Browsing: Stablecoin

A7A5, a Russian ruble-backed stablecoin, has become a focal point in the crypto market due to its rapid growth and controversial ties to the sanctioned Garantex exchange and its successor, Grinex.

Eight major South Korean banks are set to launch a won-pegged stablecoin by 2026, aiming to reduce the dominance of US dollar-pegged stablecoins and bolster the country’s position in the digital finance market.

The Bank for International Settlements (BIS) critiques stablecoins for failing to meet essential monetary criteria, advocating for regulatory constraints to mitigate risks.

The Bank of Korea proposes a phased approach to stablecoin issuance, prioritizing regulatory oversight and consumer protection in the evolving digital currency landscape.

Polymarket is set to reach a $1 billion valuation with a $200 million funding round led by Peter Thiel’s Founders Fund, despite regulatory challenges and a ban in the US.

A bipartisan hearing on crypto market structure legislation saw low attendance, highlighting challenges in achieving regulatory consensus for digital assets.

Turkey is set to enforce stricter regulations on cryptocurrency transactions to combat money laundering and align with global standards.

Senator Adam Schiff’s COIN Act aims to regulate public officials’ involvement in cryptocurrency, addressing ethical concerns and potential conflicts of interest.

The US Senate is set to discuss a bipartisan crypto market structure framework, following the GENIUS Act’s passage, with key industry figures testifying, as the House advances its own CLARITY Act amidst concerns over personal gains from the legislation.

Cathie Wood’s ARK Invest has sold $146M in Circle shares amid a significant stock surge, yet remains a major holder.

Michael Saylor updates his Bitcoin price forecast to $21 million by 2046, citing geopolitical and regulatory shifts as key drivers.

Aptos leads Wyoming’s stablecoin pilot program, scoring highest in blockchain evaluations for the WYST project, as the state advances in digital asset innovation.

Kraken moves its global headquarters to Wyoming, embracing the state’s crypto-friendly regulatory environment and marking a significant shift in the crypto exchange’s operational strategy.

South Korea’s youth are increasingly turning to cryptocurrency as a last resort amid economic hardships, driven more by necessity than belief in the technology.

South Korea’s central bank explores the potential of a won-pegged stablecoin amidst regulatory advancements and forex considerations.

Polymarket sets an 89% chance for the GENIUS Act, aiming to regulate US stablecoins, to become law by 2026, following Senate approval and Trump’s endorsement.

The Trump family’s company has significantly reduced its stake in World Liberty Financial, amid growing scrutiny over cryptocurrency industry ties and legislative challenges.

Visa and Yellow Card join forces to promote digital dollar usage in Africa, leveraging stablecoins for more efficient cross-border payments.

Nauru passes groundbreaking legislation to establish a cryptocurrency regulatory authority, aiming to become a digital asset leader in the Oceania region.

Coinbase and Circle shares surge as the US Senate approves the GENIUS Act, signaling a bullish future for stablecoin regulation and the broader crypto market.