Tag: Stablecoins

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Whale Swaps $50 Million in Stablecoins for Just $36,000 of AAVE

The massive transaction routed through CowSwap on Ethereum resulted in a 99.9% loss.The decentralized finance (DeFi) community is buzzing after an unidentified wallet swapped...

Tether Backs Ark Labs in $5.2M Round to Expand Stablecoins on Bitcoin

Tether’s investment arm has invested in Ark Labs, the developer of the programmable Bitcoin infrastructure Arkade, as part of a $5.2 million funding round...

Tether Backs Ark Labs to Bring Stablecoins Back to Bitcoin

The strategic investment is the latest in a string of Bitcoin infrastructure bets by the stablecoin giant.USDT issuer Tether has made a strategic investment...

Tether aims to bring stablecoins and payments to Bitcoin with investment in Ark Labs

Tether, the crypto firm behind the most popular stablecoin USDT, said Thursday it has invested in Ark Labs to bring programmable payments to the...

Is Coinbase Sabotaging Bitcoin De Minimis Tax Exemption In Favor Of Stablecoins?

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure A new controversy has emerged within the cryptocurrency community, particularly on “crypto...

FDIC Chair Says no Deposit Insurance for Stablecoins under GENIUS Act

Travis Hill, chair of the US Federal Deposit Insurance Corporation (FDIC), confirmed that, in his opinion, a law passed in July would not give...

Stablecoins won’t get any kind of deposit insurance under GENIUS rules, says FDIC chief

Stablecoin users won't benefit from any government guarantee of their money when the new U.S. law is implemented to govern these tokens, said Federal...

Bankers rage against stablecoins with Clarity Act hamstrung ahead of US midterms – DL News

ABA members slam stablecoins, framing them as a potential threat to the economy.The volley comes as the Clarity Act remains hamstrung over core disagreements.But...

Stablecoins are starting to reshape payments and banking, Macquarie says

Stablecoins are evolving from a niche crypto trading tool into a potential layer of global financial infrastructure, according to Australian investment bank Macquarie.While most...

South Korean Authorities Exclude Stablecoins From Corporate Crypto Investments – Details

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure South Korean authorities are reportedly moving to exclude stablecoins from an incoming...

UK Lords Press Coinbase on Stablecoins, KYC and Bank‑Run Risks

The United Kingdom House of Lords grilled Coinbase’s top international policy executive on Wednesday over whether stablecoins would drain bank deposits and add new...

Trump crypto adviser rebuts Jamie Dimon’s call to treat yield stablecoins like banks

The White House’s crypto adviser pushed back on JPMorgan CEO Jamie Dimon’s assertion that stablecoin issuers who pay interest should be regulated like banks.Stablecoins...