Tag: Stablecoins
StablecoinX to Go Public With TLGY, Builds $360M ENA Reserve
StablecoinX merges with TLGY, securing $360M ENA reserve for growth. Five-year renewable deal expands Ethena’s stablecoin reach and power. Ethena Foundation grows ENA supply, eyes…
Mastercard Calls GENIUS Act Marks Turning Point for Stablecoins
GENIUS Act marks first U.S. law for dollar-backed stablecoin regulation. Mastercard says clear stablecoin rules boost trust, encourage wider mainstream adoption. Big banks and tech…
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 connects global…
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 have…
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 strengthen China’s…
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 about…
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 has…
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 criminal…
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. The measure…
