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DBS Bank Enters Stablecoin Custody Space in Singapore
2.7.2024
Singapore’s largest bank, DBS Group Holdings, has announced its entry into the cryptocurrency industry with stablecoins. According to Bloomberg, DBS will provide custody services for stablecoin reserves and offer related cash management services. This move comes through a partnership with...
Paxos Gains Singapore Approval for Stablecoin Issuance With DBS Providing Custody
2.7.2024
The Monetary Authority of Singapore released its stablecoin framework last year
EU MiCA stablecoin regulations come into effect: Law Decoded
1.7.2024
Noncompliant stablecoin issuers could potentially exit the EU market entirely, with a shift toward euro-backed stablecoins as demand picks up in European markets
Circle becomes first licensed stablecoin issuer under MiCA
1.7.2024
Circle’s USDC and EURC stablecoins become the first fully compliant digital fiat tokens under the Markets in Crypto-Assets rules
Circle Snags First Stablecoin License Under EU's New MiCA Crypto Rules
1.7.2024
Circle Mint France will issue the euro-denominated EURC stablecoin and USDC in the European Union in compliance with MiCA
Philippines adopts Tether’s USDT for social security payments
1.7.2024
The Social Security System is a state-run social insurance program that serves employees in the official, informal, and private sectors
Stablecoin Market Remains Steady in June Amidst Crypto Volatility
30.6.2024
While June was a lackluster period for crypto assets as many experienced double-digit losses against the U.S. dollar, the stablecoin market also saw minimal growth over the past 30 days. Ethena’s USDE led the growth, with its supply increasing by 21.4% since May. Stablecoin Economy Shows...
Curve Finance adopts crvUSD for fee distribution
28.6.2024
Curve Finance shifts from 3crv to crvUSD for fee distribution, enhancing the stablecoin’s utility and ecosystem integration
Solana’s Stablecoin Transfer Volume Drops Drastically Amid Scrutiny
28.6.2024
According to stablecoin transfer volume metrics divided by blockchain, Solana’s daily transfer volume has decreased from a range of $75 billion to $100 billion daily to around $7 billion daily. Additionally, a crypto advocate expressed doubts about the legitimacy of Solana’s previous...
EU's Restrictive Stablecoin Rules Take Effect Soon and Issuers Are Running Out of Time
27.6.2024
The European Banking Authority told CoinDesk it intends to publish a final report on how it will monitor stablecoin issuers by the end of the month
Bitstamp drops Euro Tether amid new MiCA rules
26.6.2024
Bitstamp was one of the first crypto exchanges to list Tether’s euro-pegged stablecoin, the Euro Tether, in November 2021
Tether’s slowdown in supply points to cooling crypto activity
25.6.2024
As of June 24, Tether’s month-over-month supply has risen by less than 1.5%, down from over 5% in April and May
Tether to Stop Minting Stablecoin USDT on Algorand and EOS
24.6.2024
The circulating supply of the dollar-linked stablecoin on the two blockchains represents roughly 0.1% of the total USDT supply
Tether halts USDT minting on EOS and Algorand
24.6.2024
Tether discontinues support for the EOS and Algorand implementations of its flagship stablecoin USDT
Stablecoin issuers rank as 18th largest holder of US Debt
21.6.2024
The Stablecoin legislation put forward by the American government is noted, and Stablecoin Issuers is the ultimate source of demand for the US treasury. According to the recently available data, Stablecoin Issuers possess more than $120 billion in American treasury notes. Stablecoin Issuers is...
What is Tether’s gold-backed stablecoin, ‘Alloy’ (aUSD₮)?
21.6.2024
Alloy by Tether introduces a new class of digital assets called tethered assets, designed to track the price of various assets using robust stabilization mechanisms
Binance integrates USDT on Toncoin Network, opens transactions
21.6.2024
Users can now deposit and withdraw USDT on the Toncoin Network via Binance, enhancing liquidity and reducing transaction fees
Nonprofit criticizes Tether in multimillion-dollar ad campaign
20.6.2024
Consumers’ Protection will bring negative aspects of Tether to consumer attention with billboards and TV ads
Italian gov't to ramp up surveillance of crypto market
20.6.2024
The latest draft policy stipulated fines between 5,000 – 5 million euros ($5,400-$5.4 million) for market manipulation and other financial crimes
Stablecoin Transfer Volumes Increase Tenfold in 4 Years, Reaching $1 Trillion Monthly
20.6.2024
According to statistics from Token Terminal, monthly stablecoin transfer volumes have multiplied ten times over the past four years, increasing from $100 billion to $1 trillion per month. Data Highlights Explosive Growth in Monthly Stablecoin Transfers In recent years, stablecoin assets have gained...