South Korea to regulate cross-border stablecoin transactions to boost financial stability, contrasting with the EU and Japan’s swift actions. New measures aim to protect monetary sovereignty and could set a regulatory precedent in Asia.
Ripple’s RLUSD stablecoin burns tokens while testing on Ethereum, eyeing a shift to XRP Ledger by 2024. Will this strategic move boost $XRP’s liquidity and utility? Stay tuned for potential market impacts. #Update
Tether’s $USDT celebrates a decade, empowering financial independence in developing nations as a digital dollar. It highlights its role in reshaping the crypto landscape and promises to enhance global financial stability and inclusion. #Update
BBVA partners with Visa to launch a stablecoin by 2025, merging traditional banking with blockchain. This move could influence the financial landscape, showcasing the potential of digital currencies. $BBVA $V #Update
BitGo partners with Anzens and EMURGO to secure Cardano’s USDA stablecoin, enhancing security and functionality. The USDA aims to bridge traditional finance with crypto, offering 1:1 USD redemption and global access via Encryptus.
Matrixport reports a surge in stablecoin issuance, hinting at renewed institutional confidence and a bullish outlook for $BTC. Historical trends suggest this could drive Bitcoin prices higher, regardless of U.S. election outcomes. ?? #Crypto
Circle partners with MHC Digital Group to launch $USDC in Australia and Asia Pacific, aiming to streamline cross-border payments and lower costs for institutions. This expansion highlights Circle’s commitment to global financial innovation. #Update
Tether collaborates with @TheJusticeDept to freeze $6M in crypto tied to Southeast Asian fraud. The effort highlights the importance of partnerships in combating crypto scams and protecting investors. $USDT #Update
Ethena Labs partners with BlackRock to launch UStb stablecoin, backed by BUIDL fund. UStb will be used as margin collateral on exchanges like Bybit and Bitget, offering investors robust security and diversified risk management options.
Ethena Labs launches UStb stablecoin, backed by BlackRock and Securitize. $ENA surged 16% to $0.3659. UStb offers flexible collateral for USDe, addressing risk in varying interest rate environments.
Lucie, Shiba Inu’s marketing lead, confirms that the SHI stablecoin is in development and testing. SHI aims to provide stability for Shibarium, Shiba Inu’s Layer 2 blockchain, pegged at $0.01. This could enhance Shibarium’s decentralized finance capabilities.
Terraform Labs may shut down by October 30, 2024, if third-party negotiations fail. Products like Enterprise Protocol and Station Wallet are up for takeover, while community initiatives will manage Terra Luna Classic. $LUNC price surged 10% this week.
Binance increases $LUNC burns, totaling 64.47B tokens this month. The move boosts LUNC’s price by 3%, indicating growing trader interest and volume. This strategy shift may stabilize and enhance the Terra Luna Classic ecosystem.
USDT’s market cap reached a record $119.1B on Sept 22, commanding 69.16% of the stablecoin market. This marks a 20% growth since March, underscoring its role in the $170B stablecoin sector.
