Crypto holders predicted to triple by 2026, says Lunu CEO
The current 560 million crypto holders could see a three-fold increase during the next two years, but user experience remains the biggest challenge. Go to Source
Stablecoin
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SEC Ends Investigation Into Paxos: BUSD Declared Not A Security
The SEC has officially ended its investigation into Paxos, concluding that BUSD is not a security. Back in 2022, BUSD was a major player among stablecoins, boasting a market cap of about $23 billion. However, an investigation by the SEC led Binance to delist BUSD and remove it from all trading pairs. 🚨BREAKING: 🇺🇸 SEC … Read more
SEC Withdraws Enforcement Action Against Paxos’ BUSD Stablecoin
The Securities and Exchange Commission (SEC) has decided to end its investigation into Paxos, a New York-based issuer of stablecoins, suggesting that stablecoins may not be treated as securities in most cases. This decision comes more than a year after the SEC sent Paxos a Wells Notice concerning the BUSD stablecoin, which is backed by … Read more
Terraform Labs to sell 4 companies as part of wind-down
The bankrupt Terraform Labs is looking to sell four of its companies as it winds down operations to comply with its multi-billion SEC deal. Go to Source
Opera Mini’s crypto wallet MiniPay now offers USDT and USDC
Since launching in September 2023, Opera Mini’s MiniPay app has amassed 3 million users. Go to Source
Aave protocol’s GHO stablecoin now live on Arbitrum
The deployment of the GHO stablecoin on the Ethereum layer-2 network will leverage Chainlink’s CCIP interoperability protocol. Go to Source
Aave DAO Launches GHO Stablecoin on Arbitrum Network
Aave DAO has introduced its multi-collateralized stablecoin, GHO, on the Arbitrum network. This move marks the first step in the DAO’s phased strategy for cross-chain expansion. Aave DAO Begins Cross-Chain Expansion With GHO on Arbitrum According to an announcement, Aave DAO has launched GHO on Arbitrum, utilizing the Chainlink Cross-Chain Interoperability Protocol (CCIP). Aave DAO … Read more
Paxos gains approval for Singapore stablecoin launch with DBS partnership
Paxos will partner with Southeast Asia’s largest bank, DBS, for the stablecoin launch. Go to Source
Circle becomes first licensed stablecoin issuer under MiCA
Circle’s USDC and EURC stablecoins become the first fully compliant digital fiat tokens under the Markets in Crypto-Assets rules. Go to Source
Philippines adopts Tether’s USDT for social security payments
The Social Security System is a state-run social insurance program that serves employees in the official, informal and private sectors. Go to Source