed requirements for domestic money transfers.

15.08 / 06:35

Stablecoin regulation Altcoin Framework regulatory Singapore central bank releases regulatory framework for stablecoins

Singapore's central bank has released a revised regulatory framework aimed at ensuring stability for single-currency stablecoins (SCS) regulated in the city-state.

15.08 / 03:13

Ethereum Stablecoin Adoption ETF PayPal Bitcoin Regulation Bitcoin analysts Analysts tip 5 catalysts that could break Bitcoin, crypto from its stupor

A potential wave of spot Bitcoin exchange-traded funds, PayPal’s new stablecoin and a key Ethereum upgrade are among the catalysts that could wake crypto from its hibernation.

14.08 / 01:21

Ethereum Stablecoin defi Hackers hacks Altcoin Curve Finance Zunami Protocol confirms stablecoin pools attacked, $2.1M loss estimated

Decentralized finance protocol Zunami Protocol has confirmed it has encountered an attack on its “zStables” pool on Curve Finance.

11.08 / 22:43

Stablecoin PayPal Bank of America PYUSD NOT Bank of America Says PayPal’s Stablecoin Will Not Record Significant Adoption In The Coming Months

A new report by the Bank of America suggests that PayPal’s new stablecoin, PYUSD will not record the projected adoption in the near term citing tougher competition and indifference of investors.

10.08 / 18:49

Stablecoin CBDC Circle USDC Future Circle CEO Urges On-Shore Stablecoin Development for the Future of Finance

Resharing Circle's video ad tweet, Jeremy Allaire, the CEO of Circle, emphasized the critical need to accelerate the progress of the digital dollar and Stablecoin development. His message highlights that this advancement is essential for maintaining the strength of the US dollar.

10.08 / 17:47

business Stablecoin Altcoin Circle Usd Coin Deal Circle preps $1B war chest to deal with market threats from PayPal and others

Stablecoin issuer Circle has a $1 billion cash reserve pegged as insurance against a declining market capitalization and fresh competition from the traditional finance and technology industries, said CEO Jeremy Allaire.

10.08 / 16:19

business Stablecoin regulation economy Reserve Stablecoins could be key to upholding US dollar’s global reserve status: WSJ op-ed

Stablecoins are at the heart of a dollar-based revolution and could be a pivotal factor in keeping the U.S. dollar the dominant global currency, according to an Aug. 9 opinion piece published in The Wall Street Journal.

10.08 / 13:53

Stablecoin CBDC Bank of England HM Treasury Bank of England Forms Digital Pound Advisory Group to Shape CBDC Design

Announced on the Bank's Website on Wednesday, the Bank of England (BoE) has established a digital pound advisory group named the CBDC Academic Advisory Group (AAG) and is actively seeking specialists to join this group as the nation enters the CBDC design phase.

10.08 / 05:23

Stablecoin PayPal Congress legislation regulatory approval regulatory Congresswoman Maxine Waters Criticizes PayPal's Entry into Dollar-Pegged Stablecoin Arena Without Federal Regulatory Approval

On Wednesday, Democratic Congresswoman Maxine Waters (D-CA) criticized PayPal's launch of its new dollar-backed stablecoin, PYUSD, as she believed the company should have waited for federal regulatory approval before proceeding.

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