News
A7A5 Emerges as the Top Non-USD Stablecoin Amid Sanctions
The ruble-pegged A7A5 stablecoin experienced a dramatic surge, claiming a significant market position despite facing heavy sanctions.
Crypto
Patrick Witt Takes Helm as White House Crypto Adviser, Prioritizes Market Structure Bill
The new executive director for the President's Council of Advisers on Digital Assets emphasizes legislative momentum and stablecoin law implementation in his initial remarks.
Crypto
Sky Proposes Innovative USDH Stablecoin Backed by $8 Billion Assets
Sky, previously MakerDAO, aims to leverage its financial strength in the race for Hyperliquid's stablecoin development.
Crypto
Hyperliquid Advances Towards Launch of Its Own Stablecoin
Hyperliquid, a prominent decentralized exchange, is set to introduce a proprietary stablecoin to minimize reliance on USDC and enhance revenue generation from reserve assets.
Finance
HBAR Faces a 2% Dip Following Wyoming's Stablecoin Choice as Selloff Persists
Hedera's HBAR token soared briefly before a selloff erased its gains after Wyoming selects it for its state-backed stablecoin.
Crypto
Fireblocks Expands Into Stablecoin Payments with New Network Launch
This new stablecoin network aims to enhance efficiency and reduce risks for users compared to existing fragmented systems.
Business
Utila Secures $22 Million, Triples Its Valuation Amid Rising Demand for Stablecoin Infrastructure
Utila, a crypto infrastructure provider, has raised $22 million, significantly increasing its valuation as the demand for stablecoin infrastructure surges.
Finance
Yen-Backed Stablecoin Arrives Just in Time as BOJ Expected to Raise Interest Rates
Anticipation grows for the introduction of a yen-backed stablecoin coinciding with expected rate hikes from the Bank of Japan, which could enhance the attractiveness of Japanese assets.
Crypto
Gemini Launches New XRP Credit Card, Enhances Ripple USD Usage for U.S. Clients
Gemini introduces an XRP credit card with benefits for consumers, while also expanding the utility of Ripple's RLUSD stablecoin.
Finance
Ripple and SBI Set to Launch RLUSD Stablecoin in Japan by 2026
Ripple and SBI VC Trade aim to introduce a new stablecoin, RLUSD, in Japan, enhancing the country's digital finance landscape.
Finance
Circle Acquires Malachite for New Blockchain Initiative
Circle, the issuer of the USDC stablecoin, has announced the acquisition of Malachite, a consensus engine from Informal Systems, to enhance its upcoming Arc blockchain aimed at stablecoin transactions.
Finance
Bankers and Consumer Advocates Unite to Revise Stablecoin Legislation
U.S. banking institutions are collaborating with consumer advocacy groups to amend the recently established stablecoin legislation known as the GENIUS Act, even before regulators have initiated their drafting process.
Crypto
U.S. Sanctions Crypto Entities Linked to Ruble-Backed Stablecoin and Closed Exchange
The U.S. Treasury has imposed restrictions on a network associated with the Russian crypto market, citing illegal activities and sanctions evasion.
Crypto
Projected Growth of Stablecoin Payments to Surpass $1 Trillion by 2030
A report from Keyrock and Bitso anticipates significant growth in stablecoin payments driven by institutional adoption, foreign exchange, and cross-border transactions.
Finance
Korea's Onshore Won Policy May Impede Stablecoin Growth
South Korea's decision to halt its central bank digital currency project in lieu of private stablecoins could dampen demand for a won-backed digital asset.
Crypto
MetaMask Set to Launch Its Own Stablecoin This Week
MetaMask is preparing to announce details about its forthcoming US dollar-pegged stablecoin, mUSD, which is set to launch soon.
Finance
Circle's Stock Dips 6% in After-Hours Trading Following Secondary Offering Announcement
Circle has launched a secondary stock sale for 10 million shares, resulting in a 6% drop in stock value during after-hours trading.
Crypto
Coinbase Announces Relaunch of Stablecoin Funding Initiative to Enhance DeFi Liquidity
Coinbase is set to revive its Stablecoin Bootstrap Fund launched in 2019, targeting stablecoin liquidity across various DeFi platforms including Aave and Morpho.
Business
Transak Secures $16 Million from IDG Capital and Tether to Enhance Stablecoin Payment Solutions
Transak has successfully raised $16 million in a funding round aimed at boosting its stablecoin payment infrastructure and expanding into new markets.
Business
Circle Introduces Arc Layer-1 Blockchain and Reports Significant Q2 Loss
Circle announced a $428 million net loss for Q2, despite a revenue boost linked to its USDC stablecoin, while unveiling its new Arc blockchain aimed at enhancing stablecoin transactions.
