In a recent statement, Treasury Secretary Bessent emphasized the potential of stablecoins to reinforce the dominance of the U.S. dollar in the global financial system. He argued that stablecoins, digital assets pegged to fiat currencies like the dollar, could...
Hong Kong-based e-commerce giant JD.com is preparing to launch its own stablecoin, backed by the Hong Kong dollar, by the end of 2025. In addition to this, the company is also exploring the possibility of supporting other fiat-backed stablecoins....
Ubyx, a stablecoin clearing platform founded by payments industry veteran Tony McLaughlin, has raised $10 million in seed funding to accelerate global stablecoin adoption across traditional finance. The round was led by Galaxy Ventures, with participation from Coinbase Ventures,...
The US Senate has passed the GENIUS Act, marking the first major federal legislation to regulate stablecoins, a rapidly growing segment of the cryptocurrency market. The bill was approved with a strong bipartisan vote of 68 to 30, signaling...
ZOOT, a next-generation iGaming platform that merges video game dynamics with blockchain-based payments, has secured $6 million in seed funding to accelerate its global expansion. The funding round was led by crypto-focused investment firm CoinFund, with additional backing from...
CoinDesk Indices, in collaboration with institutional DeFi firm Sentora, has launched the CoinDesk Overnight Rates (CDOR). This groundbreaking benchmark interest rate transforms Aave’s on-chain lending data into standardised overnight money market rates for stablecoins such as USDC and USDT....
HTX Ventures, the investment arm of crypto exchange HTX, has published a new report examining how stablecoins are increasingly forming a parallel U.S. dollar-based financial infrastructure one that could significantly reshape the global payments landscape. Titled “The On–Chain Extension...
Dubai-based fintech startup SaturnX has secured $3 million in seed funding to scale its stablecoin-powered cross-border payments infrastructure, the company announced on Tuesday. The round was led by White Star Capital, with backing from several institutional investors, underscoring growing...
Senator Elizabeth Warren has raised serious concerns about the GENIUS Act, warning that it could allow major tech companies to issue stablecoins that bypass existing banking regulations. The bill, formally known as the Guiding and Establishing National Innovation for...
Crypto industry heavyweight and BitMEX co-founder Arthur Hayes has sounded the alarm over what he describes as an impending “stablecoin mania,” warning that a wave of new stablecoin companies attempting to emulate Circle’s IPO success are likely to be...
