Hong Kong's newly proposed stablecoin bill passed its first reading in the city’s Legislative Council today, December 18, 2024. This move brings the city closer to establishing a robust regulatory framework for fiat-backed stablecoin issuers. During the presentation of...
Meta's stablecoin project, Diem (originally launched as Libra in 2019), aimed to revolutionize global payments by creating a decentralized payment network backed by stablecoin reserves. Its promise of seamless, scalable international payments attracted partnerships from major players like Visa...
WSPN, a leading global digital payments provider, has teamed up with Fractal, a scaling solution on the Bitcoin blockchain, to expand the utility of its fully-backed stablecoin, WUSD. WUSD, backed 1:1 by US dollars and collateralized by high-quality liquid...
Stablecoins maintains a commanding presence in the digital finance ecosystem. With a combined market cap exceeding $190 billion, they serve as a cornerstone of liquidity and utility across DeFi platforms, trading ecosystems, and payment networks. They are quickly becoming...
The Euro Coin (EURC) was Circle's attempt to create a replica of its successful USDC stablecoin for another major currency, the Euro. It launched it on major centralized exchanges on July 6, 2022, as a new ERC-20 stablecoin backed...
Binance has clarified that its new high-yield asset, BFUSD, is not a stablecoin and has yet to be launched. BFUSD is not yet launched. To be clear, it is not a stablecoin but a reward-bearing margin asset for futures...
Dutch payment technology firm Quantoz Payments has announced the launch of two new stablecoins, EURQ and USDQ, set to go live in Europe on November 21. According to a November 18 press release, EURQ and USDQ are fully backed...
The global stablecoin market is dominated by two products, USDC and USDT, despite their many flaws and equally many attempts to capture their market share. Stablecoin issuer Paxos has introduced yet another offering, but this time with bigger promises...
Binance has announced that it will be the first exchange to launch the new stablecoin USUAL via its pre-market launch platform, Binance Launchpool. The crypto exchange stated that the token's dedicated page will go live 12 hours prior to...
Worldwide Stablecoin Payment Network (WSPN) has announced a strategic partnership with Viction, a global Layer-1 blockchain project, and crypto exchange Ninety-Eight (formerly known as Coin98), to drive the adoption of its Worldwide USD (WUSD) stablecoin, particularly in emerging markets....
