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Tether has announced plans to launch a stablecoin pegged to the United Arab Emirates Dirham (AED). The token will be fully backed by liquid reserves based...
PayPal’s decision to extend its PYUSD stablecoin to the Solana blockchain is proving highly successful. The digital asset now ranks among the top six stablecoins, with...
According to Artemis data, stablecoin outflow from Solana (SOL) decreased significantly from $41.20 million on August 14 to $12.40 million. This reduction could play a crucial...
Ripple, the financial technology firm behind the XRP cryptocurrency, has initiated testing of its much-anticipated stablecoin, Ripple USD (RLUSD). According to its official announcement, the testing...
The Bank for International Settlements (BIS) and the Bank of England are running a project that allows the tracking of stablecoin reserves in real-time. UK financial watchdogs...
The UAE Central Bank approved a framework for stablecoin regulation which allows only dirham-backed stablecoins to be used for payments. Cryptocurrency like Bitcoin and Ethereum will...
On Thursday, July 18, the Hong Kong Monetary Authority (HKMA) announced the list of participants for its stablecoin issuer sandbox. This initiative, launched in March 2024,...
The Securities and Exchange Commission (SEC) has now decided to close its investigation into Paxos Trust Company over its Binance USD (BUSD) stablecoin. This decision, communicated...
According to a recent report by CCData, stablecoin trading volume on centralized crypto exchanges (CEX) hit its lowest point in seven months in June. This decline...
During a recent congressional hearing, Federal Reserve Chair Jerome Powell has expressed a keen interest in the passing of stablecoin legislation before the year ends. Federal...
