Stablecoin

BlackRock (NYSE:BLK), the world’s largest asset manager with $10 trillion in assets under mangement, has been steadily building a multifaceted crypto strategy. What Happened: Token Terminal, a research firm specializing in digital assets, has analyzed BlackRock’s approach to digital...

Investors in BlackRock’s history-making tokenized fund, the BlackRock USD Institutional Digital Liquidity Fund (BUIDL), now have a way to quickly and easily convert their holdings into (CRYPTO: USDC) stablecoin, thanks to a new collaboration between BlackRock (NYSE:BLK) and Circle Inc. What...

A research report found that Solana (CRYPTO: SOL) has emerged as the new leader in the realm of blockchain payments. What Happened: In its new report, Bernstein, a research and brokerage firm, attributes Solana’s success to its streamlined architecture, The Block reported. Compared to...

Senator Elizabeth Warren (D-Mass.) has thrown a wrench into efforts to pass a stablecoin regulation bill in the US, warning lawmakers about the potential dangers stablecoins pose to the financial system and national security. What Happened: In a letter obtained by Politico, Warren targeted the...

Payment protocol Ripple (CRYPTO: XRP) on Thursday announced its entry into the stablecoin market with a U.S. dollar-pegged token. What Happened: Ripple’s stablecoin aims to set a new standard in the stablecoin ecosystem by ensuring a 1:1 peg to the U.S. dollar, underpinned by substantial U.S...

Bitcoin spot ETFs recorded a net outflow of $85.84 million on April 1, amid a broader slowdown in the digital asset investment space. What Happened: Data from SoSoValue shows a mixed picture for individual Bitcoin spot ETFs. Grayscale’s industry-leading GBTC (OTC:GBTC) fund experienced a...

The ongoing trial involving Terraform Labs, the company behind the algorithmic stablecoin UST (CRYPTO: USTC), took a dramatic turn on Monday with the testimony of James Hunsaker, a former employee of Jump Trading. According to a series of social media posts by journalist Alexander Osipovich,...

In a landmark moment for the cryptocurrency market, Bitcoin (CRYPTO: BTC) is rallying again, crossing the $70,000 threshold Friday morning.  This achievement marks a new all-time high for the world's leading digital currency, underscoring its growing acceptance and resilience in...

Fierce discussions are taking place regarding the enactment of U.S. stablecoin legislation, according to Sen. Cynthia Lummis (R-Wyo.). The Senator remains hopeful about the possibility of the legislation being passed within the first half of 2024. What Happened: On Thursday, Sen. Lummis in an...

Tether’s (CRYPTO: USDT) fourth-quarter attestation report recorded significant profits, with a substantial portion coming from the company's gold and Bitcoin holdings. The stablecoin issuer is looking forward to a promising 2024. What Happened: Tether reported a profit of $...

Cardano's (CRYPTO: ADA) much-anticipated stablecoin Mehen (USDM) has faced delays in its launch date. Originally set to launch on Jan. 16, 2024, the Cardano team behind Mehen has pushed the release date back two months to March 16, 2024. What Happened: The delay comes...

Coinbase Global (NASDAQ: COIN) looks to foray into Africa. What Happened: Coinbase is partnering with the African stablecoin exchange Yellow Card in an effort to expand its product suite in emerging economies. It is looking to start with 20 countries across Africa from February 2024...

In a bid to enhance transparency and trust in its operations, the stablecoin TrueUSD (CRYPTO: TUSD) Thursday announced a partnership with accounting firm Moore Hong Kong (MooreHK), that will provide daily attestation services. The goal is to bolster confidence among stakeholders and token...

Hong Kong-based stablecoin issuers should obtain a license in order to operate in the city and cater to retail investors. That's according to a consultation paper from the Hong Kong Monetary Authority (HKMA), the city’s central bank, and the Financial Services and the Treasury Bureau (...

Circle’s euro-backed stablecoin, EURC will now be available on Solana for real-time, global payments and all-time available instant foreign exchange trading. What Happened: The Solana (CRYPTO: SOL) blockchain has now added Circle’s (CRYPTO: USDC) euro-backed stablecoin EURC amid the...