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The need for the U.S. to implement dollar-backed stablecoins “couldn’t be timelier” as China continues to come up with its own solutions, former House Speaker Paul Ryan stressed.

Stablecoins would help US keep up with China — Former House speaker

United States dollar-pegged stablecoins could alleviate the government’s debt crisis and help the country’s dollar keep up with the Chinese yuan, which has been flexing its muscle in...

3 months ago

Keith Gill, known as Roaring Kitty, buys 4 million more GameStop (GME) shares, increasing his holdings to over 9 million shares worth $262 million.

Roaring Kitty buys another 4M GME stocks, birthing conspiracy theory

Stock trader Keith Gill, famous for his involvement in the GameStop (GME) short squeeze, has bought more shares of GME. Gill, known online as “Roaring Kitty” and &ldq...

3 months ago

Jack McDonald will remain CEO of Standard Custody while also serving in his new role as senior vice president of stablecoins at Ripple.

Ripple Labs closes Standard Custody acquisition deal

Ripple Labs closed its acquisition of Standard Custody, a digital asset custodian, on June 11. The deal, first announced earlier this year, is central to Ripple’s planned rollout of a Unit...

3 months ago

Tether Slams Deutsche Bank’s Stablecoin Warning

Stablecoin Issuer Tether Hits Back Deutsche Bank’s Argument Over its Solvency

In a latest response, Tether, the world’s largest stablecoin, has vehemently criticized Deutsche Bank’s statement, which questioned the sustainability of stablecoins and Tether&rsquo...

4 months ago

The Lummis-GillibrandPayment Stablecoin Act introduced to the Senate could see big banks encouraged to take steps into the stablecoin market, says S&P Global Ratings.

Banks could flood into stablecoins if new bill passes: S&P Global

A new stablecoin-focused bill introduced to the United States Senate could “encourage” U.S. banks to step into the stablecoin market, says global ratings firm S&P Global Ratings....

4 months ago

Decentralized content-sharing platform Solmedia has announced its integration of the Solana blockchain with the latest Filecoin on-chain InterPlanetary File System (IPFS) technology.

Solmedia enhances user experience with Solana and Filecoin integration

The enhancement, supported by Solmedia’s native token MEDIA, enables users to benefit from Solana’s high-speed blockchain infrastructure and Filecoin’s secure decentralized sto...

5 months ago

The European Banking Authority (EBA) has published draft rules outlining the regulatory standards applicable to stablecoin issuers in relation to consumer complaints.

EU publishes final draft rules on complaints handling for stablecoin issuers

EBA worked on the draft regulatory technical standards (RTS) in collaboration with the European Securities and Markets Authority (ESMA). “In order to avoid diverging complain...

6 months ago

The DeFi lending pioneer is poised to launch Phase 1 of its “Endgame” plan, which begins with rebranding, new tokens and scaling its Dai stablecoin.

Maker’s ‘Endgame’ readies launch, aims for 100B DAI to take on Tether

Decentralized finance protocol MakerDAO is preparing for the launch of its highly anticipated “Endgame” transformation that will focus the platform “toward scalable resilience ...

6 months ago

Tether will allow users to move their USDT between blockchains if any of the operated blockchains become unresponsive.

Tether launches recovery tool to migrate USDT between blockchains

Major stablecoin issuer Tether has launched a recovery tool to migrate its Tether USDT $1.00 stablecoin between different blockchains amid USDT hitting a $100-billion market capit...

6 months ago

The largest stablecoin by market capitalization has gotten even larger, with Tether hitting a record $100 billion market cap.

Tether’s USDT stablecoin hits historic $100B market cap

Crypto stablecoin Tether USDT $1.00 has crossed an all-time high market capitalization of $100 billion, posting a 9% year-to-date growth and furthering the gap between its next-la...

6 months ago