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
U.S. officials met with banking leaders and crypto industry representatives at the White House on Thursday to revisit one of the most divisive issues in digital-asset legislation: stablecoin rewards. Lawmakers continue to debate how to regulate yield or incentive programs tied to dollar-pegged tokens under the proposed CLARITY Act. The
Stablecoins are finding a mainstream way in the Asian region at a time when cryptocurrencies are going through volatility. Stablecoins are being integrated more into the payment system in comparison to other cryptocurrencies. This is for several reasons, but the one that tops the list is price fluctuation. India continues
US Treasury Secretary Scott Bessent told lawmakers that the gap between traditional banking and crypto may shrink over time. Speaking before the Senate Banking Committee, he said banks and crypto firms could eventually offer similar financial products as digital assets become more integrated into the financial system. Bessent made the
Singapore Gulf Bank has launched a managed fiat-to-stablecoin interoperability solution, which improves connectivity between the traditional banking infrastructure and blockchain technology. The bank wants to facilitate the transfer of value between the regulated fiat system and digital assets. Analysts associated the news with the regulation of stablecoins and the adoption
Circle is doubling down on USDC as a building block of crypto finance infrastructure for businesses. Rather than promoting USDC solely as a trading stablecoin, Circle is now positioning it as digital dollar infrastructure for global payments, settlements, and treasuries. This approach is consistent with the trend observed in the
Binance has rolled out a new incentive campaign aimed at boosting stablecoin engagement, announcing a $40 million WLFI airdrop program for users who hold USD1 on the exchange. The campaign will run for four weeks and reward eligible participants through weekly WLFI token distributions. The exchange confirmed that users who
Tensions have escalated between the Trump Administration and the Coinbase exchange because the platform suddenly pulled its support for the Digital Asset Market Clarity Act, and rumors have been spreading that the Trump White House is pulling the plug on the bill. Fox Business reporter Eleanor Terrett said in a
