Tag: Stablecoins

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Stablecoins

Alchemy Pay Shifts Focus to Stablecoin Blockchain with New White Paper

Alchemy Pay unveils new Layer 1 Chain focused on stablecoin payments. GENIUS Act fuels Alchemy Pay’s push for global stablecoin adoption. Alchemy Chain...
Altcoin News

Can Ethereum Make A New All-Time High This Year?

Key Insights: Ether has surged 47% in 30 days. It is outperforming Bitcoin and most of the crypto market. Institutional inflows into Ether ETFs...
News

China Mulls Yuan-Backed Stablecoin via State Firms

China explores yuan-backed stablecoins through trusted state-owned firms in Shanghai. Shanghai leaders push digital currency research, eye stablecoin experiments with companies. Stablecoins may...
Market News

Why is Tether Stockpiling $8 Billion Worth of Gold in A Secret Swiss Vault?

Key Insights:  Tether has just announced that it holds nearly 80 tons of gold in a “secret” Swiss vault. Tether’s gold holdings aren’t just...
CBDC

South Korea Forced To Abandon CBDC Project As Commercial Banks Favor Stablecoins

Key Insights: The Bank of Korea has paused its CBDC trials due to commercial banks favoring stablecoins. South Korea's President Lee Jae-myung's pro-crypto stance...
Regulations

Bank for International Settlements (BIS) Says Stablecoins “Fail As Money”: Here’s Why

Key Insights: The Bank for International Settlements (BIS) argues that stablecoins "fail as money". Stablecoins lack "singleness," "elasticity," and "integrity," making them vulnerable to...
Stablecoins

South Korea Pushes Crypto Reform With Digital Asset Bill

Stablecoins are codified into law in South Korea under the Digital Asset Basic Act. Local enterprises require 500M won to produce reserve-backed stablecoins. ...
Stablecoins

Uber Taps Stablecoins to Revolutionize Global Payments and Transfers

Uber is studying stablecoins to streamline global payments.  Stablecoins could cut cross-border fees and delays significantly.  CEO Dara Khosrowshahi sees blockchain as a...
Stablecoins

FTX Set to Distribute $5B in Stablecoins to Creditors

FTX will provide investors $5B in stablecoins by May 2025. Total claims are $11.745M, with recoveries at 123%-138%. The 2022 asset valuations used...
Market News

Russia Tightens Grip on USDT, Permits Cross-Border Crypto Use

Russia's new rules exclude USDT from domestic use due to sanctions risks.  Cross-border crypto transactions, including USDT, remain legal for international trade. The Central...
Market News

Italy Warns of Crypto Risks Amid Trump’s Support Surge

Trump’s crypto support contrasts with Italy’s cautious stance.  Digital assets’ ties with finance threaten global stability.  Stablecoins’ reliance on U.S. bonds raises systemic...
News

Circle Secures ADGM Approval to Expand Stablecoin Services in UAE

Circle receives ADGM approval to expand stablecoin services in UAE. Circle eyes full regulatory approval to operate in UAE's digital market. Circle, a global...
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