US dollar-pegged stablecoin Tether hit its 500 millionth user on Tuesday, according to its CEO …
Stablecoin
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Chinese technology giants, including Ant Group and JD.com, have reportedly suspended plans to issue stablecoins …
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Bitcoin & Ethereum
Alibaba-backed Ant Group and JD.com freeze stablecoin plans after Beijing intervenes: FT
by adminKey Takeaways Alibaba’s Ant Group and JD.com have stopped their stablecoin projects due to instructions …
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In brief Coinbase is launching an all-in-one financial platform for small and medium businesses to …
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Tempo, a blockchain for stablecoin payment processing, just concluded a $500 million fundraising round. With …
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DeFi Ecosystem
Bank of England’s £20,000 stablecoin cap sends ‘terrible signal’ to crypto, says Lord – DL News
by adminThe Bank of England’s stablecoin limits received fresh criticism. Restricting stablecoin use sends ‘terrible signal’ …
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DeFi Ecosystem
Paxos’ $300tn stablecoin blunder sparks confusion amid firm’s trust charter bid – DL News
by adminPaxos accidentally minted $300 trillion of PayPal’s stablecoin. It’s not clear how the firm made …
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Japan’s three largest banking groups are reportedly planning to jointly launch a stablecoin as institutional …
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Three of Japan’s largest banks reportedly plan to jointly issue a yen-pegged stablecoin, contributing to …
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Japan’s largest financial institutions have joined forces to launch a stablecoin pegged to the yen …