Stablecoin
Crypto Founder Says Big US Banks Are a Threat to Stablecoin Issuers
Big banks' influx into the stablecoin market could spell an end for stablecoin issuers. Stablecoin issuers like Tether rely on banks for custody of their…
Stablecoins To Be Next Trillion-Dollar Market, Outpacing ETFs: Expert
Tether advisor Gabor Gurbacs predicts stablecoin will become the next multi-trillion-dollar market. Gurbacs highlighted crucial offerings of stablecoins, such as low fees, easy access, and…
Hong Kong Proposes Regulatory Framework for Stablecoin Issuers
The Hong Kong Monetary Authority and the Financial Services and Treasury Bureau jointly launched a public consultation on stablecoins. The consultation aims to gather insights…
Breaking: Crypto Community To Witness a New Euro-Denominated Stablecoin
Galaxy has partnered with DWS and Flow Traders to start a business dubbed AllUnity. AllUnity intends to issue a fully collateralized euro-denominated stablecoin. Alexander Höptner…
Tether Introduces New Initiative To Promote Stablecoin Adoption
Martin Folb believes Tether’s new initiative would benefit the stablecoin ecosystem. On December 9, Tether announced an initiative to safeguard the cryptocurrency ecosystem. Tether’s new…
Ripple Scores Major Win with Successful Palau Stablecoin Pilot
Ripple successfully concludes Phase 1 of the Palau Stablecoin (PSC) Pilot Project. Pilot Phase 1 officially launched on March 1, 2023, involved 168 volunteers and…
Société Générale Enters Stablecoin Arena with EUR CoinVertible
Société Générale, France’s third-largest bank, is set to launch its stablecoin. EUR CoinVertible stands out by being fully backed by euros. Jean-Marc Stenger, CEO of…
Stablecoin Giant Tether Seeks to Be Major Bitcoin Miner, Pledges $500M
Tether Holdings plans an ambitious $500 million investment in Bitcoin mining. Its strategy includes building mining facilities globally across three countries and acquiring stakes in…
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…
