Stablecoin Issuance by Taiwan Banks Taiwanese Virtual Assets Law going to be placed into Congress by June of 2025. This legislation will enable, for the very first time ever, Taiwanese Banks. Which is to issue a product called stable coins. Stable-coins are essentially cryptocurrencies that purport to operate at a
The Tron ecosystem has been growing at an unprecedented rate since Q4 2024. To further boost its performance, its founder Justin Sun announced plans to offer zero-fee stablecoin transactions on the platform today. Additionally, the collaboration between Tron and Trump’s World Liberty Financial is also turning all the eyes towards
The Frax community has approved FIP-418, allowing BlackRock’s BUIDL token to collateralize the frxUSD stablecoin. This proposal passed unanimously after six days of voting, Frax Finance announced on Thursday. BlackRock’s BUIDL token, a tokenized money market fund, invests in U.S. Treasury bills, cash, and repurchase agreements. It ensures stability, liquidity,
As many countries, including the United States, show growing support for cryptocurrency, India’s Ministry of Finance recently discussed its views on Decentralized Finance (DeFi), highlighting both its promise and the challenges it poses. In response to a question in the Rajya Sabha, Pankaj Chaudhary, Minister of State for Finance, acknowledged
The UAE is witnessing a remarkable surge in cryptocurrency investments. According to a recent eToro survey, 37% of UAE investors plan to increase their crypto investments in 2025. Bitcoin and stablecoins, such as Tether, continue to dominate the market. From 2023 to June 2024, the UAE saw a $34 billion
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
Even though major cryptocurrencies have not recorded any significant price rises, some cryptocurrencies are performing well today. Frax Share (FXS) price witnessed a huge price hike and went to as high as $3.52 with a 680% increase in its trading volume. After a complete week of downward price movement, FXS
Tether Holdings Ltd., the world’s largest stablecoin issuer, is wrapping up 2024 with an impressive milestone: over $10 billion in net profits. CEO Paolo Ardoino shared the news in a recent interview, highlighting the growing demand for USDT. As Bitcoin and other cryptocurrencies hit record highs, USDT’s market capitalization grew
Vivek Ramaswamy, co-leader of the U.S. Department of Government Efficiency (DOGE), had his X account hacked today. The incident confused and triggered a surge in the price of the USUAL stablecoin. The account posted a false claim about a partnership between DOGE and USUAL. BREAKING: Suspicions arise as Vivek Ramaswamy's
As opposed to a weekend slumber, this mid-December the crypto market rallied significantly. It began with Bitcoin hitting a new ATH that in turn instigated several activities across the sector. Meanwhile, the regulatory sector has also spurred actions with a recent WazirX update. The Ripple stablecoin is also awaiting market
