stablecoin

Tether Becomes Seventh Largest Bitcoin Holder With Recent $618 Million Purchase

Tether (USDT) is now the seventh-largest Bitcoin holder globally, following its purchase of more than 8,000 BTC in the past day, according to…

2 years ago

Cardano’s USDM Stablecoin Set For April Retail Launch

Cardano, in collaboration with Mehen Finance, has taken a significant step by introducing a fiat-backed stablecoin called USDM. This announcement strengthens…

2 years ago

BRICS Group Collaborates on Independent Payment System Using Blockchain and Digital Currency

BRICS member Russia announced the creation of a new blockchain-based payment system on March 5th. The blockchain and cryptocy-based payment…

2 years ago

The United Kingdom Plans Stablecoin, Staking Legislation Within 6 Months

On Tuesday, Bloomberg reported that the UK’s Economic Secretary to the Treasury, Bim Afolami, said the government is pushing hard…

2 years ago

Fed Chair Powell Told House Democrats U.S. Needs Stablecoin Bill

During a recent closed-door meeting with House Democrats, Federal Reserve Chair Jerome Powell emphasized the need for Congressional involvement in…

2 years ago

Florida Bill Aims to Regulate Banks as Crypto Exchanges, Stablecoin Issuer

The State of Florida has tabled a Bill that proposes to bring regulatory clarity to state chartered bank and trust…

2 years ago

Tether to Challenges United Nations Claims of USDT Use in Illegal Activities, Advocates for Blockchain Education

Stablecoin issuer Tether criticized the United Nations report, claiming that its USDT tokens are being used for illegal activities. In…

2 years ago

Digital Asset Adoption in Africa: Nigeria’s cNGN Stablecoin To Transform Digital Currency Scene

The Central Bank of Nigeria (CBN) has officially approved the cNGN stablecoin, marking a significant development in the country’s cryptocy…

2 years ago