Ripple to launch USD-pegged stablecoin
Ripple will launch a new stablecoin pegged to the U.S. dollar, entering the $150 billion market dominated by Tether and Circle. The new stablecoin will maintain a one-to-one value with …
Stablecoin
Binance forces conversion of 15 tokens to USDT
Cryptocurrency exchange Binance will force the conversion of 15 tokens into USDT. The reasons for Binance’s decision are unclear at press time. According to today’s platform announcement, Binance will convert …
Stablecoin protocol Prisma Finance hacked for over $11m
Stablecoin protocol Prisma Finance experienced a significant cyberattack, resulting in a nearly $11.6 million loss. The protocol’s operations have been temporarily halted for an ongoing investigation. This event marks the …
Hong Kong’s central bank launches stablecoin regulatory sandbox
Hong Kong has initiated a sandbox arrangement for stablecoin issuers to establish regulations for future operations. This move aligns with its objective to become a regional key player in the …
Tether’s USDT expands to Celo Network
Share this article Tether has announced the launch of its Tether USD (USDT) stablecoin on the Celo blockchain in a move aimed at increasing financial inclusion and empowering individuals globally. …
Conflux Network launches Hong Kong dollar-backed stablecoin
Conflux Network, a public blockchain in China, has announced testing of the AxHKD stablecoin, backed by the Hong Kong dollar. According to a March 8 post by Conflux on X, …
CFTC Chair calls on Congress to fill gap in crypto regulation
Chairman of the Commodity Futures Trading Commission Rostin Behnam again asks the U.S. Congress to take active action in crypto regulation. During his annual testimony before the House Agriculture Committee …
Circle to Officially End Support for USDC on TRON Blockchain
Circle Announces Withdrawal of USDC Token Support from TRON Blockchain Amid Regulatory Scrutiny Circle immediately ceases the minting of USDC tokens on TRON, aligning with its commitment to the safety …
Jerome Powell urges for stablecoin regulatory framework
Federal Reserve Chairman Jerome Powell addressed House Democrats regarding the necessity of a legislative framework for stablecoins. “We need a framework for stablecoins [and I’m] very supportive and am glad …
Janet Yellen calls for Congress to regulate stablecoins, crypto spot markets
Treasury Secretary Janet Yellen addressed Congress today, calling for comprehensive legislation to regulate non-securities crypto assets, emphasizing stablecoins. Appearing before the House Financial Services Committee today, Yellen argued that the …