Stablecoin Financial News

22.06 / 19:23

business Blockchain Technology Stablecoin Investments TrueUSD TrueUSD assures users it has no exposure to troubled Prime Trust

On June 22, TrueUSD announced on Twitter that its TUSD stablecoin had “no exposure” to the troubled Prime Trust, which is reportedly facing regulatory challenges.

20.06 / 16:11

Stablecoin defi Investments Curve Finance Reserve stake Stablecoin protocol Reserve invests $20M in Convex, Curve and Stake DAO

Stablecoin protocol Reserve is investing $20 million into the governance tokens of yield farming apps Curve (CRV), Convex (CVX) and Stake DAO (SDT), according to a June 20 announcement. The investment is intended to increase the liquidity of Reserve’s stablecoins, called RTokens. It will also increase Reserve's voting power within these apps’ governance systems.

18.06 / 16:17

Stablecoin Binance BUSD Binance BUSD Drops $1 Billion in Market Cap, Falls to Fourth Among Stablecoins – What's Going On?

Binance-branded BUSD stablecoin has lost another $1 billion in market cap, descending to the fourth position among stablecoins.

17.06 / 21:13

business Stablecoin Binance Altcoin Paxos Binance USD BUSD falls to fourth position among stablecoins

The dollar-pegged Binance USD (BUSD) stablecoin sits now at the fourth position in market capitalization among other stablecoins following a dip of over $1 billion in the past 30 days, data from CoinMarketCap shows.

16.06 / 20:37

Blockchain Stablecoin defi Hackers hacks Usd Coin Curve pool imbalance triggers USDT depeg concerns: 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.

16.06 / 14:39

Blockchain Stablecoin Tether Media reports USDT issuer Tether responds to Chinese securities exposure reports

Stablecoin-issuer Tether has published a lengthy response to reports that the reserves of Tether (USDT), one of the largest stablecoins, once included securities issued by Chinese companies.

16.06 / 03:12

Blockchain Stablecoin defi Tether Curve Finance Curve pool imbalance triggers USDT depeg concerns, Tether CTO calls it FUD

Tether-issued USDT (USDT) stablecoin slightly deviated from its dollar peg value on June 15 due to an imbalance in the Curve 3pool. The price of USDT fell by 0.3% to around 0.997 as the USDT weightage in the curve 3pool increased to over 70% from the ideal 33.1%.

13.06 / 21:14

Stablecoin Circle legislation House Financial Services lawmakers Stablecoin Bill Circle CEO Allaire Puts Pressure on House Lawmakers To Pass a Stablecoin Bill

The CEO of stablecoin issuer Circle has put pressure on lawmakers to pass a stablecoin bill and get it signed by President Joe Biden as other countries forge ahead.

13.06 / 11:49

Stablecoin regulation SEC AIM 2024 Hong Kong and the US aim for stablecoin regulations by 2024

The Hong Kong Monetary Authority has completed a public consultation on stablecoin regulations with an aim to introduce clear regulatory guidelines around the stablecoin market by the end of 2024.

13.06 / 05:01

business Law Stablecoin Court Terra class action Jump Trading seeks to move Terra class action suit to California

Algorithmic and high-frequency trading firm Jump Trading is seeking to have the class action lawsuit against the firm moved from Illinois to a Northern district court in California, arguing that it would significantly speed up legal proceedings.

12.06 / 12:41

Blockchain Ethereum Stablecoin Tether Bitfinex Tether CTO clarifies $1B USDT mint on Ethereum is for chain swaps

Tether minted a fresh batch of $1 billion worth of its Tether (USDT) stablecoin on the Ethereum blockchain on June 12. The latest billion-dollar mint for the stablecoin issuer comes within two months of its last mint on April 21.

11.06 / 14:15

Stablecoin TrueUSD TrueUSD Loses Dollar Peg Following Minting Suspension with Prime Trust

TrueUSD, a major fiat-collateralized stablecoin, has lost its peg following the announcement that it has suspended minting activities through its technology partner Prime Trust.

10.06 / 19:39

business Stablecoin TrueUSD TrueUSD stops minting via Prime Trust, loses dollar peg

Stablecoin TruedUSD (TUSD) slightly lost its dollar peg in the early hours of June 10, following a pause in minting activities through its technology partner Prime Trust.

09.06 / 18:13

Stablecoin legislation House Financial Services us house services committee Stablecoin Bill Financial US House Financial Services Committee Republicans Reach Some Compromise With Democrats on Latest Version of a Stablecoin Bill

The House Financial Services Committee under its Republican leadership has dropped a new version of its stablecoin bill after receiving feedback from its Democratic members.

09.06 / 11:17

Stablecoin regulation Federal Reserve bills us house committee Stablecoin Bill US House Committee releases new stablecoin bill draft

The United States House Financial Services Committee has released the third draft of the stablecoin bill presented by the Republican chair Patrick McHenry. The latest draft of the bill is aimed at bipartisan legislation and includes certain proposals from both Republican and Democratic financial services committees.

09.06 / 08:55

Stablecoin Adoption Mining Investments Tether Bitcoin Tether’s game plan in El Salvador: Why invest in Volcano Energy?

Stablecoin issuer Tether has dipped into its war chest to invest in El Salvador’s $1 billion renewable energy project to help drive Bitcoin (BTC) adoption in the Central American nation.

08.06 / 09:29

Stablecoin regulation G20 stablecoin regulation G-7 and G-20 Countries at Odds Over Stablecoin Regulation Amid Fears for Emerging Economies

While global leaders are working towards establishing universal rules for the crypto sector, advanced and emerging economies are divided on the regulation of stablecoins.

07.06 / 20:35

Stablecoin Payments regulation Circle Circle is latest recipient of Major Payment Institution license in Singapore

Circle’s Singapore affiliate, Circle Internet Singapore, has received a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS). Circle Singapore received in-principle MPI approval from MAS in November and opened its office in the city-state in May.

07.06 / 15:55

Ethereum Stablecoin SEC coinbase Legal Drop US court Coinbase stock licence Today in Crypto: US Court Orders SEC to Respond to Coinbase's Rulemaking Petition Within 7 Days, Circle Gets Its Singapore MPI Licence, Cathie Woods Uses Drop in Coinbase Stock Price to Stock Up

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________

06.06 / 22:03

markets Ethereum Stablecoin Tether Usd Coin Bitcoin Crypto traders avoid risk and shelter in stablecoins as the market reaches a turning point

On-chain analytics firm Glassnode published a report hinting that investors are rotating capital toward risk-off assets like stablecoins and Bitcoin. Technicals show that altcoins are at a crucial turning point between a positive and a negative breakout.

03.06 / 05:21

business Stablecoin Banks banking Backed MUFG to facilitate Japanese bank-backed stablecoins via Progmat Coin platform

Megabank Mitsubishi UFJ Financial Group (MUFG) has announced that its stablecoin issuance platform “Progmat Coin” will soon be used by Japanese banks to launch Yen-pegged stablecoins on several public blockchains.

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