Token Terminal recently shared insights on the potential of EUR stablecoins, emphasizing their growing market opportunity. The tweet highlights that on-chain EUR …
Stablecoin
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Traders scanning the order books got a surprise when Compound announced its new decentralized stablecoin, USDS. This announcement came via a retweet …
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Markets
U.S. agencies seek stablecoin customer-ID rules akin to banks in new GENIUS Act pitch
by shayaanby shayaanThe Federal Reserve, Treasury and other regulators have issued a proposed rule that would set identification standards, and it’s now open for …
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Finance
Trace Finance raises $32M for cross-border stablecoin settlement expansion
by shayaanby shayaanStablecoin settlement infrastructure company Trace Finance has raised $32 million in a Series A funding round led by CoinFund. Coinbase Ventures, Jump …
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Following State Street, Fidelity is targeting reserve assets that underpin the expanding stablecoin market. www.coindesk.com
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Regulation
Nigeria’s Stablecoin Surge Strains Monetary Policy as Naira Weakens
by shayaanby shayaanThe International Monetary Fund (IMF) has raised concerns that Nigeria’s rapid adoption of dollar-pegged stablecoins is testing the limits of the country’s …
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Markets
U.S. senators urge Treasury not to leave states out of GENIUS Act stablecoin process
by shayaanby shayaanSenators led by Republican Cynthia Lummis are insisting the Treasury Department ensure states get a process to prove their ability to supervise …
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TL;DR Sui reportedly handled around $65 billion in stablecoin transfers in a five-day stretch after its gasless stablecoin update. The update reduces …
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State Street has launched a government money market fund tailored for stablecoin issuers as new U.S. regulations begin to define how reserve …
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MassPay Holdings LLC and Coinbase announced a strategic partnership to expand stablecoin-based payouts for businesses around the world. The integration combines MassPay’s …