Revolut is set to phase out USDT support for eligible European clients in line with the European Union’s MiCA regulations. Revolut has informed affected users via email that it will gradually stop supporting USDT in the coming months. Users can keep purchasing USDT until July 6, after which Revolut will
A major USDT supply squeeze has hit India’s USDT market, sending the price premiums of the stablecoin past its usual trading band. As per a report from The Economic Times, USDT was sold at around 102.88 INR on Saturday, whereas the USD/INR foreign exchange ratio stood at 94.65 on Friday.
Ripple is officially bringing out RLUSD into the Japanese market, which becomes an important milestone for its future international growth. By doing this, the company will make significant progress in its operations in one of the most technologically sophisticated digital assets markets worldwide. Now, after obtaining approval from Japan’s Financial
The Bank of England announced the final framework for regulating stablecoins and drafted new regulations following extensive consultation with the industry. The new framework is less stringent than previous iterations as per industry concerns about limiting growth in the UK’s nascent stablecoin market. Proposed holding limits that would have prevented
Tether revealed its plans to cease support for its derivative gold stablecoin aUSDT after the organization decided to change its product strategy. The organization released the stablecoin in 2024 through Alloy by Tether. Itsa platform created to tokenize digital assets using tokenized collateral. In this case, users were able to
UFC Freedom 250 gained a lot of media coverage as the event took place at the South Lawn of the White House premises. Several high-profile fights were scheduled at UFC Freedom 250, which garnered attention from sports enthusiasts as well as from cryptocurrency investors. While fights were taking place in
Proof of significant global adoption is the +673% rise in stablecoin active addresses in the last five years. Nevertheless, the analysts at JPMorgan are challenging the notion that an increase in consumption would always lead to a rise in market capitalization. According to JPMorgan’s estimations, stablecoin transactions have reached an accelerated
As part of its crypto strategy, which also include its digital asset network and US dollar stable card, financial services behemoth Western Union is aiming to launch its new stablecoin in May. Western Union president and CEO Devin McGranahan stated: “Over the last few months, we’ve crossed an important threshold.
A System Built for the 1970s, Used in 2026 For all the innovation in financial technology over the past decade, the global payments system still runs—at its core—on infrastructure designed in the 1970s. International transfers continue to rely on correspondent banking networks, fragmented clearing systems, and delayed settlement cycles. The
The Hong Kong government has not issued any HKD stablecoin licenses, despite earlier commitments to begin the approval process in March this year. The HKMA is still reviewing the applications and has not announced any approvals. Also, stretching the deadline beyond the earlier stated timeframe by the officials. The officials,
