News with the tag "Stablecoin News"

Barely a week after hinting at launching an algorithmic USD stablecoin, Sonic Labs is shuttering its plans. Sonic Labs co-founder Andre Cronje revealed that incoming stablecoin regulation in the US contributes to the change of stance. Sonic Labs Makes U-Turn Over Algorithmic USD Stablecoin In mid-Ma...

The European Central Bank (ECB) is advancing its plans for a digital euro to counter the growing presence of foreign-currency stablecoins and reduce dependence on U.S. payment firms. ECB Chief Economist Philip Lane emphasized the need for Europe to maintain control over its financial system amid inc...

Thailand’s Securities and Exchange Commission (SEC) has given the nod to Tether’s USDT to operate in the country. The move will see USDT granted legal approval in the Southeast Asian country as it seeks global regulatory compliance. USDT Approved As Cryptocurrency In Thailand Thailand’s securities w...

There are signs of growing optimism in the market as the stablecoin reserve on the Binance exchange has jumped to a new all-time high (ATH). According to CryptoQuant analyst Darkfrost, this increase in the Binance stablecoin reserve marks a good omen for a positive market rebound. With volatility sw...

Bank of America (BoA) has thrown its hat in the ring to become a stablecoin issuer but the company is holding its reins till certain conditions are met. The financial institution wants the govenment to formally approve stablecoins as a legal asset before it wades in. Bank of America Eyes Stablecoin ...

Bank of America (BoA) has thrown its hat in the ring to become a stablecoin issuer but the company is holding its reins till certain conditions are met. The financial institution wants the govenment to formally approve stablecoins as a legal asset before it wades in. Bank of America Eyes Stablecoin ...

Bank of America (BofA), the second largest bank in the United States, has hinted at plans to roll out its USD-backed stablecoin. Brian Moynihan, the CEO of BofA, made the disclosure in an interview with David Rubenstein at the Economic Club of Washington D.C. During the interview, Moynihan emphasize...

PayPal Holdings announced that it would integrate its PYUSD stablecoin into more products this year in 2025, challenging the likes of dominant players like Tether (USDT) in the sector. for this, the payments giant will leverage its existing global network of 20 million merchants which can give an in...

Long-term holders face losses as Cardano price crashes by 10% amid market crypto market sell-off. The market experiences sharp declines, triggering ADA’s downturn. Investors witness consolidation following bearish momentum. Cardano’s decline follows the broader trend, raising concerns about future m...

After winning approvals in the European Union (EU) and Canada, Circle’s USDC and EURC have received recognition from the Dubai Financial Services Authority (DFSA). Under the approval, the stablecoins will see mainstream application by firms in the Dubai International Financial Center (DIFC). A Regul...