Triple-A Adds PayPal Stablecoin to Payment Options in Singapore

Triple-A, a leading payments company based in Singapore, is set to enhance its payment services by including PayPal’s stablecoin among the list of tokens accepted for merchant payments. As the first licensed crypto payments company in Singapore, Triple-A has been…

Stablecoin Bill Gains Unexpected Support from Senate Chair Sherrod Brown

Sherrod Brown, the Senate Banking Committee chairman and a known critic of cryptocurrencies, has expressed openness to advancing a long-delayed bid for stablecoin legislation. This unexpected support from Brown, a Democrat representing Ohio, has the potential to significantly enhance the…

US Senators Cynthia Lummis and Kirsten Gillibrand Propose Bipartisan Legislation for Payment Stablecoins

US senators Cynthia Lummis and Kirsten Gillibrand have joined forces to introduce a groundbreaking bipartisan legislation known as the Lummis-Gillibrand Payments Stablecoin Act. The primary objective of this proposed law is to establish a clear regulatory framework for payment stablecoins…

FDUSD Stablecoin Launches on Sui Network Through First Digital Labs

In the realm of cryptocurrencies, stability and reliability are crucial factors that users seek in order to navigate the volatile landscape. First Digital Labs, a force in the blockchain industry, is set to introduce FDUSD, the first native, non-wrapped stablecoin…

Sony Bank Embarks on Stablecoin Trial Using Polygon Blockchain

Sony Bank, the banking and financial arm of the renowned Japanese technology conglomerate, has taken an innovative step forward by initiating a proof-of-concept to issue its own fiat-pegged stablecoin on the Polygon blockchain. This move comes as part of Sony’s…

OKX Crypto Exchange Ends USDT Trading Pairs in EEA to Enhance Euro Liquidity

In a recent announcement, crypto exchange OKX revealed its decision to discontinue support for digital currencies traded against Tether Holdings Ltd’s USDT token for users based in the European Economic Area (EEA). This move comes as OKX aims to prioritize…

Sui’s USDY: The Crypto Market with a Native Stablecoin-Alternative

Sui, the decentralized finance (DeFi) platform, has been making waves in the crypto space with its remarkable success. In just nine months, Sui has surpassed half a billion dollars in total value locked, establishing itself as a powerhouse in the…

JPMorgan warns that the growing dominance of Tether’s stablecoin could pose a threat to the cryptocurrency market

In an unprecedented leap, Tether Holdings, the powerhouse behind the most widely utilized stablecoin, USDT, is on the brink of a historic achievement—surpassing the $100 billion mark in circulation. This monumental milestone not only cements Tether’s position as the frontrunner…

Tether’s net profits are now 10% of JPMorgan’s with just 50 employees with ‘total profit of 6.2B for 2023. Can Crypto shake the banking industry ?

Tether, the leading stablecoin issuer, has recently released its Q4/2023 attestation, revealing impressive financial performance and laying the foundation for a prosperous year ahead. In this article, we will delve into the key highlights of Tether’s latest report, showcasing the…

Hong Kong’s Initiative to Regulate Stablecoins Draws Interest from Key Financial Players

A push is underway in Hong Kong to establish regulatory rules for stablecoins, with the aim of providing a framework for their operation within the region. The initiative, which has gained interest from major industry players such as Harvest Global…