Stablecoin
Ripple Selects BNY Mellon as Custodian for Its RLUSD Stablecoin
Ripple selected Bank of New York Mellon (BNY) to serve as the primary custodian for reserves backing its stablecoin, Ripple USD (RLUSD). It’s reported that over $500 million worth of...
Crypto Czar Says GENIUS Act Is Trump’s Next Win After ‘One Big, Beautiful Bill’
White House AI and crypto czar David Sacks celebrated the passage of a major legislative package he called “One Big Beautiful Bill,” while signaling that key crypto bills are the...
China’s Answer to the Digital Dollar: A New Push for a Yuan-Backed Stablecoin
To counter an incoming US dominance in the digital asset space, China’s tech giants JD.com and Ant Group, an affiliate of Alibaba, are now urging Beijing to authorize a yuan-based...
Ripple’s RLUSD Stablecoin for Enterprise Payments Now Integrated With OpenPayd
Ripple has entered into a strategic partnership with the global payments firm OpenPayd, a move designed to drive the adoption of its new enterprise-grade stablecoin, RLUSD. This collaboration merges OpenPayd’s...
New Bills in South Korea Propose Capital Requirements for Stablecoin Issuers
South Korea is tightening its focus on stablecoin regulation. Yesterday, the National Planning Committee summoned financial regulators to assess current oversight and propose measures that reduce risks for consumers and...
Fed’s Powell Signals ‘Meaningful Progress’ on US Stablecoin Bill
Federal Reserve Chair Jerome Powell has confirmed that the United States is making meaningful progress toward establishing a clear regulatory framework for stablecoins. In recent remarks, he highlighted that after...
Circle Applies for a National Trust Bank Charter with the US OCC
On July 1, 2025, Circle filed an application with the U.S. Office of the Comptroller of the Currency (OCC) to create a national trust bank. The proposed entity, named First...
The Future of the ‘Digital Won’ To Be Private, Not Public
The Bank of Korea has suspended its central bank digital currency (CBDC) pilot program amid increased interest in private-sector stablecoins. The central bank began testing its CBDC in April, involving...
Will USDT Crash to Zero? One Analyst Predicts USDT’s Demise
A recent social media post from Chain Mind raises concerns that USDT (Tether) could follow UST to $0, pointing to Tether’s alleged lack of audits, delistings on EU exchanges, and...
South Korea’s Ruling Party Denies State-Backed Stablecoin Plans
Recent reports claiming that South Korea’s government is preparing a state-backed Korean won stablecoin have been dismissed as “groundless” by a spokesperson from the ruling Democratic Party of Korea (DPK). ...
ETH, XRP, SOL, TRX: GENIUS Act Lights a Fire Under Altcoins
In an important development, the Genius Act has officially passed the U.S. Senate and is now expected to clear the House soon. This new law aims to bring clear regulations...
Cardano Eyes Sovereign Wealth Fund to Tackle Stablecoin Liquidity Gap
Cardano is considering a significant overhaul of its treasury strategy, with founder Charles Hoskinson outlining an ambitious plan to enhance the protocol’s DeFi liquidity and long-term stability. The proposal aims...
Abu Dhabi Introduces Crypto Taxi Payments Using Dirham-Backed AE Coin
In a landmark development, Abu Dhabi has become the first city in the world to integrate a stablecoin pegged to its national currency into public transportation payments. Residents and visitors...
Hong Kong Enacts Stablecoin Ordinance, Launches High-Threshold Licensing Regime
Hong Kong is implementing a stringent new licensing regime for stablecoin issuers, a move designed to cement the city’s status as a regulated hub for digital assets. Under the new...
This Is Where Capital Moved During the Latest Crypto Market Correction
The cryptocurrency market experienced a major decline last week, a move that corresponded with a significant contraction in the total stablecoin supply and a large-scale capital rotation between major blockchain...
KakaoPay Stock Surges Over 200% After Filing for a KRW-Backed Stablecoin
South Korean fintech firm KakaoPay has filed for 18 trademarks related to a potential Korean won (KRW)-backed stablecoin, a move that has sent its stock price soaring by more than...
USDC, USDT Market Caps Could Grow 30% Annually Under New U.S. Law: Bitget CEO
Bitget CEO Gracy Chen says regulated stablecoins like USDC and USDT could see 20% to 30% annual growth under the newly advanced GENIUS Act. The U.S. law brings stablecoins under...
SEI Price and Volume Surge After Wyoming Taps Network for Stablecoin Project
Sei Network (SEI) has been selected by the Wyoming Stable Token Commission as one of only two candidate blockchains for the deployment of WYST, the first government-issued, fiat-backed stablecoin in...
Trump’s Push for Speed Puts Senate-Passed GENIUS Act to a Political Test in the House
President Donald Trump has issued a direct appeal to the U.S. House of Representatives, urging a quick and unamended passage of the GENIUS Act, a bill that cleared the Senate...
South Korea Explores Won Stablecoin as Bank of Korea Prioritizes Caution
The Bank of Korea (BOK) is evaluating the potential launch of a Won-backed stablecoin with a cautious but forward-looking approach to digital currencies. BOK’s Governor Rhee Chang-yong emphasized that any...
China’s Central Bank Governor Says Blockchain Speeds Up Stablecoin, Payment Innovation
The governor of the People’s Bank of China (PBOC), Pan Gongsheng, delivered a powerful message on the future of finance, stating that blockchain technology and the rise of stablecoins are...
Senate Passes GENIUS Act 68-30 to Establish U.S. Leadership in Digital Asset Innovation
By a vote of 68-30, the U.S. Senate has passed the bipartisan GENIUS Act, an important step toward the regulation of digital assets in the United States. The bills aim...
U.S. Senate Passes the “GENIUS Act” Stablecoin Bill in a 68–30 Bipartisan Vote
The U.S. Senate has passed the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act with a strong, bipartisan 68–30 vote. The landmark legislation creates the first comprehensive federal...
Ripple’s RLUSD Stablecoin to Be Accessible Now in 173 Countries via Alchemy Pay
The payment solutions provider Alchemy Pay has partnered with Ripple to provide a seamless fiat-to-crypto on-ramp for Ripple USD (RLUSD). RLUSD is the stablecoin fully backed by U.S. dollars. The...
The GENIUS Act Final Decision: How Will it Affect the Crypto Market
The US Senate will vote on the final passage of the GENIUS Act this Tuesday, and a crypto analyst thinks it could trigger a massive breakout in the cryptocurrency market. ...
