Stablecoin future uncertain as crypto community divided over regulatory hurdles
The crypto community is split on stablecoins’ future, with some expecting growth and others worried about regulatory hurdles in 2025. Stablecoins are everywhere. Wealthy businesses and VCs see them as a silver bullet for companies struggling with outdated payment systems. In countries with high inflation, like Brazil, Mexico, and Colombia, ordinary users are increasingly turning […]
PayPal’s PYUSD stablecoin joins Cardano’s ecosystem
PayPal USD stablecoin expands to the Cardano ecosystem via a new cross-chain bridge by Wanchain. PayPal USD (PYUSD), a stablecoin issued on Solana and Ethereum chains, can now be accessible on Cardano (ADA) through Wanchain’s interoperability solution, according to a press release Wanchain shared with crypto.news. Wanchain chief executive Temujin Louie says the bridge will […]
European Central Bank eyes digital Euro to counter Trump’s stablecoin push
In response to U.S. President Donald Trump’s recent executive order promoting dollar-backed stablecoins, the European Central Bank is emphasizing the need for a digital euro to maintain the competitiveness of eurozone banks. ECB board member Piero Cipollone expressed concerns to Reuters that the U.S. initiative could attract customers away from European banks, underscoring the urgency […]
Taiwan FSC proposes law allowing banks to issue stablecoin
The Taiwan FSC plans to propose a draft law in June 2025, allowing local banks to issue stablecoins tied to the new Taiwan dollar. According to a report from local media outlet Money UDN, the Taiwan Financial Supervisory Commission wants to introduce a draft law covering virtual asset service provision or VASP. One of the […]
Stablecoin inflows to exchanges could push Bitcoin price to ATH
Bitcoin price resumed its bullish trend and neared its all-time high of $108,200 ahead of Donald Trump’s inauguration and after the encouraging U.S. inflation data. Bitcoin (BTC) rose to a high of $105,847, its highest level since Dec. 18, and significantly higher than this week’s low of $82,055. Crypto investors are likely cheering the upcoming […]
Stablecoin for cyber-scammers launches, Sony L2 drama: Asia Express
Marketplace for cyber-scammers launches its own stablecoin, Sony L2 collides with reality, Lazarus stole $650M crypto in 2024. Asia Express. Source link
Tether launches its USDT0 stablecoin on Kraken’s L2 Ink
Tether’s cross-chain stablecoin solution, USDT0, has launched on Ink, the layer 2 blockchain by crypto exchange Kraken. In an announcement on Jan. 16, Ink revealed that Tether had selected it as the first blockchain for the deployment of the omnichain Tether (USDT) expansion and interoperability token, USDT0. The new token is built on LayerZero’s Omnichain […]
XRP price rises as RLUSD stablecoin flips PYUSD on a key metric
The XRP price continued to rise, reaching its highest level in over a month as cryptocurrencies bounced back. Ripple (XRP) climbed to $2.60, extending a recovery that began on Dec. 30 when it bottomed at the psychologically important level of $2. One catalyst for XRP’s rise is the gradual growth of Ripple’s USD stablecoin (RLUSD), […]
Huione, company behind largest illicit online marketplace, launches stablecoin: report
Huione Group, a Cambodian conglomerate linked to the largest illicit online marketplace, has launched its own stablecoin, USDH. The news comes via an Elliptic report and comes despite ongoing scrutiny of its subsidiary, Huione Guarantee, a Telegram-based platform serving cybercriminals in Southeast Asia Elliptic’s research revealed that Huione Guarantee has facilitated at least $24 billion […]
Stablecoin developer Usual faces backlash after changing redeem function
Stablecoin developer Usual is under scrutiny after changing 1:1 redemption mechanism for USD0++, its yield-bearing staked token tied to the USD0 stablecoin. USD0++, the staked version of the USD0 stablecoin by Usual, dropped to $0.92 — 8% below its previous redemption value — after new early exit options triggered a sell-off and disrupted its largest […]
