Adam Cochran, a marketing expert, and Information Technology expert raised questions about the dollar-backed stablecoin project TrueUSD which recently assured that TUSD had “no exposure” to the beleaguered crypto custodian...
TRON founder, Justin Sun, has pledged 10,000 TUSD to an acclaimed on-chain sleuth with Twitter identity ZachXBT. Sun’s pledge is targeted at supporting Zach in a defamation lawsuit against him...
Santiment, the blockchain intelligence firm, shared the highlights of their latest Insights report via a tweet published earlier today. According to the post, the overall stablecoin market cap has steadily...
Mitsubishi UFG Financial Group (MFG), a Japanese financial services company announced on June 2 that Progmat Coin, the stablecoin issuance platform of MFG would facilitate the issuance of bank-backed stablecoins...
First Digital, a Hong Kong-based qualified custodian and trust company, has unveiled its new stablecoin, First Digital USD (FDUSD), pegged to the U.S. dollar but regulated in Asia. The unveiling...
Tether USDT, the most widely used stablecoin, has reached a significant milestone by surpassing its previous all-time high market cap. According to a recent report by Tether, the firm’s market...
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 for crypto regulations. The authority...
On Wednesday, the Federal Reserve Bank of New York (NY Fed) changed its counterparty criteria for its reverse-repurchase program (RRP), potentially blocking stablecoin issuer Circle from accessing the program. The...
The crypto community on Twitter had a field day with EURCV, the new Euro-pegged stablecoin unveiled by the crypto division of France banking giant Societe Generale. Crypto Twitter has criticized...
Circle’s Chief Strategy Officer and Head of Global Policy, Dante Disparte, is set to ask the U.S. Congress to enact a comprehensive payment stablecoin legislation. Disparte’s request forms part of...
Jeremy D Allaire, the American technologist and CEO of the digital asset company Circle, wrote on his official Twitter page about the US Draft of the Payment Stablecoin Bill, acknowledging...
The US Congress released the discussion draft of the 118th Congress First Session, highlighting the requirements for being a payment stablecoin issuer. The draft pointed out that the bill would...
Changpeng Zhao, the man behind the world’s largest crypto exchange Binance, took to Twitter earlier today to point out the current environment in the stablecoin market. The Binance CEO began...
The government of Hong Kong is actively supporting the development of its crypto industry by interacting with companies operating in the virtual asset industry, along with working towards providing more...
The United States Justice Department is investigating last year’s collapse of the TerraClassicUSD (USTD) stablecoin, which contributed to the sweep away of $40 billion in the Terra ecosystem. The investigation...
Computer entrepreneur and CEO of the digital currency company Circle Jeremy Allaire shared a Twitter thread in the early hours of March 13 updating the current status of the company’s...
Jeremy Allaire, the founder and CEO of Circle Internet Financial, believes that the United States Securities and Exchange Commission (SEC) should not have regulatory oversight of stablecoins. The chief of...
The growing status of Justin Sun’s TUSD stablecoin amid a falling sector has raised some eyebrows in the crypto industry. Sun’s recent transfer of 100,000,000 USDC to a Binance wallet,...
Silvergate has been going through turmoil as the bank recently announced that there would be a delay in filing its annual 10-K report and also announced that it would have...
Blockchain and transaction tracker and analytics platform Whale Alert reported on March 2 that 50,000,000 USDC worth $50,043,042 USD was burned at USDC Treasury. Simultaneously, the Twitter handle of the...
Three Japanese banks, including Tokyo Kiraboshi Financial Group, Minna no Bank, and The Shikoku Bank, have initiated their venture on experimenting with stablecoins on an Ethereum-compatible blockchain as an initial...
According to the latest report, Tether Limited Inc., the leading cryptocurrency exchange that launched the asset-backed stablecoin Tether has moved a major share of its reserves to three financial institutions...
Emurgo, the founding entity of Cardano, claims that the scheduled native stablecoin USDA under development will bring stability to the network, among other underlying benefits. USDA is one of the...
Tether Holdings Limited, the issuer of the largest stablecoin, USDT, said it no longer holds any short-term, unsecured debt against its balance sheet after announcing a $700 million profit in...
VISA Inc, one of the biggest payment processing firms in the world, has begun experimenting with stablecoin settlements on their network. The CEO of VISA’s crypto department, Cuy Sheffield, confirmed...