Stablecoin Archives - Page 10 of 23

Stablecoin Protocol Resupply Exploited for .5M After Attacker Inflates Token Price

Stablecoin Protocol Resupply Exploited for $9.5M After Attacker Inflates Token Price

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Stablecoin platform Resupply suffered a major exploit worth $9.5 million after an attacker manipulated the price of a key collateral token, security firms reported. Key Takeaways: Resupply lost $9.5 million after an attacker manipulated the price of cvcrvUSD to borrow reUSD cheaply. The exploit exploited faulty price logic in the CurveLend contract used by ResupplyPair. […]

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Ruble-Backed A7A5 Stablecoin Moves .3B on Sanctioned Russian Exchange Successor Grinex

Ruble-Backed A7A5 Stablecoin Moves $9.3B on Sanctioned Russian Exchange Successor Grinex

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A7A5, a stablecoin pegged to the Russian ruble, has processed over $9.3 billion in transactions on Grinex, a crypto exchange widely viewed as the successor to the sanctioned platform Garantex. Key Takeaways: A7A5 processed $9.3B through Grinex, mostly from just 124 wallets. Elliptic and Global Ledger suggest Grinex may be Garantex’s unofficial successor. Analysts question

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Stablecoin Regulation Still Faces Key Unresolved Questions, Says IMF

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Key Takeaways: IMF’s Bo Li said regulatory uncertainty around stablecoins persists, especially regarding classification and enforcement. Global financial bodies are working to align frameworks but remain in early stages. Policy inconsistencies may drive firms toward jurisdictions with less oversight. The International Monetary Fund (IMF) continues to flag regulatory uncertainty around stablecoin, according to remarks by

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Korean Central Bank Advocates Measured Stablecoin Approach

Leave a Comment / Bullish, Regulation, South Korea, Stablecoin / best time

South Korea’s central bank is advocating for a phased introduction of won-denominated stablecoins, initially prioritizing regulated commercial banks for their issuance. Stablecoins Could Significantly Influence Korean Monetary Policy South Korea’s central bank is advocating for a phased introduction of won-denominated stablecoins, prioritizing rigorously regulated commercial banks for initial issuance. According to Ryoo Sang-dai, senior deputy

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Global Fintech Company Fiserv to Launch Platform to Democratize Stablecoin Access

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Fiserv has announced the launch of a stablecoin payment platform that could potentially serve millions, supported by thousands of regional banks. The company has partnered with Solana, Circle, and Paxos for this development and will issue a stablecoin called FIUSD. Additionally, banks will have the ability to issue their own tokens. Financial Giant Fiserv Aims

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We Are About to Enter the Golden Age of Crypto

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Regulation breeds stability, and stability fuels capital flows. With the GENIUS Act passing the Senate last week, Washington has sent its strongest signal yet: crypto is now an American priority. Crypto Has Clarity Now On Tuesday evening last week, the United States Senate passed the GENIUS Act – a historic and resounding affirmation that crypto

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Fintech Firm Fiserv Taps PayPal and Circle to Power Its Stablecoin Initiative

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Fiserv, one of the largest fintech firms in the US, announced plans Monday to launch its own US dollar-backed stablecoin, FIUSD. The company is teaming up with PayPal and Circle to expand digital asset services across its banking and payments network. It aims to roll out the token by the end of the year, tapping

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Analysts: South Korea’s Stablecoin Pivot Will Hurt Card Companies, Boost Big Tech

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South Korean experts claim that the nation’s stablecoin pivot could hamper the growth of card providers, but provide a boost to domestic tech giants. Media outlets in the country reported on June 23, that Democratic Party lawmakers on the National Assembly’s Political Affairs Committee plan to roll out a bill named the Digital Asset Innovation

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Hong Kong Sets High Bar for Stablecoin Issuers Ahead of August Regime Launch

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Key Takeaways: Hong Kong’s licensing regime for stablecoin issuers begins on August 1, with limited approvals expected in the initial phase. Applicants must show detailed control systems, including asset security and AML compliance, and prove their ability to operate across jurisdictions. The HKMA references global regulatory frameworks, including FSB guidelines, to structure its supervisory approach.

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Hedera risks further drop as stablecoin supply plunges 80%

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Token still near 2025 low despite short-term bounce. Market activity remains muted across the Hedera network. Recovery possible if price breaks above $0.15 zone. Hedera’s native token HBAR is under mounting pressure as the network struggles with a sharp drop in stablecoin supply and declining market activity. Despite gaining 5.61% in the past 24 hours

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