Stablecoin - Tag Archives - Cryptonews (Page 10)

Turkey Leads MENA with $200B in Crypto Volume – but Chainalysis Warns It’s ‘All Speculation’

Turkey has emerged as the Middle East and North Africa’s largest cryptocurrency market, recording nearly $200 billion in annual transactions, according to new data from Chainalysis. The country’s volume surpasses all others in the region, accounting for nearly four times that of the United...

, by Hassan Shittu

Ethereum Stablecoin Usage Jumps 400% in 30 Days as Whales Buy the Dip — $5K ETH Next?

Stablecoin usage on Ethereum has surged 400% in the last 30 days to reach a new all-time high of $580.9 billion with a transfer count of over 12.5 million, according to data from Token Terminal. Ethereum's stablecoin market cap now exceeds $163 billion. On-chain data from Arkham Intelligence...

, by Anas Hassan

The Fed’s New Account Could Let Crypto Into the System – Here’s What Traders Need to Know

The Federal Reserve has opened a discussion on a new entry point for payment firms. On October 21, Governor Christopher Waller described a potential “payment account” that would grant basic access to Fed payment services while limiting features that belong to full master accounts. The concept...

, by Hongji Feng

Is Nigeria’s eNaira Dead? CBN Forms New Task Force for Official Stablecoin

Nigeria’s central bank has formed a new task force to explore the adoption of stablecoins, raising questions over the future of the country’s digital currency, the eNaira. Central Bank of Nigeria (CBN) Governor Olayemi Cardoso announced the formation of the working group during a press...

, by Hassan Shittu

Fed Proposes Letting Stablecoin Issuers Access Banking System Directly Without Banks

The Federal Reserve (Fed) has unveiled plans to grant stablecoin issuers and fintech companies direct access to its payment infrastructure without requiring partnerships with traditional banks. Fed Governor Christopher Waller announced the proposal during the central bank's inaugural Payments...

, by Anas Hassan

Top U.S. Regulator Dismisses Stablecoin ‘Bank Run’ Threat as Market Soars Past $300B

The head of the U.S. Office of the Comptroller of the Currency (OCC), Jonathan Gould, has rejected fears that stablecoins could trigger a sudden banking crisis, describing the risk of a deposit run as overstated and unlikely to occur without warning. Speaking at the American Bankers Association...

, by Hassan Shittu

Wyoming Tests FRNT Stablecoin Across Seven Blockchains in Multi-Chain Deployment

Wyoming has deployed 100,000 FRNT stablecoins on seven major blockchains, totaling 700,000 tokens in what appears to be a testing phase. According to blockchain analytics data from Dune Analytics user Marcov, the state distributed tokens across Solana, Ethereum, Arbitrum, Base, Optimism,...

, by Anas Hassan

China’s Ant, JD.com Hit Pause on Hong Kong Stablecoin Plans After Beijing Warning

Two of China’s major technology players, Ant Group and JD.com, have put their ambitions to issue stablecoins in Hong Kong on hold, following clear signals from Beijing that such private-sector currency issuance may be off-limits for now. Over the summer, both companies had shown interest in...

, by Shalini Nagarajan

Japanese Banking Giants Enter Stablecoins, Challenge USDT and USDC Dominance

Three of Japan's largest banks, Mitsubishi UFJ Bank, Sumitomo Mitsui, and Mizuho, are joining forces to launch stablecoins pegged to the Japanese yen and US dollar, a move to challenge the dominance of dollar-backed USDT and USDC stablecoins. According to an October 17 report from Japanese...

, by Anas Hassan

Solana Price Prediction: Digital Dollars and Gold Just Landed on SOL – Is Wall Street Coming to Solana?

Tether has expanded its stablecoin offerings to Solana, bringing fresh bullishness for Solana price predictions. Interoperability framework Legacy Mesh has integrated Solana, exposing the altcoin to $175 billion in cross-chain liquidity from native USDt and Tether Gold (XAUt). Since its...

, by Harvey Hunter

Bank of England Promises ‘Temporary’ Stablecoin Caps – But Sets No End Date

The Bank of England will impose "temporary" limits on stablecoin holdings to protect credit availability, but has not specified when the caps will be lifted, Deputy Governor Sarah Breeden confirmed on Tuesday. The central bank plans limits of £10,000-£20,000 for individuals and £10 million for...

, by Anas Hassan

Sony Shocks Wall Street: Tech Giant Seeks U.S. Bank License to Issue Its Own Stablecoin

Sony has taken Wall Street by surprise after its banking division, Sony Bank, filed an application with the U.S. Office of the Comptroller of the Currency (OCC) to establish a national crypto bank under its subsidiary “Connectia Trust.” The move positions the Japanese tech giant to become one...

, by Hassan Shittu

Crypto Users Can Now Pay for AI Subscriptions, SaaS Tools, and Creator Content Using Stablecoins on Stripe

Stripe has officially opened the door for consumers to pay for AI subscriptions, SaaS tools, and creator content using stablecoins. The payment giant revealed in an October 14 blog post that businesses can now receive recurring payments in stablecoins across major blockchains, with the feature...

, by Anas Hassan

Taiwanese Stablecoin Firm OwlTing Approved for Nasdaq Direct Listing

Taiwanese fintech firm OwlTing has received approval to list directly on the Nasdaq, marking a major milestone.

, by Amin Ayan

Wall Street Banks Unite to Launch Stablecoin Rivaling Tether and Circle

Nine global Wall Street banking giants have announced plans to develop a jointly backed stablecoin focused on G7 currencies. The consortium includes Goldman Sachs, Deutsche Bank, Bank of America, Banco Santander, BNP Paribas, Citigroup, MUFG Bank, TD Bank Group, and UBS, according to a...

, by Anas Hassan

“Europe Must Compete”: EU Official Demands Euro Stablecoins to Break US Dollar’s Monopoly

A senior European Union official has called for the creation of euro-backed stablecoins to challenge the dominance of U.S. dollar-pegged tokens in global crypto markets. Pierre Gramegna, managing director of the European Stability Mechanism (ESM), said Europe must accelerate its efforts to...

, by Hassan Shittu

# Stablecoin (Page 10)

Cryptonews in numbers