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
Stablecoin is a type of cryptocurrency intended to maintain a stable value by being pegged to a reserve asset, such as a fiat currency (USD, EUR), commodities (gold, silver), or other cryptocurrencies. Unlike older cryptocurrencies such as Bitcoin and Ethereum, which have high price volatility, stablecoins offer price stability, hence
Binance, the world’s largest crypto exchange, has completed the integration of USDC on the Sui Network, enabling faster and more efficient transactions. The exchange has officially opened deposits and withdrawals for USDC on Sui. This expansion is expected to enhance liquidity, making the network more accessible. Sui’s team acknowledged the
Crypto-focused neobank Infini has suffered a $49.5 million exploit, with the attacker swapping stolen funds for Ethereum before moving them to a separate wallet. The breach follows a string of major crypto security incidents, including Bybit’s $1.4 billion hack. How the Attack Unfolded CertiK first detected the suspicious activity on
The Stablecoin market cap leapfrogged the $211 billion mark amid USDC’s positive momentum. As per the recent report by Alphractal, a data analysis platform, the stablecoin market has witnessed tremendous growth since 2023 which was driven by USDT (Tether). According to a report, the stablecoin market surged by 73% from
As the crypto market struggles to maintain its bull rally, several developments and collaborations are taking place to contribute to the overall crypto adoption. One such collaboration is the latest Binance and Circle strategic partnership. Binance CEO Richard Teng joins hands with Circle CEO Jeremy Allaire to strive toward the
A crypto whale withdrew $5 million in USDC from Binance just 12 hours ago, making waves in the market. The funds are intended for a high-stakes bet on Kamala Harris winning the U.S. presidential election. A whale withdrew 5M $USDC from #Binance to bet on #Harris winning the #USelection 12
Circle, the issuer of the stablecoin USDC, has officially signed a Memorandum of Understanding (MOU) with Hong Kong Telecom (HKT) to explore a blockchain-based customer loyalty solution customized for merchants in Hong Kong. This partnership focuses on leveraging Web3 technology to create dynamic engagement experiences between consumers and merchants. According
At the recent Token2049 event, the Sui Foundation made a significant announcement regarding the imminent support for native USDC on the Sui network. Currently, NAVI stands as the top DeFi protocol on Sui, with $120M in USDC liquidity. This constitutes the 3rd largest USDC supply in the industry, next to
