Stablecoins

Congress weighs stablecoin framework and rejects CBDC overreach

Congress weighs stablecoin framework and rejects CBDC overreach

Lawmakers and industry experts discussed the importance of US dollar-backed stablecoins in the financial system and the urgency of a regulatory framework for these assets during a hearing convened by the US House Committee on Financial Services on March 11.  Titled “Navigating the Digital Payments Ecosystem: Examining a Federal Framework for Payment Stablecoins and Consequences […]

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Key growth drivers and TradFi integration

Key growth drivers and TradFi integration

The following is a guest post from Uldis Tēraudkalns, Chief Revenue Officer at Paybis. The stablecoin market supports the general trend: today, its total market cap surpassed $225 billion. Data from DefilLama shows a jump from under $140 billion at the end of 2023, while another jump of over $25 billion followed Donald Trump’s President-elect

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Japan ushers in stablecoin era with SBI VC Trade’s landmark license and planned USDC listing

Japan ushers in stablecoin era with SBI VC Trade’s landmark license and planned USDC listing

SBI VC Trade has become Japan’s first company to receive official approval to handle stablecoins like USD Coin (USDC), marking a significant step in the country’s crypto market. On March 4, the firm announced its registration as an “Electronic Payment Instruments Business Operator” under Japan’s updated regulatory framework. This milestone allows the platform to facilitate

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Stablecoins, Not Bitcoin, In Focus At First U.S. Digital Assets Subcommittee Hearing

Stablecoins, Not Bitcoin, In Focus At First U.S. Digital Assets Subcommittee Hearing

Today, the Senate Banking Subcommittee on Digital Assets hosted its first hearing, entitled “Exploring Bipartisan Legislative Frameworks for Digital Assets,” at which certain members of the subcommittee and crypto industry witnesses predominantly discussed stablecoin regulation. Senator Cynthia Lummis (R-WY), a long-time proponent of the Bitcoin and digital asset industry, presided over the hearing with assistance

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Circle CEO says US dollar-pegged stablecoins should be registered in the US

Circle CEO says US dollar-pegged stablecoins should be registered in the US

Circle co-founder Jeremy Allaire has called for US dollar-pegged stablecoin issuers to be registered in the United States, emphasizing the need for regulatory clarity as lawmakers introduce new legislation on digital assets. Allaire made the statement during a Bloomberg interview on Feb. 26 amid growing discussions in Washington over stablecoin oversight, a key issue in

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MEXC invests  million in USDe to drive stablecoin adoption, launches ,000,000 reward event

MEXC invests $20 million in USDe to drive stablecoin adoption, launches $1,000,000 reward event

MEXC, the world’s leading cryptocurrency trading platform, has invested $20 million in USDe, Ethena’s synthetic dollar, as part of its commitment to expanding stablecoin adoption and fostering innovation within the crypto ecosystem. Meanwhile, MEXC Ventures, the investment arm of the global cryptocurrency exchange MEXC, has made a strategic investment of $16 million in Ethena. The

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Tether CEO alleges rivals aim to ‘kill’ USDT through legal and legislative channels

Tether CEO alleges rivals aim to ‘kill’ USDT through legal and legislative channels

Tether CEO Paolo Ardoino has voiced concerns that the company’s rivals are leveraging legal and regulatory tactics to destabilize the stablecoin issuer. In a Feb. 25 post on X, Ardoino alleged that some stablecoin issuers in the US are using political lobbying and legislative efforts to target Tether’s operations. According to him: “While our competitors

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