EU’s MiCA bill set to shape global stablecoin regulations — Binance
While MiCA is seen as a net positive for stablecoin regulation, it introduces consolidation concerns, especially among small crypto firms. Go to Source
Stablecoins
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USDS and RLUSD Stablecoins See Uptick in Supply Amid Broader Stablecoin Growth
The latest data highlights that the stablecoin market currently sits at $173 billion, with two recently introduced U.S. dollar-backed stablecoins showing significant growth. The decentralized finance (defi) project Sky, previously known as Makerdao, has minted 1.11 billion USDS, adding approximately 104 million coins to its supply over the past five days. In a parallel development … Read more
Ripple announces exchange partners for RLUSD stablecoin
More regulatory-compliant stablecoins like RLUSD could benefit mainstream crypto adoption worldwide. Go to Source
World Liberty Financial Adds 100K Investors to Whitelist, Eyes $1.5B Valuation Post-Raise
On Monday, the team behind the decentralized finance (defi) project World Liberty Financial (WLF), backed by the Trump family, announced that over 100,000 accredited U.S. investors have been added to the whitelist. During the X Spaces event, WLF founders Zachary Folkman and Chase Herro shared that the project was inspired by “the vision of Donald … Read more
This Week’s Crypto Gainers and Losers: Meme Tokens Outshine Bitcoin and Ethereum
In the midst of a more optimistic crypto market, both bitcoin and ethereum have enjoyed steady growth, climbing by 3.13% and 3.61%, respectively, over the past week. Additionally, several other digital currencies experienced even more significant increases, with spx6900 (SPX) stealing the spotlight by skyrocketing 107.2%, making it the standout performer of the week. Crypto … Read more
Is Tether’s USDT stablecoin ‘noncompliant’ with EU’s MiCA regulations?
The European Securities and Markets Authority declined to disclose whether USDt is “noncompliant” but said it is working on solutions to issues in the framework. Go to Source
Trump crypto project proposes Aave link in governance proposal
The Donald Trump-backed crypto platform, World Liberty Financial, wants to run as an instance on the DeFi protocol Aave. Go to Source
VanEck launches $30M ventures fund for crypto and AI
VanEck’s new $30 million fund, VanEck Ventures, will focus on investment in fintech, crypto and AI startups building next-generation payments. Go to Source
ECB Working Paper: The Role of Stablecoins as Crypto Safe-Haven Is Questionable
A recent study part of the European Central Bank (ECB) working paper series has concluded that stablecoins are susceptible to shocks derived from U.S. monetary policy changes. Contractionary shocks make stablecoins react negatively, being even more relevant than traditional crypto shocks to stablecoins, while money market funds (MMFs) thrive. ECB Paper: Stablecoins Are Susceptible to … Read more
Tether user base hits 350M in 2024 following 24% surge
The news comes amid the company’s 10-year anniversary celebration. Go to Source