Stablecoin News

Tether CEO Says USDT Unfazed By Potential US Ban Despite New Stablecoin Legislation

Paolo Ardoino, CEO of Tether, declared on Friday that the firm would remain in the U.S. market despite looming bans on its USDT token....

The US House Financial Services Committee Passes Stablecoin Act, Details Inside

The US House Financial Services Committee approved a Republican-backed stablecoin framework bill today after a lengthy debate. The Committee passed the STABLE Act with...

First Digital Trust Denies Insolvency After Refusing To Redeem TUSD’S $501M Reserve, Accuses Tron Founder Of False Claims

Justin Sun, the founder of TRON, has filed a lawsuit against Trust Digital in Hong Kong today because the firm is allegedly insolvent and...

Tether to Acquire 30% Stake in Italian Media Company Be Water For $10.8M

The top stablecoin issuer, Tether, which has a market value of over $144 billion, is adding to its investment portfolio by paying $10.8 million...

Wyoming Eyes First Public Fiat-Backed Stablecoin, WYST Tested Across 7 Networks

Wyoming plans to launch its own cryptocurrency as early as July. This new token is backed by fiat currency and is fully reserved by...

USDC Stablecoin Supply Surpasses $60B Market Cap, Doubling Year-Over-Year As Stablecoin Market Hits $230B

USD Coin, often known as USDC, has climbed above 60 billion dollars in market capitalization, signaling a new era of growth for stablecoins.  On Wednesday,...

Nasdaq-Listed Rumble Unveils Plan To Launch Rumble Crypto Wallet Backed By Tether

Nasdaq-listed video-sharing platform Rumble has unveiled its plan to introduce a cryptocurrency wallet, Rumble Wallet, in collaboration with Tether.  The announcement was made by Rumble...

Binance Co-founder CZ Says “The more the merrier” for Multiple Stablecoins Amid Trump’s WLFI USD1 Stablecoin Launch

Binance co-founder Changpeng “CZ” Zhao has voiced his support for the growing number of stablecoins in the cryptocurrency market, particularly in light of the...

Fidelity Plans To Launch Stablecoin As US Sees Ease In Crypto Regulations

Fidelity Investments announced earlier today, on 26th March, that it is launching a new stablecoin amid rising digital asset trends. According to a report...

Custodia Bank and Vantage Bank Make History by Launching America’s First Bank-Issued Stablecoin on a Public Blockchain

In a groundbreaking development for the U.S. banking and cryptocurrency sectors, Custodia Bank and Vantage Bank have made history by issuing the first-ever bank-backed...
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Greenidge, N.Y. Bitcoin-Mining Site Catches Fire, Operations Temporarily Halted After Electrical Switchgear Failure

A major US Bitcoin miner, Greenidge Generation Holdings, reported...

China’s Social Media Platforms And Marketplaces Get Flooded With Crypto Recruitment Links That Target Young Users

Social platforms popular with younger users, including Xiaohongshu, Taobao,...

Terminal Finance Discontinues Terminal Project After Converge Chain Fails To Launch

Terminal Finance said on X(Twitter) it won't be launching...

Kalshi Faces Class Action Lawsuit Over Alleged Unlicensed Sports Betting And Deceptive Practices

A group of clients has sued Kalshi Inc., alleging...