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,
Singapore-based StraitsX announced a sharp increase in the growth of its stablecoin card program, indicating a rise in the adoption of Southeast Asia’s digital payments ecosystem. The StraitsX stablecoin card program experienced a fortyfold increase in transaction volume from the fourth quarter of 2024 to the 2025 periods. The StraitsX
Ripple CEO Brad Garlinghouse has called stablecoins a “ChatGPT moment” for the cryptocurrency space during a recent discussion. While offering his insights to FOX Business, he also explained that stablecoins could unlock widespread adoption for cryptocurrency. This is by simplifying access to blockchain-based financial systems for both institutions and consumers
Coinbase rejected the CLARITY Act draft due to its potential to limit innovation in the stablecoin and digital asset space. The company was concerned about the way the draft legislation treats yield-generating stablecoin products that exist across platforms. The officials claimed that the current draft lacks clear guidelines for activities
Circle gave feedback on the European Union’s Market Integration Package, with a focus on enhancing the clarity of regulations in the digital asset space. The company emphasized the need for unified regulations that bring together supervision, licensing, and operational regulations Officials emphasized that a unified framework could help simplify compliance
The Securities Exchange Commission and Commodity Futures Trading Commission issued guidelines that identified various digital assets under federal regulatory laws. The guidelines identified various crypto tokens, such as digital commodities, collectibles, tools, stablecoins, and digital securities. This guidance clarified that the Securities and Exchange Commission regulates digital securities and tokenized
Tether has frozen approximately $4.2 billion worth of its USDT stablecoin over links to illicit activity, the company confirmed. The El Salvador-based issuer said it carried out most of these freezes in the past three years as global enforcement efforts intensified. The stablecoin giant, which now has more than $180
Tether has observed another fall in the market capitalization of its major stablecoin, Tether, for the second consecutive month. It is noted that the market capitalization of USDT reduced from above $186 billion in January to close to $183 billion in February. This reduction is one of the most prominent
Hong Kong-based stablecoin payments firm RedotPay is reportedly preparing for a potential US initial public offering that could raise more than $1 billion. Sources familiar with the matter told Bloomberg that the listing could value the company at over $4 billion. RedotPay is working with JPMorgan Chase, Goldman Sachs, and
Stablecoins are many things – non-volatile tokens; hedging instruments; payment solutions – but at their core, they’re a bridge between crypto and fiat. Pegged to fiat currencies (usually the US dollar), they are a reminder that no matter how far blockchain comes, it remains umbilically linked to the traditional financial
