A major hurdle has been thrown in South Korea’s quest to give its digital assets regulatory oversight, as ministers are yet to agree on how to deal with stablecoins, delaying the proposed crypto legislation into next year. According to Yonhap News Agency, there have been hold-ups in the progress of
In the current crypto market volatility, a significant move is unfolding in institutional corridors. Trend Research, a private investment firm, is making major moves by buying Ethereum continuously. On-chain data depicts that Trend Research continuously borrows stablecoins, a total of $958 million in stablecoins, which is $USDT to buy ETH.
Over 125 crypto companies have come together to form a coalition that aims to safeguard stablecoin reward programs from limitations that may be imposed by the traditional banking sector. This group of companies has written a letter to Congress advocating for their freedom to provide attractive returns to clients via
YouTube has made a major move in the direction of cryptocurrency acceptance, by permitting U.S. creators to get paid via PayPal’s PYUSD stablecoin. This coupling is a big change for the service, which was upbraided for capping crypto content by shadowbanning, although it has not commented on this alleged practice
Standard Chartered has established itself as the main banking collaborator with DeCard, the newly launched credit card that allows customers to utilize stablecoins for day-to-day purchases. The partnership with DCS Card Centre is a key milestone in making digital assets accessible within traditional payment networks for mass-market consumers globally. Bridging
As a major move towards the regulation of digital assets, Canada has announced detailed regulatory actions on fiat-backed stablecoins as part of its 2025 federal budget. The relocation is based on the same regulatory step by the United States, which passed stablecoin legislation in the form of the GENIUS Act
Money has always mirrored the society that uses it, and the advent of the digital dollar has been no exception. To this point, the last few years have seen stablecoins become the backbone of digital finance, with on-chain settlement volumes exceeding $1.2 trillion per month during September alone (and their
Visa is set to incorporate four new stablecoins that work on distinct blockchain networks into its cryptocurrency expansion effort. The payment processing giant shared the intention during its latest earnings call, a key milestone in the drive for mainstream digital commerce. CEO Ryan McInerney said the firm would support two
Stablecoins aren’t just for parking crypto profits and hedging volatility anymore: they’re now yield machines powering this year’s booming DeFi landscape. With the sector exploding to a $15B market cap for yield-bearing stables, savvy farmers are stacking APYs from synthetic dollar protocols that utilize delta-neutral strategies to source yield from
Citigroup has expanded its digital asset footprint through an investment in BVNK, which reflects the rapid popularity of blockchain payment technology on Wall Street. The bank’s investing unit funded the London-based stablecoin infrastructure company, which now has a value of over $750 million from its most recent rounds of funding.
