Stablecoin

Highlights: Hong Kong’s stablecoin bill requires the issuers to apply for a license from the HKMA. Authorities will seek to ensure that stablecoin backing is high quality liquid. The existing public consultation for crypto custodians and OTC trading regulation will […]

Highlights: Schwartz cautions that RLUSD may experience price fluctuations, advising against buying out of FOMO. The launch of RLUSD could trigger temporary price surges due to possible supply shortages. Ripple’s RLUSD stablecoin gains approval and is set to compete with […]

Highlights: Circle and Binance partner to boost USDC adoption and expand global digital finance reach. USDC will be integrated into Binance’s services, accessible to over 240M global users. The partnership aims to intensify competition with Tether’s USDT, enhancing stablecoin market […]

Highlights: FSOC warns that insufficient regulation and high market concentration in stablecoins threaten financial stability. FSOC calls for a federal framework to address stablecoin risks, including reserve management and transparency. Yellen cautions that digital assets and AI pose significant risks […]

Highlights: Ripple’s RLUSD stablecoin approval from NYDFS will boost its digital finance role. Ripple aims to challenge stablecoin leaders like USDC and USDT with RLUSD. XRP price surges as market sentiment improves. Ripple Labs, the company behind XRP, is set […]

Highlights: Circle plans expansion in Hong Kong, pending new stablecoin regulations, to establish local operations and hire more staff. Hong Kong’s favorable financial infrastructure makes it an ideal hub for Circle’s stablecoin growth in the Asia-Pacific. Circle’s CEO Jeremy Allaire […]

Highlights: Paxos launched USDG, a US dollar-backed stablecoin, under Singapore’s regulatory framework. The stablecoin is developed with DBS Bank, which manages USDG reserves and cash. USDG aims to enhance global stablecoin adoption for both crypto and regulated institutions. Digital assets […]

Highlights: Mishaboar warns against holding stablecoins like USDT, USDC, and PYUSD due to risks. He advocates for holding Bitcoin, Dogecoin, Litecoin, and Monero as safer options. Regulatory uncertainty is hindering U.S. stablecoin adoption, favoring other regions. In a recent post […]

Highlights: Stripe acquires stablecoin platform Bridge for $1.1 billion, its largest deal to date and increasing its expansion into cryptocurrency presence. Launched by former Coinbase employees, Bridge focuses on payment operations within stablecoins, thus improving Stripe’s cross-border and digital transactions. […]

Highlights: Waller emphasized that DeFi can enhance efficiency in traditional finance systems. Smart contracts streamline transactions, lowering settlement and counterparty risks. Stablecoins play a crucial role in DeFi, reducing reliance on intermediaries. At the 19th Annual Vienna Macroeconomics Workshop in […]

Highlights: Paxos launches a stablecoin payment platform, with Stripe integrating it to enhance global transactions. The platform enables instant USD and stablecoin conversions, supporting PYUSD, USDP, and USDC across multiple blockchains. Paxos aims to revolutionize payments by providing infrastructure for […]

Highlights: UAE Central Bank approves AED stablecoin LLC to launch AE Coin, the first regulated AED-backed stablecoin. AE Coin combines fiat stability with blockchain technology, offering secure, efficient transactions under UAE Central Bank regulation. The approval marks a significant step […]