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Cryptonews Tags Stablecoin

# Stablecoin (Page 40)

Fintech Provider Monei Kicks-Off EURM Stablecoin Pilot in Spain
Fintech firm, Monei has launched trials of the euro-backed stablecoin EURM in Spain in collaboration with major financial institutions in the country. In a recent press release, the company announced the commencement of tests under the supervision of the Bank of Spain’s Financial...
, by David Pokima
Tether Achieves Record $6.2 Billion Annual Profit, Nears $100 Billion In Assets
In 2023, Tether saw its assets approach the $100 billion mark, following a $6.2 billion profit according to the company's Q4 attestation report released on January 31. The financial surge, detailed in Tether's latest financial statements, reflects a strategic allocation of assets. Tether's...
, by Andrew Throuvalas
Circle to Launch USDC Natively On Celo + More Crypto News
Get your daily, bite-sized digest of blockchain and crypto news – investigating the stories flying under the radar of today’s news. In today’s edition: Circle to Launch USDC Natively On Celo Stablecoin Development Gathers Pace PDX to Release Beta Version of Banking...
, by Sead Fadilpašić
Rep. French Hill Voices Optimism for Crypto Legislation Progress in 2024
U.S. House Representative and Financial Services Subcommittee on Digital Assets Chair French Hill (R-AR) has voiced optimism about the progress of cryptocurrency legislation in 2024. During an event hosted by the Foundation for Defense of Democracies on Jan. 29, Hill discussed the crypto...
, by Hongji Feng
Blockchain Startup Figure Technologies Seeks US Regulatory Approval for Interest-Bearing Stablecoin
Financial technology company Figure Technologies is seeking approval from US regulators to introduce an interest-bearing stablecoin. Founded by former SoFi Technologies CEO Mike Cagney, if successful, Figure will become the first company to offer a stablecoin regulated as a security within the...
, by Ruholamin Haqshanas
Unstoppable Domains and The Sandbox Partner to Launch New Metaverse Experience + More Crypto News
Get your daily, bite-sized digest of blockchain and crypto news – investigating the stories flying under the radar of today’s news. In this edition: Unstoppable Domains Partners with The Sandbox to Launch Metaverse Experience Stablecoin Trading Volumes Increased 27% in...
, by Sead Fadilpašić
TUSD Says Recent Depegging is Related to Binance Launchpool Activities
TrueUSD (TUSD) has clarified that the recent depegging of its value from the US dollar is associated with activities on Binance Launchpool. In a recent post on X (formerly Twitter), the TUSD team said they "have observed recent community mining activities associated with Binance Launchpool,...
, by Ruholamin Haqshanas
Tether Responds to UN Report Alleging Involvement in Illicit Activity, Disputes Claims
Major stablecoin firm Tether has responded to the United Nations (UN) report highlighting the alleged involvement of the Tether stablecoin USDT in illicit activity. On January 15, the UN Office for Drugs and Crime (UNODC) released a report titled "Casinos, Money Laundering, Underground...
, by Hassan Shittu
Circle CEO Jeremy Allaire Expects US to Pass Stablecoin Legislation in 2024
Circle CEO Jeremy Allaire has expressed his confidence in the United States finally passing long-awaited stablecoin legislation this year. In a recent interview with CNBC at the World Economic Forum's annual meeting in Davos, Switzerland, Allaire said there is growing momentum in the country's...
, by Ruholamin Haqshanas
Circle Reports Surge in Remittances Through USDC Stablecoin in Asia
Circle, a crypto issuer, reported a significant increase in remittances flowing through Asia via its USDC stablecoin. USDC is a cryptocurrency pegged to the value of the U.S. dollar and is backed by liquid cash and cash-equivalent assets. It has settled over $12 trillion in blockchain transactions...
, by Hassan Shittu
Decentralized Platform Aave Wins Community Votes to Onboard PYUSD Stablecoin
Aave, a decentralized platform that allows users to borrow/lend crypto, might consider adding PayPal’s PYUSD stablecoins to its Ethereum pool. The platform proposed its plans to integrate PYUSD stablecoin in December, seeking community vote. The voting window was open from Jan 8 to Jan...
, by Sujha Sundararajan
Hong Kong Government Seeks Public Input on Legislation for Stablecoin Supervision
The Financial Services and the Treasury Bureau (FSTB), and the Hong Kong Monetary Authority (HKMA) have jointly introduced a public consultation paper outlining a legislative proposal to regulate issuers of stablecoins. This move is prompted by the increasing prominence of stablecoins within...
, by Hassan Shittu
Bitrace Report Examines Money Laundering with Stablecoins
A recent report by blockchain researcher Bitrace has shed light on the potential use of stablecoins in money laundering activities.  The report, published on December 26 and translated by Wu Blockchain, highlighted two distinct scenarios in which stablecoins, specifically Tether (USDT), were...
, by Ruholamin Haqshanas
Stablecoin Dominance Hits Lowest Since December 2021 Despite Record Monthly Supply
The entire stablecoin market cap dominance fell to 8.07% in December, recording the lowest market share since December 2021, despite adding the largest monthly supply last month since February 2022. The total market capitalization of stablecoins rose 3.43% to $128 billion in November, CCData...
, by Jai Pratap
Iron Bank Euro’s Stablecoin Crisis: No Clear Path to Repeg After 60% Value Drop
Iron Bank Euro (IBEUR), a low-cap alternative stablecoin, has found itself in the midst of a crisis with no immediate route back to its stablecoin peg after experiencing a sharp 60% drop in value on Monday. The stablecoin, with a $3.7 million issuance, tumbled from a price of $0.97 (€0.89)...
, by Fredrik Vold
Over 40 Countries Forge Ahead with Cryptocurrency Regulation and Legislation: PwC
More than 40 countries have made significant strides in advancing crypto-focused regulations and legislation this year, indicating a growing global trend towards wider cryptocurrency adoption. According to a recent report from professional services firm PriceWaterhouseCoopers...
, by Ruholamin Haqshanas
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