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stablecoin

Ethereum's Hold on Second Place at Risk as Stablecoins Rise

The market position of Ethereum is under threat due to the rapid growth of stablecoins, particularly Tether, which is affecting its ranking.

Crypto

Impact of Stablecoin Regulatory Ambiguity on Banks

Uncertainties in stablecoin regulation could put traditional banks at a disadvantage compared to crypto companies as they pause to wait for clarity.

Ecosystem

Tether Invests in Ark Labs to Enhance Bitcoin's Stablecoin Capabilities

Tether has joined a $5.2 million funding round for Ark Labs, aimed at building infrastructure for stablecoin transactions on the Bitcoin network.

Economy

Bank of England Considers Alternatives to Proposed Stablecoin Holding Limits

The UK central bank is reassessing its approach to controlling stablecoin risks after criticism that proposed limits could impede innovation.

Crypto

Societe Generale-FORGE Introduces Euro-Pegged Stablecoin on Stellar

Societe Generale-FORGE has launched its euro-backed stablecoin EUR CoinVertible (EURCV) on the Stellar blockchain as part of its multichain strategy.

Crypto

BitGo Partners with StableX for $100M Stablecoin Custody

BitGo will handle custody and trading for StableX's new digital asset treasury aiming at stablecoins worth $100 million.

Crypto

Binance's Stablecoin Reserves Plummet by 19% in Recent Months

The leading cryptocurrency exchange Binance has seen a significant drop in its stablecoin reserves, affected by market dynamics and regulatory conditions.

Crypto

SEC Permits Broker-Dealers to Use 2% 'Haircut' on Stablecoin Holdings

The SEC has clarified that broker-dealers can count stablecoin holdings towards their net capital with a 2% haircut, easing previous regulations.

Crypto News

Société Générale Introduces Euro Stablecoin on XRP Ledger

Société Générale has launched its euro stablecoin, EUR CoinVertible, on the XRP Ledger, enhancing its multi-chain strategy.

Crypto

Tether's USDT Experiences Its Largest Monthly Supply Reduction Since FTX Crash

Tether's USDT is on track for a significant decrease in circulating supply, marking the largest drop since the FTX collapse as major investors reduce their holdings.

Crypto

A7A5 Stablecoin Develops Alternative Financial Network Amid Sanctions

The A7A5 stablecoin is reportedly facilitating an alternative financial system for sanctioned companies, reflecting a rise in illicit cryptocurrency activities.

Finance

Crypto Firms Suggest Stablecoin Solutions Amid Senate Delays

Crypto companies are proposing ways to ease legislation stalling in the Senate regarding market structure and stablecoins.

Crypto

Concerns Raised by New York Officials About GENIUS Act's Impact on Stablecoin Regulation

New York prosecutors express worries that the GENIUS Act may inadvertently allow fraud in the stablecoin market.

Finance

Tether Enhances USDt and Gold Support in Opera's MiniPay Wallet

Tether joins forces with Opera to improve financial accessibility in developing regions through its MiniPay wallet.

Crypto

Tether Sees Record US Treasury Holdings Amid Yearly Profit Decline

Tether reports a significant increase in US Treasury holdings while experiencing a drop in profits year on year.

Crypto

Europe Advances with MiCA as US Crypto Regulations Remain Unclear

With Europe rolling out the MiCA regulations and the US yet to define its crypto rules, the terrain for global crypto markets is shifting significantly.

Crypto

Remittances Surpass Aid Importance as Africa Embraces Stablecoins

Vera Songwe discusses the growing significance of remittances and stablecoins in Africa, highlighting their advantages over traditional money transfer systems.