Cryptonews Tags Stablecoin

# Stablecoin (Page 39)

Senators Lummis and Gillibrand Introduce New Bill to Regulate Stablecoins

Senators Cynthia Lummis and Kirsten Gillibrand have joined forces to propose a new bill aimed at regulating stablecoins.

, by Ruholamin Haqshanas

Payment Use Cases Fuel Increasing Stablecoin Growth

The global stablecoin supply currently stands at over $150 billion, demonstrating new demand for relatively stable digital assets. The stablecoin market has also grown more competitive. For example, XRP issuer Ripple recently announced plans to launch a United States dollar-backed stablecoin. ...

, by Rachel Wolfson

Hong Kong Welcomes Crypto With New Initiative For Stablecoin Issuers

A crypto-supportive bank in Hong Kong is already in touch with five corporate clients planning to become stablecoin issuers.

, by Andrew Throuvalas

Japan’s Sony Bank Experiments with Issuing Stablecoin Pegged to Yen on Polygon

Sony Bank has embarked on a proof-of-concept endeavor to introduce its stablecoin, pegged to fiat currency like the Yen.

, by Hassan Shittu

PayPal Enables No-Fee Cross-Border Transfer Using Native Stablecoin PYUSD

Payments giant PayPal is bringing its native stablecoin PYUSD to fund cross-border money transfers with zero transaction fees. The Silicon Valley-based company announced the new feature on Thursday, powered by its money transfer platform Xoom. Per the release, the service will be available to US...

, by Sujha Sundararajan

Ripple’s New Stablecoin Looks to Boost XRP Adoption

Ripple plans to introduce a stablecoin pegged to the US dollar this year, as projections estimate the market will surpass $2.8t by 2028. The stablecoin will be fully collateralized by US dollar deposits, along with short-term US government treasuries and other cash equivalents, Ripple said on...

, by Shalini Nagarajan

Nick Van Eck’s Agora Stablecoin Raises $12 Million in Seed Funding Led by Dragonfly

Agora, co-founded by Jan Van Eck’s son Nick Van Eck, has successfully raised $12 million in a seed funding round led by Dragonfly to launch a new stablecoin. According to the latest social media post published by Agora, Drake Evans and Joe McGrady also co-founded the initiative. The...

, by Hongji Feng

IMF Proposes Digital Money to Enhance Financial Inclusion in Pacific Island Nations

The IMF has suggested that digital money could significantly improve financial inclusion in the remote nations of the Pacific Ocean.

, by Ruholamin Haqshanas

Rep. Patrick McHenry Indicates Progress on Stablecoin Legislation Before Election

The U.S. House Financial Services Committee Chair Rep. Patrick McHenry (R-NC) has suggested upcoming advancements in stablecoin legislation before the election. Speaking at a Coinbase event in Washington on March 20, McHenry noted that despite recent Congressional disruptions, a stablecoin bill...

, by Hongji Feng

Hong Kong Central Bank Unveils Sandbox for Stablecoin Issuers to Test Operations

Hong Kong's central bank on Tuesday introduced a sandbox program for stablecoin issuers. This initiative offers a controlled environment for potential issuers to experiment with stablecoin projects in a risk-free manner. A regulatory sandbox is an environment where companies are permitted to...

, by Shalini Nagarajan

MakerDAO Approves Emergency Fee Hikes in Response to DAI Stability Concerns

Facing unprecedented market volatility and a significant reduction in reserves, BA Labs has proposed an emergency rate adjustment within the MakerDAO community forum. In an effort to address the immediate challenges posed by the current market conditions, BA Labs, a key member of the MakerDAO...

, by Hongji Feng

Tether Launches Recovery Tool for Migration of USDT Across Blockchains in Case of Disruptions

Tether, a major stablecoin issuer and one of the leading players in the crypto market, has introduced a recovery tool to facilitate the seamless migration of its Tether (USDT) stablecoin between different blockchains. On March 4, Tether announced the launch of its blockchain recovery...

, by Ruholamin Haqshanas

Bank for International Settlements Releases Executive Summary of Global Stablecoin Recommendations

The Bank for International Settlements (BIS) released recommendations for the regulation, supervision, and oversight of global stablecoin arrangements in a February 29 executive summary. The international financial institution acknowledged the potential of stablecoins to enhance the efficiency...

, by Julia Smith

Japan Positioned as Global Leader in Compliant Crypto Payments, Says Report

Japan is a global leader in compliant crypto payment services, according to a report published today by independent finance news outlet FinanceFeeds. The conclusion comes off the back of an announcement by Japanese Web3 payments app Slash that it has facilitated a total of more than $10,000,000...

USDC Grows In Non-US Markets as Market Cap Taps $28 Billion

The market capitalization of Circle’s USDC moved past $28 billion with a gradual increase from Q4 2023 amid wider institutional investments. A new Coinbase report shows a resurgence in the USDC market following the general market upturn and growth in non-U.S markets. According to...

, by David Pokima

Stablecoin Market Capitalization Hits $138 Billion as Volume Grows by 4.5% this Month

The stablecoin market capitalization has soared 1.95% to hit $138 billion in February recording a fifth consecutive monthly growth since September 2023. A new market report by cryptocurrency analytics firm CCData shows a stablecoin market capitalization and trading volume rise. According...

, by David Pokima

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