Stablecoin

Deutsche Bank Reveals 14% Currency Peg Survival Rate Signals Stablecoin Risks

In a study recently conducted by analysts at Deutsche Bank Research, a comprehensive analysis of 334 currency pegs since the year 1800 has revealed a startling truth: only 14% of these pegs have managed to survive the test of time.…

SEC

SEC Targets Ripple Stablecoin as Unregistered Crypto Asset in Ongoing Legal Battle

The U.S. Securities and Exchange Commission (SEC) has recently set its sights on Ripple’s highly anticipated stablecoin. In a recent filing, the SEC characterized the stablecoin as an “unregistered crypto asset.” Ripple, known for its innovative approach to bridging traditional…

Stablecoin

Visa and Allium Labs Report Indicates Over 90% of Stablecoin Transactions May Not Involve Real Users

Stablecoins, a type of cryptocurrency pegged to an underlying asset like the U.S. dollar, have garnered significant attention in recent years. Proponents argue that stablecoins have the potential to revolutionize the payments industry, offering fast, low-cost transactions. However, a new…

Stablecoin

Tether Records 4.52 Billion Profit with Gains from US Treasuries and Crypto

Tether Holdings Ltd., the operator of the largest stablecoin, has announced a remarkable achievement in the first quarter of this year. The British Virgin Islands-incorporated company reported a record net profit of $4.52 billion, driven by multiple factors including interest…

Stablecoin

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

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…

Stablecoin

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…

Stablecoin

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…

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…

Crypto Exchange

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…