Crypto
Kyrgyzstan Set to Launch Gold-Backed Stablecoin USDKG in Q3
Kyrgyzstan is preparing to introduce the Gold Dollar (USDKG), a stablecoin securely backed by gold reserves of $500 million, with plans to expand that amount significantly.
Crypto
Tether Plans U.S. Stablecoin Launch by Year-End, CEO Reveals
Tether's CEO, Paolo Ardoino, discusses the company’s intentions to launch a U.S.-focused stablecoin dependent on new legislation.
Adoption
Trump-Associated Stablecoin Involved in $2 Billion Binance Investment with Abu Dhabi Firm
A landmark investment involving a Trump-linked stablecoin has made waves in the crypto community, raising ethical concerns and scrutiny.
Crypto
SEC Closes Inquiry into PayPal's PYUSD, Clearing Path for Its Stablecoin
The SEC has terminated its investigation into PayPal's dollar-pegged stablecoin, PYUSD, signaling a positive development for the company's stablecoin strategy.
Finance
World Liberty's Stablecoin to Facilitate MGX's $2 Billion Investment in Binance
Eric Trump announces that World Liberty Financial's USD1 stablecoin will be integral to closing MGX's $2 billion deal with Binance, integrating with the Tron ecosystem.
Crypto
Ripple's Proposal for Circle: $4 to $5 Billion Offer Rejected, Says Bloomberg
Ripple made an offer between $4 billion and $5 billion to acquire stablecoin issuer Circle, which was reportedly declined due to low valuation concerns.
Crypto
PayPal Announces SEC's Conclusion of Inquiry Into Its Dollar-Backed Stablecoin
The SEC has officially concluded its probe into PayPal's stablecoin, PYUSD, without any enforcement actions, revealed in a recent regulatory filing.
Blockchain
Citi Foresees Stablecoins Leading Blockchain Revolution, Projected to Reach $3.7 Trillion by 2030
Citi's forecast indicates that stablecoin adoption may mirror the transformative impact of AI applications, with significant growth anticipated in the coming years.
Crypto
Coinbase Launches No-Cost Conversion for PayPal's PYUSD as Stablecoin Rivalry Grows
Coinbase has initiated free exchanges between PayPal's PYUSD stablecoin and U.S. dollars, aiming to enhance on-chain payment adoption amid intensifying competition in the stablecoin market.
Crypto
Ensuring Financial Privacy in Stablecoin Legislation
Legislation regarding stablecoins must avoid leading to excessive financial surveillance of users, as experts emphasize.
Crypto
PayPal Set to Offer 3.7% Annual Yield on PYUSD to Boost Adoption
The initiative aims to enhance utilization of PayPal's stablecoin amidst intense competition.
Altcoins
AAVE's Surge of 12.5% Stimulated by Bitcoin's Resurgence and Buyback Initiatives
AAVE cryptocurrency is on the rise, driven by a Bitcoin rally, a significant buyback program, and stablecoin developments. Will AAVE/USDT hit the $400 mark?
Business
ING Bank Pursues Collaboration on New Stablecoin with Financial Institutions
ING Bank is reportedly collaborating with other financial institutions to develop a stablecoin, taking advantage of newly established cryptocurrency regulations in Europe.
Crypto
Russia Considers National Stablecoin Following US Action on Garantex Wallets
A senior Russian finance official calls for a state-backed stablecoin as the US enforces actions against Garantex, raising concerns over reliance on foreign assets.
Crypto
Zero Hash Processes $2 Billion in Fund Flows as Demand for Real-World Assets Increases
Zero Hash has processed significant tokenized fund flows in just four months, highlighting the growing institutional interest in on-chain assets.
Crypto
EURC Stablecoin Sees 43% Surge to All-Time High in Supply Amid Dollar Instability
The recent rise in Circle's EURC stablecoin supply reflects growing interest in euro-denominated digital assets as concerns about the U.S. dollar grow.
Finance
Visa Joins Paxos and Robinhood's Stablecoin Initiative
Visa is entering the Global Dollar Network, a consortium focused on stablecoins, joining major players like Robinhood and Kraken.
Crypto
Stablecoins Transforming International Money Transfers, Says a16z
Stablecoins are changing the landscape of global money transfers by reducing expenses and cutting out intermediaries.
Altcoins
World Liberty Financial, Supported by Trump, Suggests Airdrop of USD1 Stablecoin to Token Holders
The DeFi platform World Liberty Financial, associated with the Trump family, proposes an airdrop of its USD1 stablecoin to current token holders as part of a test.
Finance
Cap Secures $11 Million for its New Stablecoin Engine Amid Industry Growth
Cap's recent funding of $11 million aims to enhance their stablecoin technology, responding to rising market interest.
