Stablecoin
FDUSD Stablecoin Launches in Hong Kong Amid New Asset Trading Guidelines
Hong Kong-based First Digital unveils new stablecoin, First Digital USD (FDUSD). FDUSD is pegged to the U.S. dollar and regulated in Asia. The launch coincides…
USDT Cap Hits New ATH, Dominating Stablecoin Market with 64.34%
Tether (USDT) surpasses its previous all-time high market cap. The stablecoin USDT now has a market share of over $83.2 billion. USDT's dominance hits 64.34%,…
NY Authorizes Stablecoins as a Form of Bail: Assembly Bill 7024
The New York State Legislature introduced Assembly Bill 7024 authorizing stablecoins as a valid form of bail. The bill followed General Attorney Letitia James’ proposal…
NY Fed Adds New Policy Blocking Stablecoin Issuer Circle To Fed Program
The NY Fed updated its counterparty criteria for the RRP, preventing Circle from accessing the program. The NY Fed's new rules make single-owner funds ineligible…
Crypto Twitter Highlights The Flaws In The New Euro Stablecoin
Societe Generale’s new Euro-pegged stablecoin is facing criticism from the crypto community on Twitter. Crypto influencers have pointed out the centralized features in the code…
Circle Urges U.S. Government to Enact Stablecoin Legislation
Circle’s CSO to ask the U.S. Congress to enact a payment stablecoin legislation. Dante Disparte made the request in a speech to be presented to…
US’ Payment Stablecoin Bill Poses Issues Along with Advantages
Jeremy Allaire acknowledged US Draft on the Payment Stablecoin Bill as a product of bi-partisan efforts. Allaire told that the bill ensures that digital dollars…
Fine and Imprisonment for Violating Stablecoin Issuance Laws
The US Congress released a discussion draft on the basic requirements of being a stablecoin issuer. An approved subsidiary of an insured depository institution and…
Binance CEO CZ Calls Attention to USDT’s Growing Market Cap
Changpeng Zhao recently pointed out the irony in the winding down of Binance USD (BUSD). The Binance chief highlighted the crackdown on BUSD despite being…
Hong Kong’s Licensing Regime For Virtual Assets To Go Live In June
Hong Kong’s licensing regime for virtual asset service providers is set to go live in June. The Hong Kong Monetary Authority is working on a…
