STABLECOIN
A stablecoin (or stable coin), as its name indicates, is a stable cryptocurrency designed to be resistant to the type of price volatility synonymous with cryptocurrencies like Bitcoin and Ether. The key is to understand "stable": what is "stable"? which references are pegged to make its value "stable"? In terms of what we measure the "stability".
Balanced Integrates Injective (INJ) to Enhance Cross-Chain DeFi
Balanced, a cross-chain DeFi platform, integrates with Injective, introducing the bnUSD stablecoin and expanding DeFi capabilities.
Tether (USDT) to Launch UAE Dirham-Pegged Stablecoin in Collaboration with Phoenix Group
Tether announces plans to introduce a stablecoin pegged to the UAE Dirham (AED), in partnership with Phoenix Group and Green Acorn Investments.
Ripple (XRP) USD (RLUSD) Beta Testing Commences on XRP Ledger and Ethereum Mainnet
Ripple (XRP) begins beta testing its stablecoin, Ripple USD (RLUSD), on the XRP Ledger and Ethereum mainnet, a significant step in digital finance.
Circle's Euro-Backed Stablecoin EURC Launches on Base
Circle's EURC stablecoin is now live on the Base mainnet, enabling developers and users to mint and redeem EURC. Supported by major partners like Coinbase and Uniswap.
Standard Chartered, Animoca Brands, and HKT Collaborate in HKMA Stablecoin Issuer Sandbox
Standard Chartered, Animoca Brands, and HKT are joining forces in the HKMA’s stablecoin issuer sandbox to explore digital asset innovations.
HKMA Reveals Participants for Stablecoin Issuer Sandbox
The Hong Kong Monetary Authority (HKMA) has announced the participants of its stablecoin issuer sandbox, fostering the development of Hong Kong's stablecoin ecosystem.
Hong Kong Proposes Regulatory Framework for Stablecoin Issuers
The Hong Kong Monetary Authority and FSTB release consultation conclusions on a legislative proposal for stablecoin regulation.
SEC Drops Stablecoin Probe, Marking a Win for Paxos and the Crypto Industry
In a significant move, the SEC has ended its investigation into Paxos' BUSD stablecoin, signaling a potential shift in regulatory stance toward the crypto industry.
Circle's Euro-Backed Stablecoin EURC to Launch on Base
Circle is set to introduce EURC, its euro-backed stablecoin, on the Base network, enhancing the ecosystem with faster and cheaper commerce solutions.
Circle's USDC Achieves MiCA Compliance: Implications for Binance Users
Circle's USDC has been authorized as a MiCA-compliant e-money token, impacting Binance users in the European Economic Area (EEA).
UK to Introduce New Stablecoin and Crypto Laws by July
UK Economic Secretary Bim Afolami plans to introduce new laws to regulate stablecoins and crypto, addressing the rapidly growing industry with licensing requirements, tax implications, exchange platform scrutiny, and robust security measures.
Elizabeth Warren Urges Treasury Secretary Yellen to Implement Strong AML/CFT Measures for Stablecoins
US Senator Elizabeth Warren has urged Treasury Secretary Janet Yellen to include comprehensive Anti-Money Laundering and Combating the Financing of Terrorism measures for stablecoins, highlighting potential risks of funding terrorist activities.
VanEck Spearheads Entry into Stablecoin Market with Agora's AUSD Launch
Agora, backed by VanEck, announces the launch of AUSD, a USD-backed stablecoin, following a successful $12 million funding round led by Dragonfly.
HKMA Initiates Stablecoin Issuer Sandbox Program
The HKMA has announced the launch of a stablecoin issuer sandbox, a step forward for fintech innovation in Hong Kong, aligning with regulatory oversight.
Circle Deploys New Pre-Mint Address for USDC on Solana (SOL)
Circle has introduced a new pre-mint address for USDC on the Solana blockchain, streamlining operations in anticipation of the Cross-Chain Transfer Protocol launch.