News with the tag "stable coin"

The crypto market is on the cusp of a major transformation as the focus shifts from Bitcoin to altcoins. As pointed out by CryptoQuant CEO Ki Young Ju, the growing investor interest in stablecoins signals the beginning of an altcoin season. Is Altcoin Season About to Begin? Experts Explain Currently...

As the crypto space rapidly evolves, Andreessen Horowitz (a16z), a leading venture capital firm, has highlighted 14 transformative trends expected to shape the blockchain and decentralized technology ecosystem by 2025. A16z On Autonomous AI Agents and Decentralized Chatbots According to VC Firm A16z...

Polygon announced Agora AUSD as the new native stablecoin for the AggLayer. This aims to solve liquidity fragmentation and interoperability issues. AUSD will help streamline cross-chain transactions and provide unified liquidity across integrated networks. AUSD, backed by VanEck and State Street, si...

State Street Corporation, a financial services and banking company, is considering the launch of a stablecoin and a deposit token in the context of applying blockchain in payment settlement. Citing an anonymous source privy to the information, the Boston-based asset manager wants to use blockchain t...

Representative Maxine Waters, leading Democrat on the Financial Services Committee, foresees an agreement with Chairman Patrick McHenry concerning stablecoin regulation. This anticipation aligns with Senators Cynthia Lummis and Kirsten Gillibrand’s introduction of bipartisan legislation aimed at reg...

In recent times, Hong Kong has been actively working to establish itself as a prominent hub for digital assets. This endeavor is marked by a series of initiatives aimed at embracing the potential of cryptocurrencies and blockchain technology. One significant aspect of this push is the licensing of c...

The Hong Kong Monetary Authority (HKMA) has taken a proactive step by introducing a regulatory sandbox tailored specifically for stablecoin issuers in Hong Kong. This initiative aims to streamline the consultation process regarding proposed regulatory requirements, providing a structured environment...

In a recent statement, Adrian Orr, the governor of the Reserve Bank of New Zealand, expressed skepticism and concern regarding the use of stablecoins as substitutes for traditional fiat currencies. Orr’s remarks were made during a session with a parliamentary committee in Wellington, where he emphas...

SBI Holdings announced it reached a partnership with stablecoin issuer Circle to circulate USDC stablecoins, establish a banking relationship and promote the use of Circle’s Web3 Services in Japan. This move from the Japanese financial conglomerate comes after the country’s government revised regula...

TerraUSD Classic, the stablecoin at the center of Terra’s implosion, will no longer be minted.