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USDT at the Heart of Pig Butchering Scams Says the UN
16.1.2024
The stablecoin tether has emerged as one of the preferred payment methods for money launderers and fraudsters operating out of Southeast Asia, the findings of a new United Nations study have shown. According to Jeremy Douglas, criminals are choosing to use tether because they know that...
Tether Hits Back at UN Report Alleging Role of USDT in Illicit Activity in East Asia
16.1.2024
Tether, the issuer of the largest stablecoin by market cap, has challenged the United Nations (UN) for its report on underground banking and money laundering infrastructure in East and Southeast Asia
Circle CEO Jeremy Allaire Expects US to Pass Stablecoin Legislation in 2024
16.1.2024
Circle CEO Jeremy Allaire has expressed his confidence in the United States finally passing long-awaited stablecoin legislation this year. In a recent interview with CNBC at the World Economic Forum’s annual meeting in Davos, Switzerland, Allaire said there is growing momentum in...
Circle Completes USDC Upgrade to Version 2.2
16.1.2024
Circle, the stablecoin company, has completed the upgrade of its USDC stablecoin to the 2.2 version. The update brings a slew of changes, including gas efficiency improvements, support for account abstraction and smart contract wallets, and enhancements in the resiliency of the currency when...
Circle Reports Surge in Remittances Through USDC Stablecoin in Asia
15.1.2024
Circle, a crypto issuer, reported a significant increase in remittances flowing through Asia via its USDC stablecoin. USDC is a cryptocurrency pegged to the value of the U.S. dollar and is backed by liquid cash and cash-equivalent assets. It has settled over $12 trillion in blockchain transactions...
Stablecoin Leader Tether Approaches 100 Billion in Circulation
15.1.2024
Source: Adobe / Jim Tether, the issuer of the popular USDT stablecoin, has strengthened its dominance in the stablecoin market by approaching 100 billion tokens in circulation. The company’s market share expanded significantly in 2023, growing from 50% at the beginning of the year to over...
UN Report Highlights Tether’s Rising Role in Money Laundering Across Southeast Asia
15.1.2024
In a recent report released by the United Nations Office on Drugs and Crime, Tether, one of the world’s largest stablecoin Tether, has been identified as a prominent tool employed by money launderers and fraudsters operating in Southeast Asia. The report sheds light on the increasing use...
Morgan Stanley: Spot Bitcoin ETFs Could Reshape Global Crypto Attitudes
14.1.2024
Source: Adobe/wolterke The crypto landscape has changed dramatically over the past few years, with stablecoin volumes challenging traditional payment giants like PayPal and Visa. Wall Street is now taking a keen interest in this transformation, specifically through the emergence of spot Bitcoin...
Coinbase Partners With Yellow Card to Expand Access to Its Products in 20 African Countries
13.1.2024
The leading crypto exchange Coinbase has said it will expand access to its products to 20 African countries. Coinbase also claimed that its partnership arrangement with the Africa-focused crypto exchange Yellow Card can help increase financial freedom in countries where it is lacking. Increasing...
Coinbase Partners to Expand Digital Asset Access in Africa
12.1.2024
Source: Pixabay Crypto exchange behemoth Coinbase is entering into the African markets by collaborating with local stablecoin exchange Yellow Card. The significant move expands product access to Coinbase customers in 20 nations across the African continent. Crypto is here to stay — helping drive...
EBA Discusses Proposed Guidelines for Stablecoin Issuers
11.1.2024
Source: AdobeStock / rarrarorro European banking regulators have urged stablecoin issuers and other stakeholders to dialogue with regulators ahead of proposed stablecoin rules under the Markets in Crypto Assets (MICA) regulation. EBA Calls for Synergy Between Stakeholders and Regulators...
Stablecoin Issuer Circle Plans to Go Public, Files Confidentially With US Securities Regulator
11.1.2024
Circle Internet Financial, a fintech company and issuer of the stablecoin usd coin, has disclosed its move toward an initial public offering (IPO). The firm revealed that it has confidentially submitted a Form S-1 with the U.S. Securities and Exchange Commission (SEC). This strategic step by Circle...
USDC Stablecoin Issuer Circle Confidentially Files For IPO
11.1.2024
Source: AdobeStock Circle Internet Financial – the issuer of the world’s second-largest stablecoin, USD Coin (USDC) – has quietly filed for an initial public offering (IPO) with federal regulators. Their IPO registration follows a series of historic approvals by the Securities and Exchange...
PYUSD’s 30-Day Surge of 72% Vaults Paypal’s Offering Into USD Stablecoin Top Ten
11.1.2024
Over the last month, the supply of Paypal’s PYUSD stablecoin has seen a substantial increase, surging by over 72% from 167.83 million to 289.43 million PYUSD. This significant growth has propelled the payment behemoth’s dollar-linked digital currency to become the tenth largest among...
Stablecoin Issuer Circle Internet Files for IPO
11.1.2024
The number of shares to be offered and the price range for the proposed offering hasn't been set
Nigerian Stablecoin Consortium Seeks Central Bank Approval After Making a U-Turn on Stablecoin Launch
11.1.2024
The Nigerian stablecoin consortium has said it will not be launching a stablecoin in late February as previously advised. Instead, the consortium, which is comprised of banks and fintech startups, said it plans to launch the stablecoin only after it gets the green light from the central bank....
EU Industry Input 'Really Important' to Stablecoin Rulemaking Under MiCA, EBA Officials Say
11.1.2024
During a Thursday hearing on proposed guidelines for stablecoin issuers, European Banking Authority officials urged stakeholders to engage with regulators to "start on the right footing."
Decentralized Platform Aave Wins Community Votes to Onboard PYUSD Stablecoin
11.1.2024
Source: AdobeStock / Sundry Photography Aave, a decentralized platform that allows users to borrow/lend crypto, might consider adding PayPal’s PYUSD stablecoins to its Ethereum pool. The platform proposed its plans to integrate PYUSD stablecoin in December, seeking community vote. The voting window...
Aave Community Votes To Integrate PayPal’s Stablecoin
11.1.2024
Majority of token holders favor onboard PYUSD in AAVE's Ethereum pool, the ongoing vote shows
Liquidity Pool Comprising PayPal’s PYUSD Stablecoin on Curve Locks $135 Million in Value
10.1.2024
Source: iQoncept/Adobe A liquidity pool comprising PayPal’s dollar-backed stablecoin PYUSD on Curve has locked $135 million in total value, an indication that the stablecoin is gaining traction in decentralized finance (DeFi). The new liquidity pool, known as the FRAXPYUSD pool, went live...