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…
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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…
20% Yields and Regulatory Uncertainty: The Resurgent Interest in Stablecoins Amid Risks
In the tumultuous landscape of cryptocurrencies, the investment mechanism behind stablecoins is witnessing a resurgence. This approach, fraught with both allure and risk, aims to create a stablecoin pegged to the US dollar while offering yields comparable to traditional markets.…
Circle Internet Financial Prepares for IPO: Evolution, USDC Stablecoin, Market Dynamics, and Regulatory Landscape
Circle Internet Financial Ltd. has revealed its plans to launch an initial public offering (IPO) after re-evaluating its path to going public, including a previous attempt through a special purpose acquisition company (SPAC). Under the leadership of CEO Jeremy Allaire,…
Coinbase Wallet Allows Cross-Border Transactions with Free Stablecoin Transfers
Key Highlights: In a bid to streamline its decentralized Wallet product and foster economic freedom. Coinbase announced significant changes on Tuesday, with the spotlight on a groundbreaking feature. This new addition allows Coinbase Wallet users to seamlessly send USDC stablecoins,…
The Future of Stablecoins: Significance and Regulatory Vulnerability
In the rapidly evolving world of cryptocurrencies, 2023 has been a pivotal year. Prominent figures in the industry, such as Sam Bankman-Fried of FTX and Changpeng Zhao of Binance, have faced legal actions from US authorities. However, amidst these developments,…
Binance Announces Termination of BUSD Stablecoin Support on December 15
In a recent announcement, Binance, one of the leading cryptocurrency exchanges, revealed its decision to terminate support for its BUSD stablecoin on December 15. The move comes after Paxos, the company responsible for issuing BUSD, was instructed to cease minting…
Canza Finance’s Baki Stablecoin, Expands Forex Landscape in Africa with Avalanche Integration
Canza Finance, has unveiled Baki, a revolutionary stablecoin platform constructed on Avalanche, designed to bolster an assorted array of fiat currencies throughout Africa. With the introduction of Baki, Canza Finance takes a substantial leap in ushering forex trading into burgeoning…
Paxos Obtains Regulatory Approval in Singapore for US Dollar Stablecoin Initiative
In a notable stride, Paxos, a forefront blockchain platform, has attained preliminary endorsement from the Monetary Authority of Singapore (MAS) for its venture, Paxos Digital Singapore. This endorsement marks a significant breakthrough, permitting Paxos to extend its stablecoin platform denominated…