Results for "stablecoin"

Hong Kong unveils digital asset policy 2.0 to boost stablecoin use, RWA tokenization, and regulation
Hong Kong is stepping up its digital asset push with a new policy roadmap designed to scale innovation, regulation, and adoption. On June 26, the Hong Kong government issued Policy Statement 2.0 on the Development of Digital Assets, outlining the…

Resupply stablecoin protocol exploited for $9.5M via token price manipulation
An attacker manipulated token prices to distort exchange rates and drain about $9.5 million from decentralized stablecoin protocol Resupply. The exploit was first flagged on June 25 by security platform BlockSec Phalcon, which detected a suspicious transaction leading to a…


Trump-backed World Liberty Financial plans USD1 stablecoin audit and new app launch
World Liberty Financial, the Trump-affiliated crypto firm behind the USD1 stablecoin, is preparing to release its first audit and launch a mobile app aimed at retail users. The update was shared by WLF co-founder Zak Folkman on June 25 in…


IMF Deputy Managing Director highlights issues in the global stablecoin race
Deputy Managing Director at the IMF Bo Li sees two unresolved issues in the global fight over stablecoin dominance, specifically in the way stablecoins are classified. During his panel speech at the World Economic Forum’s Summer Davos meeting as reported…

Russian ruble-backed stablecoin A7A5 moves $9.3B in four months: report
Russia’s efforts to build alternative payment systems outside Western financial rails may be gaining traction through a new ruble-pegged crypto asset. Per a June 25 report by the Financial Times, a stablecoin with ties to Russia has quietly processed over…

South Korea’s top banks unite for Won-pegged stablecoin launch: report
Interest in a won-linked stablecoin is growing in South Korea, and the country’s largest commercial banks are joining forces to issue one through a joint initiative. According to a June 25 report from local media Economic Review, eight of South…


HKMA lists stablecoin issuer license requirements for applicants interested in launching HKD-backed assets
Hong Kong Monetary Authority lists a few ‘benchmark qualification’ for firms planning to launch their own HKD-pegged stablecoins. The requirements would serve as the entry threshold According to a report by news outlet Hexun, Hong Kong Monetary Authority Chief Executive,…

China faces FOMO as dollar-pegged stablecoins expand rapidly
As Washington rolls out stablecoin rules, voices in Beijing are warning it’s time to catch up, or risk being left behind. Beijing might finally be warming up to stablecoins, but not without hesitation. In a sign that China may be…

Fortune 500 firm Fiserv to launch stablecoin on Solana
Fiserv, a Fortune 500 company listed on the New York Stock Exchange, plans to launch a bank-friendly stablecoin that it says will go live on Solana in the coming months. In an announcement, Fiserv said the stablecoin will leverage the…



Polygon price slowly forms a bullish pattern as stablecoin growth surges
Polygon price continued its downward trend on Monday, June 23, dropping to its lowest level since April 9. Polygon (POL) plunged to a low of $0.1732, mirroring the broader sell-off in altcoins. The token is now down more than 77%…


Hong Kong to start issuing stablecoin licenses, with Ant Group and JD.com already in line
Hong Kong to start issuing first stablecoin licenses within months, with companies like Ant Group and JD.com already in line. In a recent interview with China Daily, Hong Kong Financial Secretary Paul Chan Mo-po revealed that regulators have received “a…

Wyoming’s WYST stablecoin set to launch on August 20 at Blockchain Symposium
Wyoming’s first-of-its-kind state-issued stablecoin WYST will officially launch on August 20, with the state confirming plans to debut the token at the Wyoming Blockchain Symposium in Jackson, WY. The new timeline was announced by the Wyoming Stable Token Commission after…


Solana, Aptos tie for top spot in Wyoming’s hunt for WYST stablecoin partner
Wyoming’s Stable Token Commission has placed Aptos and Solana at the forefront of its stablecoin initiative. One blockchain failed to meet requirements, sharpening focus on the two finalists. After narrowing down an initial list of 11 candidates in April, Wyoming’s…


Russia’s crypto exchange Garantex moves millions despite stablecoin ban, blockchain data shows
Sanctioned crypto exchange Garantex might have lost $26 million in frozen Tether, but another $15 million in crypto is still moving, or at least quietly sitting. Weeks after the United States led a high-profile freeze of $26 million in Tether…


China’s Ant Group denies rumors about an RWA and stablecoin joint venture
Ant Group denies rumors of a collaboration between Ant Financial Technology and publicly-listed Chinese company Hainan Huatie involving partnerships in RWA and stablecoins. In an official statement shared on the social platform WeChat, the fintech arm of Alibaba addressed rumors…

Animoca Brands hopes to snag stablecoin issuer license through joint venture with Standard Chartered and Telecom
Hong Kong-based Animoca Brands aims to one day obtain a stablecoin issuing license through its joint venture with Standard Chartered Bank and Hong Kong Telecom. The move comes ahead of the region’s Stablecoin Ordinance legalization. In an exclusive interview with…

Alchemy Pay to launch stablecoin-focused blockchain in Q4 2025
Alchemy Pay has unveiled plans to launch a new blockchain purpose-built for stablecoin payments. According to a June 19 announcement from Alchemy Pay (ACH), the company plans to launch Alchemy Chain, a blockchain purpose-built for stablecoin payments, in the fourth…




SEI price surges as Wyoming selects Sei Network for WYST stablecoin
Sei price has spiked more than 13% in the past 24 hours amid news that the Wyoming Stable Token Commission has selected Sei “as a candidate blockchain” for the state’s upcoming stablecoin. On June 19, as top coins led by…
