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stablecoin

Leading Banks in South Korea Collaborate to Create Won-Backed Stablecoin

A consortium of South Korea's major commercial banks is working on a stablecoin linked to the Korean won, aiming to counter the dominance of foreign stablecoins.

Finance

Circle Stock Plummets 15% as BIS Raises Concerns on Stablecoins

Circle's stock saw a 15% decline following a report from the Bank for International Settlements questioning the stability of stablecoins in financial systems.

Finance

Mastercard Enhances Stablecoin Capabilities With New Integrations

Mastercard expands its network to incorporate various stablecoins, including PayPal’s PYUSD and the Global Dollar (USDG), facilitating seamless transactions.

Finance

Circle Achieves Record Market Capitalization Approaching Coinbase

Circle's remarkable surge showcases the intensifying demand for stablecoins, with the company's valuation nearing that of crypto giant Coinbase.

Finance

Trump Urges Quick Passage of Stablecoin Bill Amidst Key Lawmaker's Cautions

The chair of the House Financial Services Committee suggests ongoing negotiations for the stablecoin legislation despite Trump's insistence on rapid approval.

Crypto

Hong Kong's Financial Secretary Announces Start of Stablecoin Licensing

Hong Kong's stablecoin ordinance is set to be enacted on August 1, 2025, establishing a regulatory framework for stablecoins.

Crypto

Peter Schiff Advocates for Gold-Backed Stablecoins, Questions Dollar-Pegged Alternatives

Prominent crypto critic Peter Schiff critiques U.S. dollar-pegged stablecoins and shares plans to develop a gold-backed token.

Business

Visa Enhances Stablecoin Operations in Europe, the Middle East, and Africa

Visa has expanded its stablecoin services throughout the CEMEA region and partnered with the African crypto exchange Yellow Card.

Finance

Circle's Stock Soars After Senate Passes Stablecoin Legislation, Fueling Investor Confidence

A significant rally in Circle's shares follows the U.S. Senate's approval of a bill aimed at integrating regulated stablecoins into the financial system, reflecting the company's strong potential in upcoming digital payment frameworks.

Crypto

Coinbase Introduces Fast USDC Payment Solutions in Collaboration with Shopify

Coinbase Payments is now available, facilitating swift global transactions for merchants without requiring blockchain expertise.

Crypto

First Fully Tokenized Oil and Gas Acquisition in Latin America Completed

A $75 million deal for an operational oil and gas facility was finalized through tokenized methods, highlighting a shift in capital markets.

Crypto

CoinDesk Indices and Sentora Launch Benchmark for Stablecoin Overnight Rates

New benchmarks are set to align stablecoin borrowing data with traditional money market tools, facilitating enhanced financial strategies.

Crypto

JP Morgan's Crypto Innovation: Is a Stablecoin Next?

JP Morgan's Kinexys Digital Payments achieves a groundbreaking asset settlement utilizing blockchain technology, signaling a new era for traditional finance.

Crypto

Cardano's ADA Faces a 6% Decline Amid Controversy Over $100 Million Liquidity Proposal

Cardano's ADA token experienced a significant drop as discussions heat up regarding the deployment of treasury funds to enhance stablecoin liquidity.

Business

Maple Finance Collaborates with Lido to Provide Stablecoin Loans

Maple Finance announces a significant partnership with Lido Finance to offer stablecoin credit lines backed by Lido's staking token stETH.

Crypto

Tether Acquires $82 Million Stake in Gold Investment Firm Elemental Altus

Tether has taken a significant step in diversifying its investment portfolio, purchasing a one-third stake in Elemental Altus for approximately $89.2 million.

Crypto

Plasma's Stablecoin Network Hits $1B Deposit Cap in Just 30 Minutes

Plasma's recent cap increase to $1 billion was quickly reached as the community pushes for fair participation amidst rapid sellout concerns.

Crypto

U.S. Senate Advances Groundbreaking Stablecoin Legislation as House Moves Forward with Market Structure Reforms

The U.S. Senate took significant steps toward finalizing its inaugural crypto regulation bill while the House of Representatives pushes onward with essential market structure reforms.