Stablecoins

Switzerland’s Financial Market Supervisory Authority (FINMA) has expressed concerns about the rising money laundering risks in the crypto sector, as highlighted in its 2024 Risk Monitor report. The report noted the increasing misuse of digital…

Binance has recently launched BFUSD, a yield-bearing stablecoin designed for futures and perpetuals traders. This new stablecoin offers users an annual percentage yield (APY) of around 19.55%, allowing them to earn daily rewards by holding…

Mercado Bitcoin, the largest digital asset platform in Latin America, has announced the launch of the MBRL stablecoin on the TRON blockchain. This innovative means of payment combines the trust and stability of Brazilian fiat…

Tether has recently minted $5 billion worth of the USDT stablecoin over the past week as Bitcoin reaches record highs. This surge in USDT issuance has propelled Bitcoin’s price to nearly $90,000, reflecting growing optimism…

Tether, a popular cryptocurrency firm known for its USDT stablecoin, recently made headlines by facilitating a $45 million crude oil transaction in the Middle East. This deal, the first of its kind in the region,…

VanEck’s head of digital assets research, Matthew Sigel, recently criticized the US Treasury Department’s views on digital assets, particularly stablecoins. Sigel claimed that the department’s stance was based on outdated academic views, especially a single…

Tether Limited has reported record-breaking profits of $2.5 billion for the third quarter, bringing their year-to-date profits to a total of $7.7 billion. The firm’s strong performance was primarily driven by their gold holdings, which…

The US Treasury Department recently highlighted the potential transformative impact of tokenization and stablecoins on the Treasury market in a recent report. Tokenization, the process of representing assets digitally on a blockchain, could lead to…

Payments giant Stripe has made a significant move into the stablecoin market by acquiring Bridge for a total of $1.1 billion, more than five times its $200 million valuation. The acquisition aims to grow the…

Ripple has announced a partnership with the International Rescue Committee to explore how its upcoming RLUSD stablecoin and cross-border payment solutions can improve cash relief and fund transfers in crisis zones. The $1 million pledge…