Stablecoin

A collection of 110 posts

Stablecoin

Former Tether CEO Unveils Yield-Bearing Stablecoin Rival Set for Ethereum and Solana Launch

Reeve Collins, a name tied to the very roots of the stablecoin world, is stepping back into the spotlight with a fresh venture. As one of Tether original founders, Reeve Collins is now gearing up to launch his own stablecoin under the Pi Protocol banner, according to a report from

Stablecoin

Tether Engages with US Lawmakers to Shape Stablecoin Regulation Framework

In a significant development within the crypto space, Tether, the company behind the world's largest stablecoin USDT, has initiated discussions with U.S. lawmakers to influence the regulatory landscape for stablecoins in the United States. This move comes at a critical time as Congress works to establish a

Stablecoin

Coinbase and Aston Martin Partner for F1 Racing Sponsorship Paid with Stablecoins

At the intersection of Formula 1 racing and the fast paced world of crypto, Coinbase has entered into a multi-year partnership with the Aston Martin F1 racing team. This collaboration isn't just about branding; the deal was paid entirely in stablecoins, specifically USDC, marking a historic first for

CBDC

Fed Chair Jerome Powell Declares No Central Bank Digital Currency (CBDC) for the US

In a statement, Jerome Powell, the Chair of the Federal Reserve, has made it clear that the United States will not be venturing into the realm of central bank digital currencies (CBDCs). This announcement comes at a time when the world is witnessing a significant shift towards digital currencies, with

Stablecoin

Democrat Rep. Maxine Waters Proposes New Framework for Stablecoin Regulation

Representative Maxine Waters, a prominent Democrat on the House Financial Services Committee, has unveiled a discussion draft aimed at controlling stablecoins. This draft, as reported by Punchbowl, seeks to establish stringent oversight by involving federal entities like the Comptroller of the Currency, the Federal Reserve, and the Federal Deposit Insurance

Stablecoin

President of Brazil's Central Bank Says Stablecoins Linked to Tax Evasion, Money Laundering

Gabriel Galipolo, the newly appointed President of the Central Bank of Brazil, has shed light on the alleged association of stablecoins and illicit financial activities within the Latin American country. According to Galipolo, a significant portion of crypto transactions in Brazil involves stablecoins, which are digital currencies designed to maintain

Crypto

Trump's AI and Crypto Czar David Sacks Promises 'Golden Age' for Digital Assets

David Sacks, serving as President Donald Trump's AI and crypto czar, took center stage at a Capitol Hill press conference to outline the administration's ambitious plans for the future of digital assets in the United States. He was joined by key figures from congressional committees tasked

Stablecoin

Senator Bill Hagerty Proposes Bill to Regulate US Stablecoin Market

Senator Bill Hagerty is poised to introduce a new piece of legislation aimed at providing regulatory clarity for the burgeoning stablecoin market in the United States. Known as the GENIUS Act, which stands for Guiding and Establishing National Innovation for US Stablecoins, this bill seeks to establish a structured regulatory

Tether

Tether Plans to Build 70-Story Crypto Hub Skyscraper in El Salvador

Imagine a towering beacon of innovation rising 70 stories high in the heart of El Salvador, a country that’s quickly becoming a haven for tech and crypto pioneers. That’s exactly what Tether, the company behind the $140 billion stablecoin USDT, is planning to bring to life. In a

Tether

Tether Breaks Records with $13 Billion Profit and Bitcoin and Gold Holdings

Tether's 2024 financial performance is nothing short of amazing, showcasing the stablecoin giant's dominance in the crypto space. The company reported $13 billion in net profits for the year, fueled in part by its strategic investments in Bitcoin and gold, which alone contributed $5 billion in

Regulations

AI and Crypto Czar David Sacks Discusses Digital Asset Regulations and US National Stockpile

In an appearance on Fox Business News this morning, David Sacks, President Trump's AI and Crypto Czar, provided insights into the newly established Digital Assets Working Group, its objectives, and the prospective development of a US national stockpile for digital assets. This conversation sheds light on the administration&

Crypto

Trump Signs Historic Crypto Executive Order Bolstering US Digital Finance Leadership

BREAKING: In an unprecedented move for the United States, President Donald Trump has signed an executive order that promises to reshape the regulatory environment surrounding cryptocurrencies. This directive comes at a time when cryptocurrencies and digital assets are increasingly becoming a focal point in global finance, signaling a strong push

Bitcoin

Coinbase Launches Bitcoin Loans for US with DeFi Backing

Coinbase has once again ventured into the realm of Bitcoin backed loans for its US customers, this time with a strategic twist. After discontinuing its previous crypto lending program in 2023 due to regulatory pressures and waning demand, Coinbase has now partnered with Morpho, a decentralized finance (DeFi) protocol, to

Tether

Tether Files Lawsuit Against Swan Bitcoin Over Mining Joint Venture Dispute

In a significant escalation of their ongoing dispute, Tether, the stablecoin giant, has taken legal action against financial services firm Swan Bitcoin. The lawsuit filed in the High Court of England and Wales, centers around a contentious Bitcoin mining partnership known as 2040 Energy, revealing tensions that have simmered beneath

Regulations

Sen. Elizabeth Warren Sends Letter to Trump Treasury Nominee Advocating for Tighter Crypto Regs

US Senator Elizabeth Warren has recently dispatched a comprehensive open letter to Donald Trump's nominee for Treasury Secretary, Scott Bessent, pushing for a reevaluation and potential tightening of regulations concerning crypto assets. In her extensive 31-page letter dated January 12, Warren poses critical questions about the scope and

Bitcoin

New Hampshire Explores Bitcoin for State Treasury Investments

New Hampshire is venturing into the world of crypto with a legislative proposal that would allow the state to establish a strategic Bitcoin reserve within its treasury. This initiative, spearheaded by State Representative Keith Ammon, aims to diversify state investments and potentially generate passive revenue, aligning with the state'

Tether

Concerns Grow as Tether Encounters More Issues

Tether is a key player known for its stablecoin USDT, and is currently facing a series of developments that are causing a mounting concern within the market. Recent events surrounding Tether have sparked speculation and worry, suggesting that the company might be on the verge of a crisis. The quiet

Legal

Do Kwon Appears in New York Court After Extradition, Pleads Not Guilty

As the 2025 year ushers in a new chapter, marked by optimism, the shadow of past controversies lingers as Do Kwon, the architect behind the Terra Luna ecosystem, made his first appearance in a US courtroom on January 2, 2025. In a New York court, before Judge Robert Lehrburger, Kwon

Crypto

U.S. Congress Expected to Prioritize Crypto Legislation in 2025

As we step into 2025, the landscape of cryptocurrency legislation in the United States is poised for significant transformation. With a new Congress and the pro-crypto stance of President-elect Donald Trump, the environment seems ripe for legislative advancements that could redefine the regulatory framework for digital assets. The House Financial

Stablecoin

Elon Musk's SpaceX Uses Stablecoins to Bypass Forex Risks

In the latest episode of the All-In podcast, Silicon Valley's own Chamath Palihapitiya shared an intriguing insight into how Elon Musk's SpaceX manages its financial operations, particularly when dealing with international transactions. SpaceX, through its Starlink services, has adopted a modern approach by leveraging stablecoins to

Crypto

Tether Invests $775 Million into Video Platform Rumble

Tether, the company behind the USDT stablecoin, has dug deep into its treasure trove, investing a staggering $775 million into Rumble. This investment isn't just a financial injection; it's a statement of confidence in the intersection of crypto and free speech. The announcement came at a

Hack

Vivek Ramaswamy X Account Hacked, Posts About Partnership With Stablecoin Issuar

In a bizarre twist, Vivek Ramaswamy, a notable figure in the Trump administration, found his X account compromised and hacked. This led to a post from the hacker using his account to post about a fictitious partnership between the U.S. Department of Government Efficiency (DOGE) and the stablecoin issuer

Ethereum

Brazilian Investors Shift Focus from Bitcoin to Ethereum and Solana

In Brazil, the cryptocurrency market is witnessing a shift, with investors showing increasing interest in different cryptocurrencies including stablecoins, somewhat eclipsing the traditional dominance of Bitcoin. This trend is evident in the latest data released by the Federal Revenue Service based in Brasília, highlighting a dynamic evolution in the crypto

Bitcoin Cash

Bitcoin Cash Stablecoin ‘Moria’ Challenges USDT Dominance with Over $45K Locked Post Launch

The BCH ecosystem has introduced a new player in the stablecoin arena with the launch of Moria (MUSD), an ambitious project aiming to redefine stability in the crypto space. This decentralized native-backed layer 1 stablecoin protocol has quickly garnered attention by locking over $45,000 in total value after just

Polygon

Polygon Proposal Aims to Turn Idle Stablecoins into Yield

The Polygon community is excited with discussions around a new proposal that could see over $1 billion in stablecoins currently sitting idle on its bridge transformed into an active source of yield (passive income). This initiative, spearheaded by Web3 risk provider Allez Labs alongside DeFi platforms Morpho and Yearn, seeks