News with the tag "stablecoin"

Crypto Czar David Sacks praised Trump’s “One Big Beautiful Bill” for its “historic victories.” Sacks announced that the GENIUS Act for stablecoins is now “heading to the President’s desk.” He framed the upcoming crypto legislation as the next major win for the Trump administration White House AI and...

Rostec announced that it will promote this stablecoin and an associated payment platform as a secure method for conducting transactions, approved by the Russian Central Bank. The payment system will integrate with the Russian banking infrastructure, while the stablecoin will be launched on the Tron ...

China’s JD.com and Ant Group are pressing the central bank to permit yuan-based stablecoins to counter the rise of U.S. dollar-linked digital currencies, Reuters reported on Friday . They propose launching stablecoins in Hong Kong backed by the offshore yuan, aiming to boost the Chinese currency's g...

Chinese tech giants are urging the central bank to grant them permission to issue yuan-backed stablecoins in a bid to challenge the growing dominance of dollar-based stablecoins. Countering Dollarization of the Digital Economy Chinese tech giants JD.com and Ant Group are reportedly urging the centra...

Chinese tech giants JD[dot]com and Alibaba affiliate Ant Group are pressuring the People’s Bank of China to authorize yuan-based stablecoins. The companies are proposing to launch an offshore yuan in Hong Kong to counter the U.S. dollar’s dominance in digital payments and accelerate the yuan’s inter...

Executive Director of the President’s Council of Advisers on Digital Assets, Bo Hines, predicts the digital asset industry will see a $15 to $20t surge in value following the GENIUS Act’s legalization. In a recent interview , the Executive Director of President Trump’s Advisor Council on Digital Ass...

Analysts say that Hong Kong could gain the upper hand in its expansion into a global crypto hub in the wake of Singapore’s regulatory crackdown on unlicensed firms in the region. A recent report by the South China Morning Post revealed that the special administrative region’s web3 industry could see...

The U.S. House has announced July 14 will mark the beginning of a “Crypto Week” to advance key legislation on digital assets. The U.S. House of Representatives has officially designated the week of July 14 as “Crypto Week,” during which lawmakers will vote on three major pieces of digital asset legi...

Could this be China’s comeback in the crypto space after its ban a few years ago?

BitcoinWorld Tether USDT: Massive 1 Billion Minting Sparks Crucial Market Shift The cryptocurrency world is abuzz once again, this time with a significant development reported by the vigilant eyes of Whale Alert. A staggering 1 billion Tether USDT has been minted at the Tether Treasury. This isn’t j...