@Tether_to announces $770M in gold reserves backing its XAUT stablecoin, emphasizing security and transparency amid industry scrutiny. Each XAUT represents ownership of Swiss-held gold bars. #Update #Crypto $XAUT (+4) ↗
The stablecoin market added $4.58 billion in one week, reaching a valuation of $239.108 billion, just shy of the $240 billion milestone. #Update #Crypto (+3) ↗
@Stripe CEO Patrick Collison confirmed the development of a stablecoin product following their $1.1 billion acquisition of Bridge in October 2024. #Update #Crypto (+6) ↗
@Stripe is developing its own stablecoin, powered by Bridge, to enhance dollar access for international firms. Testing begins soon, marking a significant move in the crypto space. #Update #Crypto (+6) ↗
@PayPal plans to offer 3.7% yield on its stablecoin $PYUSD to boost usage, with rewards paid monthly in PYUSD for PayPal and Venmo users. #Update #Crypto $PYUSD (+4) ↗
U.S. endorsement of cryptocurrencies and dollar-based stablecoins has reportedly sparked tensions between the European Commission and the ECB, raising regulatory concerns. #Update #Legal (+4) ↗
Russia’s Finance Ministry proposes developing stablecoins pegged to various currencies after USDT wallet blockages, aiming to ease fund transfers amid Western sanctions. #Update #Crypto $USDT (-3) ↘
@StanChart estimates stablecoin supply could rise ten-fold by 2028 if the GENIUS Act passes, predicting a $2 trillion market. #Update #Crypto (+4) ↗
Stablecoin trading volumes in Argentina surged 100% after currency controls ended, with buyers driving exchange rates higher by Saturday. #Update #Crypto (+4) ↗
The U.S. Securities and Exchange Commission’s clarification on stablecoins as non-securities allows businesses to operate without stringent securities regulations. #Update #Legal $USDC (+3) ↗
U.S. Treasury Secretary Scott Bessent announced a regulatory shift towards blockchain and digital assets at the Bankers Association Summit, signaling potential fintech dominance. #Update #Crypto (+6) ↗
The Brazilian government’s proposed rules to ban stablecoin self-custody are ineffective, as citizens will likely circumvent these restrictions. #Update #Legal #Crypto (-3) ↘
Hong Kong Finance Minister Paul Chan announces stablecoin legislation and ETF staking guidelines at the Web3 Festival 2025, signaling regulatory advancements in crypto. #Update #Legal #Crypto (+6) ↗
Tron founder @justinsuntron claims First Digital Trust’s $456M unauthorized transfer is worse than FTX’s collapse, sparking major concerns in the crypto community. #Breaking #Crypto $TUSD (-9) ↘
