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Stably to deliver USD-supported stablecoin Stably USD


Stably, which is a top stablecoin as a service (SCaaS) and flat on-and-off framework provider in terms of Web3 projects, is coming out with its USD-supported stablecoin going by the name of Stably USD. It will be playing the role of a conventionally released BRC20 token having the symbol of #USD....

Circle Expands Euro-Pegged Stablecoin to Avalanche Blockchain


On Thursday, the stablecoin issuer Circle Financial announced that the euro-pegged crypto asset EUROC is expanding natively on the Avalanche (AVAX) blockchain. According to Circle, several decentralized finance (defi) protocols and projects are supporting the new AVAX-issued EUROC asset....

Crypto is Losing the Sense of Rarity: Does It Matter?


Robert Quartly-Janeiro is the Chief Strategy Officer of the Singapore-based Tier-1 cryptocurrency exchange Bitrue.__________  As I was flicking through the weekend supplement of a well-known financial newspaper, the number of luxury watch advertisements I had to bypass got me thinking: with...

U.S. Hearing Highlights Stablecoin Rift in Competing House Bills


U.S. lawmakers aren’t yet able to reach across the chasm between Republicans and Democrats’ very different ideas for how to oversee stablecoins, despite notes of hope from both sides evident in a Thursday hearing of the House Financial Services Committee’s digital assets panel

Stablecoin Issuer Tether Reveals Plan to Allocate Profits Into Bitcoin


Tether, the stablecoin enterprise, has revealed its intention to devote 15% of its profits to bitcoin. The firm’s announcement comes on the heels of Tether’s recent attestation report, which emphasized the company’s possession of bitcoin reserves worth $1.5 billion....

Rep. Maxine Waters Ushers In Stablecoin Bill Ahead of Thursday House Hearing


Rep. Maxine Waters is ushering in a draft bill to regulate stablecoins ahead of a House hearing this week. The California Democrat’s draft bill would “provide requirements for payment stablecoin issuers, research on a digital dollar, and for other purposes,” according to a committee memo...

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