Stablecoins

Stablecoins

Finance

Tether leads Belo's $14 million raise to expand stablecoin payments across Latin America

Belo, which has over 3 million users across Latin America, offers a digital wallet that lets users hold and transfer local currencies alongside digital dollars.

South America (Isabela Kronemberger/Unsplash)

Policy

Fake Hong Kong stablecoins start trading as real ones remain absent

Tokens using ‘HKDAP’ and ‘HSBC’ tickers are circulating even as the HKMA says no licensed stablecoins have been issued

Hong Kong view over Victoria Harbour.

Policy

A digital shekel is here: Israel approves its first regulated stablecoin

BILS was developed in collaboration with the Solana network and crypto custodian heavyweights Fireblocks with auditing oversight provided by Big Four consultancy firm EY.

16:9 Shekels (Ri_Ya/Pixabay)

Finance

Western Union eyeing stablecoin launch to settle global transactions without SWIFT, CEO says

The 175-year-old money-transfer firm also plans to issue a stablecoin-linked card for payments and cash-out options from crypto to local currencies, CEO Devin McGranahan said.

A Western Union sign above a shop. (Shutterstock)

Finance

Cross-border B2B stablecoin payments to hit $5 trillion by 2035, says Juniper Research

Juniper Research found that 85% of all stablecoin transaction value in 2035 will be driven by international business-to-business (B2B) payments.

(Photo by CoinWire Japan on Unsplash/Modified by CoinDesk)

Policy

EU’s largest measures against Russia yet include escalation of crypto sanctions evasion

The European Union noted that Russia has become increasingly reliant on cryptocurrency to circumvent sanctions.

Kremlin in winter. (Michael Parulava/Unsplash)

Policy

Trump defends crypto legislation at private event featuring boxer Mike Tyson, Tether CEO

President Donald Trump, at a Mar-a-Lago gathering of investors in his self-branded memecoin, said crypto is mainstream and banks should back off the industry's bill.

U.S. President Donald Trump speaking at Mar-a-Lago.

Markets

Bitcoin is on track for its best month in a year. $5 billion USDT growth fuels the rebound

Strong earnings season trumps geopolitical risks for now, one trader said, as equities and crypto markets "stopped caring" about Iran war headlines.

Bitcoin (BTC) price on April 24 (CoinDesk)

Policy

Tether's $344 million USDT freeze linked to U.S. 'Economic Fury' against Iran regime

Treasury Secretary Scott Bessent said the U.S. is seeking to choke off "all financial lifelines" for the regime.

Iranian flag (Akbar Nemati/Unsplash)

Markets

Morgan Stanley is positioning itself as the reserve manager for the stablecoin industry

The Wall Street giant has announced a fund build specifically for stablecoin issuers. Here is what it does and means for the market.

Morgan Stanley (Shutterstock)