Stablecoin

Highlights: Nigeria’s first compliant stablecoin, cNGN, launched on licensed digital asset exchanges. The stablecoin is pegged 1:1 to the naira and operates across multiple blockchain networks. cNGN aims to improve cross-border payments and digital transactions in Nigeria’s financial sector. Nigeria […]

Highlights: Tether’s net profits topped $13 billion last year, boosting its total equity to over $20 billion. The company’s US Treasury holdings reached a record $113 billion, strengthening its liquidity. Tether’s Bitcoin investments contributed to its growing asset portfolio and […]

Highlights: Ethereum Foundation has sold another 100 ETH tokens for 307,893 DAI. The recent selloffs come a few days after the organization has sold 100 ETH for $336,475. Ethereum’s price decline possibility is making rounds following the consistent dumpings. Renowned […]

Highlights: ECB proposes a digital euro to counter the rise of dollar-backed stablecoins. Trump’s executive order prohibits the Federal Reserve from issuing a CBDC. European banks fear losing deposits due to ECB-backed digital wallets. The European Central Bank (ECB) is […]

Highlights: Hong Kong’s stablecoin bill requires the issuers to apply for a license from the HKMA. Authorities will seek to ensure that stablecoin backing is high quality liquid. The existing public consultation for crypto custodians and OTC trading regulation will […]

Highlights: Schwartz cautions that RLUSD may experience price fluctuations, advising against buying out of FOMO. The launch of RLUSD could trigger temporary price surges due to possible supply shortages. Ripple’s RLUSD stablecoin gains approval and is set to compete with […]

Highlights: Circle and Binance partner to boost USDC adoption and expand global digital finance reach. USDC will be integrated into Binance’s services, accessible to over 240M global users. The partnership aims to intensify competition with Tether’s USDT, enhancing stablecoin market […]

Highlights: FSOC warns that insufficient regulation and high market concentration in stablecoins threaten financial stability. FSOC calls for a federal framework to address stablecoin risks, including reserve management and transparency. Yellen cautions that digital assets and AI pose significant risks […]

Highlights: Ripple’s RLUSD stablecoin approval from NYDFS will boost its digital finance role. Ripple aims to challenge stablecoin leaders like USDC and USDT with RLUSD. XRP price surges as market sentiment improves. Ripple Labs, the company behind XRP, is set […]

Highlights: Circle plans expansion in Hong Kong, pending new stablecoin regulations, to establish local operations and hire more staff. Hong Kong’s favorable financial infrastructure makes it an ideal hub for Circle’s stablecoin growth in the Asia-Pacific. Circle’s CEO Jeremy Allaire […]

Highlights: Paxos launched USDG, a US dollar-backed stablecoin, under Singapore’s regulatory framework. The stablecoin is developed with DBS Bank, which manages USDG reserves and cash. USDG aims to enhance global stablecoin adoption for both crypto and regulated institutions. Digital assets […]

Highlights: Mishaboar warns against holding stablecoins like USDT, USDC, and PYUSD due to risks. He advocates for holding Bitcoin, Dogecoin, Litecoin, and Monero as safer options. Regulatory uncertainty is hindering U.S. stablecoin adoption, favoring other regions. In a recent post […]