Western Union Launching Its Own Stablecoin on Solana
Western Union just dropped some pretty big news: they’re creating their own dollar-backed stablecoin called USDPT and launching it on Solana early next year. For...
Tag : Stablecoin
Bitcoin Swift Adoption Accelerates as Dual Consensus and Privacy Win Over Institutions
In the past, institutions hesitated to touch blockchain networks because of one glaring tradeoff: either you got privacy and scalability or transparency and security, but...
New Crypto Oversight Program by Fed Includes Guidelines for Stablecoin
The US Federal Reserve introduces a supervisory program to closely oversee cryptocurrency activities within its jurisdiction, aiming to ensure financial stability and curb risks. Highlighting...
The Evolution of Stablecoins: MUFG to Launch Blockchain-Based Progmat Coins
In a bid to streamline digital transactions, Mitsubishi UFJ Financial Group (MUFG), Japan’s premier bank, has announced an ambitious plan to deploy Progmat Coins, its...
Circle’s USD Coin Redemption Outpacing Purchases Despite Recovery
Stablecoin issuer Circle is experiencing a significant redemption of its USD Coin (USDC). Customers redeemed $738.6 million on March 20, while the firm issued less...
SEC takes Legal Action against Paxos over Binance Stablecoin
The Securities and Exchange Commission (SEC) is reportedly planning to file a lawsuit against Paxos Trust Company, a New York-based crypto asset trust firm, over...
Tether USD in 24,000 Brazilian ATMs from the 3rd of November
Tether, the largest stablecoin by market value, announced on Thursday that it would make its USDT cryptocurrency accessible at more than 24,000 ATMs in Brazil....
In the Wake of Bitcoin’s Drop Below $19,000, the Crypto Market Cap Surpasses $1 Trillion for the First Time
In continuation of a downward trend in cryptocurrencies, Bitcoin fell below $19,000 on Saturday. During the last 24 hours, bitcoin has declined more than 9%...
Peter Schiff Took A Dig at Terra Luna
Renowned Bitcoin critic Peter Schiff took a dig at Terra and tweeted that Terra USD is supposed to be a stablecoin that trades at parity...
USDC Issuer Circle to Raise $400 million
Circle Internet Financial announced on Tuesday that it had entered into a $400 million funding agreement with a number of asset managers, including BlackRock Inc.,...