Stablecoin
Singapore Approves New USD Stablecoins Amid Tightening Competition
Singapore has granted in-principle license approvals to stablecoin issuers Paxos Digital Singapore and StraitsX. The approvals coincide with the Singapore Fintech Festival. MAS Managing Director…
The Fed’s Fund Rate Correlates With Stablecoin Liquidity: Analyst
Two significant stablecoin liquidity drops have occurred since Terra and FTX crashed. Last September 2022, the Fed raised interest rates by 75 basis points from…
USDC Issuer Circle Eyes Fresh IPO After Failed 2022 Bid
Circle is reportedly planning an early 2024 IPO. The company is the issuer of USDC, the second-largest stablecoin. Circle’s plans for an IPO in 2022…
Regulators in Brazil Keep Watch on USDT as Trade Volume Soars
Brazilian regulators noted that USDT use has gained traction in recent years. The regulators estimated USDT’s trade volume to be over $54 billion in mid-October.…
Stablecoins’ Market Cap Surged Last Week, Shows On-Chain Data
Santiment revealed that the collective stablecoin market cap surged during the past week. According to the post, the stablecoin market cap recorded its 2nd largest…
Vitalik Buterin’s Recent 15 Million USDC Move Raises Questions
Four days ago, Vitalik Buterin received nearly 15 million USDC tokens from an address labeled Kanro. Two days ago, Buterin deposited 500,000 USDC into Coinbase.…
Israel Alleges Mysterious Stablecoin Whales Are Islamist Groups
ChainArgos looks at huge stablecoin transactions allegedly associated with Hamas, ISIS, and Hezbollah. Israel’s list is topped by wallets that were never previously mentioned anywhere…
Tangible Faces Crisis as USDR Stablecoin Crashes: What’s Next?
Tangible experienced a significant crisis as its native yield stablecoin, Real USD (USDR), suffered a sharp depegging. Panic selling of the stablecoin caused a 46.07%…
Retail Trading Of Stablecoin Prohibited Till 2024: Hong Kong Official
Hong Kong's Secretary for Financial Services announced that retail stablecoin trading will be prohibited until 2024. Christopher Hui reported that the restriction will last until…
Crypto Expert Accuses Justin Sun of Running a “Web of Deception”
Crypto expert accused Justin Sun of using wash-trading on the crypto exchange Huobi. LeClair claims USDT deposits on HTX are being swapped for stUSDT without…
