Tag: Stablecoins
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USDC Circulating Supply Falls $800M as Redemptions Lead
USDC circulating supply fell about $830 million in Circle’s November 5 transparency window. Circle issued about $12.66 billion of USDC over seven days and redeemed…
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CBN Crypto P2P BVN Match Required Before Token Release
The Central Bank of Nigeria has set a hard CBN crypto P2P BVN match rule for platform peer-to-peer deals. Section 10.3.3 of its Regulations for…
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CBN Sets N15bn Capital Bar for Dollar Stablecoin Issuers
The Central Bank of Nigeria (CBN) has set an N15 billion paid-up capital floor for Class 2 foreign-currency stablecoin issuers. That CBN stablecoin capital requirement…
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Taiwan Sets NT$300 Million Stablecoin Capital Floor
Taiwan’s Financial Supervisory Commission (FSC) said on November 3, 2026 that it has drafted rules for licensed stablecoin issuance. The package includes a Taiwan stablecoin…
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HSBC RedCoin Hits 50,000 Users in First Week After Hong Kong Launch
The HSBC RedCoin stablecoin has signed up 50,000 users in just over a week. Group CEO Georges Elhedery disclosed the figure on Monday at Hong…
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Binance Restores USDT and USDC Withdrawals After Breach
Binance USDT USDC withdrawals are open again. Ethereum and BNB Smart Chain are in the first wave. Phase one ran on November 1, 2026, between…
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USDC Circulation Falls $800M as Redemptions Beat Mints
USDC circulation redemptions outpaced new mints in Circle’s October 29 transparency window. Circle issued about $10.92 billion of USDC over seven days and redeemed about…
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First Digital Confirms FDUSD Freeze of 3.4M Tied to Binance Attack
The FDUSD freeze after Binance’s security incident is now on the record from the issuer. First Digital CEO Vincent Chok confirmed the firm froze stolen…
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Moody’s RLUSD Rating Hits A2 Investment Grade for Ripple
Moody's RLUSD rating now puts Ripple USD at A2 for long-term deposits and P-1 for short-term deposits. Moody's Ratings calls both marks investment grade under…
