FDIC Urged on Crypto Stablecoin Coordination
The U.S. Government Accountability Office urges the FDIC to enhance coordination on crypto and stablecoin risks, highlighting fragmented oversight in Washington. #Update #Crypto
Stablecoins
Related to cryptocurrencies pegged to stable assets like fiat currencies or gold to reduce volatility.
Tether Gold Launches Dedicated Options Market
@Bybit_Ins has launched options trading for Tether Gold ($XAUT), enabling hedging and speculation on gold price movements, settled in USDT. #Update #Crypto $XAUT
Tether Launches Major Upgrade for QVAC AI
@Tether enhances its QVAC SDK with local video generation and BCI capabilities, promoting data privacy and reducing cloud reliance. The update supports robotics models and desktop AI development. #Update #Crypto $USDT
UFC Fighters Earn Full Bonuses in USD1 Stablecoin
UFC fighters at the White House UFC Freedom 250 event received $250K in performance bonuses paid in USD1 stablecoin from @WorldLibertyFin, boosting USD1’s market cap by over 1% to $4.41B. #Update #Crypto $WLFI
Stablecoin Rewards Boost White House UFC Contest
@WorldLibertyFinancial’s USD1 stablecoin is now 93% utilized, affecting retail depositors’ withdrawals. The company repaid $25M and minted an equal amount while facing litigation with Justin Sun. #Update #Crypto $USD1
Sui Blockchain Surges $65B Stablecoin Volume
Mysten Labs’ Sui blockchain sees $65B in stablecoin settlements since June 10 after removing transaction fees, aiming to boost market adoption with private transactions. #Update #Crypto $SUI
CBDC Boosts Latam’s $1.5T Stablecoin Economy
Brazil’s Chamber of Deputies advances Bill 4212/25 to limit Central Bank CBDC powers, protecting economic freedom and privacy. #Update #Legal
Tether Circle Under Pressure from New Stablecoins
Rob Hadick of Dragonfly predicts USDT and USDC will lose stablecoin dominance as Paxos, Agora, and fintechs expand in payments and compliance. #Update #Crypto $USDT
XRP Ledger Boosts Stablecoin Settlement Expansion
Ripple and Bitso integrate MXNB and RLUSD stablecoins on XRP Ledger for enhanced cross-border settlement, targeting the U.S.-Mexico corridor. #Update #Crypto $XRP
Stablecoin Battle Shifts to Digital Dollar Control
Washington’s GENIUS Act prohibits stablecoin issuers from paying holders interest, reshaping the digital dollar’s economics and concentrating yield capture among intermediaries. $USDC and $USDT are affected. #Update #Crypto $USDC
XRP Ledger Launches Peso-Backed MXNB Stablecoin
@Bitso is integrating its MXNB stablecoin on the XRP Ledger with Ripple’s support for US-Mexico enterprise payments, enhancing cross-border transactions valued at $935.1 billion in 2024. #Update #Crypto $XRP
Stablecoin Landscape Shifts Beyond Winners
@Sygnum reports banks are integrating stablecoins and tokenized assets to meet institutional demand for multi-asset flexibility, focusing on interoperability under a trusted regulatory framework. #Update #Crypto $USDC
Stablecoin Payouts Expand with Coinbase Partnership
@MassPay and @Coinbase partner to enhance stablecoin cross-border payouts, reducing costs by 40%-70% and enabling nine-figure payouts in the first year. #Update #Crypto $USDC
Stablecoin Payouts Expand with Coinbase Partnership
@MassPay and @Coinbase have partnered to enable stablecoin cross-border payouts, reducing costs by 40%-70% compared to traditional methods. The companies expect nine-figure payouts in the first year. #Update #Crypto $USDC