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HashKey Exchange has completed a live transaction using Hong Kong’s first regulated Hong Kong dollar-backed stablecoin, HKDAP, with YF Life, testing a payment route that the companies say could cut premium settlement from two to three business days to near…
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Citigroup CEO Jane Fraser has backed passage of the CLARITY Act while continuing to push for changes to its stablecoin reward rules, keeping the banking industry’s main concern with the crypto bill alive ahead of a Senate procedural vote expected…
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NUSD supply has fallen by about 76% from the $226 million level documented in February to $53.6 million as issuer Neutrl has suspended redemptions while assessing an undisclosed issue affecting its reserves. Neutrl said Thursday that unspecified circumstances had affected…
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Ethena has appointed FalconX as an institutional lending partner, adding an overcollateralized stablecoin credit facility to the assets backing its synthetic dollar business. Ethena said in an Aug. 14 announcement that the agreement will place stablecoins into overcollateralized lending arrangements…
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Morph has launched a non-custodial payments platform that supports USDC and USDT, charges no platform fee, and settles customer payments directly into users’ wallets. According to an Aug. 12 press release from Morph shared with crypto.news, Morph Payments is designed…
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BitGo Q2 revenue rose 79.6% to $4.33B, but the firm posted a $19M loss as digital asset marks and thinner trading margins weighed.
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Palmer Luckey and Joe Lonsdale’s nationally chartered bank has $4.6 billion in deposits, $100 million in annualized revenue, and a valuation higher than most publicly traded banks. It opened in February. Here is what that pace means for crypto banking.…
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Anchorpoint Financial has appointed HashKey Exchange as an authorized distributor for its Hong Kong dollar-backed stablecoin HKDAP, giving eligible institutions and professional investors access to minting, redemption, and fiat conversion during the token’s beta rollout. HashKey opens HKDAP access to…
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The United States and the United Kingdom have issued 10 recommendations for stablecoins, tokenized securities, and cross-border finance, although the proposals have not created enforceable rules. The Transatlantic Taskforce for Markets of the Future published the recommendations on July 14,…
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Standard Chartered-backed Anchorpoint has begun the phased rollout of its Hong Kong dollar-backed HKDAP stablecoin, opening beta access to institutional distributors and professional investors for payments, fiat conversion and tokenized asset settlement. Anchorpoint said on Wednesday that the first phase…
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SBI Digital Practice and Nodeinfra plan a Canton-based Japan-Korea payment network, starting with yen and won test tokens before regulated stablecoins.
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Russia’s central bank has proposed allowing Bitcoin, Ether and Tether’s USDT to trade on regulated exchanges as the country prepares to open its new crypto market framework to investors. The Bank of Russia said Tuesday that the three crypto assets…
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White House crypto adviser Patrick Witt says CLARITY remains a September priority as the Senate prepares for a Sept. 15 cloture vote.
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TRON processed $2.1T in USDT transfers in Q2 as stablecoin supply hit records and U.S. access widened through Bitnomial and Anchorage.
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Ripple minted 10 million RLUSD on XRPL as Santiment data showed whales adding 380 million XRP, while the token remained near $1.
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Most traders assume depegs are slow. They are not. Inside the 30 second window where arbitrage bots, liquidation cascades, and oracle lag collide to turn a minor price slip into a systemic event. The popular explanation of a stablecoin depeg…