Brazil Bans Online Gambling Venezuela Proposes Stablecoin
Brazil’s ruling party proposes PL-1808/2026 to ban online gambling, imposing fines up to $385M; President Lula remains silent. #Breaking #Legal @BrazilGovernment
Stablecoins
Related to cryptocurrencies pegged to stable assets like fiat currencies or gold to reduce volatility.
Tether Powers $148M Drift Recovery Plan
Drift Protocol partners with @Tether for a $148M recovery plan after a $295M exploit, dropping Circle’s $USDC in favor of $USDT. Treasury urges Congress for stablecoin legal protections. #Breaking #Crypto $USDT
Ethereum Sees $520M Stablecoin Exodus
More than $520M in stablecoins exited Ethereum, signaling liquidity issues amid trader retreat; odds of $ETH hitting $4,000 by April 30 are at 15% YES. #Update #Crypto $ETH
Tempo Launches Stablecoin Zones for Enterprises
@Tempo launches Zones, a private stablecoin execution environment, enhancing enterprise blockchain privacy for payroll and treasury settlements. Available to design partners now. #Update #Blockchain
Stablecoin Transfers Simplified at CoinDesk University
CoinDesk is launching the School of Stablecoins and Agentic Commerce at Consensus 2026 in Miami from May 5-7, offering workshops on stablecoin use cases and AI agents for business leaders. #Update #Crypto $USDC
Stablecoin Yield Delayed as Tillis Holds CLARITY Act
Senator Thom Tillis delays the release of the stablecoin draft from the CLARITY Act, citing no markup on the Senate calendar, prolonging discussions on stablecoin yield clauses. #Update #Legal
Stablecoin Service Launches at Singapore Bank
Singapore Gulf Bank launches 24/7 stablecoin minting on SGB Net, waiving Solana gas and bank fees temporarily to boost adoption. Supports USDC; plans to add USDT, USDe, USDG. #Update #Crypto $SOL
USD Stablecoin Proposal Aims to End Venezuela Controls
Ecoanalitica proposes a stablecoin to address Venezuela’s dollar shortages, with Conexus developing a settlement system. Stablecoins may integrate into banks bypassing Central Bank controls. #Update #Crypto
Tether Funds Drift $148 Million After Exploit
@DriftProtocol secures $147.5M from Tether to relaunch as a USDT-based exchange after a $270M exploit, replacing USDC amid rising stablecoin competition. #Update #Crypto $USDT
Yuan-Based Stablecoin Launches CEO Circle Insights
@Circle’s CEO Jeremy Allaire forecasts a yuan-backed stablecoin within 3-5 years, highlighting Hong Kong’s role in cross-border payments and the evolving tech competition among currencies. #Update #Crypto $USDC
EURAU Stablecoin Launches in DeFi Market
AllUnity expands liquidity pools for its EURAU stablecoin across major DEXs like Uniswap and Raydium, trading against $USDT. #Update #Crypto $USDT
Tether Launches $150M Recovery Program for Drift
@Tether announced a $150 million recovery program for the Drift Protocol following an April exploit, with $127.5 million from Tether and plans to transition to $USDT for settlements. #Update #Crypto $USDT
Tether Offers $127M to Drift Protocol
In early April, @DriftProtocol was hacked, losing $295.7M; Circle did not freeze assets. Tether offered $127.5M for recovery. Attack linked to North Korean hackers using social engineering. #Breaking #Crypto $USDC
Yuan Stablecoin Launch Boosts CRCL Stock
@Circle CEO Jeremy Allaire predicts China may launch a Yuan-backed stablecoin within 3-5 years, enhancing global trade and currency competition. #Breaking #Crypto $USDC