US Treasury Deputy Secretary Adewale Adeyemo said Russia was increasingly using alternative payment mechanisms like Tether’s USDT stablecoin to bypass economic sanctions, according to his written …
Latest in stablecoin
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Blockchain
Circle Integrates Web3 Services on Solana to Boost USDC Adoption
by Terron Goldby Terron GoldA fintech firm, Circle, confirmed plans of providing Web3 services for users of Solana, a Layer 1 Blockchain ecosystem. This …
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Global Adoption
Bank of International Settlements Publishes New Stablecoin Report Following Ripple’s Announcement
by Terron Goldby Terron GoldMembers of the Financial Stability Institute (FSI) of the Bank for International Settlements (BIS) have published a new paper that focuses …
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Market Watch
Ripple to Launch USD Stablecoin, Taking on a $150B Market Dominated by Tether and Circle
by Terron Goldby Terron GoldCrypto startup Ripple is the latest major player to jump into the $150 billion stablecoin market with the launch of …
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Market Watch
Tether Becomes Seventh Largest Bitcoin Holder With Recent $618 Million Purchase
by Terron Goldby Terron GoldTether (USDT) is now the seventh-largest Bitcoin holder globally, following its purchase of more than 8,000 BTC in the past day, according to …
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Cardano, in collaboration with Mehen Finance, has taken a significant step by introducing a fiat-backed stablecoin called USDM. This announcement strengthens …
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Global Adoption
BRICS Group Collaborates on Independent Payment System Using Blockchain and Digital Currency
by Terron Goldby Terron GoldBRICS member Russia announced the creation of a new blockchain-based payment system on March 5th. The blockchain and cryptocurrency-based payment …
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Global Adoption
The United Kingdom Plans Stablecoin, Staking Legislation Within 6 Months
by Terron Goldby Terron GoldOn Tuesday, Bloomberg reported that the UK’s Economic Secretary to the Treasury, Bim Afolami, said the government is pushing hard …
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U.S. Regulation
Fed Chair Powell Told House Democrats U.S. Needs Stablecoin Bill
by Terron Goldby Terron GoldDuring a recent closed-door meeting with House Democrats, Federal Reserve Chair Jerome Powell emphasized the need for Congressional involvement in …
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U.S. Regulation
Florida Bill Aims to Regulate Banks as Crypto Exchanges, Stablecoin Issuer
by Terron Goldby Terron GoldThe State of Florida has tabled a Bill that proposes to bring regulatory clarity to state chartered bank and trust …
