Tether Welcomes Ex White House Director Bo Hines
@Tether has appointed Bo Hines, former White House Crypto Council Executive Director, as a strategic advisor to enhance its U.S. market presence and policy engagement. #Update #Crypto $USDT
Stablecoins
Related to cryptocurrencies pegged to stable assets like fiat currencies or gold to reduce volatility.
Stablecoin Regulations Spark Fraud Warning in Hong Kong
Hong Kong SFC officials caution that the new local stablecoin framework has increased fraud risks, advising investors to exercise caution amid speculative hype. #Update #Crypto
Stablecoin Launches Nationwide Crypto Payments in Switzerland
Global grocery chain @Spar is launching cryptocurrency payments in Switzerland, partnering with @Binance and DFX.swiss to accept over 100 cryptocurrencies across 300 stores, enhancing retail crypto adoption. #Update #Crypto $BTC
Stablecoin Yield Loophole Faces Closure Request
Several US banking groups, led by the Bank Policy Institute, urged Congress to close a loophole in the GENIUS Act that allows stablecoin issuers to offer yields, risking $6.6 trillion in deposit outflows. #Update #Legal $USDC
Stablecoin Yield Ban Sparks Crypto Controversy
The GENIUS Act’s proposed ban on stablecoin yield could reduce the attractiveness of digital dollars, as tokenization in traditional finance accelerates. #Update #Crypto $USDC
Stablecoin Yield Ban Sparks TradFi Tokenization Surge
The US GENIUS Act bans yield-bearing stablecoins, potentially favoring money market funds, as banks lobby against competition. This may impact stablecoin adoption and market dynamics. #Update #Crypto $USDC
Stablecoin Rules Emerge as GENIUS Stays Vague
The GENIUS Act introduces new stablecoin regulations but lacks clarity on foreign issuers, potentially disadvantaging U.S. companies, according to former CFTC Chair Timothy Massad. #Update #Legal
Stablecoin Investment Soars as WLFI Backs Falcon
@WLFI’s $1 stablecoin will serve as collateral on @FalconFinance, raising regulatory concerns over potential conflicts of interest tied to the Trump family’s involvement. #Update #Crypto $USDT
Stablecoin Launches as Interactive Brokers Enters Crypto
@InteractiveBrokers plans to expand into crypto, potentially launching a proprietary stablecoin for funding brokerage accounts. The firm has over 3.8 million active accounts and is exploring asset transfer support for cryptocurrencies. #Update #Crypto $USDT
XRP Stablecoin RLUSD Surges Among Retail Users
Ripple’s RLUSD stablecoin, initially enterprise-focused, is gaining traction among retail users, with 91% of holders on the XRP Ledger despite 88% issuance on the EVM sidechain. #Update #Crypto $RLUSD
Stablecoin Launches on Anchorage Digital Platform
@AnchorageDigital launches a stablecoin issuance platform in partnership with Ethena for USDtb, compliant under the GENIUS Act, enhancing institutional adoption of stablecoins in the U.S. #Update #Crypto $USDT
Ethereum DeFi Demand Soars After Stablecoin Ban
The GENIUS bill’s prohibition on yield for US-regulated stablecoins may push investors towards Ethereum DeFi alternatives, analysts warn. #Update #Crypto $ETH
Bitcoin Launches RGB Protocol for USDT Integration
RGB Protocol has launched on the Bitcoin mainnet, enabling tokenized assets like $USDT and NFTs, enhancing privacy and decentralization with client-side validation. #Update #Crypto $BTC
Tether Launders $530M in Crypto Scheme
Iurii Gugnin charged with laundering $530M via @EvitaPay using $USDT, facilitating transactions for sanctioned Russian banks. Faces 22 counts, potential 30 years per charge. #Breaking #Legal $USDT