Category: Stablecoins
Thailand Investigates Large USDT Transactions Amid Money Laundering Concerns
Thailand will review large USDT transactions and require proof of funds for cash deposits above THB 5 million to fight money laundering. Thailand is introducing…
Hyundai Completes First USDT Transfer on Avalanche in Treasury Breakthrough
Hyundai completes a $20K USDT transfer on Avalanche, settling between U.S. and Mexico units in about seven minutes. Hyundai Motor has completed a $20,000 USDT…
Circle’s USDC Bridge Could Change How Stablecoins Move Across Chains
Circle launches USDC Bridge for direct cross-chain transfers as OCC approves its national trust bank plan. Circle has launched USDC Bridge to help users move…
Hyundai Card Tests Stablecoin Payments in Global Automotive Shift
Hyundai Card completed a $20,000 USDT transfer between US and Mexico subsidiaries in seven minutes. The pilot used Avalanche, Tether, and Axiym to test faster…
Circle Hit With Criminal Complaint After Rejecting USDC Seizure Request
Circle faces a Wisconsin complaint over refusing a court-ordered USDC recovery action. Prosecutors say stablecoin issuers face growing pressure to support scam investigations. The case…
PayPal Partners With Polygon to Boost PYUSD Stablecoin Adoption
PayPal launches PYUSD stablecoin natively on Polygon, helping businesses make faster, regulated global payments through the new Open Money Stack platform. PayPal has expanded its…
Stablecoin Inflows Hit 18-Month Low While Ethereum Builders Ignore It
Stablecoin inflows to exchanges just fell to an 18-month low, yet Ethereum developers are deploying smart contracts at a record pace anyway. Bitcoin traded near…
Korean Companies Deny Joining Open USD Alliance After Surprise Listing
Korean firms denied formal Open USD membership despite appearing on the alliance’s public roster. Several companies said Open Standard only discussed possible participation without agreements.…
Europe’s Largest Fintech Is Dropping USDT: Here’s the Timeline
Revolut will stop supporting USDT on August 31, after ending purchases July 6 and new deposits July 30 for affected users. Revolut has told customers…
