Stablecoin - Tag Archives - Cryptonews (Page 17)

Trump-Putin Summit: What Happens Next, and What It Means for Bitcoin

It's been three-and-a-half years since Russia invaded Ukraine — and at a much-vaunted summit in Alaska, Donald Trump and Vladimir Putin failed to reach an agreement that would bring the war to a close. Back in February 2022, the crypto community had rallied around Ukraine. Elliptic figures...

, by Connor Sephton

Stablecoins Surge as On-Ramp Fees Fall – Coinbase, MetaMask Target Cheaper USDC

Stablecoins are taking the payment sector by storm. A joint report from crypto market maker Keyrock and crypto exchange Bitso predicts that stablecoin payment volumes will exceed $1 trillion annually by the end of this decade. This will likely be the case, as leading stablecoins have seen...

, by Rachel Wolfson

Citigroup Weighs Stablecoin and Crypto ETF Custody—$2.57T Giant Eyes Payments Push

Citigroup is exploring a major expansion into the digital asset space, with plans that could put the $2.57 trillion banking giant at the center of stablecoin custody, crypto ETF infrastructure, and blockchain-based payments. Speaking to Reuters, Biswarup Chatterjee, Citi’s global head of...

, by Hassan Shittu

Stablecoins Set to Capture $1 Trillion Payment Volume by 2028, Could Reshape US Monetary Policy: Report

Stablecoins are set to capture $1 trillion in annual payment volume by 2030 and could comprise 10% of the U.S. money supply, fundamentally reshaping monetary policy as they hold 25% of the U.S. Treasury bill market with a $2 trillion supply, according to new research from Keyrock and Bitso. The...

, by Anas Hassan

Stablecoin Speculation Triggers Swings, Hong Kong SFC and HKMA Caution Investors

The Securities and Futures Commission (SFC) and the Hong Kong Monetary Authority (HKMA) have issued a joint statement cautioning investors about sharp market movements linked to stablecoin-related announcements. The statement, published on August 14, comes amid price swings triggered by...

, by Hongji Feng

ETH ETFs Just Hit a $1 Billion Net Inflow Day – Could That Spur Altcoin Rotation This Weekend?

ETH inflows reached a record on Monday, with U.S. spot Ethereum ETFs drawing $1 billion in a single session. BlackRock’s ETHA fund accounted for $640 million, and Fidelity’s FETH added $277 million. Overall ETF holdings now total $25.7 billion, and cumulative inflows this cycle exceed $10.8...

, by Hongji Feng

GENIUS Act Bombshell? Banking Groups Demand Stablecoin Interest Loophole Close Before Cash Flees

Major U.S. banking trade groups are calling for Congress to block stablecoin issuers and affiliated firms from paying interest to token holders, warning that the practice could drain deposits from banks and reduce lending to households and businesses. In a joint statement published...

, by Hongji Feng

US Banking Groups Push to Close Stablecoin Yield ‘Loophole’

US banks have warned that a gap in the GENIUS Act could allow stablecoin issuers to skirt restrictions on paying yield to holders.

, by Amin Ayan

Circle Debuts Layer-1 Blockchain Arc Using USDC for Native Gas

Circle Internet Group, Inc. (NYSE: CRCL) has unveiled Arc, an open Layer-1 blockchain designed specifically for stablecoin finance, marking what the company calls a “defining moment” in its step toward developing a full-stack internet financial platform. The announcement came alongside...

, by Tanzeel Akhtar

‘Future Will Be Combination of Traditional and Crypto Payments,’ Says Visa’s Crypto Chief as Stablecoin Market Hit $269B

Visa's head of crypto, Cuy Sheffield, predicts the future will combine traditional and crypto payments as the stablecoin market reaches $269 billion, growing 62% over the past year with potential to expand to $2 trillion within three years. The payments giant has surpassed $200 million in...

, by Anas Hassan

Clearpool, Cicada Partner to Boost Risk Management in PayFi Lending

Clearpool, a decentralized capital markets ecosystem, has partnered with on-chain credit risk management company Cicada in a move to institutionalize PayFi lending with improved risk management. In an announcement shared with Cryptonews on Monday, the partnership will boost Clearpool's...

, by Sujha Sundararajan

Payment Giant Stripe Building ‘Tempo’ Blockchain with Crypto VC Paradigm: Report

Payments giant Stripe is developing "Tempo," a high-performance Layer 1 blockchain focused on payments, in partnership with crypto venture capital firm Paradigm, according to a job posting discovered on the Blockchain Association website. As per Fortune report, the stealth project represents...

, by Anas Hassan

Paxos Makes Landmark Play for National Trust Charter from OCC

In a renewed, high-stakes bid for federal legitimacy, PayPal’s stablecoin issuer, Paxos Trust Company, applied on Monday for a national trust charter, escalating the regulatory race against rivals Circle and Ripple. If approved, the charter would upgrade the firm's New York license to a federal...

, by Hassan Shittu

Ant Group Denies Rumors of Rare Earth-Backed RMB Stablecoin With People’s Bank of China

Ant Group has dismissed speculation that it is collaborating with the People’s Bank of China to issue a rare earth-backed RMB stablecoin.

, by Amin Ayan

S&P Global Assigns First-Ever B- Credit Rating to DeFi Platform Sky Protocol

S&P Global Ratings has issued a B- issuer credit rating to Sky Protocol in the first-ever rating for a DeFi platform.

, by Amin Ayan

South Korean Overseas Retail Investors Pivot to Stablecoin-Tied Stocks: Report

A fresh report by the Korean Center for International Finance (KCIF) states that South Korean nationals who invest in overseas stocks have increasingly pivoted to crypto-tied shares, particularly stablecoins. Retail Korean investors purchasing U.S. big tech shares dropped from a monthly average...

, by Sujha Sundararajan

# Stablecoin (Page 17)

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