Stablecoin

Trump-Backed GENIUS Act Under Fire: NYAG Urges Tougher Stablecoin Rules Before July Vote

Trump-Backed GENIUS Act Under Fire: NYAG Urges Tougher Stablecoin Rules Before July Vote

New York Attorney General Letitia James has raised serious concerns over the recently passed GENIUS Act, warning Congress that the bill, in its current form, could leave investors and the U.S. financial system vulnerable. In a letter sent Monday to congressional leaders, James urged lawmakers to slow down the legislative process and implement stronger guardrails […]

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Dollar-Pegged Tokens Beat Yuan 80:1 – Can China’s Stablecoin Strategy Close Gap?

Dollar-Pegged Tokens Beat Yuan 80:1 – Can China’s Stablecoin Strategy Close Gap?

Key Takeaways: Zhongtai Financial International Chief Economist Li Xunlei argues China should pursue a yuan-pegged stablecoin strategy to counter U.S. dollar dominance. Li recommends pilot programs in free trade zones and Belt and Road countries, with legal and regulatory frameworks in place. He urges the People’s Bank of China to apply unified regulatory principles and

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CoinIdol Weekly Crypto News Digest: June 29, 2025

CoinIdol Weekly Crypto News Digest: June 29, 2025

Jun 29, 2025 at 14:55 // News The top 5 news stories of the past week, covering the period from June 22 to 29, show massive volatility in the cryptocurrency market, which was also triggered by some political news. Speculation about the approval of the Solana ETF heats up The possibility of a Solana

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Korean Stocks Soar on President Lee’s Won-Backed Crypto Pledge, Kakao Pay Doubles

Korean Stocks Soar on President Lee’s Won-Backed Crypto Pledge, Kakao Pay Doubles

South Korea’s stock market has surged on a wave of enthusiasm for won-pegged digital assets after newly elected President Lee Jae-myung pledged support for stablecoins backed by the national currency. Key Takeaways: South Korea’s Kospi index surged nearly 30% YTD over the past week. The rally is driven by President Lee’s pledge to support won-backed

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Stablecoin Skepticism Grows As IMF Official Challenges Their Money Role

Stablecoin Skepticism Grows As IMF Official Challenges Their Money Role

According to a recent analytics, stablecoins handled 35 trillion in on-chain transaction volume over the past year, with their average supply hovering around 195 billion. Those numbers show how much these tokens fuel trades, loans and cross-border transfers. Yet questions about whether they really count as “money” are now front and center. Stablecoin On-Chain Traffic

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Kakaopay Stock Plunges 17% as Korean Exchange Suspends Trading Over Stablecoin Exposure

Kakaopay Stock Plunges 17% as Korean Exchange Suspends Trading Over Stablecoin Exposure

South Korean fintech giant KakaoPay crashed 17% on June 27 as trading resumed after the Korea Exchange suspended the stock for the second time in a week due to rising skepticism about won-pegged stablecoin. According to Bloomberg, the exchange designated Kakaopay as an “investment risk” due to extreme volatility, but the underlying cause runs much

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Bolt Introduces ‘Bolt Connect’ to Streamline Merchant Onboarding and Enable Stablecoin Payments

Bolt Introduces ‘Bolt Connect’ to Streamline Merchant Onboarding and Enable Stablecoin Payments

Bolt, the checkout and payments platform, launched Bolt Connect to revolutionize marketplace onboarding while simultaneously introducing stablecoin payment support. The dual announcement put Bolt at the forefront of a massive industry transformation that has seen stablecoin market capitalization reach $228 billion. We just launched two major upgrades to accelerate commerce’s next leap:StablecoinsBolt Connect for marketplacesHere’s

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Global Watchdog Reveals Surge In Criminal Activity Involving Stablecoins

Global Watchdog Reveals Surge In Criminal Activity Involving Stablecoins

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure The Financial Action Task Force (FATF) has raised alarms about the “increasing risks” associated with the adoption of stablecoins and other cryptocurrencies.  Stablecoin Adoption Raises Security Concerns In a press release issued on June 26, the FATF noted that the growing use

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0M Power Play: UAE’s Aqua 1 Dives Into Trump-Linked WLFI

$100M Power Play: UAE’s Aqua 1 Dives Into Trump-Linked WLFI

A Web3 fund based in the United Arab Emirates has made a strategic $100 million investment in World Liberty Financial governance tokens. Creation of Institutional-Grade Marketplace The United Arab Emirates-based Web3 fund, Aqua 1, has announced a significant $100 million strategic purchase of World Liberty Financial (WLFI) governance tokens. The investment is intended to secure

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Trump-Backed Company Plans To Launch App, Audit

Trump-Backed Company Plans To Launch App, Audit

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure A big name in crypto is about to get a closer look. US Liberty Financial (WLF), the firm tied to US President Donald Trump, will release its first audit for the USD1 stablecoin in just days. The token hit over $2 billion

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