#stablecoin

Do Kwon to Stand Trial in the US in January 2026

Do Kwon to Stand Trial in the US in January 2026

Terraform Labs co-founder Do Kwon is set to face a criminal trial in New York in January 2026 over the $40 billion TerraUSD stablecoin collapse in 2022. The trial is expected to last between 4 and 8 weeks.

9 Jan 2025

Tether Shifts Focus: From Stablecoins to Diversified Investments

Tether Shifts Focus: From Stablecoins to Diversified Investments

After multiple delistings of its USDT stablecoin from European exchanges, Tether is pivoting towards risk diversification and investing in promising Web3 projects.

27 Dec 2024

Goodbye USDT? MiCA Regulations Redefine EU Crypto Trading

New EU regulations on crypto assets, set to take effect in a few days, are already reshaping the stablecoin market. Many European crypto exchanges are delisting USDT to comply with MiCA requirements, leaving investors searching for alternative stable assets.

20 Dec 2024

Tether Invests in StablR as MiCA Regulations Approach

Tether Invests in StablR as MiCA Regulations Approach

Tether, the issuer behind USDT, has invested in StablR, a European stablecoin provider, as MiCA regulations loom. The move coincides with Tether’s decision to phase out its euro-pegged stablecoin EURT.

17 Dec 2024

Ripple’s RLUSD Stablecoin Officially Approved by NYDFS

Ripple’s RLUSD Stablecoin Officially Approved by NYDFS

Ripple’s RLUSD stablecoin has successfully passed all regulatory reviews and received final approval from the New York Department of Financial Services. Following the announcement, the team is already preparing for future exchange listings.

11 Dec 2024

EURØP Stablecoin by Schuman Financial Joins the Market

EURØP Stablecoin by Schuman Financial Joins the Market

Schuman Financial steps into the stablecoin arena with EURØP, a euro-backed token designed to comply with MiCA regulations and offer unmatched transparency.

26 Nov 2024

Binance to Launch BFUSD, a Reward-Bearing Margin Asset

Binance, a leading crypto exchange by trading volume, announced the launch of a new asset, BFUSD. The news has been actively shared on social media, with many users on X assuming BFUSD is a stablecoin.

19 Nov 2024

Paxos Launches Global Stablecoin Network

Several major financial companies have come together to create the Global Dollar Network, an open stablecoin network aimed at accelerating the global adoption of stable digital assets.

5 Nov 2024

Tether’s Net Profit Soars to $2.5 Billion

Tether’s Net Profit Soars to $2.5 Billion

Tether, the issuer of stablecoin USDT, reported $2.5 billion in net profit for Q3 2024. Independent auditing firm BDO confirmed that Tether’s total profit for the first nine months of 2024 reached $7.7 billion, with all declared reserves fully verified.

1 Nov 2024

Will Tether Survive U.S. Pressure? Paolo Ardoino Speaks Out

On October 25, the Wall Street Journal reported that U.S. authorities have launched an investigation into Tether, the leading issuer of stablecoin USDT. In response, Tether’s CEO Paolo Ardoino issued several remarks.

29 Oct 2024

Leadership Change at the FED — Michael Barr Steps Down

Leadership Change at the FED — Michael Barr Steps Down

Michael Barr, who has served as Vice Chair for Supervision at the Federal Reserve, will vacate his position by February 28, 2025, or upon the confirmation of his successor.

7 Jan 2025

Singapore’s Independent Reserve Adds RLUSD to Its Listings

Independent Reserve, Singapore’s trailblazing crypto exchange and the first to obtain a virtual asset broker license, has announced the listing of RLUSD, Ripple’s USD-pegged stablecoin.

24 Dec 2024

Kaiko Report: Regulated Stablecoins Take the Market Lead

With the MiCA (Markets in Crypto-Assets) framework coming into effect, the European crypto market is seeing profound changes. A joint study by Kaiko and Bitvavo highlights rising euro trading volumes and a reshaped stablecoin market landscape.

18 Dec 2024

Polygon Discusses Earning Yield from Stablecoin Reserves

The Polygon community has proposed a new liquidity program to deploy DAI, USDC, and USDT stablecoin reserves into yield-generating pools.

13 Dec 2024

Tether Ends EUR₮ Operations

Citing shifts in European stablecoin regulations, Tether has announced it will stop supporting its EUR₮ stablecoin.

27 Nov 2024

Singapore Gulf Bank Enters the Stablecoin Market

Singapore Gulf Bank is preparing to acquire a company specializing in stablecoin payments. To fund the acquisition, the bank aims to raise at least $50 million in a new financing round. The deal is expected to close by early 2025.

25 Nov 2024

Stablecoin Payments Platform BVNK Looks to Raise $50M

Blockchain-based and stablecoin-focused payments platform BVNK aims for a new funding round. According to Bloomberg, the startup, which is backed by Tiger Global Management, is in talks with potential buyers to raise at least $50M.

15 Nov 2024

Paxos Launches New Stablecoin USDG

On October 31, Paxos, a prominent blockchain and tokenization infrastructure provider, launched its new stablecoin, the Global Dollar (USDG), pegged to the U.S. dollar. USDG has been developed under the strict guidelines of the Monetary Authority of Singapore (MAS).

1 Nov 2024

Circle Partners with HKT to Develop Loyalty Program Solution

Circle, the issuer behind the USDC stablecoin, has entered into a memorandum of understanding with Hong Kong’s largest telecommunications provider, HKT, to jointly create a blockchain-based solution for loyalty program management.

29 Oct 2024

World Liberty Financial Set to Release a New Stablecoin

World Liberty Financial, the project championed by Donald Trump’s sons and fueled by a recent $14 million private investment, is moving closer to releasing its USD-pegged stablecoin. According to Decrypt, the team is now focused on solidifying the technical backbone for the new coin.

29 Oct 2024

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