Kraken to Delist USDT and Stablecoins in Europe Kraken will remove Tether’s USDT and four other stablecoins from its European market to comply with the upcoming Markets in Crypto-Assets (MiCA) regulations. The delisting will happen in stages, with complete removal set for March 31, 2025. Along with USDT, the affected
To talk about the future of digital payments, senior executives from the crypto and regulatory sectors convened at the Blockchain Expert conference in Tel Aviv. Experts at the event said that “all payments worldwide will be instantaneous in just a few years.” Stablecoins Lead Blockchain Transfers “Most transactions processed by Fireblocks,
With the help of the Markets in Crypto-Assets Regulation (MiCA), euro-backed stablecoins became a major force in the expansion of the European cryptocurrency sector in 2024. After gaining interest from regional institutional investors and liquidity providers, these coins set a new monthly volume record. In November, the volume of euro-backed
The U.S. Financial Services Oversight Council has issued a stark warning in its 2024 annual report. Which is emphasizing the potential risks that stablecoins pose to the financial system’s stability. FSOC Warns of Stablecoin Risks The FSOC’s report, published on December 6. Which highlighted that stablecoins remain “acutely vulnerable to
Stablecoins, which have a present market valuation of less than $200 billion, are a negligible part of the world’s monetary transactions, accounting for less than one percent of the US currency supply and FX operations. Nevertheless, according to a report that was co-authored by Standard Chartered and Zodia Markets, there
With a total supply of almost $176.2 billion, stablecoins are at an all-time high. Token Terminal data shows that stablecoin supply has been rising again after a dip in the middle of 2022 and the beginning of 2023. When it probably reflected wider market retracements during the crypto winter. There
Dutch fintech company Quantoz Payments has launched two MiCA-compliant stablecoins, USDQ and EURQ, with backing from Tether, Kraken, and Fabric Ventures. The tokens pegged to the U.S. dollar and euro, aim to provide a regulated and secure option for digital payments across Europe. These stablecoins will debut on November 18
Cryptocurrency exchange Coinbase Global Inc. has announced plans to delist stablecoins that do not comply with the new requirements across the European Economic Area (EEA) by the end of this year. The European Union’s Markets in Crypto-Assets (MiCA) regulation moves toward full implementation by the end of 2024. Coinbase plans
Binance, the global blockchain ecosystem that powers the world’s biggest cryptocurrency exchange by trading volume and users, has announced the launch of Binance Fixed Rate Loans. With over-collateralization for further security, this new offering enables users to safely borrow and lend stablecoins with customizable fixed interest rates for a selected duration. In
In H1 2024, the stablecoin sector witnessed 24.3% growth in market cap according to CMC data. It also dominated the DeFi sector and is stated to be a fast emerging digital asset. Popular stablecoins such as USDT and USDC showed substantial growth in users apart from increases in market cap.
