Stablecoin

After contending with the SEC that stablecoins shouldn't fall under the same regulations as traditional securities, Circle has chosen to take the initiative. USDC can now be accessed directly on Polygon PoS without the need for bridges. What Happened: Stablecoin issuer, Circle announced...

Circle (CRYPTO: USDC), the issuer of USDC, plans to venture out on Cosmos through its cross-chain transfer protocol system. This is expected to make transfers seamless and benefit USDC's market cap. Find out more on stablecoins. Meet and engage with transformative Digital Asset and Crypto...

A new stablecoin pegged against the Dirham was launched which will protect consumers from high inflation rates in the U.A.E.  What Happened: Former Softbank Group Corp executive Akshay Naheta founded a company, DTR, in the United Arab Emirates (UAE) International Financial Free...

Polygon (CRYPTO: MATIC), the leading layer 2 scaling solution on Ethereum (CRYPTO: ETH), will now enjoy the addition of USDC (CRYPTO: USDC) stablecoin on its blockchain network. It has the largest developer ecosystem and the strongest liquidity among all blockchains. PolygonUSDC will be...

After a year of pause on advancing Tether (CRYPTO: USDT) stablecoin loans to customers, Tether Group has initiated lending again after receiving multiple short-term loan inquiries in Q2 2023, according to The Wall Street Journal. The company believes that this will protect its long-term...

Tether Group, the issuer of stablecoin Tether (CRYPTO: USDT), is buying thousands of Nvidia (NASDAQ: NVDA) H100 GPUs for $420 million. The deal includes a 20% stake in German-listed bitcoin miner Northern Data, which intends to rent the chips to artificial intelligence (AI) startups. Tether will...

Within six weeks of launching its stablecoin PYUSD, PayPal Holdings Inc (NASDAQ: PYPL) managed to not only be compatible with numerous blockchain platforms but also been able to secure a spot in the New York Department of Financial Services (NYDFS) greenlist. What Happened? PayPal...

USDC (CRYPTO: USDC) is now on Polkadot. What Happened: The stablecoin can be transferred to parachains in Polkadot through the XCM protocol using Circle Account and Circle APIs. The announcement comes on the heels of Circle's announcement that the second-largest stablecoin by market cap will be...

Seychelles-based cryptocurrency exchange, Huobi announced that it will list PayPal’s (NASDAQ: PYPL) newly launched stablecoin (PYUSD) on its platform by Sep. 7, 2023. The exchange said withdrawals will be enabled by Sep.12. The actual trading of PYUSD will commence once the deposit...

Circle Internet Financial (CRYPTO: USDC) is relying on its substantial cash reserve of more than $1 billion to navigate the increasing challenges posed by non-crypto entities such as PayPal Holdings Inc (CRYPTO: PUSD) The company wants to reverse the dwindling market share of...

In a significant move to bolster the adoption of digital tokens for transactions, PayPal Holdings Inc. (NASDAQ:PYPL) announced Monday the launch of a new U.S. dollar-denominated stablecoin. Named PayPal USD (PYUSD), this digital currency is the brainchild of the San Jose-based financial giant...

Curve Finance (CRYPTO: CRV) has announced a reward of $1.85 million for information leading to the legal conviction of the individual or group behind the recent exploit of their system. The DeFi protocol's team stated on Aug. 6, "If the exploiter chooses to return the funds in...

Lawmakers are expressing concerns that proposed stablecoin legislation, set to pass the House Financial Services Committee, could inadvertently pave the way for tech moguls like Elon Musk to issue their own stablecoins.  What Happened:  During a markup of the bill, Rep. Maxine Waters (D-Calif.),...

Terraform Labs has appointed a new interim CEO, Chris Amani, amid the ongoing legal troubles of its co-founder, Do Kwon. What Happened: Amani, previously the company's COO and CFO, is stepping in to lead the crypto firm during this challenging time, The Wall Street Journal reported....

The former CEO and co-founder of the now-defunct cryptocurrency lender Celsius (CRYPTO: CEL), Alex Mashinsky, was taken into custody on Thursday. This arrest comes in the wake of a Department of Justice inquiry into the downfall of the company, Bloomberg reported, quoting sources. The...