Tag: Stablecoin

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Crypto News

Tether Signs A MOU With Zanzibar To Advance Digital Asset Education, Details Inside

Earlier today, on 1st July, Tether, the largest firm in the digital asset industry, inked a Memorandum of Understanding with the Zanzibar e‑Government Authority,...
Crypto News

Kakaopay Stock Falls by 10% Amid Korean Exchange Trading Suspension Triggered by Stablecoin Exposure Concerns

South Korean fintech company KakaoPay experienced a sharp 10.23% drop in its share price on June 27, closing at â‚©84,200.  The decline followed the Korea...
Crypto News

Hong Kong Unveils Digital Assets Policy Statement 2.0 With New LEAP Framework

Today, the Hong Kong Government issued Policy Statement 2.0 on the Development of Digital Assets, setting out its plans to build a trusted and...
Crypto News

South Korea’s Eight Biggest Banks Mull To Form JV to Launch Won‑Backed Stablecoin

Eight major South Korean banks are collaborating with the Open Blockchain, DID Association, and the Financial Settlement Institute to launch a Korean won-backed stablecoin...
Crypto News

Mastercard Becomes Member Of Global Dollar Network, Helps Launch USDG Stablecoin

Mastercard announced on Tuesday that it has become a member of the Global Dollar Network, a stablecoin consortium led by Paxos and including Robinhood...
Crypto News

Abu Dhabi Becomes First City in UAE to Enable Taxi Fare Payments Using AED-Pegged Stablecoin

In a groundbreaking move for the UAE’s digital economy, Abu Dhabi has become the first city in the country to enable taxi fare payments...
Crypto News

Hong Kong to Start Issuing Stablecoin Licenses in Coming Months Amid Surge in Applications

Hong Kong is at the verge of issuing Stablecoin Licenses to multiple firms. According to local media reports, financial Secretary Paul Chan Mo-po disclosed...
Crypto News

Stripe Unveils B2B Stablecoin Payments, Drives Crypto Adoption

In a major announcement, Patrick Collison, the CEO of payment processing giant Stripe, revealed that the company has launched a new feature enabling B2B...
Solana News

Sky Protocol Launches USDS Stablecoin On Solana To Boost DeFi Ecosystem

The Solana blockchain is currently home to Sky Protocol's decentralised finance (DeFi) native stablecoin, USDS, which was previously known as Maker. The launch is...
Exchange News

Binance Clarifies BFUSD Is Not a Stablecoin Amid Rising Fake Rumours

Binance has introduced BFUSD, a new asset designed for margin trading on its futures platform. Its name and an advertised annual percentage yield (APY)...
Expert take

Bitwise CIO Predicts $500B Stablecoin Market After Gensler’s Exit

In a significant forecast that has caught the attention of the cryptocurrency industry, Bitwise Chief Investment Officer Matt Hougan shared his vision for the...
Predictions

Worlds First Bitcoin Backed Stablecoin USDa Hits 100M Supply Amid Rise In Demand

The first Bitcoin-backed overcollateralized stablecoin in history, USDa from Avalon Labs, has crossed a new milestone in a very short time span after launch....
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