Tag: Stablecoin

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ECB Says Stablecoin Risks Strengthen Digital Euro Case

European Central Bank (ECB) Executive Board member Isabel Schnabel said stablecoins could bring old financial-market vulnerabilities into tokenized finance, while strengthening the case for...

JP Morgan’s Dimon escalates battle over stablecoin rewards in CLARITY Act debate

JPMorgan Chase CEO Jamie Dimon on Friday yet again sharply criticized Coinbase CEO Brian Armstrong and warned that the latest version of the Clarity...

Tether’s U.S.-focused stablecoin grows 500% in a month, but still lags Circle, Ripple, Paypal

Stablecoin giant Tether's U.S.-focused digital dollar token USAT (USAT) expanded more than sixfold month-over-month in April, it still lags far behind its rivals.According to...

Mastercard Wins NY BitLicense, Deepening Push Into Stablecoin Settlement

The payments giant, which processed nearly $11 trillion in volume last year, secured one of the US's most demanding state crypto licenses as it...

SoFi Brings Its Bank-Issued Stablecoin to 14.7 Million Members

SoFiUSD, first launched in December for enterprise clients, is now live inside the SoFi app — making it the first stablecoin issued by a...

Anchorage Digital, Falcon Finance Launch GENIUS-Ready fUSD Stablecoin

Anchorage Digital Bank, N.A. and Falcon Finance have launched fUSD, a U.S. dollar stablecoin aimed at institutional holders that want regulated stablecoin exposure without...

Block kicks off Cash App’s phased stablecoin roll out to its nearly 60 million users

Block’s Cash App has quietly begun rolling out its highly anticipated stablecoin payment feature, a source familiar with the matter told CoinDesk Wednesday. According...

UK sanctions Huobi and ruble stablecoin issuer in crackdown on Russia crypto networks

The United Kingdom has imposed sanctions on a group of cryptocurrency exchanges, payment firms and individuals accused of helping Russia evade Western restrictions and...

At $322 billion, the stablecoin market value exceeds the FX reserves of 95 nations

The combined market value of all stablecoins has hit a record high of $322 billion, dwarfing the foreign exchange reserves of 95 countries, including...

Tether Plans GELT Stablecoin Under Georgia Crypto Rules

Stablecoin issuer Tether and the government of Georgia plan to launch a stablecoin called “GELT” that would represent the Georgian lari under the country’s...

ECB Rejects Euro Stablecoin Push, Warning of Risks to Banks and Monetary Policy

The European Central Bank warned EU finance ministers on Friday that proposals to expand euro stablecoin issuance could weaken bank lending and complicate monetary...

EU Reviews Stablecoin Interest Ban in Potential MiCA Overhaul

The European Commission has opened a review of its landmark crypto regulation, signaling that the European Union is considering updates to its landmark digital...