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Stablecoin

A collection of 94 posts

Stablecoins Undermine Decentralization and the Vision for Financial Freedom

Stablecoins Undermine Decentralization and the Vision for Financial Freedom

In 2008, Satoshi Nakamoto introduced Bitcoin with a revolutionary idea: a decentralized, peer-to-peer digital cash system that bypassed banks, governments, and intermediaries. The Genesis block’s embedded message, referencing a 2009 news headline about bank bailouts, underscored Bitcoin’s purpose as a rebellion against a flawed financial system. It promised

Feds Confiscate $225 Million in Tether Stablecoin from Pig Butchering Scams

Feds Confiscate $225 Million in Tether Stablecoin from Pig Butchering Scams

Federal authorities have executed a huge operation, seizing approximately $225.3 million in cryptocurrency linked to widespread investment scams, marking the largest such seizure in U.S. Secret Service history. The joint effort, involving the U.S. Secret Service, FBI, and the U.S. Attorney’s Office for the District

Senate Passes GENIUS Act to Regulate Crypto Stablecoins

Senate Passes GENIUS Act to Regulate Crypto Stablecoins

The U.S. Senate voted 68-30 on Tuesday, June 17, 2025, to pass the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act, marking the first significant cryptocurrency legislation to clear the chamber. The bill, sponsored by Republican Senator Bill Hagerty, aims to create a robust regulatory framework

Amazon, Walmart, Expedia, Explore Stablecoins to Slash Payment Costs

Amazon, Walmart, Expedia, Explore Stablecoins to Slash Payment Costs

Major American retailers and travel companies, including Amazon, Walmart, and Expedia, are considering launching their own stablecoins to reduce the hefty fees associated with traditional card payments, according to a recent report from The Wall Street Journal. This potential shift could save merchants billions annually by bypassing the costly interchange

Senate Advances GENIUS Act to Regulate Stablecoins, Paving Way for Crypto Integration

Senate Advances GENIUS Act to Regulate Stablecoins, Paving Way for Crypto Integration

The United States Senate has taken another step toward regulating stablecoins, voting to advance the Guiding and Establishing National Innovation for US Stablecoins for 2025, or GENIUS Act, on Wednesday. This legislation, which establishes a regulatory framework for payment stablecoins, moved closer to a final vote in the Senate after

Bolivia Embraces Crypto Stablecoin During US Dollar and Gas Shortages

Bolivia Embraces Crypto Stablecoin During US Dollar and Gas Shortages

In a significant step for stablecoin adoption, Tether’s USDT stablecoin is emerging as a practical solution in Bolivia, where economic challenges like dollar and gas shortages have sparked unrest. Paolo Ardoino, CEO of Tether, recently shared images on X showcasing retail items priced in USDT, highlighting the stablecoin’s

Big Tech Explores Stablecoin Integration for Crypto Payment Solutions

Big Tech Explores Stablecoin Integration for Crypto Payment Solutions

Major technology firms are increasingly eyeing stablecoins, which are crypto tokens pegged to the U.S. dollar, as a way to streamline payments and reduce transaction costs. Companies like Apple, Google, Airbnb, and X are engaging in early discussions with crypto firms to explore integrating stablecoins into their payment systems.

Uber Explores Stablecoin Integration for Global Payments

Uber Explores Stablecoin Integration for Global Payments

San Francisco based transportation and delivery giant Uber is considering the integration of stablecoins as a payment option, according to CEO Dara Khosrowshahi. Speaking at the Bloomberg Tech Summit on Thursday, Khosrowshahi highlighted the potential of stablecoins to streamline international transactions for the company. The announcement signals Uber’s growing

Circle Debuts on NYSE as USDC Stablecoin Market Cap Soars

Circle Debuts on NYSE as USDC Stablecoin Market Cap Soars

Circle, the issuer of the world’s second-largest stablecoin, USDC, officially began trading on the New York Stock Exchange under the ticker CRCL on June 5, 2025. The milestone marks a significant step for the company, which has grown from a visionary startup to a major player in the global

Stablecoin Payments Surge to $94.2 Billion with USDT Dominating Market

Stablecoin Payments Surge to $94.2 Billion with USDT Dominating Market

Stablecoins have emerged as a transformative force in global finance, offering a faster and more cost-effective alternative to traditional payment systems. A new report from Artemis, Castle Island Ventures, and Dragonfly reveals that stablecoin payments settled $94.2 billion between January 2023 and February 2025, with an annualized run rate

BlackRock to Acquire 10% of Circle USDC Stablecoin IPO Shares

BlackRock to Acquire 10% of Circle USDC Stablecoin IPO Shares

Circle Internet, the issuer of the widely used USDC stablecoin, has announced plans to go public in the United States, targeting a valuation of $6.71 billion. The company intends to raise $624 million by offering 24 million shares priced between $24 and $26 each. This strategic move comes at

Major Guatemalan Bank Adds Stablecoin for Cross Border Payments

Major Guatemalan Bank Adds Stablecoin for Cross Border Payments

In a significant step forward for financial tech in Latin America, SukuPay, a fintech innovator specializing in seamless cross border payments, has fully integrated its stablecoin remittance engine into Zigi, the mobile banking app of Banco Industrial, Guatemala’s largest bank. This collaboration marks a milestone as the first instance

JPMorgan, Bank of America, Citigroup, Wells Fargo, Explore Issuing Joint Stablecoin

JPMorgan, Bank of America, Citigroup, Wells Fargo, Explore Issuing Joint Stablecoin

In a move signaling the convergence of traditional finance and the rapidly evolving cryptocurrency landscape, some of the nation’s largest banks are in early discussions to collaborate on issuing a joint stablecoin. Industry banking giants such as JPMorgan Chase, Bank of America, Citigroup, and Wells Fargo are among those

French Bank's SG Forge to Launch Dollar-Backed Stablecoin on Ethereum

French Bank's SG Forge to Launch Dollar-Backed Stablecoin on Ethereum

SG Forge, the cryptocurrency and blockchain division of Société Générale, one of Europe’s largest financial institutions, is preparing to launch a dollar-backed stablecoin on the Ethereum blockchain, according to a report by The Big Whale. This strategic move positions Société Générale as the first global banking group to issue

Senate Advances GENIUS Act to Bolster Stablecoin Regulation and U.S. Dollar Dominance

Senate Advances GENIUS Act to Bolster Stablecoin Regulation and U.S. Dollar Dominance

The U.S. Senate took a significant step toward regulating stablecoins on Monday, voting 66-32 to advance the Guiding and Establishing National Innovation for U.S. Stablecoins Act, known as the GENIUS Act. This bipartisan legislation, led by Republican Sen. Bill Hagerty, aims to modernize America’s payment system by

USDC Stablecoin Issuer Circle May Sell Company to Coinbase or Ripple

USDC Stablecoin Issuer Circle May Sell Company to Coinbase or Ripple

Circle Internet Financial, the company behind the USDC stablecoin, has been navigating a pivotal moment in its trajectory. In early April, Circle filed paperwork to pursue a long-awaited initial public offering, signaling its intent to go public. However, recent developments suggest the IPO may not materialize as planned. According to

Bolivia Announces Plans for CBDC to Streamline Cross-Border Payments

Bolivia Announces Plans for CBDC to Streamline Cross-Border Payments

Bolivia’s Central Bank, under the leadership of President Edwin Rojas Ulo, is forging ahead with plans to introduce a digital currency known as the “virtual boliviano,” set to debut during the nation’s bicentennial independence celebration on August 6, 2025. This initiative, designed to modernize the country’s payment

New Stablecoin Called Freedom Dollar Launched on Privacy Focused Zano Blockchain

New Stablecoin Called Freedom Dollar Launched on Privacy Focused Zano Blockchain

The crypto space has introduced Freedom Dollar (fUSD), a new stablecoin focused on privacy and decentralization on the Zano network. Unlike traditional stablecoins such as USDT and USDC, fUSD offers a user controlled, censorship resistant alternative that aims to redefine financial independence in the digital age. Built to operate semi-autonomously

Tether Plans U.S. Stablecoin Launch as CEO Strengthens Washington Ties

Tether Plans U.S. Stablecoin Launch as CEO Strengthens Washington Ties

Tether, the world’s leading stablecoin issuer, is gearing up to introduce a U.S.-based stablecoin as early as this year, signaling a strategic push to deepen its presence in the American market. The move comes as Tether’s CEO, Paolo Ardoino, intensifies efforts to build relationships with U.

Mastercard Adds Stablecoin Support to Global Payments System

Mastercard Adds Stablecoin Support to Global Payments System

Mastercard is introducing comprehensive stablecoin transaction capabilities to its ecosystem by enabling seamless global spending and acceptance. As stablecoins gain traction amid clearer regulatory frameworks, they are transitioning from niche crypto trading tools to vital components of efficient, programmable payment systems. Mastercard’s latest initiative ensures that individuals and businesses

Stripe Unveils New Stablecoin Product with Global Ambitions

Stripe Unveils New Stablecoin Product with Global Ambitions

Stripe, a leading payments technology company, is developing an innovative stablecoin based product that leverages the capabilities of Bridge, a stablecoin services platform it acquired in October 2024 for $1.1 billion. The new product, though still in its early stages, is generating significant interest for its potential to reshape

Federal Reserve Shifts Stance on Crypto Activities for Banks in Major Policy Update

Federal Reserve Shifts Stance on Crypto Activities for Banks in Major Policy Update

On April 24, 2025, the Federal Reserve Board announced a significant change in its approach to banks engaging with crypto assets and stablecoins, marking a pivotal moment for the financial sector. The decision to withdraw previous guidance on these activities reflects a broader push toward deregulation, aiming to encourage banks

Coinbase and PayPal Expand Partnership to Boost Stablecoin Payments

Coinbase and PayPal Expand Partnership to Boost Stablecoin Payments

Coinbase and PayPal have announced an expanded partnership to accelerate the adoption and utility of the PayPal USD (PYUSD) stablecoin, marking a significant step toward mainstream integration of digital currencies in global payments. This collaboration leverages Coinbase’s robust custody and trading platforms to support seamless PYUSD-USD conversions and explore

PayPal Boosts PYUSD Adoption with 3.7% Yield to Compete in Stablecoin Market

PayPal Boosts PYUSD Adoption with 3.7% Yield to Compete in Stablecoin Market

PayPal is intensifying its efforts to capture a larger share of the rapidly evolving stablecoin market by introducing a 3.7% annual yield for U.S. users holding its PayPal USD (PYUSD) stablecoin. This strategic move, set to roll out this summer, aims to make PYUSD a more attractive option

UN Report Says Crypto Powers Illegal Cambodian Marketplace Called Huione Guarantee

UN Report Says Crypto Powers Illegal Cambodian Marketplace Called Huione Guarantee

A newly released United Nations Office on Drugs and Crime report exposes Huione Guarantee, a Phnom Penh, Cambodia based online marketplace, as a major hub for illegal activities fueled by cryptocurrencies. Operating primarily through Telegram, this platform has processed at least $24 billion in cryptocurrency transactions from 2021 to 2024,