Stablecoin

According to Custodia Bank‘s founder and CEO, Caitlin Long, the evolving dynamics in Washington could soon alter the digital asset industry. "I expect a stablecoin bill to be implemented and anticipate a market structure bill to pass as well,” she said, during a recent interview. The...

Asset management giant Ark Invest predicted a positive turn for Bitcoin’s (CRYPTO: BTC) price on account of the oversold conditions witnessed for the Stablecoin Supply Ratio Oscillator (SSRO.) What Happened: A recent report. from the Cathie Wood-led firm revealed that the SSRO, a metric used...

Ripple (NASDAQ:XRP) has introduced its U.S. dollar-pegged stablecoin, RLUSD, targeting enterprise applications, on Tuesday. This development coincides with World Liberty, supported by Donald Trump, advocating for stablecoins over Bitcoin (CRYPTO: BTC). What Happened: As per Ripple’s press...

Meme coin Shiba Inu (CRYPTO: SHIB) is seeing a rising value, with the cryptocurrency up 12% in the last day and 44% over the last week, thanks to an increased burn rate and a teaser from the coin's developer. Here’s a look at how much money people who got in at the start of the Shiba Inu...

The U.S. Securities and Exchange Commission (SEC) has filed charges against crypto companies TrustToken Inc. and TrueCoin LLC for allegedly defrauding investors and conducting unregistered sales of investment contracts involving the TrueUSD (CRYPTO: TUSD) stablecoin. What Happened: According to the...

Stablecoin issuer Tether (CRYPTO: USDT) on Monday announced its first venture into the agricultural sector by acquiring a 9.8% stake in Adecoagro, a Latin American agricultural leader. What Happened: The $100 million investment was funded by Tether's working capital, giving the company ownership...

Crypto’s unique features are ideally suited for the complex requirements of machine-to-machine transactions in the artificial intelligence (AI) economy. That’s according to a new report from Bernstein Research, released Friday. “Crypto solves almost all the criteria” for AI...

Hong Kong’s monetary authorities are proposing new regulation for fiat stablecoins. What Happened: After a two-month public consultation that concluded in February 2024, 108 submissions from various market participants and stakeholders delivered input for the Financial Services and the...

The U.S. Securities and Exchange Commission (SEC) has concluded its investigation into Paxos, a New York-based stablecoin issuer, without recommending enforcement action. What Happened: Jorge Tenreiro, acting chief of the SEC’s crypto assets and cyber unit, informed Paxos of the decision,...

Renowned cryptocurrency analyst Willy Woo has hinted at the possibility of a Bitcoin (CRYPTO: BTC)-backed stablecoin from Tether (CRYPTO: USDT) in the future. What Happened: In a post on Tuesday, Woo praised Tether, the company behind the world’s biggest stablecoin by market cap, for their...

Shopify merchants can now accept payments in hundreds of cryptocurrencies, with an upgraded Solana (CRYPTO: SOL) Pay plugin. What Happened: The update, launched by Web3 payments provider Helio, aims to integrate crypto payments into Shopify’s merchant network, enhancing the overall payment...

In the early hours of Asian trading, Curve's (CRYPTO: CRV) token experienced a 30% drop, spurred by the automatic liquidation of some loan positions linked to the protocol’s founder, Michael Egorov. What Happened: This liquidation triggered a wave of selling activity, significantly impacting...

Circle Internet Financial, the company behind the world’s second-largest stablecoin (CRYPTO: USDC), is set to move its headquarters from Ireland to the United States. What Happened: While the specific reason for the move remains undisclosed, the company confirmed the filing of legal paperwork...

Stripe is diving back into the world of cryptocurrency, this time focusing on stablecoins for online transactions. What Happened: The payments processing giant announced the news at their annual conference in San Francisco, with co-founder John Collison highlighting the improvements in the crypto...

For those waiting on clarity surrounding stablecoins in the U.S., Representative Maxine Waters (D-CA), a key figure in the House Financial Services Committee, has indicated that a stablecoin bill could be finalized soon. What Happened: “We are on our way to getting a stablecoin bill in the...