Stablecoins Drive Change in Russian Commodities Trade

The landscape of financial transactions for Russian commodities firms has undergone a significant transformation. In the face of mounting international sanctions and financial restrictions, these firms have turned to innovative solutions to ensure the seamless execution of cross-border deals. Among…

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…

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.…

Federal Reserve’s Barr Warns of Uncontrolled Volatility in Stablecoins and Private Cryptocurrencies, Including Bitcoin, Without Regulatory Safeguards

Bitcoin whales have been consistently accumulating the cryptocurrency since the beginning of 2023, resulting in a substantial increase in the number of addresses holding more than 1,000 BTC. These whale addresses have collectively acquired a staggering total of 7.66 million…

BlackRock Identifies Risks of USDT and USDC Stablecoins to Bitcoin

The BlackRock Spot Bitcoin ETF filing has recently made waves in the digital asset sector, capturing the attention of market participants and enthusiasts worldwide. As the largest asset manager globally, BlackRock’s decision to pursue a Spot Bitcoin ETF has garnered…

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,…

UK Legislators Approve the Recognition Of Cryptos As Regulated Financial Instruments

On October 25, the British Parliament’s Chamber of Commons, which is the lower house, authorized the designation of crypto assets as regulated financial instruments. The proposed measure will include stablecoins in the current legal framework for assets with a payments-focused…

Ripple Defies Bear Market and Court Case To Make Big Moves In France and Sweden

Cryptocurrency payments company Ripple Labs continues to defiantly beat the odds as it seeks to beat the SEC case and reestablish itself in the crypto space. The company has established new relationships in France and Sweden, advancing farther into Europe…