Tag: stablecoins
All news related to cryptocurrencies pegged to other assets, such as the US dollar.
Federal Court Freezes $57.65M in USDC Amid LIBRA Fraud Lawsuit
Reading Time: < 1 minuteThe US District Court for the Southern District of New York (SDNY) has issued a temporary restraining order freezing approximately $57.65 million in USDC stablecoins linked to the alleged LIBRA memecoin fraud.
Circle Launches IPO in Major Crypto Market Debut
Reading Time: < 1 minuteThe blockchain financial firm behind USD Coin (USDC) has initiated its highly anticipated IPO, seeking to raise $624 million at an estimated $6 billion valuation.
Major US Banks Consider Joint Stablecoin Venture
Reading Time: < 1 minuteSeveral leading US banks are in early discussions about collaborating to issue a shared stablecoin, according to a Wall Street Journal report on Thursday.
What is USDT?
Reading Time: < 1 minuteTether (USDT) is a stablecoin, a type of cryptocurrency designed to maintain a stable value by being pegged to a fiat currency—in this case, the US dollar.
South Korea’s Democratic Party Leader Advocates for Won-Based Stablecoin to Curb Capital Outflows
Reading Time: < 1 minuteLee Jae-myung, leader of South Korea’s Democratic Party, has suggested creating a stablecoin linked to the Korean won to prevent capital outflows and enhance financial sovereignty.
US Senate Votes in Favor of Stablecoin Bill
Reading Time: < 1 minuteOn Monday, the Senate progressed a significant cryptocurrency regulation bill with a bipartisan vote, following a two-week period where Senate Democrats had previously blocked it.
Northern Mariana Islands Passes Stablecoin Bill
Reading Time: < 1 minuteThe Northern Mariana Islands, a US Pacific territory, has enacted legislation allowing Tinian Island to issue a stablecoin, overturning Governor Arnold Palacios’ April 11 veto.
Coinbase Invests in Canadian Stablecoin Issuer
Reading Time: < 1 minuteCoinbase has announced a strategic investment in Stablecorp, a Canadian fintech company and issuer of the QCAD stablecoin, which is pegged to the Canadian dollar.
Northern Mariana Lawmakers Give Stablecoin Bill Second Chance
Reading Time: < 1 minuteTinian, a small island in the US Northern Mariana Islands, may get another opportunity to launch a stablecoin after the territory’s Senate overrode the governor’s veto of the stablecoin bill.
US Senate Blocks Stablecoin Bill
Reading Time: < 1 minuteLegislation aimed at establishing a framework for payment stablecoins failed to advance in the Senate on Thursday, as several Democrats opposed moving the bill forward.
Meta Considering Stablecoins Integration
Reading Time: < 1 minuteMeta is considering integrating stablecoins for global payouts on its platforms, as reported by Fortune, citing five informed sources.
Tether Posts $1B in Q1 Operating Profit
Reading Time: < 1 minuteTether’s current excess reserves are at their lowest since Q2 2024, when it held $5.3 billion in reserves.
SEC Drops Case Against PayPal’s Stablecoin
Reading Time: < 1 minuteThe US Securities and Exchange Commission (SEC) has concluded its investigation into PayPal’s PYUSD stablecoin without pursuing any enforcement actions.
Abu Dhabi Launches New Dirham-backed Stablecoin Project
Reading Time: < 1 minuteAbu Dhabi’s International Holding Company, ADQ, and First Abu Dhabi Bank have announced plans to introduce a dirham-backed stablecoin.
Solstice Labs Announces Upcoming USX Launch, a Solana-Native Stablecoin Built for Transparent Yield
Reading Time: 3 minutesDubai, UAE, 29th April 2025, Chainwire
Tether Teams Up with Mining Pool to Strengthen Network’s Decentralization
Reading Time: < 1 minuteTether, the stablecoin issuer, plans to direct its existing and future Bitcoin hashrate to OCEAN’s Bitcoin mining pool to enhance the network’s decentralization.
US House Committee Approves Stablecoin Transparency Bill
Reading Time: < 1 minuteThe House Financial Services Committee voted to advance stablecoin legislation on Wednesday, approving the STABLE Act with 32 votes in favor and 17 against.
Coinbase CEO Urges to Update Stablecoin Laws to Allow On-chain Interest
Reading Time: < 1 minuteCoinbase CEO Brian Armstrong has advocated for legislation that would allow stablecoin holders to earn interest on their digital currency.
NYSE and ICE Exploring Integration of Circle’s Stablecoin
Reading Time: < 1 minuteCircle is partnering with Intercontinental Exchange (ICE) to explore the broader use of stablecoins.
USDT0 Launches on OP Superchain
Reading Time: < 1 minuteCrosschain US-dollar stablecoin USDT0 has been launched on Optimism’s Superchain, enhancing access to this popular stable asset within Ethereum’s layer-2 ecosystem.
Trump’s World Liberty to Launch a Stablecoin
Reading Time: < 1 minutePresident Donald Trump’s crypto initiative, World Liberty Financial, announced plans to launch a stablecoin that can be redeemed one-for-one with the dollar.
Bitso Plans to Issue a Stablecoin Pegged to Mexican Peso
Reading Time: < 1 minuteBitso Business, a branch of Mexico’s crypto exchange Bitso, plans to launch a stablecoin linked to the Mexican peso on the Ethereum layer-2 network Arbitrum.
Fidelity to Launch a Dollar-Pegged Stablecoin
Reading Time: < 1 minuteFidelity Investments is reportedly on the verge of launching a stablecoin pegged to the US dollar, marking a significant milestone in its expansion into digital assets.
Stablecoins Explained
Reading Time: < 1 minuteStablecoins are cryptocurrencies designed to maintain a stable value by linking their market value to an external reference.
Circle Launches its Stablecoin USDC in Japan
Reading Time: < 1 minuteCircle, a leading global financial technology company and stablecoin market leader, has announced its strengthened commitment to Japan.
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