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Tag: stablecoin
Korea’s Stablecoin Craze Heats Up as Banks and Fintechs Race To Cash In
Key Takeaways South Korea’s major banks are partnering with digital finance firms to tap into the…
US Banking Groups Want Stablecoin Yield Loophole Closed
Several US banking groups led by the Bank Policy Institute (BPI) urged regulators to close what…
Transak Raises $16M From IDG Capital, Tether to Scale Stablecoin Payment Network
Web3 payments infrastructure firm Transak has raised $16 million in a strategic funding round co-led by…
GENIUS Act Stablecoin Ban May Fuel Tokenization Market Growth
The landmark US GENIUS Act could serve as a major catalyst for stablecoin adoption both domestically…
ETH Transaction Volume Climbs on Price Rally, Cheaper DeFi Costs
Ethereum’s transaction volume has been overall on an upward trajectory, closing in its all time high…
NYDFS Fines Stablecoin Issuer Paxos $26.5M for Compliance Failures Tied to Binance’s BUSD
New York’s top financial regulator has fined Paxos, a New York City-based stablecoin issuer, $26.5 million…
GENIUS Act sets up framework for stablecoin
President Trump signed the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act into law…
With South Korea's CBDC Plans Dead, KakaoBank Joins Stablecoin Gold Rush
KakaoBank is preparing to enter South Korea’s fast-growing stablecoin sector, according to local reports. In its…
GENIUS Act Spurs South Korea Stablecoin Strategy, KB Kookmin Files 81 Trademarks
Key Takeaways South Korean lawmakers have made stablecoin regulation a priority. Banks in the country are…
U.S Neobank Slash Debuts Stablecoin with Stripe's Bridge for Global Business Payments
Slash, a San Francisco-based neobank for businesses, launched a payments and treasury platform powered by a…
GENIUS Act Could Limit Stablecoin Appeal Amid Tokenization Boom
The recent passage of the US GENIUS Act was widely celebrated as a major step forward…
HK Stablecoin Stocks Drop on New Rules, Experts Approve
Stablecoin companies operating in Hong Kong posted double-digit losses on Friday amid local regulatory shifts and…
Earnings Miss, Stablecoin Revenue Up
Shares of Coinbase Global (COIN) plunged in after-hours trading Thursday after the crypto exchange missed Wall…
Tether-Focused Blockchain Stable Raises $28M to Power Stablecoin Payments
Stable, developer of a new blockchain built around Tether’s USDT, said it raised $28 million in…
Hong Kong Releases Guidance on Strict Rules for Stablecoin Issuers
The Hong Kong Monetary Authority (HKMA) released guidance on Tuesday for stablecoin licensing, outlining strict capital,…