Federal Reserve Chair Jerome Powell supports the bipartisan Lummis-Gillibrand Payment Stablecoin Act, aiming to regulate US dollar-linked stablecoins by year-end. The bill seeks to enhance transaction stability and security, despite concerns from Coin Center about innovation impacts. #CryptoRegulation
Terra Classic developer Till Z released the v3.1.0 update to enhance $LUNC staking by diverting 10% of Oracle pool rewards. LUNC staking nears an all-time high with 1 trillion staked and a 20% increase in futures open interest. Trading volume up 40%. #Crypto #Update
PayPal’s USD-backed stablecoin, PYUSD, has surpassed $500 million in market cap. Launched in August 2023, its rapid growth on Ethereum and Solana networks, and backing by U.S. Treasury bonds, have bolstered investor confidence. PYUSD now ranks among the top 10 stablecoins. #CryptoNews
Tether partners with Vietnam Blockchain Association to boost blockchain and AI education in Vietnam. Initiatives include five conferences in major cities and the UniTour program for students. Vietnam ranks third in global crypto markets, with 17% population involvement. #BlockchainEducation #Update
Tether (@Tether_to) stops issuing $USDT on Algorand and EOS to focus on Ethereum, Tron, and Solana. Current holders can redeem tokens for the next 12 months. This move aims to enhance security and efficiency. #Blockchain #CryptoNews
Circle launches its MiCA-compliant, euro-backed stablecoin (EURC) on Coinbase’s layer-2 blockchain, Base, to enhance market presence in Europe. EURC joins $USDC, leveraging MiCA regulations for faster, cheaper transactions. #Update #Crypto #Stablecoin
Ronin Network integrates PHPC, a peso-pegged stablecoin, approved by the Central Bank of the Philippines. In collaboration with @coinsph, PHPC aims to make remittances affordable and is now active on Coins.ph and Ronin Wallet. Plans include listing PHPC/RON on Katana. #Crypto #Update
PHPC stablecoin, tied to the Philippine Peso, is now on Ronin, allowing blockchain game players to use in-game earnings for local transactions. @coinsph and @Ronin_Network enhance gaming finance in the Philippines. #CryptoUpdate
Justin Sun announces @TRONfoundation’s fee-free stablecoin transfers launching Q4 2024. Initially on TRON, expanding to Ethereum. With $58B in stablecoin capitalization, this move could boost adoption. TRON leads P2P payments with nearly double Ethereum’s transactions. #CryptoNews
Tron’s @justinsuntron to launch gas-free stablecoin transfer solution on Tron in Q4 2024, expanding to Ethereum and other blockchains. This could cut transaction costs and boost stablecoin adoption. #CryptoNews #Stablecoins #Update
Two Hong Kong kidnappers arrested after demanding a $660,000 USDT ransom for a child abducted in Tseung Kwan O. The boy was rescued by police. This case highlights rising crypto-related crimes and the need for better security. #Update
Two medical company employees from China and America were kidnapped and murdered in the Philippines, with criminals demanding a 2.4M $USDT ransom. Victims found 500 km from Manila showed severe torture. FBI involved. Highlights risks in crypto-related crimes. #Update
In 2025, the U.S. will introduce stablecoin regulations, influenced by political shifts. Key figures warn against overregulation to avoid stifling innovation and losing talent. EU’s MiCA sets a precedent, but U.S. aims for a unique approach. #CryptoRegulation
MiniPay’s new Pockets feature allows users in Nigeria, Kenya, South Africa, and Ghana to swap stablecoins like $USDT and $USDC with one click. This upgrade, in partnership with Mento Labs, simplifies transactions and supports Web3 adoption. #Update
