Related to cryptocurrencies pegged to stable assets like fiat currencies or gold to reduce volatility.
The European Central Bank’s Piero Cipollone urges the EU to adopt a digital euro to counteract the U.S. push for dollar-backed stablecoins, enhancing global financial stability and competitiveness. #Update #Crypto $EUR (+3) →
@justinsuntron’s @Tronfoundation plans to eliminate stablecoin transaction fees, aiming to boost adoption by absorbing costs within the assets themselves. This initiative will initially launch on Tron and expand to Ethereum and EVM-compatible chains. #Update #Crypto $TRX (+4) ↗
Hong Kong’s Legislative Council held its first meeting on the stablecoin bill since December, aiming to regulate issuers via licensing from the Hong Kong Monetary Authority. The region seeks to strengthen its position as a cryptocurrency hub. #Update #Legal (+3) →
Brian Armstrong, CEO of @Coinbase, stated that the exchange would delist $USDT if required by new U.S. legislation, emphasizing regulatory compliance and customer security at the World Economic Forum. #Update #Legal $USDT (-3) ↘
President Donald Trump vows to block a Central Bank Digital Currency (CBDC) in the U.S., while stablecoin adoption accelerates, potentially reshaping the digital currency landscape. #Breaking #Crypto $USDT (+8) ↗
@Tether relocates its headquarters to El Salvador, @rumblevideo secures a cloud deal with the Salvadoran government, and @nubank expands its USDC rewards program to all Latam customers. #Update #Crypto $USDC (+3) ↗
Howard Lutnick, @CantorFitz CEO and Donald Trump’s Commerce Secretary, faces scrutiny over ties with $USDT issuer Tether amid regulatory concerns raised by Senator Elizabeth Warren. Tether’s operations under investigation for potential AML violations. #Breaking #Legal $USDT (-9) ↘
Tether’s CEO Paolo Ardoino plans a cautious U.S. expansion, investing $775M in Rumble and hiring ex-PayPal exec Jesse Spiro to strengthen lobbying, while launching the USDT0 stablecoin and relocating operations to El Salvador for regulatory benefits. #Update #Crypto $USDT (+6) ↗
Scott Bessent, nominated by President-elect Donald Trump as Treasury Secretary, dismissed the need for a U.S. central bank digital currency (CBDC) during his Senate confirmation hearing, aligning with Trump’s anti-CBDC stance and broader Republican opposition. #Update #Crypto (-3) ↘
@Tether_to has launched the USDT0 stablecoin on @krakenfx’s Layer 2 solution, Ink, enhancing cross-chain compatibility using LayerZero’s OFT standard. This development aims to streamline USDT transfers across blockchains, with plans for broader ecosystem expansion. #Update #Crypto $USDT (+4) ↗
@Tether_to and @LayerZero_Labs announced USDT0, a multichain $USDT stablecoin using LayerZero’s OFT standard for cross-chain transfers, debuting on Kraken’s Ink blockchain. #Update #Crypto $USDT (+6) ↗
A new stablecoin has emerged from a marketplace for cyber-scammers, while @Sony’s Layer 2 solution faces real-world challenges. Meanwhile, the Lazarus Group reportedly stole $650 million in crypto this year. #Breaking #Crypto $BTC (-9) ↘
Bitcoin’s ($BTC) recovery from below $90,000 faces uncertainty as stablecoin supply stalls, suggesting limited fresh capital inflows ahead of crucial U.S. inflation data. This could lead to significant volatility if the data exceeds expectations. #Update #Crypto $BTC (-5) ↘
@Tether_to has announced its relocation to El Salvador after obtaining a stablecoin issuer license, with CEO Paolo Ardoino stating this move will enhance their focus on emerging markets. #Update #Crypto $USDT (+4) ↗
