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 […]
Mastercard and Circle Allow Stablecoin Transactions in EEMEA Region
Mastercard and Round have teamed up to facilitate payments for USDC and EURC in the Eastern Europe, Middle East, and Africa (EEMEA) regions. This effort aims to enhance digital trade in emerging markets, enabling institutions to acquire and settle transactions using these stablecoins, the companies announced on August 26. “Trust is vital for growth, and […]
Banking Industry Opposes Gap in Stablecoin Legislation
Banks are reportedly initiating efforts to close perceived loopholes in the newly enacted Stubcoin Act. Industry organizations such as the American Bank Association, Bank Policy Research Institute, and Consumer Banks Association have noted that some cryptocurrency platforms contain provisions that might allow Stablecoin holders to earn interest indirectly, as detailed in a report from the […]
Following a Significant House Vote, Trump Signs GENIUS Act, Changing Stablecoin Regulation
Trump’s Push for Cryptocurrency Regulation in 2024 Campaign President Donald Trump is highlighting advancements in cryptocurrency regulation as a central aspect of his 2024 campaign. Shortly after taking office, he issued a Presidential Order that encourages the federal government to adopt policies aimed at strengthening U.S. leadership in digital assets while ensuring economic freedom. This […]
MetaMask Launches Stablecoin in Collaboration with Stripe’s Bridge
Metamask Launches USD Stablecoin Initiative Metamask USD, or MUSD, has been introduced by a collaboration between the stablecoin publication platform and Stripe’s Stablecoin Division, along with M0. This news emerged through a press release on August 21, highlighting their goal to enhance decentralized stablecoin infrastructure and liquidity. Zach Abrams, co-founder and CEO of Bridge, mentioned […]
MetaMask’s stablecoin strategy will also serve as a source of income, according to an executive.
Metamask’s Future with MUSD Metamask plans to leverage the returns generated by MUSD. Supported by M0 Bridge and Stripe Company. Metamask is a bit tight-lipped about its upcoming stablecoin initiatives, particularly how MUSD will serve as a revenue source for them. According to Ajay Mittal, vice president of product strategy at Metamask, “Metamask will gain […]
Crypto Advocates Resist Banking Move to Change U.S. Stablecoin Regulations
The Crypto Industry vs. Wall Street’s Maneuvers The crypto sector is pushing back against efforts by Wall Street bankers who are trying to reshape the regulatory landscape in the U.S. It seems the initiatives could favor traditional banks over newer financial models. On August 19, the Crypto Innovation Council and the Blockchain Association sent a […]
Crypto organizations claim banks are trying to revisit stablecoin regulations.
Two major cryptocurrency organizations have accused banks of attempting to distort the issues surrounding the Stubcoin bill recently signed into law by President Trump. In a letter addressed to leaders of the Senate Banking Committee on Tuesday, the Crypto Council for Innovation (CCI) and the Blockchain Association argued that banks shouldn’t modify the language in […]