Solana’s native cryptocurrency SOL has seen a fresh breakout over the last few days, rallying over 15% on strong technical momentum. The price action comes after SOL formed a solid support base above $18.80 and broke past key resistance levels…
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United Arab Emirates Introduces Comprehensive Regulations and Legislation for Stablecoins and Digital Assets
In a significant move towards fostering a robust and secure digital asset ecosystem, the United Arab Emirates (UAE) has recently issued comprehensive regulations and legislation pertaining to stablecoins and digital assets. These new measures aim to provide clarity, legal certainty,…
Binance Japan partners with mega-bank MUFJ on stablecoin project
Mitsubishi UFJ Trust and Banking Corporation, Japan’s largest banking group, and Binance Japan, the local arm of the world’s biggest cryptocurrency exchange, have partnered to create fiat-pegged stablecoins. This collaboration utilizes the “Progmat Coin” platform, which is led by Mitsubishi’s…
Wormhole Incorporates Native USDC Transfers Across Four Blockchain Networks
Introduction In a groundbreaking development for the blockchain ecosystem, Wormhole has successfully integrated Circle’s Cross-Chain Transfer Protocol (CCTP), enabling seamless transfers of USD Coin (USDC) across Ethereum, Avalanche, Arbitrum, and Optimism networks. This integration marks a significant milestone in the…
USDC Native Integration Expands Across the Polkadot Ecosystem
Introduction Welcome to our comprehensive coverage of the recent development in the Polkadot ecosystem. In this article, we will explore the exciting news of the native integration of USDC, the second-largest stablecoin by market cap, into the Polkadot network. This…
Unlocking the Potential: Coinbase’s USDC Interest Rate Soars to 5%
In the dynamic world of cryptocurrencies, staying ahead of the curve is imperative. In this article, we delve into the exciting development at Coinbase, where they have raised their USDC (USD Coin) interest rate to an impressive 5%. This strategic…
Visa to Send Stablecoin USDC over Solana to Help Pay Merchants in Crypto
As Visa aimed to expand its potential to more clients, there was an urgent need to utilize newer, high-performance blockchains that could send and receive stablecoins at a faster rate and at a lower cost. For these reasons, Visa supported…
Tether is One of the Biggest US T-Bills Holders – Why is this Important?
Tether, a leading stablecoin issuer, has published an attestation report for Quarter 2 of 2023. The report shows that the company owns $72.5 billion of US treasury bills, with an excess reserve of $3.3 billion. Now, just to give you…
Singapore among World’s First to Agree to Stablecoin Crypto Regulation
Making the dawn of new age, The Monetary Authority of Singapore (MAS) announced its rules for using and adapting a stablecoin cryptocurrency. Singapore is one of the earliest in setting the bar by finalizing stablecoin regulations. This stablecoin crypto regulation…
USDC Depeg’s, currently at .92cents, Circle Confirms $3.3B Stuck with Silicon Valley Bank
Circle, the company behind USDC, the second-largest stablecoin in circulation, recently confirmed that its cash reserves worth $3.3 billion(alleged 9.8 billion from Deloitte audit ) have been stuck with Silicon Valley Bank (SVB), which was taken over by regulators and…
