Stablecoin

U.S. Securities and Exchange Commission chief Gary Gensler is taking the lead in regulating the crypto industry, while Republicans have yet to propose any restraints on his authority. With the 2024 campaign season approaching, and Democrats controlling the Senate, time is running out for GOP...

Aave Companies, one of the primary contributors to the Aave (CRYPTO: AAVE) decentralized finance (DeFi) lending protocol, wants to initiate the decentralized stablecoin GHO as an ERC-20 token on the Ethereum mainnet. Introducing GHO by means of Facilitators enables users of the third version of...

Smart wallet infrastructure provider Safe announced on Thursday a partnership with Monerium, an on-chain fiat issuer, to integrate the latter's Web3 IBAN and EURe fiat on/off-chain payments directly into individual Safe smart accounts. The company stated this partnership was...

Payment services company Circle (CRYPTO: USDC) is contemplating the issuance of a stablecoin in Japan, following the recent implementation of legislation governing stablecoins in the country. The firm's co-founder and CEO, Jeremy Allaire, told CoinDesk that Japan could become a significant...

Hong Kong government should consider launching its own stablecoin, the HKDG, backed by its foreign exchange reserves. That's according to a proposal put forward by web3 expert and Hong Kong University Vice Chancellor Wang Yang; angel investor Cai Wensheng; BlockCity founder Lei Zhibin; and Ph.D...

Real World Asset (RWA) protocol announced the mint of HOME, the first mortgage-backed stablecoin on the XRP Ledger (XRPL) blockchain. Built on the RWA protocol, HOME will provide institutions and individuals with access to the stability and cash flows offered by mortgages in the U.S., the...

MakerDAO announced on Wednesday a significant addition of $700 million in U.S. Treasury bonds to its holdings, which took its total bond holdings to $1.2 billion, a move aimed at backing DAI with real-world assets. MakerDAO is a Defi lending protocol and the company behind the...

Jerome Powell, Chair of the Federal Reserve, on Wednesday, acknowledged the enduring nature of cryptocurrencies as a category of assets. In a hearing with the House Financial Services Committee, he shared his perspective during a discussion that initially centered on the Federal Reserve's...

In a major move, Tether Operations Limited, the company behind the stablecoin Tether (CRYPTO: USDT), has announced the launch of its US dollar-pegged tokens on the Kava (CRYPTO: KAVA) blockchain. Kava is known for its scalability and speed, making this a significant addition for Tether....

Terra founder Do Kwon refuted allegations of possessing a counterfeit passport during a court session in Montenegro, claiming that the Costa Rican passport in question was procured via a Singapore agency. In the court, Kwon was quoted as, “We applied for these passports through...

Cryptocurrency exchange Coinbase Global Inc (NASDAQ: COIN) on Friday announced that its global customers can now earn 4% rewards on USD Coin (CRYPTO: USDC). The move comes despite the ongoing scrutiny Coinbase faces from the U.S. Securities and Exchange Commission (SEC). USDC, a...

Tether's stablecoin (CRYPTO: USDT) has experienced a slight de-pegging as the Curve 3Pool, a prominent decentralized finance pool for stablecoin trading, has become heavily imbalanced. The ideal balance of the Curve 3Pool should be evenly distributed among its three stablecoins, USDT...

An automated trading bot recently performed a complex series of transactions on the Ethereum (CRYPTO: ETH) blockchain. According to The Block, the transactions involved a flash loan of $200 million and yielded a minuscule net profit of $3.24. Flash loans are essentially loans without...

BOCI, the investment banking subsidiary of the Bank of China, has broken new ground by launching tokenized structured notes worth 200 million offshore renminbi (equivalent to $28 million) on the Ethereum (CRYPTO: ETH) blockchain. The move marks BOCI as the pioneer among Chinese financial entities...

In a groundbreaking move, the U.S. House Financial Services Committee has unveiled a bipartisan draft bill addressing stablecoins, as part of a broader effort to shed light on the regulation of the digital asset landscape. The hearing titled, “The Future of Digital Assets: Providing Clarity...