Stablecoins

Jeremy Allaire, CEO of stablecoin issuer Circle, voiced increased optimism about the current state of cryptocurrencies and expected significant advancements over the next decade. What Happened: In a long post on X Wednesday, Allaire enthusiastically remarked, "I'm more bullish than I have ever been...

Former Speaker of the U.S. House of Representatives Paul Ryan on Friday emphasized the potential of stablecoins in safeguarding America’s financial future amidst mounting national debt concerns. Stablecoins as a Solution to Debt Crisis In an opinion piece in The Wall Street Journal, Ryan...

A study conducted by Visa (NYSE:V) and Allium Labs unveiled that more than 90% of stablecoin transactions are not genuine, raising questions on the digital tokens' belief. What Happened: According to the dashboard created by Visa and Allium Labs, stablecoins are far from achieving universal...

In a strategic move to broaden its reach beyond stablecoins, Tether (CRYPTO: USDT), the world’s largest stablecoin creator, has announced a reorganization into four divisions. What Happened: Tether has formed four divisions to reflect its expanding focus and interest in sectors beyond its...

Andrey Zverev, a self-proclaimed Russian smuggler, has been using Tether (CRYPTO: USDT), a popular cryptocurrency, to facilitate transactions for procuring high-tech equipment and weapons parts, helping Russian companies bypass Western sanctions. What Happened: Zverev, a middleman for Russian...

Coinbase Inc. (NASDAQ: COIN) UK CEO Daniel Seifert on Thursday dubbed Bitcoin (CRYPTO: BTC) as a viable alternative in countries that are grappling with financial challenges. In an interview with Benzinga, Seifert pointed to several catalysts fueling Bitcoin's meteoric rise to a new...

In its 2023 annual report, Tether (CRYPTO: USDT) disclosed $6.2 billion in profits. CEO Paolo Ardoino emphasized the importance of the industry shifting toward blockchain solutions with real-world applications. What Happened: In a recent podcast with "The Wolf Of All...

Monero (CRYPTO: XMR), a digital currency known for its privacy features, is down 37% in a day following a Binance announcement that it will soon delist the cryptocurrency from its trading platform. What Happened: According to Binance's statement on Feb. 6, Monero, along with...

In a direct address to the House Financial Services Committee on Tuesday, Treasury Secretary Janet Yellen raised significant concerns regarding the commercial real estate sector and outlined the Financial Stability Oversight Council’s focused attention on the risks associated with digital...

While NBA legend Dwight Howard boasts a successful 20-year career on the court, his foray into the world of cryptocurrencies has been less glamorous. His attempt to launch an NFT collection "Ballers by Dwight Howard," faced accusations of being an alleged "rugpull"...

Even as Andreessen Horowitz (a16z) general partner and venture capitalist Chris Dixon recently claimed none of the companies in the a16z portfolio are allowed to sell tokens to the public, a review of a16z's investments revealed several instances that appear to disagree with...

Cantor Fitzgerald CEO Howard Lutnick believes Tether (CRYPTO: USDT), the biggest stablecoin by market capitalization, has substantial assets and liabilities. What Happened: "There's a company that I like called Tether," he told Bloomberg. "And the group I want to say here...

Circle Internet Financial, the entity responsible for the prominent stablecoin USDC (CRYPTO: USDC), announced its confidential filing for an initial public offering (IPO) in the United States. This move aligns with the company's ambition to transition into a publicly traded entity, Reuters...

The Securities and Exchange Commission (SEC) is on the precipice of a landmark decision: approving the first-ever spot Bitcoin (CRYPTO: BTC) Exchange-Traded Funds (ETFs). This seemingly innocuous bureaucratic step could disrupt the crypto market, traditional finance and the global...

Major stablecoins experienced a temporary de-peg following the price drop in the cryptocurrency markets. The USDC/USDT trading pair, typically known for its stability, witnessed a dramatic de-peg on Binance, plunging to $0.76 and $0.8 at 20:00 and 20:15 UTC+8, respectively, before...