Origin of Stablecoins Stablecoins made their debut in 2014. It aims to combine the steady value of fiat currencies with the openness and flexibility of blockchain technology. The first of its kind, BitUSD, was introduced in July 2014 as a credit-backed stablecoin on the BitShares platform. Tether (USDT), which was
World Network, the blockchain platform behind the global digital identity initiative Worldcoin, has upgraded its World Chain infrastructure with support for native USDC and Circle’s Cross-Chain Transfer Protocol (CCTP). The announcement of June 11 marks a great change in how USD Coin operates in the chain, greatly enhancing the ease,
A DeFi platform on the BTC Network, Alex Protocol, has introduced a Treasury Grant Program to reimburse users impacted by the latest hack that led to more than $8 million in losses. On June 8, the platform’s announcement mentioned that the program will offer financial backing via a combination of
Circle, one of the world’s leading issuers of USDC—a stablecoin pegged to the U.S. dollar—had a significant first day as a publicly traded company. When it debuted on the New York Stock Exchange on June 5, Circle’s stock price soared to $83.23, an impressive 168% jump above its initial offering
A U.S. federal court has frozen nearly $57.65 million in USDC connected to the now-infamous LIBRA memecoin scandal, a case that’s rapidly evolving into one of 2025’s most explosive legal sagas in crypto. On-chain data by Arkham Intelligence shows that two Solana wallets—one holding $44.59 million, the other over $13
A user of Revolut, a British multinational neobank and fintech company, has claimed that he got confusing deposit instructions, and then he lost 1,500 USDC in a transfer. The claimant, Tzoni Raykov, a native of Bulgaria, first thought that he had followed the right steps while transferring USDC from an
Stablecoin’s popularity is growing by the day as the pro-crypto US government is backing the assets, praising their potential. Stablecoins have unique applications in the crypto space as they are not susceptible to the volatile nature of cryptocurrencies. The Trump presidency recognized their capability and is taking initiatives to regulate
Circle, the issuer of the second largest stablecoin, USDC has now officially entered Japan’s digital asset market. It secured a regulatory approval to roll out USDC in partnership with SBI Holdings. This decision will mark a significant shift in making USDC the first global stablecoin. This will be fully approved
The Republican-led GENIUS Act witnessed a major update amid bipartisan discussions. The US Senate Banking Committee is about to vote on this stablecoin bill on March 13. The bill was updated after the discussion between Republicans and Democrats. GOP Senator Bill Hagerty, said that he introduced an update of the
Even though the crypto market is down for the moment, its adoption is ever-growing. With the pro-crypto environment in the US, crypto regulation is also moving forward across various global countries. Recently, Thailand’s SEC announced two major stablecoins USDT and USDC as official cryptocurrencies. As per the Thailand Business News
