Stablecoin Latest News

Latest Stablecoin News

Visa vs. stablecoins: are they really competing?

Is Visa’s report on stablecoins an objective analysis, and who is behind the majority of transactions if not real users? Stablecoins, crypto’s promise for stability and utility, are facing a stark challenge: their actual use. A recent study by Visa…

1 day ago

New stablecoins law proposed in US — but what are the pros and cons?

Elements of the Payment Stablecoin Act have the potential to be beneficial for American consumers — but critics claim other parts are “unconstitutional.” Republican Cynthia Lummis and Democrat Kirsten Gillibrand have become something of a bipartisan, pro-crypto double act in…

2 days ago

Tens of billions in stablecoin transactions ‘inorganic,’ Visa says

International payment giant Visa has unveiled a new study challenging the assumption that stablecoin turnover is approaching levels seen in traditional payment networks. Visa, a global payment network, has raised concerns about the reliability of stablecoin transactions, opposing the common…

3 days ago

Aave community to review small-cap stablecoins on Aave V2

The Aave community is set to vote on a new proposal to remove stablecoins like USDP and GUSD from Aave V2. The Aave community is gearing up to vote on a proposal by ChaosLabs, which suggests deprecating multiple small-cap stablecoins,…

6 days ago

Tether bags record $4.5b profit in Q1

USDT issuer Tether set a new record after making $4.5 billion in net profits during the first quarter of 2024.

1 week ago

Bitwise CIO: U.S. stablecoin bill may trump Bitcoin ETF impact

Bitwise CIO Matt Hougan said that the U.S. adopting comprehensive stablecoin legislature could signal the long-awaited “mainstreaming of crypto.”

1 week ago

Stripe reintroduces crypto payments via USDC stablecoin

At the company's Global Internet Economy conference on Thursday, Stripe revealed its decision to reintroduce support for crypto payments.

2 weeks ago

What is Britcoin?

A digital pound has been touted as a cheaper, faster, and more modern way of making payments — but not everyone’s in love with the idea. The U.K. recently doubled down on its pledge to become a “global hub” for…

2 weeks ago

S&P: Stablecoin bill could improve U.S. participation, challenge Tether dominance

According to an S&P report, a bipartisan stablecoin bill may give banks an advantage over other institutions and incentivize competition in the digital asset custody business.

2 weeks ago

BRICS weighs in on using stablecoins in settlements, Russian official says

BRICS members explore stablecoin payments and a platform to conduct CBDC payments, aiming to enhance financial cooperation, a Russian official says. Stablecoins might become a tool for international settlements among BRICS members, as the alliance has already set up a…

April 22, 2024 at 9:54 am

Coin Center says Senate-presented stablecoin bill poses risks to innovation and free speech

Coin Center says the recently proposed stablecoin bill from Senators Cynthia Lummis and Kirsten Gillibrand may be “unconstitutional” due to its ban on algorithmic payment stablecoins. Coin Center, a non-profit advocating crypto organization, said in a recent blog statement that…

April 22, 2024 at 8:53 am

US senators reveal new stablecoin bill

U.S. Senators Kirsten Gillibrand and Cynthia Lummis introduced a bill to regulate stablecoins.

April 17, 2024 at 5:51 pm

Binance Launchpool makes a critical error in FDUSD circulating supply

In a recent development, Binance's OMNI Launchpool reported deposits of FDUSD stablecoin that significantly surpassed its official total circulation.

April 15, 2024 at 8:24 pm

UK to implement new crypto, stablecoin legislation by Q3

The British government plans to introduce new regulations for stablecoins and other crypto services, such as staking, exchange, and custody, by mid-year.

April 15, 2024 at 4:47 pm

FDUSD stablecoin expands to Sui blockchain, hits $3b market cap

First Digital Trust's stablecoin, FDUSD, is expanding to the Sui network after previous expansions to Ethereum and BNB Chain.

April 10, 2024 at 2:44 pm