In November 2023, the capitalization of the stablecoin sector grew by 3% – from $120 billion to $124.05 billion. According to the Coin Metrics report, such indicators could indicate a …
Tether, known for its USDT stablecoin, has recently made headlines with its Bitcoin holdings soaring in value, generating a profit exceeding $1 billion. Notably, this significant financial gain can be …
So-called currency wars – as seen through Western eyes – used to be about Japan seeking to devalue the yen, South Korea the won and, more recently, China the yuan …
The standard is a tool developed by Circle to bootstrap USDC deployment across multiple blockchains with a view to keeping up with emerging L1 and L2 networks. Digital payment provider …
The Monetary Authority of Singapore (MAS) recently unveiled a regulatory framework aimed at enhancing the stability of single-currency stablecoins. The framework, according to Bloomberg, is set to be applicable to …
Paxos Digital Singapore Pte. Ltd. Receives In-Principle Approval from the Monetary Authority of Singapore Paxos is expanding its global reach by establishing Paxos Digital Singapore Pte. Ltd. This development follows …
RD Wallet Technologies, a fintech company founded by Hong Kong’s former central banker Norman Chan Tak-lam, will launch a digital wallet on Thursday which will allow companies to make cross-border …
A new stablecoin called USDV launched Tuesday, backed by tokenized U.S. Treasuries in an effort to provide transparency and stability. According to an announcement shared with crypto.news, USDV is pegged …
The defi platform Raft has temporarily suspended the minting of its R stablecoin due to a security vulnerability that resulted in a substantial loss. The company is currently investigating the …
Circle has initiated the v2.2 upgrade for its USDC and EURC stablecoins, promising reduced transaction costs, improved security, and seamless integration for EVM blockchain transactions. Circle, the issuer of USDC …