Stablecoin Financial News

02.06 / 17:37

Stablecoin defi Tokens Banks Usd Coin Stablecoins are a critical countermeasure to Operation Chokepoint

Boosting financial inclusion is one of crypto’s strongest value propositions. Yet, ironically, the banking crisis has effectively de-banked the crypto industry itself, at least in the United States.

01.06 / 18:13

business Stablecoin Dollar Backed Hong Kong-based First Digital Group launches redeemable USD-backed stablecoin

First Digital Group, a Hong Kong-based qualified custodian and trust company, announced the launch of its First Digital USD (FDUSD) United States dollar-pegged stablecoin on June 1. The new stablecoin is programmable and described as being capable of executing contracts, escrow services and insurance without intermediaries. It will operate on the BNB Smart Chain.

01.06 / 16:57

Blockchain Ethereum Stablecoin defi Tokens Circle Circle to launch ‘official version’ of USDC natively on Arbitrum

Circle recently announced plans for a June 8 launch of a new native version of its USD Coin (USDC) stablecoin on the Arbitrum network.

01.06 / 15:27

Stablecoin Gemini European Parliament Investment EVM Support Option Today in Crypto: EU Has Option to Deem All Crypto as Securities by Default, Georgia to Launch Mandatory Supervision of VASPs, Bitget is the 'First Exchange' to Support an EVM-Compatible Address

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

01.06 / 09:25

Stablecoin Tether USDT USDC market value Lost Tether Stablecoin Recoups Lost Market Value in 2022 Crash, Topping $83.2 Billion

Tether, the largest stablecoin in the market, has seen its market capitalization hit a new record high, exceeding $83.2 billion.

01.06 / 01:11

UPS Provident Stablecoin Digital Nikkei Japanese Stablecoin Ban Lifted, Banks Prepare Move

Japanese firms can now issue stablecoins, after a long-awaited piece of legislation came into effect today.

31.05 / 10:03

Stablecoin regulation Altcoin Police investigation CNHC stablecoin issuer detained by Chinese police: Report

The Chinese government continues to crack down on the cryptocurrency industry with a new investigation targeting a major Chinese yuan stablecoin issuer.

30.05 / 16:51

business Stablecoin Mining Tether Tether moves into Bitcoin mining in Uruguay

Stablecoin issuer Tether has announced it will be launching Bitcoin mining operations in Uruguay.

30.05 / 13:53

Stablecoin Mining Tether Bitcoin Tether Plans Bitcoin Mining in Uruguay

Tether is launching bitcoin mining in Uruguay.

28.05 / 17:47

business Stablecoin Altcoin Tether Circle Usd Coin Binance USD USDT market share jumps amid economic uncertainty, USDC shrinks

The market dominance of stablecoins pegged to the United States dollar has undergone some changes over the past year. While most of them are in a downward trend, Tether (USDT) has climbed back to its all-time high, data from CoinGecko shows.

27.05 / 14:13

Blockchain Stablecoin defi security Stargate community proposes removal of Fantom USDC pool to mitigate risks

Stargate, the LayerZero cross-chain bridge protocol, has responded to the recent "force majeure" incident impacting Multichain and the stability concerns surrounding anyUSDC, Fantom's main USDC asset.

27.05 / 06:15

Stablecoin defi Interest rates interest rate MakerDAO DAI MakerDAO proposal seeks to hike DAI savings rate to 3.33%

The community of Ethereum-based decentralized finance (DeFi) protocol MakerDAO will soon vote on a proposal seeking to increase the Dai stablecoin (DAI) savings rate (DSR) to 3.33%. If it all goes through, the move is tipped to have broader implications for rates across DeFi.

24.05 / 07:17

Government Stablecoin regulation SEC Bitcoin TradFi Crypto should mimic TradFi rules: Global securities regulator IOSCO

A major global securities watchdog, the International Organization of Securities Commissions (IOSCO), is working to help policymakers regulate cryptocurrency more effectively.

19.05 / 10:47

Stablecoin Tether coinbase European Union IMF Usd Coin Future Stablecoin survival: Navigating the future amid global de-dollarization

It is an empirical fact that the United States dollar is continuing to lose its dominant role as the global reserve currency, but what might happen to the stablecoin market should it be superseded?

19.05 / 06:03

Stablecoin regulation Tether Circle Congress Paxos Stablecoin issuers have spent over $1.3M lobbying Congress since 2022

Stablecoin issuers including Tether, Circle, and others have spent well over a million dollars lobbying lawmakers on Capitol Hill since the start of 2022, according to recent data.

18.05 / 18:37

Blockchain Stablecoin regulation Congress hearing us house US House stablecoin hearing focuses on competing bills for regulation

State versus federal regulation was a key issue in the hearing on stablecoins in the United States House of Representatives on May 18. The House Committee on Financial Services’ new Subcommittee on Digital Assets, Financial Technology and Inclusion heard testimony from five experts as it considered two proposed bills to regulate stablecoins.

18.05 / 17:57

Stablecoin regulation House Financial Services lawmakers hearing Lawmakers Reveal Differences on Stablecoin Bills in House Hearing — Will They Find Consensus?

House Democrats and Republicans are seemingly divided on how to regulate stablecoins but are finding consensus that some form of legislation is needed.

17.05 / 18:07

Stablecoin regulation legislation House Financial Services hearing Stablecoin Bill Rep. Maxine Waters Ushers In Stablecoin Bill Ahead of Thursday House Hearing

Rep. Maxine Waters is ushering in a draft bill to regulate stablecoins ahead of a House hearing this week.

17.05 / 15:53

Stablecoin Tether legislation Bitcoin Tether Plans 15% of Its Net Profits Into Bitcoin in Move of Confidence

Tether, the world’s largest stablecoin issuer by market capitalization, said it is planning to invest 15 percent of its net profits into bitcoin to strengthen its reserves.

15.05 / 18:39

business Stablecoin Tether financial stability Financial Tether boasts of its financial stability after strong profits, money moved out of banks

Stablecoin operator Tether Holdings pulled over $4.5 billion out of banks in the first quarter of 2023, causing a “substantial reduction” in counterparty risk, the company reported in a post touting its latest attestation by BDO Italia.

13.05 / 18:15

business Stablecoin Trading Terra Jump Trading faces lawsuit over alleged $1.3B profit from TerraUSD

A lawsuit filed in a district court in Illinois details Jump Trading's alleged involvement with Terra Labs in manipulating the price of algorithmic stablecoin TerraUSD (UST). According to court documents from May 9, the firm purchased millions of UST tokens in 2021 hoping to manipulate its value to reach $1.

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