In a major step toward financial innovation, the Wyoming Stable Token Commission has partnered with LayerZero to develop and distribute the state’s official stablecoin. Announced on March 26 at the DC Blockchain Summit, Wyoming Governor Mark Gordon and Commission Executive Director Anthony Apollo confirmed that the Wyoming Stable Token (WYST) ...
Fidelity Investments, a major asset manager with $5 trillion in assets, is reportedly in the final stages of testing its stablecoin to function as cash in cryptocurrency markets. This development is part of Fidelity's broader expansion into digital assets, with the token managed through its digital assets division. Specific details ...
A new research report by think tank Hashed Open Research and Four Pillars calls for stablecoins to be recognized as payment tools and investment assets, urging the development of a comprehensive regulatory framework to address their dual nature. The study suggests that issuing a stablecoin pegged to the Korean won ...
Australia is set to tighten regulations on crypto exchanges and stablecoin issuers as part of a proposed regulatory overhaul. The country’s Treasury Department has released a policy paper detailing plans to incorporate key elements of the digital asset sector into existing financial services laws. The paper explains that the new ...
MEXC has announced a strategic investment of 36 million aimed at accelerating stablecoin innovation. As part of this initiative, the firm has invested $16 million in Ethena, a leading stablecoin innovator, and purchased 20 million worth of USDe, Ethena’s synthetic dollar. This investment marks a significant step in MEXC’s commitment ...
United States Senator Bill Hagerty introduced an updated version of the GENIUS Act before a Senate Banking Committee vote scheduled for March 13. The revised bill aims to strengthen regulatory standards for stablecoin issuers, enhancing consumer protections, reserve requirements, and oversight measures. One of the most significant changes in the ...
Braza Group has introduced BBRL, a stablecoin pegged to the Brazilian Real, on the XRP Ledger (XRPL) to enhance digital transactions in Brazil and South America. The company, ranked sixth in Brazil’s interbank market operations by the Central Bank (BACEN), aims to provide a secure, cost-effective alternative for businesses and ...
According to a recent report by ARK Invest titled "Big Ideas 2025," stablecoin adoption surged in 2024, with transaction volumes reaching a record-breaking $15.6 trillion, surpassing the combined volumes of major players like Visa and Mastercard by notable margins—119% over Visa and 200% over Mastercard. This surge represents a five-year ...
Automated trading bots accounted for 70% of stablecoin transaction volume in 2024, according to a recent survey by crypto exchange CEX.IO. The survey, which analyzed blockchain activity across Ethereum, Base, and Solana, highlighted the increasing role of bots in stablecoin markets. CEX.IO noted that 77% of total stablecoin transaction volume ...
Bitcoin is expected to remain in a consolidation phase as long as conversions from fiat to stablecoins remain subdued, according to Matrixport, a digital asset firm based in Singapore. Matrixport highlighted a "significant slowdown" in fiat-to-crypto on-ramps in a research note shared via an X post. This was primarily reflected ...
