Ripple to issue USD-pegged stablecoin challenging Tether and USDC market dominance
Ripple enters the stablecoin market with a USD-pegged token. Backed by USD deposits, treasuries, and audits, Ripple’s stablecoin targets institutional adoption. The new stablecoin will initially be issued on Ethereum…
EU publishes final draft rules on complaints handling for stablecoin issuers
The European Banking Authority (EBA) published the draft rules on complaints handling procedures for issuers of Assets Referenced Tokens (ART) on March 13. EBA collaborated with the European Securities and…
Stablecoin Studio on Sui, S3, to Give Sui Developers Compliant Payment Processing Stablecoin Applications
Grand Cayman, Cayman Islands, March 8th, 2024, Chainwire Powered by Pravica, S3 will provide builders on the Sui blockchain with the opportunity to seamlessly launch native stablecoins without the complexities…
Crypto.com teams up with BTG Pactual for BTG Dol stablecoin listing
Crypto.com partners with BTG Pactual to list BTG Dol stablecoin in Latam. The collaboration aims to bridge traditional banking with the crypto market. BTG Dol is to be traded against…
UK stablecoin and staking regulation likely within six months: Report
The UK government expects the country’s stablecoin and staking legislation within six months. Economic Secretary to His Majesty’s Treasury (HMT), Bim Afolami, said this during an event hosted by Coinbase…
Paxos expands its stablecoin to the Solana blockchain
Paxos has expanded to Solana, the first expansion for its USDP stablecoin to a new blockchain. The regulated company will issue its stablecoin on Solana starting January 17, 2024. Stablecoin…
Binance halts AEUR stablecoin trading after a 200% surge days after listing
Binance abruptly halts AEUR trading. The euro-pegged stablecoin experienced an extraordinary 200% surge just one day after its listing. AEUR is supposedly backed by euro fiat assets. Binance has abruptly…
UK publishes proposals on stablecoin regulation, outlines FCA’s regime
The HM Treasury today published a policy update to the country’s crypto regulation. In it, the UK government has outlined the FCA’s regime in stablecoin regulation. The Bank of England…
Stablecoin supply down below $125 billion as capital continues to leak from crypto
Key Takeaways The total supply of stablecoins has fallen every month since UST collapsed in May 2023 Last month saw another $1.7 billion of outflows, the total supply now 33%…
Visa expands its stablecoin capability to include USDC issued on Solana
Visa started venturing into USDC settlements back in 2021 through a partnership with Crypto.com. Crypto.com’s Australian card program’s cross-border volume was paid for using Ethereum-based USDC. Visa is now expanding…