Real estate-backed stablecoin USDR has de-pegged from its $1.00 target, triggering concerns among crypto investors and analysts. According to reports, the stablecoin’s treasury has been depleted...
In a bid to address issues related to the crypto industry, the Canadian Securities Administrators (CSA) has issued a regulatory framework for all institutions involved in...
A new stablecoin is on the market, pegged to the dirham (AED) — the currency of the United Arab Emirates (UAE) and launched by an ex-SoftBank...
The company behind the USD Coin stablecoin, Circle, argues that assets pegged to the U.S. dollar are not securities. Circle argued that stablecoins are not securities...
The Federal Reserve Banks of Boston and New York published a staff report on Sep. 26 comparing stablecoins, such as USDT and USDC, to money market...
Mitsubishi UFJ Trust and Banking, a prominent financial institution in Asia, is exploring the possibility of creating a new stablecoin in collaboration with Binance Japan and...
Linear Finance reported an attack that resulted in the draining of all ℓUSD liquidity on two key DEXs, PancakeSwap and Ascendex. As a result, the attack...
According to a September 19 post on X (formerly Twitter), Director of E.U. Strategy and Policy at Circle, Patrick Hansen, stated the planned review of the...
The increasing awareness and adoption of cryptocurrencies, NFTs, CBDCs, and stablecoins are poised to reshape the global financial landscape. Institutions ranging from the IMF and EU...
Nigel Dobson, a banking executive at ANZ, stated that the bank envisions tokenizing the Australian dollar using blockchain technology. Australian and New Zealand Banking Group (ANZ)...
Rune Christensen, the founder of MakerDAO, recently expressed his belief that well-defined regulatory frameworks will enable stablecoins to achieve mainstream adoption. However, he noted that decentralized...
Hedera has announced the launch of a stablecoin development kit, Stablecoin Studio. The open-source project, which is now live on the public Hedera network, is designed...
Paxos, PayPal’s PYUSD issuer, released its first transparency report for the stablecoin. Documentation states that assets “meet or exceed the token balance.” Total tokens amount to...
The position of the Central Bank of Nigeria on cryptocurrency has been unwavering since its February 5th, 2021 circular that prohibited financial institutions from facilitating payments...
In a recent announcement, Visa revealed its plans to extend its stablecoin USDC settlement pilot by incorporating the Solana blockchain. This move will provide Visa issuers...
Stablecoins have become an integral part of the cryptocurrency market, offering a distinct advantage of stability in an otherwise volatile ecosystem. Examining the performance of Vietnam’s...
With the emergence of PayPal stablecoins, will these assets determine the direction of the digital economy or will there be a factor that can alter the...
A claim website for PayPal’s stablecoin PYUSD has emerged and is currently being promoted on X (Twitter). The website claims a total of 500,000 $PYUSD...
Kraken Exchange has once again established itself as a frontrunner in the cryptocurrency industry, despite the ongoing dynamic development of the cryptocurrency market. Recently, the well-known...