Stablecoin News
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Latest Stablecoin News
Hong Kong has initiated a sandbox arrangement for stablecoin issuers to establish regulations for future operations.
Conflux Network, a public blockchain in China, has announced testing of the AxHKD stablecoin, backed by the Hong Kong dollar.
Stablecoin issuer Tether has partnered with Uzbekistan’s National Agency of Perspective Projects to develop a blockchain-based system for peer-to-peer telecommunication. In a press release on Mar. 7, Tether said it had signed a Memorandum of Understanding (MOU) with Uzbekistan‘s National…
Chairman of the Commodity Futures Trading Commission Rostin Behnam again asks the U.S. Congress to take active action in crypto regulation.
USDT issuer Tether has blacklisted another group of addresses after it publicly committed to fight illicit use of stablecoins. In an X post on Mar. 5, blockchain forensic firm PeckShield revealed that stablecoin issuer Tether has blacklisted another four addresses…
Tether’s USDT stablecoin market cap exceeded the $100 billion mark today, setting a significant benchmark.
The Bank for International Settlements has issued a set of recommendations aimed at regulating global stablecoins.
The Hong Kong Monetary Authority (HKMA) will allow institutions to test the issuance of stablecoins. According to a release published by the Hong Kong Free Press on Feb. 28, the HKMA will launch a so-called sandbox. Financial Secretary Paul Chan…
Stablecoin issuer Circle announced ‘plans for a partnership’ with Japanese crypto exchange Coincheck to expand USDC access in the Asian market. According to a press release on Feb. 27, Circle plans to incorporate USD Coin (USDC) in Coincheck for its…
South African authorities have revealed the treasury’s plan to promote the adoption of digital payments for marginalized groups. According to a treasury document published on Feb. 21, South Africa is considering stablecoins and blockchain as a way to improve the…
Ethena was recently trending on social media platforms after announcing the USDe stablecoin on the public mainnet, alongside an innovative Shard Campaign designed to boost user engagement within its ecosystem. By rewarding contributions, the company seeks to cultivate a vibrant…
The UK authorities may introduce laws on staking and stablecoins within six months. In a Bloomberg article from Feb. 20, officials in the UK appear hellbent on introducing laws to regulate stablecoins and staking. According to Economic Secretary to the…
Startup accelerator Y Combinator has included stablecoins as a separate category for funding requests. According to a “Requests for Startups” page, Y Combinator (YC) included stablecoins in its “requests for funding” page, signaling the growing interest in stablecoins in the…
Federal Reserve Chairman Jerome Powell addressed House Democrats regarding the necessity of a legislative framework for stablecoins.
Adrian Orr, the governor of the Central Bank of New Zealand, has criticized stablecoins, stating they cannot replace traditional currency and “are not stable.” During a parliamentary finance committee meeting on Feb. 12, Orr described stablecoins, which aim to offer…
Reserve Bank of India (RBI) Governor Shaktikanta Das recently announced plans to enhance the adoption of the central bank digital currency (CBDC), the digital rupee, by exploring offline functionalities. These measures aim to facilitate transactions in areas with limited internet…