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dogwifhat
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Results for "stablecoin"

South Korean payments firm Kakaopay tumbles 17% as regulators sound alarm on stablecoins
News

South Korean payments firm Kakaopay tumbles 17% as regulators sound alarm on stablecoins

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…

Jun 27, 2025 at 12:08 PM UTC
Galaxy Digital raises $175m for stablecoin and DeFi venture fund
News

Galaxy Digital raises $175m for stablecoin and DeFi venture fund

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

Jun 26, 2025 at 1:03 PM UTC
Taurus launches the first private stablecoin contract
News

Taurus launches the first private stablecoin contract

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…

USDC USDC
Jun 26, 2025 at 12:13 PM UTC
Hong Kong unveils digital asset policy 2.0 to boost stablecoin use, RWA tokenization, and regulation
News

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…

Jun 26, 2025 at 10:36 AM UTC
Resupply stablecoin protocol exploited for $9.5M via token price manipulation
News

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…

Curve DAO CRV
Jun 26, 2025 at 10:12 AM UTC
Trump-backed World Liberty Financial plans USD1 stablecoin audit and new app launch
News

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…

Ethereum ETH BNB BNB TRON TRX
Jun 26, 2025 at 4:10 AM UTC
IMF Deputy Managing Director highlights issues in the global stablecoin race
News

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…

Jun 25, 2025 at 12:53 PM UTC
Russian ruble-backed stablecoin A7A5 moves $9.3B in four months: report
News

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…

Jun 25, 2025 at 10:27 AM UTC
South Korea’s top banks unite for Won-pegged stablecoin launch: report
News

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…

Tether USDT
Jun 25, 2025 at 7:31 AM UTC
HKMA lists stablecoin issuer license requirements for applicants interested in launching HKD-backed assets
News

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,…

Jun 25, 2025 at 7:30 AM UTC
China faces FOMO as dollar-pegged stablecoins expand rapidly
Follow-up

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…

Jun 24, 2025 at 5:47 PM UTC
Fortune 500 firm Fiserv to launch stablecoin on Solana
News

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…

Solana SOL USDC USDC Tether USDT
Jun 23, 2025 at 4:23 PM UTC
Polygon price slowly forms a bullish pattern as stablecoin growth surges
Markets

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%…

Polygon MATIC
Jun 23, 2025 at 1:58 PM UTC
Hong Kong to start issuing stablecoin licenses, with Ant Group and JD.com already in line
News

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…

Jun 23, 2025 at 10:08 AM UTC
Wyoming’s WYST stablecoin set to launch on August 20 at Blockchain Symposium
News

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…

Aptos APT
Jun 23, 2025 at 8:49 AM UTC
Solana, Aptos tie for top spot in Wyoming’s hunt for WYST stablecoin partner
News

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…

Aptos APT Solana SOL
Jun 20, 2025 at 6:22 PM UTC
Russia’s crypto exchange Garantex moves millions despite stablecoin ban, blockchain data shows
Feature

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…

Bitcoin BTC Ethereum ETH TRON TRX
Jun 20, 2025 at 11:50 AM UTC
China’s Ant Group denies rumors about an RWA and stablecoin joint venture
News

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…

Jun 20, 2025 at 9:20 AM UTC