Bank of America CEO Says Bank Will Likely Launch Its Own Stablecoin
The United States Congress said that it would push to pass legislation on stablecoins in the first 100 days of the Trump administration.
Stablecoins
Tether Reports $13B Profit for 2024, With Rising Bitcoin, Gold Prices Contributing
The group also increased its bitcoin holdings last quarter for the first time since March, holding nearly 84,000 BTC worth about $7.8 billion as of year-end.
Tether Brings Its $140B USDT Stablecoin to Bitcoin and Lightning Networks
Stablecoins are increasingly popular for everyday uses like payments, remittances and savings, and Tether’s expansion aims to spur activity to the Bitcoin-based ecosystem.
EU Regulator Urges Nations to Ensure Compliance with Stablecoin Rules Soon
The European Union’s European Securities and Markets Authority wants nations in the EU to make sure that exchanges are complying with its stablecoin rules.
Tether Group to Establish Headquarters in El Salvador in Emerging Markets Push
The stablecoin behemoth is setting up shop for the group and its companies in the nascent crypto hub.
Tether’s Market Value Sees Sharpest Decline Since FTX Crash as MiCA Kicks In
Tether’s market cap has declined by over 1% this week, the steepest drop since the crash of FTX in November 2022.
Stablecoin Market Cap Hits $200B Milestone, Could Double in 2025 as Adoption Accelerates
Asset manager Bitwise sees the stablecoin market growing to $400 billion next year, with U.S. legislation, fintech adoption and global payments driving the growth.
XRP Rallies 10% as Ripple’s Stablecoin Gets Regulatory Approval, CEO Garlinghouse Says
The approval is a necessary step towards the public launch of the RLUSD token, which is currently in test mode on Ethereum and XRP Ledger.
Juiced USDS Yields Woo Solana Traders to Sky’s Stablecoin
Solana traders are quickly embracing the newest stablecoin to join their decentralized finance (DeFi) fray: USDS, issued by Sky (formerly MakerDAO).
Kraken, Tether-Backed Dutch Firm Rolls Out MiCA-Compliant Euro, U.S. Dollar Stablecoins
The issuance comes at a time when the European stablecoin market is poised for a shake-up as regulations for issuers will enter into full force by the end of this year.