Related to cryptocurrencies pegged to stable assets like fiat currencies or gold to reduce volatility.
Circle launches its MiCA-compliant, euro-backed stablecoin (EURC) on Coinbase’s layer-2 blockchain, Base, to enhance market presence in Europe. EURC joins $USDC, leveraging MiCA regulations for faster, cheaper transactions. #Update #Crypto #Stablecoin
Ronin Network integrates PHPC, a peso-pegged stablecoin, approved by the Central Bank of the Philippines. In collaboration with @coinsph, PHPC aims to make remittances affordable and is now active on Coins.ph and Ronin Wallet. Plans include listing PHPC/RON on Katana. #Crypto #Update
PHPC stablecoin, tied to the Philippine Peso, is now on Ronin, allowing blockchain game players to use in-game earnings for local transactions. @coinsph and @Ronin_Network enhance gaming finance in the Philippines. #CryptoUpdate
Justin Sun announces @TRONfoundation’s fee-free stablecoin transfers launching Q4 2024. Initially on TRON, expanding to Ethereum. With $58B in stablecoin capitalization, this move could boost adoption. TRON leads P2P payments with nearly double Ethereum’s transactions. #CryptoNews
Tron’s @justinsuntron to launch gas-free stablecoin transfer solution on Tron in Q4 2024, expanding to Ethereum and other blockchains. This could cut transaction costs and boost stablecoin adoption. #CryptoNews #Stablecoins #Update
Two Hong Kong kidnappers arrested after demanding a $660,000 USDT ransom for a child abducted in Tseung Kwan O. The boy was rescued by police. This case highlights rising crypto-related crimes and the need for better security. #Update
Two medical company employees from China and America were kidnapped and murdered in the Philippines, with criminals demanding a 2.4M $USDT ransom. Victims found 500 km from Manila showed severe torture. FBI involved. Highlights risks in crypto-related crimes. #Update
In 2025, the U.S. will introduce stablecoin regulations, influenced by political shifts. Key figures warn against overregulation to avoid stifling innovation and losing talent. EU’s MiCA sets a precedent, but U.S. aims for a unique approach. #CryptoRegulation
MiniPay’s new Pockets feature allows users in Nigeria, Kenya, South Africa, and Ghana to swap stablecoins like $USDT and $USDC with one click. This upgrade, in partnership with Mento Labs, simplifies transactions and supports Web3 adoption. #Update
Tether halts $USDT issuance on Algorand and EOS, citing security and sustainability concerns. Redemption on these blockchains will continue for 12 months. #CryptoNews #Blockchain
Circle, a crypto payment firm, has released an ad urging U.S. regulators to establish stablecoin regulations. This follows the 2022 Terra collapse and FTX fall. Circle stresses that clear policies can enhance innovation and protect users, helping maintain the U.S. dollar’s global status. #CryptoNews
Tether partners with Turkish crypto firm BTguru to advance digital assets and blockchain in Turkey. The MoU focuses on education, business opportunities, and integrating digital assets into banking. Key initiatives include tokenizing real-world assets and exploring regional payment networks. #CryptoNews #Turkey
Tether partners with BTguru to explore tokenization for Turkish banks amidst new crypto regulations. Turkey exits FATF’s “grey list” for money laundering. Potential $2 trillion market cap by 2030. #Crypto
Paxos Digital Singapore Pte. LTD. has received approval from Singapore’s central bank to offer digital payment token services, enabling them to issue stablecoins. This places Paxos among 19 major payment institutions, in collaboration with DBS Bank. This marks a significant step towards integrating cryptocurrencies into mainstream finance. #CryptoNews
