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Japan’s FSA Prepares To Approve First Yen-Backed Stablecoin This Autumn

Japan’s Financial Services Agency (FSA) is preparing to authorise the first stablecoin backed by the yen, with approval expected to come this autumn.  The move...
Crypto News

Stablecoin Protocol USD.AI Raises $13M To Back AI Firms With GPU Collateral

USD.AI, built by Permian Labs, raised $13 million in a Series A round led by Framework Ventures, the company said in an announcement made...
Crypto News

Visa’s Crypto Chief Says Future Will Be For Traditional & Crypto Finance, Predicts A $2T Stablecoin Market

Cuy Sheffield, Visa’s head of crypto, told Bloomberg that traditional payments and crypto will converge as the stablecoin market grows to $269 billion, up...
Crypto News

Circle Debuts Arc Layer-1 Network As USDC Supply Hits $61.3B and Q2 On-chain Volume Reaches $5.9T

Circle has officially announced the launch of Arc, an enterprise-grade open Layer-1 blockchain built to power stablecoin payments, foreign exchange, and capital market applications.  The...
Crypto News

China Orders Local Brokers To Stop Promoting Stablecoins In Effort To Control Market Risks

China has instructed local brokers, research centers, and think tanks to stop selling stablecoins. According to a Bloomberg report earlier today, this is yet another...
Crypto News

Trump Family Backed USD1 Stablecoin Announces Exclusive Loyalty Program Launch With Strategic Partners

In a significant development, the Trump family-backed USD1 stablecoin has announced that it is launching an exclusive loyalty program to reward users for their...
Crypto News

Coinbase Announces New 0.1% Fee on USDC to US Dollar Conversions for Transactions Exceeding $5 Million

Coinbase has implemented a new 0.1% fee on USDC to U.S. dollar conversion for users who make over $5 million in net USDC to...
Crypto News

China to Greenlight First RMB-Backed Stablecoin To Boost Yuan’s Global Role

Chinese financial regulators are closely monitoring the rise of stablecoins and testing Hong Kong as a hub for digital currency development. Last week, officials...
Crypto News

MetaMask and Stripe Propose Stablecoin ‘MetaMask USD’ To Bridge DeFi And TradFi

MetaMask plans to team up with Stripe to roll out a new stablecoin named MetaMask USD. The move was revealed through a recent governance...
Crypto News

Ethena’s USDe Supply Jumps 75% To $9.3 B, Overtakes FDUSD As 3rd Largest Stablecoin

Ethena’s USDe supply has surged by 75% over the past month, reaching $9.3 billion and overtaking FDUSD to become the third-largest stablecoin by market...
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Greenidge, N.Y. Bitcoin-Mining Site Catches Fire, Operations Temporarily Halted After Electrical Switchgear Failure

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