Tag: Stablecoin

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Rhino.fi Launches Stablecoin 1:1 to Eliminate Hidden Settlement Spreads for Fintechs

Although stablecoins are fundamentally designed to track the US dollar, actual business outcomes rarely remain at a perfect 1:1 ratio once conversion spreads and...

CLARITY’s stablecoin yield ban shifts bargaining power from Coinbase to Circle

Circle (CRCL) was hit far harder than Coinbase (COIN) in Tuesday's sharp selloff due to the crypto bill CLARITY Act's latest stance on stablecoin...

Sky-backed Obex spreads $1 billion across credit, energy and AI assets to expand stablecoin yield

Obex, the Framework Ventures-backed incubator, began deploying $1 billion on Wednesday to link the Sky ecosystem’s USDS stablecoin with income from tangible assets like...

Latest Clarity Act Draft Bans Rewards on Passive Stablecoin Balances

Activity-based rewards are allowed, but anything ‘economically equivalent to interest’ is barred.Crypto industry leaders reviewed the draft stablecoin yield language in the Digital Asset...

Stablecoin Bill Introduced in Delaware Aims to Create Licensing Framework

Two Delaware lawmakers are working to establish stablecoin regulations as part of a broader package of regulatory proposals aimed at “modernizing” the state’s financial...

Circle Stock Dives as Rival Tether Secures Big Four Audit, Crypto Bill Threatens Stablecoin Yield

In brief Circle's CRCL shares dropped 20% on Tuesday following a recent surge in value for the firm's stock. Stablecoin giant Tether announced a long-awaited agreement...

Delaware Eyes Stablecoin Leadership With New Licensing Framework

Delaware lawmakers introduced Senate Bill 19 on Monday afternoon, aiming to establish one of the nation’s first state-level regulatory regimes for payment stablecoins aligned...

Stablecoin yield in crypto Clarity Act won’t allow rewards on balances, latest text says

Crypto industry insiders got their first look at the revised market structure bill in the Senate, and the opening impression was that the language...

NovaBay Rebrands as ‘Stablecoin Development Corporation’ With Nearly 9% of SKY Supply

The company, which generated less than $10 million in revenue last year selling eyecare products, raised $134 million to bet entirely on the Sky...

Resolv Labs stablecoin plummets 80% as exploiter mints millions in unbacked USR tokens – DL News

Resolv Labs’ USR stablecoin plummeted after a private key exploit.The attacker minted 80 million USR tokens using less than $200,000 in collateral.Vault curators on...

Attacker exploits Resolv USR stablecoin to mint 80 million tokens, cashes out $25M: Resolv Labs

An attacker has successfully exploited the Resolv USR stablecoin protocol, minting 80 million tokens and withdrawing at least $25 million before the depeg.An attacker...