Stablecoin

In a sudden turn of events earlier today, hundreds of millions of TrueUSD (TUSD) stablecoins were minted at multiple unknown wallets. On-chain data tracker Whale Alert reported on X (formerly...

PayPal’s new stablecoin received strong criticism from Maxine Waters, the top Democrat on the House Financial Services Committee. She stated that PayPal launched the stablecoin while there aren’t clear US...

PayPal’s recently unveiled PYUSD stablecoin has raised concerns regarding centralization from the crypto community. Several people have taken to X (formerly Twitter) to highlight controversial elements like PayPal’s ability to...

In a recent statement, prominent crypto influencer CryptoWendy has drawn attention to the potential risks associated with PayPal’s newly launched stablecoin, Paypal USD (PYUSD). Drawing attention to a video she...

The crypto community on Twitter has taken issue with the centralized elements of PayPal’s PYUSD stablecoin. Users took a deep dive into the recently unveiled stablecoin’s smart contract and highlighted...

PayPal has become the first major fintech to introduce a stablecoin with the launch of its PayPalUSD (PYUSD). Following the launch, the fintech giant announced a PayPal Pays Back Giveaway...

Adam Cochran, a renowned business analyst, and fintech executive, recently shared a Twitter thread, presenting an extensive sketch on how to launch an algorithmic stablecoin. Cochran’s guidelines came reflecting on...

Significant whale transactions involving stablecoin transfers were observed in the early hours of today, Wednesday, August 3, 2023. In multiple posts, Whale Alert, the blockchain tracker and analytics system, reported...

Santiment revealed that whale and shark stablecoin wallets are loading up as BTC remains below $30K

Shinhan Bank, SCB TechX (Siam Commercial Bank’s technology innovation business unit), and a prominent financial institution in Taiwan have jointly announced the successful completion of a proof-of-concept (PoC) pilot for...

USDT boasts a market cap three times higher than its closest competitor. Paolo Ardoino, CTO of Tether, emphasizes USDT’s dominance in the market. USDT’s daily trading volume is $29.4 billion,...

Circle, a stablecoin issuer, is considering issuing a stablecoin in Japan. The Japanese government recently passed legislation that regulates stablecoins, and this new law has caught the attention of Circle’s...

Ki Young Ju says that crypto whales scooped up Bitcoin in the $16,000 to $24,000 range. Ju notes that market makers influenced the stability in the trading volume ratio in...

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...