Results for "stablecoin"

Shares of Kakaopay dropped sharply after volatile trading as regulators warn of risks tied to widespread stablecoin adoption. Shares of South Korean digital payments firm Kakaopay tumbled as much as 17% on June 27 after trading resumed Thursday, following a…

Galaxy Digital raised $175 million to invest in crypto startups, mostly focusing on stablecoins and DeFi.

Digital asset firm Taurus SA has officially deployed its first private stablecoin contract. The contract is build on the Aztec network, combining zero-knowledge proofs and compliance. According to a press release sent to crypto.news, what sets the token apart from…

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…

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…

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…

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…

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…

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…

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,…

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…

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 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 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 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…

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…

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…

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…