Stablecoin

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Japan to Review Crypto Regulations, Potentially Easing Tax Burden

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Japan is reportedly set to review its cryptocurrency regulations, potentially reducing taxes on digital assets. The Financial Services Agency (FSA) plans to assess whether current crypto regulations under the payments act provide sufficient investor protection. The review may lead to reclassifying crypto as financial instruments under Japan’s investment law, which could enhance safeguards and bring … Read more

Canada Sets New Deadline for Crypto Platforms to Comply With Stablecoin Regulations

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The Canadian Securities Administrators (CSA) have announced an updated regulatory framework for stablecoins, also known as value-referenced crypto assets (VRCAs), with a new compliance deadline set for December 31, 2024. The updated regulations emphasize transparency and investor protection, requiring stablecoin issuers to maintain appropriate reserves with qualified custodians and to publicly disclose information about their … Read more

Tether Aids DOJ in Seizing $6M in Assets Tied to Crypto Scams

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Tether, a stablecoin issuer, said it has collaborated with the U.S. Department of Justice to seize digital assets worth $6 million stolen from victims of crypto confidence schemes. Tether has assisted law enforcement in various jurisdictions, blocking over two billion dollars in USDT and recovering millions for victims. According to the stablecoin issuer, it has … Read more

Tether Helps Dutch and US Authorities Seize $7.8M in Crypto

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Tether, the world’s largest stablecoin issuer, reportedly played a crucial role in a joint operation led by Dutch and U.S. law enforcement agencies to dismantle two cryptocurrency exchanges suspected of money laundering. The operation resulted in the seizure of €7 million ($7.8M) in crypto and the freezing of illicit wallets. Tether Works With Law Enforcement … Read more

Blackrock Joins Race to Issue New Stablecoin

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Blackrock has announced its backing of a new stablecoin, UStb, launched by Ethena Labs. Supported by Blackrock’s BUIDL fund, UStb is designed to provide a reliable alternative in the stablecoin market, leveraging investments in U.S. dollars, short-term Treasury bills, and repurchase agreements. Ethena Labs has partnered with Securitize to facilitate the launch, aiming to enhance … Read more

Paypal Rolls Out Crypto Features for Business Accounts

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Paypal has unveiled a new feature allowing U.S. merchants to buy, hold, and sell cryptocurrency from their business accounts. Although not yet available in New York, this move caters to increasing demand from businesses. Paypal has steadily ramped up its involvement in digital currencies, including the launch of Paypal USD (PYUSD) and its integration with … Read more

Curve Finance Proposal Eyes Reducing TUSD Exposure After SEC Settlement

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Curve Finance is evaluating a proposal to reduce its reliance on the stablecoin TUSD following the resolution of U.S. Securities and Exchange Commission (SEC) charges against Trusttoken Inc. and Truecoin LLC, the companies behind the dollar-pegged token. TUSD Faces Removal From Curve Finance Pegkeeper The proposal, authored by Wormhole Oracle, suggests slashing the debt ceiling … Read more

Tether’s USDT Hits Record Market Cap Of $119.14 Billion, Dominating Stablecoin Market

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Tether’s USDT has just reached an all-time high, with its market cap soaring to a staggering $119.14 billion. This milestone solidifies USDT’s position as the leading stablecoin in the cryptocurrency market, inching closer to the $120 billion mark. $USD Tether’s market cap has reached a new peak in market value, nearing $120 billion. Tether has … Read more

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