Ripple Labs is preparing for the most pivotal moment in its history when it finally launches its regulated stablecoin, RLUSD, pending final approval from New York’s Department of Financial Services (NYDFS). It will be able to position the coin as one of the most considerable on-shore players in the U.S. ... Read more
Coinbase users in Europe are frustrated as the exchange ends its USDC rewards program. On November 28, Coinbase, multiple recipients shared on X, announced via email that it will discontinue the yield program on December 1 for stablecoins in affected regions due to new requirements under the EU’s Markets in ... Read more
Tether, the largest stablecoin issuer, announced on November 27 that it will phase down EURT, its euro-pegged stablecoin, across all blockchains. Users can redeem their holdings until November 2025. The decision aligns with regulatory changes, particularly the EU’s Markets in Crypto-Assets Regulation (MiCA), which is changing the stablecoin market in ... Read more
Tether, a fast-growing player in the digital assets space, has announced the release of its Wallet Development Kit (WDK). This newly released open-source library for developers allows businesses to include trusted, flexible crypto wallets into their apps. WDK allows any developer or company to build its own autonomous wallet solutions ... Read more
As per the Q3-2024 financial statement of Tether Holdings Limited (BVI), the revenue report featured a net profit rate of $2.5 billion. The success has been independently audited by a global accounting firm BDO thus symbolising the stable financial position of USDT in a rapidly evolving market of digital finance. ... Read more
The U.S. Justice Department is deepening its scrutiny of Tether, a stablecoin issuer valued for its liquidity in the crypto market. According to the WSJ, this probe, led by the U.S. Attorney’s Office in Manhattan, aims to determine if third parties have used the company’s USDt token to facilitate criminal ... Read more
Cryptocurrency adoption in sub-Saharan Africa has been on an upward trend and was involved in 2.7% of the global transaction volume in the period between July 2023 to June 2024. While this is the lowest percentage of the global crypto economy, the region has seen a $7.5 billion increase in ... Read more
Chainlink Labs and Fireblocks have now partnered to offer a secure and compliant solution for banks and other financial institutions to issue and transact stablecoins. The integration of Chainlink’s tokenized asset capabilities and Fireblocks’ enterprise-grade platform provides the necessary tools for stablecoin management in the global financial markets. In Ealier ... Read more
The United States Securities and Exchange Commission (SEC) has recently issued a cautionary statement regarding the potential repayment of creditors by the now-bankrupt cryptocurrency exchange, FTX. The warning centers around FTX’s consideration of using stablecoins as a medium for returning funds to its creditors. The SEC’s concerns were made public ... Read more
The stablecoin giant Tether has stated intentions to list USDT stablecoin on the Aptos network. This new development, revealed by a leading crypto journalist Colin Wu in a recent post on X, reflects the ambitions of Tether that wishes to use advanced blockchain solutions to offer global access to digital ... Read more
