Stablecoin

Tether, the company behind the USDT stablecoin, has frozen 326 wallets containing $435 million worth of USDT, the company highlighted in a letter on December 15. The assets were frozen to assist law enforcement authorities, including the Federal Bureau of Investigation (FBI), the US Department of Justice (DOJ), and the Secret Service. The letter, written […]

The Ministry of Finance of Palau has officially launched the second phase of the Palau Stablecoin (PSC) project with Ripple’s CBDC platform collaboration. On December 15, Jay Hunter Anson, a cybersecurity consultant in Palau and adviser to the Ministry of Finance, confirmed the program’s second phase initiation in a post on X (formerly Twitter). The […]

Tether, the issuer of the $84 billion USDT stablecoin, is gearing up for significant changes in its operational transparency and leadership. From December, Paolo Ardoino, Tether’s Chief Technology Officer, will take the reins as the company’s new CEO, according to the latest report. Ardoino, known for his low public profile, has emerged as the unofficial face […]

In a bid to revolutionize the remittance market in Colombia, Num Finance, a pioneering fintech company based in Argentina, has unveiled its latest innovation: the nCOP stablecoin. The announcement was made on August 24th through an X post. Introducing nCOP, the new Num Stablecoin and the leading stablecoin for Colombia! 🇨🇴 pic.twitter.com/u16SOFqTl8 — Num Finance […]

PayPal, a leading global online­ payments company, has recently introduce­d its stablecoin called PayPal USD (PYUSD). This strategic move attempts to improve its cryptocurrency offerings and provide customers with additional options. #PayPal launches a stablecoin to enable crypto payments. — Bitcoin Sistemi EN (@btcsistemiEN) August 7, 2023 Moreover, PYUSD repre­sents the Paxos Trust Co., a […]

The US House Financial Services Committee has made progress in regulating stablecoins. The “Clarity for Payments Stablecoin” bill has been thoroughly debated and reviewed, and stablecoins currently hold a 10% stake in the conversation. Following an extensive 13-hour markup session, the bill made significant progress, becoming the second primary crypto legislation to be approved by the Committee […]

Tokenize­d deposit technology is gaining popularity in South Korea, as private­ banks like Hana Bank and Woori Bank based in Seoul are­ actively exploring the pote­ntial of “certificate of deposit” toke­ns (CDs). A recent report by Mae­li Business News Korea highlights the­ir deep intere­st in this innovative financial instrument. Tokenized Deposits: A Secure Alternative to […]

MiCA legislation’s transaction limits may hinder stablecoin adoption, creating obstacles for the European Union’s crypto-asset markets. Deploying MiCA with its $216 million cap on stablecoins like USDT and USDC could hinder crypto growth unless modifications are made. This has led to suggestions for a revision of the framework. Many individuals within the crypto industry reacted […]