Stablecoin giant Tether has once again made headlines with a bold move to support Bitcoin adoption. On May 9, Tether purchased 4,812.2 Bitcoin worth approximately $458.7 million for Bitcoin investment firm Twenty One Capital, a strategic move ahead of the company’s planned SPAC merger with Cantor Equity Partners. The Bitcoins
Tether Gold (XAUt), a digital asset backed by physical gold, is now available for trading in Thailand through a new listing on Maxbit, a Thai-licensed crypto exchange. The announcement, made on May 13, marks a major milestone for Tether as it expands its gold-backed asset offerings into the Southeast Asian
As global governments intensify their grip on digital finance, a new breed of cryptocurrency is quietly entering the spotlight: dark stablecoins. These censorship-resistant stablecoins are becoming increasingly attractive to users seeking privacy and freedom from regulatory oversight. Ki Young Ju, CEO of CryptoQuant, sparked discussion in a May 11 post,
U.S. Treasury Secretary Scott Bessent criticized the Senate on Thursday for rejecting the GENIUS Act, a stablecoin regulation bill. The vote, split 49-48, halted progress amid mounting concerns over President Donald Trump’s ties to crypto. Bessent called the decision a “missed opportunity” for American leadership in the digital asset space.
MEXC, a leading global cryptocurrency exchange, announced that it will list World Liberty Financial USD (USD1) in the Innovation Zone on May 9, 2025 (UTC). The USD1/USDT trading pair will also open at 08:00 on May 8, 2025 (UTC), and the MEXC Convert feature will be available from 09:00 on
Stripe, a global payment solution for Web3, has revealed various features at its annual user event on May 7 in San Francisco. The major updates are the introduction of Stablecoin Financial Accounts and a new Payments Foundation Model. The Stablecoin Financial Accounts permit businesses in around 101 countries to hold
World Liberty Financial (WLFI)—a crypto initiative tied to the U.S. President Donald Trump—has just wrapped up a major governance vote. It received near-total support to test its new stablecoin, USD1, via an airdrop to current WLFI token holders. The vote ends officially on May 14, and over 2.6 billion tokens
In a significant expansion of its digital asset offerings, cryptocurrency exchange Gemini has officially listed Ripple’s RLUSD stablecoin for trading. The platform announced that users can now deposit, withdraw, and trade the dollar-backed token on the platform. This marks it as the 15th exchange to support this emerging stablecoin. Strategic
Tether, the world’s largest stablecoin issuer, is preparing to launch a new U.S.-based dollar-pegged stablecoin by the end of 2025 or early next year. CEO Paolo Ardoino broke the news during an interview at the Token2049 conference in Dubai, where he emphasised a change in company strategy toward closer regulatory
PayPal just got a significant win in the world of digital finance. On April 29, the company revealed in a regulatory filing that the U.S. Securities and Exchange Commission (SEC) has closed its investigation into its U.S. dollar-backed stablecoin, PYUSD. The agency said it doesn’t plan to take any enforcement
