Stablecoin

March 04, 2024

Tether’s USDT stablecoin hits historic $100B market cap

Crypto stablecoin Tether (USDT) has reached an unprecedented market capitalization of $100 billion, marking a 9% year-to-date growth and widening the gap with its closest competitor, […]
February 21, 2024

Circle to cease minting USDC on Tron network effective immediately

Circle, the issuer of USD Coin, has announced the discontinuation of support for the stablecoin on the Tron blockchain. This decision, according to Circle, is in […]
February 20, 2024

Y Combinator calls on startups to build stablecoin, metaverse, AI solutions

Silicon Valley’s renowned startup accelerator, Y Combinator, has pinpointed stablecoins, metaverse technology, and artificial intelligence (AI) as pivotal sectors poised for innovation.   Stablecoins: The Future […]
February 12, 2024

NZ central bank governor labels stablecoins ‘the biggest misnomers’

Adrian Orr, the governor of the New Zealand central bank, expressed strong criticism against stablecoins, asserting that they are not a viable substitute for fiat currency […]
February 02, 2024

Euro-backed stablecoin trials begin in Spain

Spanish fintech company Monei has initiated a pilot program for a new euro-backed stablecoin, EURM, under the oversight of the Bank of Spain. This development, announced […]
January 23, 2024

Bitcoin-based ‘rival’ to modern stablecoins to emerge soon – CoinShares

Cryptocurrency investment firm CoinShares forecasts the emergence of a Bitcoin-based stablecoin in 2024, potentially transforming the stablecoin sector. This development, as analyzed by CoinShares’ head of […]
January 16, 2024

Tether responds to UN report about ‘illicit activity’ of USDT

Tether, a major player in the stablecoin market, has responded to a United Nations (UN) report that implicated its USDT stablecoin in illegal activities. On January […]

Circle CEO sees ‘very good chance’ of stablecoin laws this year: Report

Jeremy Allaire, CEO of Circle, expressed optimism about the United States enacting a long-awaited stablecoin law in 2023.   “There seems to be a strong push […]
December 22, 2023

Paxos gets NY green light to join Solana blockchain: Report

The New York Department of Financial Services (DFS) has approved Paxos’ expansion to the Solana blockchain.   Paxos, a stablecoin issuer, has recently gained approval from […]

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