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Bank for International Settlements argues stablecoins fail ‘three key tests’
The Bank for International Settlements highlights concerns about stablecoins’ limitations while emphasizing the important role that tokenizing central bank reserves and traditional...
Read Full Article →Bank of Korea warns local stablecoins could boost dollar demand against presidential goals
The Bank of Korea highlights potential increases in foreign currency demand due to local stablecoins, which may challenge efforts to strengthen the domestic currency and retain cap...
Read Full Article →Paxos launches new startup to help institutions offer DeFi products
Paxos Labs has introduced a new venture aimed at enabling companies to develop stablecoins, provide decentralized finance yield opportunities, and efficiently oversee digital asset...
Read Full Article →China’s central bank unveils e-CNY center to boost global reach, cites stablecoins’ impact on cross-...
The establishment of the e-CNY center aims to enhance the digital yuan’s role in global transactions, potentially influencing international financial systems by addressing the grow...
Read Full Article →Crypto analytics firm TRM Labs says 99% of stablecoin activity in 2024 was ‘licit’
Stablecoins account for more than 60% of cryptocurrency transactions in 2024, reflecting a significant shift toward legitimate use and a decline in illicit activities within the ma...
Read Full Article →Charles Hoskinson proposes $100 million ADA investment to boost Cardano DeFi ecosystem
Charles Hoskinson has suggested a substantial investment to enhance the Cardano decentralized finance platform, potentially involving the acquisition of various digital assets such...
Read Full Article →The Daily: GameStop upsizes offering to $2.25 billion amid bitcoin treasury push, Walmart and Amazon...
GameStop’s increased capital raise aims to support its cryptocurrency initiatives, while major retailers like Walmart and Amazon are exploring digital currency options, signaling g...
Read Full Article →Walmart and Amazon consider issuing US dollar-backed stablecoins: WSJ
Walmart and Amazon’s potential entry into digital currency through US dollar-backed stablecoins could influence payment systems and financial markets amid evolving regulatory devel...
Read Full Article →Plasma doubles its deposit cap, clarifies it is eyeing $50M public sale at $500M FDV
By increasing its deposit limit, Plasma aims to raise substantial capital through a token offering, allowing stablecoin holders to gain access to XPL and potentially benefit from f...
Read Full Article →Spot Ethereum ETFs pull in $240 million, beating Bitcoin ETFs’ $164 million daily inflows
Ethereum-focused exchange-traded funds attracted significantly higher daily investments than those linked to Bitcoin, driven by favorable regulatory developments in decentralized f...
Read Full Article →Uber is evaluating stablecoins’ potential for payments, CEO Khosrowshahi says
Uber is exploring the use of digital assets pegged to stable values as a possible method for processing transactions, which could impact the company’s payment systems and financial...
Read Full Article →Hackers drain over $3 million in crypto from Nervos Network’s Force cross-chain bridge, say security...
Security experts report that a vulnerability in Force, a cross-chain bridge on the Nervos Network, resulted in the loss of approximately $3 million worth of various cryptocurrencie...
Read Full Article →Thailand plans to offer a investment-grade crypto token to the public: Bloomberg
Thailand’s initiative to introduce a government-backed digital asset aims to enhance investor confidence and potentially attract both domestic and international capital into the co...
Read Full Article →Meta explores stablecoins to reduce payment costs years after selling off failed Diem project: repor...
Meta’s renewed consideration of digital currencies aims to lower transaction expenses by leveraging regulatory improvements in the cryptocurrency sector, potentially enhancing effi...
Read Full Article →Rep. Torres to introduce bill banning Trump, lawmakers from cashing in on memecoins and stablecoins
A proposed bill aims to prevent certain politicians, including former President Trump, from earning financial gains through involvement with memecoins and stablecoins, impacting re...
Read Full Article →House Democrats boycott crypto regulation hearing as tensions flare over Trump’s digital asset ties
The refusal of House Democrats to attend the hearing highlights ongoing disagreements that could delay the establishment of federal rules impacting the stablecoin market and relate...
Read Full Article →Mentions of ‘cryptocurrency’ and ‘stablecoins’ in SEC filings hit record high in April
The increased frequency of references to digital assets in regulatory documents indicates growing attention and potential impact on financial markets and investor oversight in the...
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