Crypto Companies Seek Looser Regulations on Stablecoin Ownership in the UK
Lobbying for Stablecoin Ownership Changes Cryptocurrency companies are reportedly urging the Bank of England to reassess its ownership limitations regarding stablecoins. Currently, the UK has stricter regulations compared to the US and the European Union, as noted by the Financial Times on September 15th. The Bank of England intends to propose caps on individual stablecoin […]
Native Markets officially adopts the USDH stablecoin ticker from Hyperliquid.
Native Markets Wins USDH Ticker in Community Vote Native Markets has thrown its hat in the ring to issue and manage the US dollar Stablecoin (USDH) through a high liquidity crypto exchange. The community officially approved the USDH ticker on Sunday following a voting process. The proposals included enhancements to the initial USDH project, which […]
Yala’s YU stablecoin does not regain its peg after a supposed attack.
Yala’s Stablecoin Struggles After Attack Yala’s stablecoin, Yu, has faced difficulty returning to its dollar peg following a noted “attempt to attack” that temporarily dropped its value to $0.2046 early Sunday. The Yara team confirmed this incident in a post, stating it had a “temporary effect” on Yu’s peg. They are currently collaborating with blockchain […]
Tether to Introduce a Dollar-Backed Stablecoin Regulated in the US
Tether is gearing up to launch a dollar-backed stablecoin regulated in the U.S. Named USAT, this new stablecoin follows the establishment of the recently announced Stablecoin Law, also referred to as the Genius Act. The goal is to offer companies and institutions a digital alternative to cash and traditional payment methods, as noted in a […]
Tether (USDT) Plans to Introduce a Stablecoin Based in the U.S.
Cryptocurrency company Tether (USDT) has announced plans to introduce a new US-based stablecoin called USAT, specifically aimed at residents in the United States. Increase your investment strategy: Please use it Tipranks Premium is 50% off! It helps you to unlock powerful investment tools, sophisticated data and expert analysts’ insights to invest with confidence. Tether already […]
Tether introduces USAT stablecoin and names Bo Hines, former White House advisor, to head U.S. operations.
Tether Expands in the U.S. Market with New Appointments and Tokens Tether, recognized as the leading stablecoin issuer, has taken a significant step by appointing a new CEO for its U.S. arm and introducing tokens aimed at American institutions. This development underscores Tether’s efforts to engage with regulators, moving past its earlier controversies and establishing […]
Community Banks Need to Rethink Their Business Strategy Due to Stablecoin Challenges
Fintech challengers, including challenger banks, have emerged as significant players, posing a challenge to traditional banks, especially smaller local lenders and credit unions. Over the last ten years, these companies have disrupted conventional lending, fostering innovation among smaller banks. Looking towards 2025, a new player is further intensifying competition: the Stablecoin platform. Originally a niche […]
Hyperliquid: Major Crypto Projects Competing for the USDH Stablecoin
Simply put The project is in a competitive struggle over who will control USDH tickers to develop “highly liquid-aligned” stablecoins. Major players like Ethena, Paxos, Sky, and Agora have put forth their proposals, most of which include plans to benefit the high liquid community. Interestingly, a newer entrant from the native market seems poised to […]
BlackRock Executive Proposes Hyperliquid for Ethena’s Stablecoin Plan
Simply put Esena has submitted a proposal for Hyperliquid’s Stablecoin. USDH is indirectly backed by BlackRock’s tokenized Buidl funds. Ecena channels USDH revenues into the Hyperliquid ecosystem. Ethena Labs, the creator of the Synthetic-Dollar protocol, made a move on Tuesday, entering the USDH sphere and positioning itself as a contender to issue Hyperliquid’s Stablecoin. Currently, […]
M0 Secures $40 Million in Series B Funding for Stablecoin Platform
Simply put M0 has secured $40 million in Series B funding. The company distinguishes between programmatic features and Stablecoin Reserve Management. M0 facilitates the launch of Metamask’s MUSD Stablecoin. Located in Switzerland, Stablecoin Platform M0 announced on Thursday that it raised $40 million in its Series B funding round. This funding round featured participation from […]