The Pi Protocol will launch later this year on the Ethereum and Solana blockchains Tether co-founder Reeve Collins is stepping back into the stablecoin market with a new decentralized project aimed at offering yield-producing digital assets. His latest venture, Pi Protocol, is set to launch later this year on the Ethereum and Solana blockchains, introducing
An EU-wide stablecoin initiative is receiving resistance across the union European lawmaker Sarah Knafo has made a strong case for Bitcoin while criticizing the European Central Bank’s (ECB) push for a digital euro. Speaking before the European Parliament, Knafo called for the EU to establish a strategic Bitcoin reserve and reject the central bank digital
The US dollar-backed stablecoin was recently approved by the NYDFS Ripple is launching its new US dollar-backed stablecoin, RLUSD, today. The news followed approval earlier this month from the New York State Department of Financial Services. Initially, RLUSD will be available on select global exchanges and issued on both the Ethereum blockchain and XRP Ledger,
A change in European cryptocurrency oversight is forcing exchanges to take action Cryptocurrency exchanges in Europe are taking significant steps to comply with the upcoming enforcement of the Markets in Crypto-Assets Regulation (MiCA). As the regulatory framework nears full implementation on December 30, 2023, major platforms, including Coinbase Europe, Coinbase Germany, and Coinbase Custody International,
The two companies are partnering on new stablecoin initiatives centered on USDC Circle and Binance have announced a strategic partnership aimed at expanding the global adoption and utility of stablecoins. This collaboration was unveiled during Abu Dhabi Finance Week and emphasizes the growing role of stablecoins like USD Coin (USDC) in modern financial systems. We
The securities regulator doesn’t want creditors to be paid in stablecoins The US Securities and Exchange Commission (SEC) has raised concerns about FTX’s proposed payout plan for its creditors, indicating that it might take legal action to prevent certain aspects of the plan. The regulator specifically highlighted its reservations about FTX’s intention to repay creditors
The stablecoin has expanded its reach significantly over the past year Tether, the issuer of the USDT stablecoin, has recently minted an additional $1 billion worth of USDT tokens on the Tron blockchain. This latest minting event was identified earlier today when blockchain data revealed that these new tokens were sent to Tether’s treasury wallet
The company is working on new projects that will help it diversify its offerings Tether, which runs the world’s biggest stablecoin by market value, recently announced restructuring to add new divisions outside developing stablecoin. The stablecoin goliath announced on April 18 that it had established a new framework for its four new business divisions, including Tether Finance, Tether Data,
Senator attaches stablecoin legislation to a marijuana bill in hopes of pushing it through Sherrod Brown, the US Senate Banking Committee Chair, disclosed plans to combine a significant stablecoin bill with marijuana business legislation. He views it as a chance to drum up support for the stablecoin initiative without giving it a lot of exposure.
The company is exploring whether a native stablecoin can offer better protections Sony Bank, the financial arm of the Sony Group Corporation, announced it has begun researching issuing its own stablecoin pinned to fiat currencies, like the Japanese yen. The trial will occur on the Polygon blockchain in partnership with Belgium blockchain firm SettleMint. Jun
Tether isn’t happy with the UN’s portrayal of the use of the stablecoin Major stablecoin company Tether has reacted to a United Nations (UN) report spotlighting the alleged involvement of its Tether stablecoin in illegal activity. The Southeast Asia and Pacific divisions of the UN Office for Drugs and Crime (UNODC) published a report on
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