The Japanese megabank Mitsubishi UFJ Trust and Banking is set to issue the nation’s first fiat-pegged stablecoin. Per reports from the newspaper Yomiuri Shimbun and the media outlet CoinPost, the firm said it completed development on the coin “at the end of last year.” Mitsubishi UFJ: Stablecoin Ready to Roll Out Hiroshi Kubota, who took […]
Mitsubishi UFJ ‘On Verge of Launching Japan’s First Stablecoin’ Read More »
Nonco, an institutional digital asset trading firm, has launched its foreign exchange (FX) onchain initiative on the Avalanche network, aiming to bridge institutional FX liquidity with the stablecoin market. The FX Onchain protocol, built on Avalanche’s C-Chain, automates conversions between local currencies and USD-backed stablecoins, such as USDC and USDT, facilitating faster and more cost-effective
The U.S. House Financial Services Committee has approved the advancement of a stablecoin bill that seeks to establish clearer regulations for the sector. Known as the Stablecoin Transparency and Accountability for a Better Ledger Economy Act, or the STABLE Act, the legislation passed out of committee on Wednesday with 32 votes in favor and 17
House Financial Services Committee Advances Stablecoin Regulation Bill Read More »
Ripple has integrated its USD-backed stablecoin, RLUSD, into its Ripple Payments platform to streamline cross-border transactions for enterprise clients, with the asset nearing $250 million in market capitalization since its December 2024 launch. Ripple Adds Enterprise Stablecoin RLUSD to Cross-Border Payment System Ripple Payments, a platform that claims to process billions in transaction volume, now
Ripple’s RLUSD Stablecoin Nears $250M Market Cap Amid Payments Expansion Read More »
Coinbase Global is entitled to half of the residual revenue generated from reserves backing Circle’s USDC stablecoin, according to new disclosures in Circle’s S-1 filing with the U.S. Securities and Exchange Commission. The filing, submitted Tuesday, offers a rare glimpse into the financial arrangement between two of the biggest players in the stablecoin market. Circle
Coinbase Receives 50% of Circle’s USDC Reserve Revenue, IPO Filing Reveals Read More »
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Tether, the developer of USDT, has added 8,888 Bitcoins to its holdings valued at around $735 million at the time of the transaction. This latest market move by the popular stablecoin issuer was reported by Arkham. In a snapshot offered by Arkham
Tether Expands Bitcoin Reserves with 8,888 BTC Buy—What’s the Plan? Read More »
Key Takeaways: Coinbase CEO Brian Armstrong argues that stablecoin holders should be allowed to earn interest, similar to traditional savings accounts. With major stablecoin bills moving through Congress and a pro-crypto administration in place, Armstrong sees this as a crucial moment to shape consumer-friendly policies in the U.S. The discussion comes as World Liberty Financial,
Coinbase CEO Brian Armstrong Advocates For Onchain Interest-Based Stablecoin Legislation Read More »
Key Takeaways: Circle has submitted a Form S-1 to the U.S. SEC, signaling its intention to go public. The company plans to list its Class A common stock on the New York Stock Exchange (NYSE) under the ticker symbol “CRCL.” The initial offering price range has not been determined, and the IPO’s timing depends on
Stablecoin Issuer Circle Files for IPO on NYSE Read More »
Acting SEC chair rejects enforcement, first US bank-issued stablecoin, Bitcoin’s four-year cycle at crossroads, and more in this Week in Review. Week in Review Acting SEC Chair Uyeda called for clear rulemaking over enforcement to provide much-needed guidance to the industry. The first U.S. bank-issued stablecoin on a permissionless blockchain—Ethereum—has launched. Bitcoin’s price remains relatively
Key Takeaways: Regulators open fresh channels to hear crypto community views. Public forums and expert reviews may reshape enforcement methods. Lawmakers push for clearer guidelines on stablecoins and digital assets. Internal debates reveal evolving priorities in oversight. Global tax ideas could alter market behavior. U.S. crypto regulation developments accelerated this week as the Securities and
