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…
Num Finance launches stablecoin pegged to Colombian Peso on Polygon
Num Finance’s new stablecoin nCOP adds to the nARS and nPEN pegged on Argentina Peso and Peruvian Sol. Colombia is one of Latin America’s top remittances markets with nearly $6.5…
Coinbase buys a stake in USDC stablecoin issuer Circle
Previously, Coinbase only assumed a minority role as a distributor and promoter of the Circles USDC project. Buying a stake in Circle means Coinbase is taking a more hands-on approach…
PayPal launches its stablecoin: What it means for Shiba Memu presale
Key takeaways PayPal launched its stablecoin pegged to the US Dollar earlier this week. Shiba Memu’s presale has now raised more than $1.7 million. PayPal, one of the leading payment…
Concerning revelation: PayPal’s stablecoin can wipe out account balances
PayPal launched its stablecoin on the Ethereum blockchain. Huobi has already announced it will launch the new stablecoin. The PYUSD has an “assetProtection” role that can wipe your balance in…
Huobi to list PayPal’s PYUSD stablecoin
Huobi plans to list PayPal USD (PYUSD), the stablecoin launched by PayPal. Trading for PYUSD/USDT will open when liquidity conditions are met. Crypto exchange Huobi has announced it will list…
Shinhan Bank, SCB TechX pilot cross-border stablecoin payments on the Hedera
Shinhan Bank and Siam Commercial Bank’s SCB TechX recorded real-time, low-cost remittances. The pilot on the Hedera network involved cross-border stablecoin payments using South Korean won (KRW), the Thai Baht…
GHO: A Decentralized Multi-Collateral Stablecoin by Aave
What is GHO? GHO is a stablecoin developed by the Aave protocol team. It is pegged to the US dollar and users can mint GHO by supplying any (or a…