Stablecoin

Switzerland-based fintech firm Anchored Coins recently issued AEUR. But Binance is taking issue with that fact that “some users did not realize that AEUR was a stable currency when they purchased it." As a result, "demand surged in the short term, resulting in price deviations....

Société Générale (OTCMKTS: SCGLY) is launching a stablecoin. What Happened The French bank will be the first major financial institution to offer digital assets tracking the price of fiat currencies to investors. Société Générale said...

After Singapore, Paxos received approvals to issue stablecoins in the Abu Dhabi Global Market (ADGM). What Happened: The regulated blockchain and tokenization infrastructure platform was granted in-principle approvals (IPAs) by the Financial Services Regulatory Authority (FSRA) in the ADGM. It has...

Creating a strong foothold in the stablecoin market, Tether (CRYPTO: USDT) is now looking to enter the Bitcoin mining space with a significant investment. In the past year, Tether's market cap has grown by 32.7%, reflecting its prominent presence in the cryptocurrency market. What...

Paxos, a crypto brokerage firm, has received preliminary authorization from Singaporean regulators to offer digital payment token services. What Happened: Following this in-principle approval from the Monetary Authority of Singapore under the Payments Services Act (PSA), Paxos has established a new...

Circle, the issuer of the stablecoin USDC (CRYPTO: USDC), has introduced the Circle Alliance Program. This initiative aims to unite businesses, institutions, and protocols across various sectors such as fintech, traditional finance, consumer applications, payments, banking, and Web3. As detailed in...

The House Financial Services Committee (FSC) is set to conduct an in-depth examination of unlawful activities within the cryptocurrency sector.  The hearing, scheduled for Nov. 15, is titled "Crypto crime in context: breaking down the illicit activity in digital assets,...

Circle confirmed that a new v2.2 upgrade to USDC and EURC will add new features and sharpen the existing ones. What Happened: The new features of the announced upgrade include decreased gas costs, better support for account abstraction, and increased security for transactions on EVM blockchains, as...

Stablecoin issuer and payments firm, PayPal Holdings Inc (NASDAQ: PYPL) said Thursday that it has received a subpoena from SEC’s Enforcement division regarding its PYUSD, USD-pegged stablecoin, as indicated in its Q3 earnings filing. The stablecoin was issued in August 2023 making the...

MakerDAO (CRYPTO: DAI) transferred $250 million, half of the $500 million it holds, from its Coinbase (NASDAQ: COIN) custody account to DAI’s peg stability module (PSM). The goal is to protect the peg for its DAI stablecoin, as reported by Blockworks. PSM is a collateral pool that lets users...

Circle’s loss may prove to be Tether’s gain as the former ceased support for stablecoin USDC. Separately, Tether accounted for its highest cash reserves. Industry titans BlackRock, DTCC, OCC, State Street, Société Générale, ...

USDC Coin (CRYPTO: USDC) issuer, Circle, announced its partnership with Taiwanese crypto exchange BitoGroup and Taiwan FamilyMart to deepen its presence in the market. The three companies are looking to launch a points-to-crypto service enabling users to convert their FamilyMart loyalty points...

The Bank of Finland (BOF) announced it was underway to create a Finnish instant payment solution compatible with European standards. The solution will be based on credit transfer and not depend on payment card rails, as reported by CoinTelegraph. Find out more about how the European Union is...

Japan-based digital currency and electronic payments firm DeCurret Holdings launched a white paper on its cryptocurrency project, the DCJPY, which it plans to launch in July 2024. The DCJPY Network will consist of the Financial Zone and the Business Zone wherein the former will...

While Circle faces significantly big competition from rival stablecoins issued by Tether (CRYPTO: USDT) and PayPal (CRYPTO: PYUSD), its recent developments like minting native (CRYPTO: USDC) coin, partnerships and integrations across, have taken the USDC issuer on a roll....