Tag: Stablecoin

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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...

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...

Kyrgyzstan-Based A7A5 Stablecoin Tops $40B In Transactions As Russia Seeks SWIFT Alternative

A rouble-backed stablecoin called A7A5 saw transaction volumes soar past $40 billion in July, data from blockchain analyst Elliptic shows, as reported by Reuters.  Launched...

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...

South Korean Banks Accelerate Towards Developing Crypto and Stablecoin Services Ahead of Legal Overhaul

South Korea's biggest banking groups are racing to develop and launch crypto and stablecoin services in anticipation of a sweeping legislative transformation. Banks, according to...

Visa & Mastercard Say Stablecoins Aren’t A Threat As Competition Grows And New Rules Loom

Visa and Mastercard executives spoke on their quarterly earnings calls and downplayed the threat posed by dollar-pegged stablecoins. They made their comments after Congress...

DWS, Flow Traders, and Galaxy Digital-Backed Venture Announce Launch of New $EURAU Stablecoin

In a major milestone in the European crypto space, AllUnity, a venture backed by Deutsche Bank's DWS Group, Dutch market maker Flow Traders, and...

South Korea Introduces Stablecoin-Powered ATMs Allowing Travelers to Withdraw USDT as Cash Seamlessly

South Korea unveiled a new crypto innovation targeting foreign tourists, stablecoin-powered ATMs allowing customers to withdraw cash easily using USDT. The ATMs form part of...

South Korea’s Political Divide Deepens as Ruling and Opposition Parties Disagree on Stablecoin Regulatory Framework

South Korea's political divide is growing as the government-aligned People Power Party and opposition Democratic Party submitted competing bills on stablecoin regulation this week. The...

Interactive Brokers Weighs Launching Customer Stablecoin Amid Crypto Regulatory Easing

Interactive Brokers Group is weighing the launch of its stablecoin in July 2025 as U.S. regulators loosen rules on crypto, founder Thomas Peterffy told Reuters...

Polymarket Plans to Launch a Stablecoin to Generate Yield on USDC Holdings

Polymarket, the blockchain-based prediction market platform, is planning to launch its own stablecoin to capitalize on the massive pools of USDC that are used...

175-Year-Old Western Union Adopts Stablecoins For Speedier Payments

Western Union has signalled interest in stablecoins as a way to speed up money transfers, improve currency conversions, and offer a store‐of‐value option for...