In a recent move by BlackRock Inc., a leading asset manager, the firm has highlighted the potential risks stablecoins pose to the Bitcoin market in
Category: Stablecoin News
Verified USD Foundation Announces USDV Stablecoin Launch, Know More Here
The verified USD Foundation, a non-profit organization developing a sustainable and progressive stablecoin ecosystem, recently announced plans to launch Verified USD (USDV) stablecoin. The USDV
USDC Issuer Circle Mulling IPO IN Early 2024
Stablecoin issuer Circle is reportedly planning to go for an initial public offering (IPO) in early 2024, joining the likes of Coinbase (COIN) among core
Moody’s Report Reveals 609 Depegs in 2023 for Top Stablecoins
In a recent report by Moody’s Analytics, an unsettling pattern emerges within the cryptocurrency landscape. Throughout 2023, large-cap stablecoins, boasting a market valuation exceeding $10
Bank of England Proposes Stablecoin Retail Integration
The Bank of England and the Financial Conduct Authority have outlined a blueprint for integrating stablecoins into the UK’s financial ecosystem. This groundbreaking initiative marks a
US SEC Enforcement Division Subpoenas PayPal For PYUSD Stablecoin
PayPal Holdings, a global payments giant expanding deeper into the crypto space, has received a subpoena from the Securities and Exchange Commission (SEC) regarding its
Tether Soars with Record 85.7% Cash Reserves in Q3 Report
Tether, a stablecoin issuer, has announced a significant enhancement in its financial stability, according to its Q3 attestation report. The report reveals a record-breaking 85.7%
ECB Confirms Digital Euro CBDC, But There’s a Catch
Crypto News: Christine Lagarde, President of the European Central Bank’s (ECB) confirmed on Thursday that the digital euro project is progressing well, marking a significant
New Wallet Details Reveal Info of Alameda’s USDT Minting
Director of Coinbase Conor Grogan has shed some light on some shady operations at FTX and its sister company Alameda Research over the minting of
Dirham-backed UAE Stablecoin to Protect Investors From Inflation
While most of the new payers in the stablecoin market have been focusing on USD-pegged stablecoins, former SoftBank executive Akshay Naheta undertakes a different approach
