Nomura and GMO Collaborate on Japanese Stablecoin Issuance

Nomura Holdings, a leading global financial services group, has partnered with Laser Digital, its subsidiary focused on digital asset solutions, and GMO Internet Group, a prominent Japanese technology company renowned for its internet infrastructure, online advertising, and fintech services. The collaboration aims to explore the issuance of stablecoins denominated in JPY and USD in Japan. … Read more

Stablecoin Wallets On The Rise Amid Market Uncertainty

Amid concerns of another potential crypto market retrace, there is a comforting trend: the number of non-empty stablecoin wallets is on the rise. In 2024 alone, USDCoin (USDC) non-empty wallets have grown by 13.9%, while Tether (USDT) wallets have seen a 15.7% increase. šŸ’ø Concerned about another #crypto market retrace? You may be comforted by … Read more

Hex Trust to Launch USDX Stablecoin on Flare, Offering Real-World Yield

On May 21, 2024, Hex Trust Group announced the introduction of a native stablecoin, USDX, for the Flare network. Hex Trust also revealed that a Clearpool vault, enabling holders to earn a real-world yield, will debut alongside USDX. Hex Trust’s USDX Stablecoin and Clearpool Vault Aim to Enhance Flare’s Defi Ecosystem Founded in 2018, the … Read more

USDC Stablecoin Issuer Considers Moving Legal Home From Ireland to US

Circle, a stablecoin issuer based in the Republic of Ireland, has reportedly announced plans to relocate its legal domicile to the United States. The decision is believed to be a response to the Organization for Economic Cooperation and Development’s (OECD) proposal for a minimum tax of 15% on the profits of larger multinational corporations. Republic … Read more

Tether CEO and Ripple CEO Clash Over USDT — Brad Garlinghouse Says ā€˜I Wasn’t Attacking Tether’

Tether CEO Paolo Ardoino has responded to remarks made by Ripple CEO Brad Garlinghouse, branding him as an ā€œuninformed CEOā€ and accusing him of fostering uncertainty about stablecoin USDT amid a U.S. Securities and Exchange Commission (SEC) investigation into his company. In reply, Garlinghouse clarified that his comments were not an attack on Tether but … Read more

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