Stablecoins and crypto are threatening fiat money dominance in Eastern Asia
Hong Kong emerged as the fastest-growing Eastern Asian country in terms of global crypto adoption, with 40% of the region’s value received in stablecoins. Go to Source
Stablecoins
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Stablecoin Market Adds $1B in Six Days as Major Tokens Expand
In the past month, the stablecoin market has kept its upward momentum, with four out of the top five U.S. dollar-pegged tokens increasing in supply. Since Sept. 15, the stablecoin economy has expanded by $1.04 billion, all within just six days. Tether, USDC See Supply Boosts as Stablecoin Market Grows by $1B in Less Than … Read more
Tether’s transparency and business structure raises $118B FTX-like concerns
Tether’s market share surpassed 75% of the entire stablecoin market, fueling concerns over the stablecoin giant’s influencer over the crypto industry. Go to Source
Harvard students launch ‘New Bretton Woods Project’ to fix debt crisis
According to veteran trader Peter Brandt, the United States dollar has lost over 90% of its value since the 1950s due to inflation. Go to Source
South Korea, Hong Kong Lead Crypto Market Growth in East Asia
East Asia’s cryptocurrency market is experiencing significant growth, driven by institutional adoption in South Korea and Hong Kong, according to a report by blockchain analytics firm Chainalysis. South Korea leads with $130 billion in on-chain value, while Hong Kong emerges as a major hub due to its unique regulatory framework. Both regions reflect shifting attitudes … Read more
Lawmaker Flags Concerns Over SEC’s Crypto Approach
Congressman French Hill has raised concerns over the U.S. Securities and Exchange Commission (SEC)’s handling of digital asset regulations, criticizing Chairman Gary Gensler’s leadership for creating legal uncertainty and a politicized approach. The lawmaker highlighted his subcommittee’s legislative successes but expressed frustration with the SEC’s broad and unclear regulations, which he argued burden digital asset … Read more
Chainlink’s Sergey Nazarov predicts asset tokenization will transform Web3
Trillions of dollars will flow into Web3 once the details of the Internet of Contracts are worked out. Go to Source
BNB Chain introduces gasless stablecoin payments initiative
BNB Chain partners with major CEXs and wallets to introduce gasless stablecoin transfers, enhancing cross-chain liquidity. Go to Source
MoneyGram and Stellar join CEX.io for global crypto cash conversions
CEX.io’s collaboration with MoneyGram and Stellar offers users expanded cash-in and cash-out options through USDC conversion. Go to Source
Trump’s World Liberty Financial Crypto Venture Reveals WLFI Token Structure
Former U.S. President Donald Trump has led the launch of World Liberty Financial, a new cryptocurrency venture, raising concerns about potential conflicts of interest. The project, featuring the WLFI token, allocates 20% to the founding team, including the Trump family, and 63% for public sale. Despite heavy promotion, its purpose remains unclear. A leaked draft … Read more