The United States Congress has passed the groundbreaking Generative Economic Nexus for Innovation and U.S. Security (GENIUS) Act, creating the first comprehensive federal regulatory structure for dollar-backed stablecoins. The legislation mandates that all fiat-backed stablecoins maintain verifiable one-to-one asset reserves,… Read More »US Enacts GENIUS Act Establishing Federal Regulatory Framework for Stablecoins
Tether Holdings has disclosed a significant $5.7 billion profit for the first half of this year, reflecting a 9.6% increase compared to the same period last year. This strong performance is attributed primarily to consistent growth in its stablecoin operations… Read More »Tether Reports $5.7B First-Half Profit on Stablecoin Growth and Treasury Holdings
South Korea’s financial regulators have issued stark warnings about significant risks tied to cryptocurrency lending and margin trading services. Authorities specifically highlighted concerns over the high-leverage exposure inherent in these products, emphasizing potential investor vulnerabilities. Leading domestic exchanges including Upbit… Read More »South Korean Regulators Warn of Crypto Lending and Margin Trading Risks Amid Exchange Self-Regulation Push
The Bank of Korea has restructured its central bank digital currency (CBDC) research initiatives and established a new regulatory body to oversee cryptocurrency and stablecoin developments. The central bank renamed its Digital Currency Research Team to the Digital Currency Team,… Read More »Bank of Korea Restructures CBDC Efforts and Forms Virtual Asset Committee Amid Retail Test Delay
Tether’s USDT stablecoin has achieved a historic milestone, reaching a total supply of $156.1 billion. This record underscores its continued dominance within the stablecoin market despite facing regulatory scrutiny and increasing competition. The distribution of USDT supply heavily favors the… Read More »Tether’s USDT Hits Record $156.1 Billion Supply, Dominates Ethereum and Tron