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The stablecoin sector continues to develop. Yields have been moving in an exciting direction. Partnerships are proliferating and appear to promise a lot. While this is happening, major figures in the crypto and finance worlds (figures like Peter Thiel and Paolo Ardoino of Bitfinex and Tether) are pushing hard for something that looks a lot … Read more
Standard Chartered Bank, Animoca Brands, and HKT have formed a joint venture to pursue a stablecoin issuing license from the Hong Kong Monetary Authority. ‘Digital Assets Here to Stay’ Standard Chartered Bank (Hong Kong), Animoca Brands, and HKT recently agreed to form a joint venture to pursue a stablecoin issuing license from the Hong Kong … Read more
The acquisition of a minority stake in Juventus Football Club by Tether marks a strategic move into the sports industry which aligns with the company’s broader vision of integrating blockchain, AI, and digital assets into mainstream sectors. Tether Intends to Broaden Crypto Adoption in Sports Tether has announced its acquisition of a minority stake in … Read more
Plasma, a startup focused on developing a blockchain tailored for stablecoin transactions, has raised $20 million in a Series A funding round led by Framework Ventures, following an earlier $4 million seed round. The investment, which includes participation from notable figures such as Peter Thiel and Tether CEO Paolo Ardoino, aims to enhance Plasma’s capabilities … Read more
Metrics reveal Ripple’s newly minted stablecoin, RLUSD, has eclipsed the $100 million threshold mere weeks after its mid-December 2024 debut. RLUSD Supply Climbs to 108M As of Feb. 12, 2025, the broader stablecoin arena boasts a valuation of $224.367 billion. While RLUSD’s slice of this financial pie remains extremely modest, its trajectory shows steady momentum, … Read more
Bahrain’s central bank is developing regulations for stablecoins to reduce transaction costs and increase financial access. Making the Digital Asset Space Safer Bahrain’s central bank is drafting regulations on stablecoin issuance, the Middle Eastern country’s Finance and National Economy Minister Shaikh Salman bin Khalifa Al Khalifa recently disclosed. Once enacted, the stablecoins are expected to … Read more
The payments industry is on the verge of a seismic transformation. Recent projections from the management consultancy McKinsey & Company place the annual value of cross-border payments at $195 trillion in 2024 and expect the figure to ascend to $320 trillion by 2032. This dramatic increase will be driven by many different factors, one of … Read more
New legislation in the House and Senate seeks to regulate stablecoins, enforcing strict reserve requirements, banning tech giants from issuing them, and cracking down on offshore loopholes. New Bills in House and Senate Seek to Establish US Stablecoin Regulations The U.S. House Committee on Financial Services Democrats announced on Feb. 10 the introduction of a … Read more
Blockchain metrics firm Glassnode has released data showing that circulating stablecoin supply has skyrocketed to roughly $211.2 billion since the beginning of the year, a $17 billion increase in less than two months. The current rate of increase in the supply is roughly $541 million per day, according to the firm. Specific tokens that were … Read more
In 2025, Circle, the issuer behind the USDC stablecoin, has been making significant pushes to get the USDC token deployed across different blockchain ecosystems. The most recent and notable development has been Circle minting $250 million worth of USDC on Solana in the last few weeks. This has been part of a much more extensive … Read more