Circle Report Shows USDC Navigating Challenging Waters in 2023
Despite a difficult 2023 with a considerable decline in circulating provide, a Circle report claims USDC emerges resilient, experiencing a surge in real-world purposes and...
Tether Criticizes UN Report for Ignoring USDT’s Role in Helping Developing Economies
Tether, the issuer of the stablecoin USDT, has blasted the findings of a United Nations Office on Drugs and Crime research which ignore the stablecoin’s...
USDT on the Heart of Pig Butchering Scams Says the UN
The stablecoin tether has emerged as one of many most well-liked cost strategies for cash launderers and fraudsters working out of Southeast Asia, the findings...
Coinbase Partners With Yellow Card to Expand Access to Its Products in 20 African Countries
The main crypto trade Coinbase has stated it would broaden entry to its merchandise to twenty African nations. Coinbase additionally claimed that its partnership association...
PYUSD’s 30-Day Surge of 72% Vaults Paypal’s Offering Into USD Stablecoin Top Ten
Over the final month, the provision of Paypal’s PYUSD stablecoin has seen a considerable enhance, surging by over 72% from 167.83 million to 289.43 million...
Consortium of Nigerian Banks and Fintechs Cleared to Pilot Stablecoin
The Nigerian central financial institution has given its go-ahead for the Africa Stablecoin Consortium (ASC) to pilot its cNGN stablecoin initiative within the monetary regulator’s...
Gamma Heist — Over $3M in Digital Assets Drained, 1,000 ETH Moved to Tornado Cash
On Jan. 4, the decentralized finance protocol Gamma Strategies was a sufferer of a hacking assault which noticed criminals make off with digital belongings price...
USDC Stablecoin Temporarily Depegs to $0.76 on Binance Amid Market Turbulence
Circle’s USDC, usually pegged to the greenback, skilled sudden volatility on Binance, dipping as little as $0.76 amidst a market rattled by Bitcoin ETF skepticism...
Stablecoin Storm — Gemini’s GUSD Shrinks 93% Amidst Market Turbulence
Over the previous few years, the stablecoin market has considerably slowed, significantly since mid-2022, following the collapse of Terra’s stablecoin. Additionally, final 12 months, the...
Hong Kong Regulators Unveil Public Consultation Paper on Stablecoin Regulation
Hong Kong Monetary Authority (HKMA) and Financial Services and the Treasury Bureau have launched a public session paper to assemble residents’ opinions on the proposed...