Stablecoin
ZA Bank Explores Providing Hong Kong Accounts for Stablecoin Issuers
ZA Bank in Hong Kong is discussing establishing cash reserve accounts with potential stablecoin issuers. A ZA Bank executive disclosed engaging with about eight prospective…
Fantom Set to Unveil Canonical Stablecoin Backed by Circle and Wormhole
The Fantom Foundation has partnered with Circle and Wormhole to launch USDC.e stablecoin. Bridging USDC via Wormhole and potential upgrades to native status streamline processes…
Crypto Community Divided Over Ripple’s Plan to Introduce Stablecoin
Ripple's plan to introduce stablecoin brings along scepticism over integration with XRP in payments. Bill Morgan questions the necessity of combining stablecoin with XRP in…
Large Investors Boost Stablecoin Holdings as Stablecoin Hits Highest Market Cap Since 2022
Large investors accumulated 5.09% of leading stablecoins as stablecoins mark the highest market cap since 2022. Whales now hold 55.37% of the total supply, indicating…
Breaking: Circle Ends Support for USDC Stablecoin on Tron
Circle has reportedly ended support for its USDC stablecoin on the Tron blockchain as part of a risk management program. According to a blog post,…
Will Stablecoins Be the Trojan Horse for Crypto’s Mass Adoption?
Okung stated that he found the Trojan Horse allegations regarding Tether interesting. McUnsignedInteger claimed that the real Trojan would be applications and exchanges. McUnsignedInteger spoke…
JPMorgan Says Stricter KYC/AML Rules Could Cripple USDT Dominance
JPMorgan's report raises concerns over USDT's reliance on the American market. It argued that U.S. regulators, through OFAC, could influence Tether's offshore operations. It stated…
NZ Reserve Bank Governor Chastises Stablecoins as the Biggest Misnomers
New Zealand central bank governor Andrian Orr has chastised stablecoins as “the biggest misnomers” and “oxymorons.” The Governor adds that the stablecoins do not always…
Hong Kong Stablecoin Sandbox Heats up With a Major Chinese Player on Board
Hong Kong's planned stablecoin regulations attract major players. China's Harvest Fund Management aims for cross-border payment solutions. The HKMA's regulatory sandbox aims to refine supervisory…
Crypto Enthusiasts Attracted to 20% Stablecoin Yields Post-2022 Turbulence
Stablecoin yields continue to attract crypto enthusiasts despite past market turbulence. Bitcoin's 20% drop prompts scrutiny, with various factors at play, including ETFs and macroeconomic…
