Bitcoin In Reserves? South Korea’s Central Bank Won’t Bite South Korea’s central bank, the Bank of Korea (BOK), has firmly rejected the inclusion of Bitcoin in its foreign exchange reserves, citing the cryptocurrency’s significant price swings and failure to meet International Monetary Fund (IMF) standards. However, local advocates and legislators are pushing forward with plans […]
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Ethena Surges Ahead: Overtakes PancakeSwap and Jupiter with $3.28M Daily Revenue Ethena, the Ethereum-based decentralized stablecoin protocol, has made a significant impact in the DeFi sector by surpassing the daily revenue of established protocols like PancakeSwap and Jupiter, securing the third position in daily fees with an impressive $3.28 million. While this success is notable, […]
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MoonPay Expands to Wisconsin: Secures 46th State License and Enhances Crypto Payment Solutions MoonPay, a leading cryptocurrency payment platform, has obtained a Money Transmitter License (MTL) in Wisconsin, marking the 46th state to grant such approval. This development allows MoonPay to expand its services to Wisconsin residents, aligning with the state’s progressive stance on digital […]
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Tether CEO Excited About GENIUS Act’s Impact on Stablecoin Regulation Stablecoins, cryptocurrencies designed to maintain a stable value often pegged to a traditional currency like the US dollar, are set to face a significant change with the recent passage of the GENIUS Act by the U.S. Senate Banking Committee. Tether CEO Paolo Ardoino is buzzing […]
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Paolo Ardoino: Tether’s Growth Fueled by Global Demand for U.S. Dollars Tether CEO Paolo Ardoino recently discussed the company’s impressive growth on Bloomberg TV, attributing it to the global thirst for U.S. dollars, particularly in emerging markets where traditional financial systems often fall short. Ardoino’s insights highlight Tether’s strategic positioning and the potential impact of […]
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Infini Exploited for $49M in Stablecoin Heist: A Closer Look at the Breach and Its Implications On February 24, Infini, a digital-only neobank specializing in stablecoin transactions, fell victim to a $49 million exploit orchestrated by an ex-developer who retained administrative privileges. This incident adds to the growing list of high-profile breaches plaguing the cryptocurrency […]
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Japan’s FSA Unveils New Stablecoin Regulations: A Step Towards Safer Crypto? Japan’s Financial Services Agency (FSA) is rolling out new regulations to enhance user protection and streamline the operations of stablecoin issuers. These changes, which include diversifying backing assets and introducing a new business category, aim to foster a safer and more efficient digital finance […]
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US SEC Greenlights YLDS: The First Yield-Bearing Stablecoin Enters the Scene Ever wished your stablecoin could earn you income like a savings account? That dream just became a reality with YLDS, the first yield-bearing stablecoin approved by the US SEC. The SEC’s approval of YLDS marks a pivotal moment for crypto investors seeking stability and […]
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Ripple’s RLUSD Stablecoin Surpasses $120 Million in Total Supply Ripple’s RLUSD stablecoin has hit a major milestone, surpassing a total supply of $120 million. This marks a significant achievement for the stablecoin, highlighting its growth and acceptance within the cryptocurrency market. RLUSD total supply exceeds $120 million Stablecoin gains traction on XRP Ledger and Ethereum […]
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Tether Partners with Guinea to Drive Digital Transformation On February 17, Tether, the issuer of the world’s largest stablecoin, USDT, announced a groundbreaking partnership with the government of Guinea aimed at boosting the country’s digital transformation and economic growth through blockchain technology. This collaboration, solidified through a memorandum of understanding (MoU), will focus on education, […]
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