Stablecoins

Stablecoins have evolved from being a crypto niche to becoming the infrastructure layer for the next generation of global payments. The market cap of stablecoins has doubled in the past year, reaching a record $232…

After years of uncertainty surrounding stablecoin regulation in the United States, three competing bills—the GENIUS Act, the STABLE Act, and an unnamed proposal from Rep. Maxine Waters—are making progress on Capitol Hill. These bills aim…

The Securities and Exchange Commission (SEC) recently declared that stablecoins backed by cash reserves and redeemable for US dollars are not securities under federal law. This announcement provides legal clarity for stablecoin issuers, fintech firms,…

TRON founder Justin Sun is on a mission to uncover the alleged $500 million embezzlement by First Digital Trust (FDT), the issuer of the FDUSD stablecoin. In a recent statement, Sun announced a $50 million…

Japanese traditional finance giant Sumitomo Mitsui Financial Group has announced plans to launch a fiat-backed stablecoin on the Avalanche network in collaboration with US-based Ava Labs and blockchain infrastructure firm Fireblocks. The project aims to…

Coinbase CEO Brian Armstrong recently called for lawmakers to support stablecoin legislation that allows consumers to earn interest directly from their digital dollar holdings, framing it as beneficial for consumers, global financial access, and the…

Custodia Bank and Vantage Bank have made history by issuing the first US bank-backed stablecoin, Avit, on the Ethereum blockchain network. The pilot testing involved minting, transferring, and redeeming tokens using the ERC-20 standard. This…

The GENIUS Act, a proposed bill focused on regulating stablecoins, has garnered attention from Galaxy head of research Alex Thorn. Thorn believes that the Act could potentially benefit Tether, a prominent stablecoin issuer, by offering…

The importance of US dollar-backed stablecoins in the financial system and the urgent need for regulatory framework were discussed during a hearing convened by the US House Committee on Financial Services. Lawmakers and industry experts…

Europe is facing a challenge to its monetary autonomy from the US due to the Trump administration’s favorable stance towards cryptocurrencies, particularly dollar-backed stablecoins. The European Stability Mechanism (ESM) managing director Pierre Gramegna warned that…