Coinbase is breathing new life into its Stablecoin Bootstrap Fund in a bid to strengthen liquidity for USD Coin (USDC) across both established and up-and-coming decentralized finance (DeFi) protocols. The U.S. crypto exchange said on Tuesday the fund’s initial...
Recent market data suggests the cryptocurrency sector may be entering the early stages of altseason, with Ethereum leading the charge against Bitcoin. Ethereum (ETH) is trading at $4,502.81, up 4.6% in the past 24 hours and more than 40%...
Ethereum is edging closer to its all-time high as on-chain activity hits record levels, while a sharp $2.5 billion USDC outflow mostly from Binance raises questions about shifting liquidity in the crypto market, according to CryptoQuant. Data from the...
A coalition of major US banking associations, led by the Bank Policy Institute (BPI), is urging lawmakers to amend new stablecoin legislation to prevent issuers and their affiliates from indirectly offering interest or yield on stablecoins. In a letter...
The Ethereum Foundation has intensified its ETH liquidations, unloading a fresh batch of tokens just as the cryptocurrency surges to levels last seen in 2021. Blockchain tracking platform Lookonchain reported that in the past 24 hours, the non-profit initiated...
Do Kwon, co-founder of Terraform Labs, is preparing to change his plea in the high-profile U.S. criminal case related to the 2022 collapse of the TerraUSD (UST) stablecoin that wiped out approximately $40 billion in investor value. A federal...
Paxos Trust Company, the crypto infrastructure firm behind PayPal’s PYUSD stablecoin, has reignited its pursuit of a US national trust bank charter following the expiration of its initial approval in 2023. Originally granted conditional approval by the Office of...
Kakao is preparing to launch a Korean won (KRW)-pegged stablecoin on the Kaia blockchain, marking a strategic step toward expanding decentralized finance (DeFi) within its vast ecosystem. The move follows the recent registration of four trademarks relating to the...
Clearpool has entered a strategic partnership with Cicada Partners to strengthen institutional access to Payment Financing (PayFi) within the stablecoin economy. The collaboration will see Cicada, an on-chain credit risk advisory and management firm handle underwriting, structuring, and active...
South Korean retail investors are rapidly shifting away from U.S. technology giants toward crypto-linked equities, with stablecoin-related firms leading the charge, new data reveals. According to the Korean Centre for International Finance (KCIF), virtual asset-related stocks made up 36.5%...
