Tag: stablecoins
All news related to cryptocurrencies pegged to other assets, such as the US dollar.
South Korea’s New Crypto Bill Paves Way for Regulated Stablecoins
Reading Time: < 1 minuteSouth Korea’s government is pushing forward with legislation to legalize domestically issued stablecoins, marking a major step in President Lee Jae-myung’s pro-crypto agenda.
Circle’s Blockbuster IPO Marred by Backlash From Early Investor
Reading Time: < 1 minuteWhile Circle’s shares soared 167% in their NYSE debut, the celebratory mood was dampened by public criticism from Arca, one of its earliest backers.
Uber Joins Corporate Stablecoin Movement
Reading Time: < 1 minuteUber CEO Dara Khosrowshahi revealed the company is actively evaluating stablecoin payments at the Bloomberg Tech Summit.
Circle’s IPO Valuation Hits $6.9B as Share Price Climbs to $31
Reading Time: < 1 minuteCircle Internet Group has once again raised its IPO target, now seeking $1.05 billion by pricing shares at $31—above its initial $27-$28 range.
Huma Joins the Global Dollar Network to Advance Stablecoin Adoption on Solana
Reading Time: 2 minutesSan Francisco, California, 4th June 2025, Chainwire
Dubai Advances Crypto Adoption With Ripple Stablecoin Approval
Reading Time: < 1 minuteDubai’s financial regulator has expanded its approved digital assets list to include Ripple’s RLUSD stablecoin, marking another milestone in the emirate’s progressive crypto framework.
Santander Explores Stablecoin Launch and Retail Crypto Services
Reading Time: < 1 minuteBanco Santander SA is reportedly considering the introduction of a stablecoin and expanded cryptocurrency services for retail customers.
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.
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.
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