Stablecoin

Markets in Crypto Assets (MiCA) regulation, inscribed in the Official Journal of the European Union on June 9, is expected to be enacted by Dec. 30, 2024. Certain provisions will even be brought into play six months in advance, on Jun. 30, 2024. MiCA, ratified on May 31, paves the way for a...

The Aave (CRYPTO: AAVE) lending protocol's stablecoin, GHO (CRYPTO: GHO), inches towards a launch on Ethereum's (CRYPTO: ETH) mainnet with the introduction of two key features proposed by the developer, Aave Companies. These features aim to enhance user benefits while maintaining the coin...

In the wake of a regulatory clampdown on crypto companies in the United States, Bitfinex and Tether (CRYPTO: USDT) CTO Paolo Ardoino believes that entities in the industry should rather focus on emerging markets than the U.S. and Europe. In an interview with Benzinga, Ardoino also affirmed his...

Financial technology firm Circle announced on Thursday that the launch of its USD Coin (CRYPTO: USDC) on the Arbitrum (CRYPTO: ARB) platform is June 8. In this new arrangement, USDC issued by Circle will be recognized as the official version within the Arbitrum ecosystem. This...

First Digital, a Hong Kong-based trust company and authorized custodian, announced the introduction of its new U.S. dollar-pegged stablecoin, which will be governed by regulations in Asia. What Happened: The stablecoin, named First Digital USD or FDUSD, is planned to be fully backed by U....

Tether has surpassed its previous all-time high market cap of $83.2 billion — a value it lost during the 2022 cryptocurrency crash. "Today's numbers demonstrate that people want access to financial freedom, and when given that access, they will make use of it," Tether CTO Paolo...

The European Union has reached a significant milestone in cryptocurrency regulation as it formally enacted the Markets in Crypto Assets (MiCA) regulation, positioning the bloc as a pioneer in tailored rules for the sector. The signing ceremony was led by European Parliament President Roberta...

There was a serious security flaw in the TRON (CRYPTO: TRON) blockchain network, according to dWallet Labs' cybersecurity research team, 0d. The issue, reported on Feb. 19, has since been resolved. What Happened: The vulnerability could have bypassed the multisig security protocols of TRON...

Digital payment platform Strike announced on Monday it integrated Tether's USDT (CRYPTO: USDT) stablecoin into its services. With Tether's inclusion, Strike intends to streamline digital transactions and strengthen its industry standing. The integration follows Strike's recent...

In recent months, crypto behemoth Binance (CRYPTO: BNB) saw a dip in its market share by approximately 15 percentage points. Previously dominating 62% of the market in spot crypto trading volumes in February, Binance's share since slipped to an estimated 47% this month. Despite this...

In an effort to diversify its reserves, Tether Holdings Ltd. (CRYPTO: USDT), the company behind the world's largest stablecoin, has announced plans to invest up to 15% of its profits into Bitcoin (CRYPTO: BTC) on a regular basis. The decision goes into effect this month, with all Bitcoin...

Xapo Bank, a private bank offering both traditional banking and access to Bitcoin (CRYPTO: BTC) and stablecoins, said Tuesday that it's the world's first bank to integrate Tether (CRYPTO: USDT) payment rails. What Happened: The phased rollout will be available to all members by the end...

What comes as a sigh of relief for many customers using crypto assets in the United States, PayPal (NASDAQ: PYPL) is set to roll out a key new feature for its 60 million Venmo customers that will allow users to transfer cryptocurrencies between its platform and other crypto wallets. This comes...

Tether (CRYPTO: USDT) has become the leading stablecoin on the Polygon (CRYPTO: MATIC) network in the first quarter (Q1) of 2023 with a $735 million market cap, surpassing USD Coin (CRYPTO: USDC). Polygon's Q1 performance showcased consistent financial metrics, a stabilized DeFi ecosystem...

The decline in the market value of stablecoin USD Coin (CRYPTO: USDC) can be attributed to a growing trend of investors looking to "de-risk out of the U.S." amid concerns about the country’s banking sector and regulatory challenges, according to Circle CEO. What Happened: Jeremy Allaire, the...