Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Ripple CEO Brad Garlinghouse has discussed the current state of the stablecoin industry and how much the industry could be worth in the next few years. He also commented on why his firm’s RLUSD stablecoin has the potential to dominate the market […]
Ripple CEO Drops Bomb On Stablecoin Market, Is RLUSD The Savior? Read More »
Binance founder Changpeng Zhao or CZ threatened to sue news agency Bloomberg for a second time over its report alleging links between the exchange and the USD1 stablecoin. In an X post on Friday, CZ called the article “another hit piece” that was “sponsored by a competitor,” without explicitly naming the competitor. He dismissed it
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure In a rare move, a Shanghai regulator just held a meeting on stablecoins and digital currencies. Is China warming up to crypto? Shanghai Regulator Discussed Crypto In A Meeting Shanghai State-owned Assets Supervision and Administration Commission (SASAC) held a meeting on Thursday
China Softening On Crypto? Shanghai Hosts Rare Meeting Read More »
Tether announced it will discontinue support for its USDT stablecoin on five “legacy” blockchains, including Omni Layer, Bitcoin Cash SLP, Kusama, EOS, and Algorand. According to the July 11 announcement, the move will become effective Sept. 1, ending redemptions and freezing remaining tokens on those networks. The decision comes as part of what the company
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure The Bank of Korea’s Governor has warned about the issuance of stablecoins by non-bank entities, arguing that these digital assets could confuse monetary policies and foreign exchange regulations. BOK Concerned About Non-Bank Stablecoins At a Thursday press conference, Bank of Korea (BOK)
Bank Of Korea Warns Of Stablecoins From Non-Bank Entities Read More »
Ethena Labs reached $290.2 million in total protocol revenue on July 9, trailing only Tether, Circle, and Sky among stablecoin issuers. Token Terminal data show that the stablecoin issuer reached $100 million in cumulative revenue 251 days after its launch, making it the second-fastest protocol to cross this threshold. Daily fees averaged $3.1 million during
Ethena rockets to $290 million in revenue, seeks SEC clarity on USDe Read More »
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Tether, the company behind the USDT stablecoin, has moved roughly 80 tons of gold—about $8 billion worth—into its own vault in Switzerland. According to a report, CEO Paolo Ardoino says this private vault is “the most secure in the world.” He added that
Tether Moves 80 Tons Of Gold Offshore Read More »
According to a July 9 announcement, Ripple has appointed BNY Mellon as the official reserve custodian for its enterprise-focused stablecoin, Ripple USD (RLUSD). According to a July 9 announcement, BNY Mellon was selected based on its extensive experience in digital asset infrastructure and its role as a trusted provider of transaction banking services in the US. The
Ripple appoints BNY Mellon as custodian for RLUSD reserves as supply tops $500M Read More »
More than 50 institutions, including major stablecoin issuers and crypto service providers, have received regulatory approval under the European Union’s Markets in Crypto-Assets (MiCA) framework within the first six months of the regulation. On July 7, Circle executive Patrick Hansen shared new data from the European Securities and Markets Authority (ESMA), revealing that 53 entities
EU grants MiCA licenses to 53 crypto firms, Tether and Binance left behind Read More »
Authorities in the Chinese city of Shenzhen have warned residents about fraudulent investment schemes tied to digital assets and stablecoins. In a statement published on July 7, the city’s Office of the Municipal Task Force for Preventing and Combating Illegal Financial Activities cautioned against deceptive platforms posing as legitimate crypto investment opportunities. According to the
Shenzhen warns citizens of investment scams using stablecoins Read More »
