Treasury Approves GENIUS Act for Stablecoin Regulations
The U.S. Treasury Department is seeking public input on the GENIUS Act’s stablecoin regulations until October 20, focusing on compliance and oversight issues. #Update #Crypto $USDC
stablecoins
PayPal Launches $1.3B Stablecoin on 9 Blockchains
@PayPal’s U.S. dollar stablecoin, PYUSD, expands to nine new blockchains via LayerZero integration, increasing its supply to $1.3B. #Update #Crypto $PYUSD
Stablecoins Power MoneyGram’s New App Launch
@MoneyGram has integrated U.S. dollar-pegged stablecoins into its mobile app, launching first in Colombia, a key remittance market. The app uses $USDC and Stellar blockchain for transactions. #Update #Crypto $USDC
Stablecoins Defend Against Bank Deposit Fears
@Coinbase’s Faryar Shirzad argues stablecoins do not threaten bank deposits, countering U.S. banking claims and emphasizing their efficiency in payments over traditional banking methods. #Update #Crypto $USDT
Tether Launches USAT Stablecoin with Bo Hines
Tether unveiled a U.S.-regulated stablecoin, USAT, appointing Bo Hines as its head. Anchorage Digital will issue the token, with Cantor Fitzgerald managing reserves. Launch expected later this year. #Update #Crypto $USDT
Native Markets Lead Early Voting for USDH
@NativeMarkets leads early voting for Hyperliquid’s USDH stablecoin with 30.8% stake, while 57% remains unassigned. $BTC at $114,053 (+2.6%), $ETH at $4,373.99 (+2%) #Update #Crypto $BTC
Ethereum Launches Ethena Native Stablecoin
@MegaETH launches native stablecoin USDm with @Ethena to reduce transaction costs on its network, backed initially by Ethena’s USDtb. Ethena’s governance token $ENA rises 7%. #Update #Crypto $ENA
Stripe’s Tempo Blockchain Challenges Libra Legacy
@ChristianCatalini warns that @Stripe’s Tempo and @Circle’s Arc may prioritize commercial success over crypto’s decentralization ideals, potentially replicating traditional finance structures. #Update #Crypto $USDC
Stablecoin Transfers Surge to $5.8B in August
Stablecoin retail transfers hit a record $5.84B in August, with users favoring $BSC over $TRX for low fees. Ethereum’s mainnet transactions surged 81% as costs dropped. #Update #Crypto $USDT
Stablecoins Surge as Businesses Embrace Change
@Stripe CEO Patrick Collison highlights the growing adoption of stablecoins for faster, cheaper payments, citing their use by businesses like SpaceX and DolarApp. Tempo blockchain launched to support these transactions. #Update #Crypto $USDC
Ripple Targets Africa with RLUSD Stablecoin
Ripple launches its USD-backed stablecoin RLUSD in African markets via partnerships with Chipper Cash, VALR, and Yellow Card, aiming to enhance cross-border transactions. #Update #Crypto
Hyperliquid Launches New Proprietary Stablecoin
@Hyperliquid is set to launch its USDH stablecoin, pending validator approval, amid growing demand as the DEX recorded $398 billion in derivatives trading last month. #Update #Crypto $USDH
Stablecoins Surge Supply Hits $244B
Stablecoins hit a record-breaking supply of $244B in May, showcasing significant growth in the cryptocurrency market. #Update #Crypto $USDT (+3) ↗
Tether Focuses Abroad Amid US Regulations
@Tether_to CEO Paolo Ardoino confirms focus on foreign markets as US stablecoin regulation progresses, citing compliance with the Genius Act. Tether stopped serving US customers in 2018. #Update #Legal $USDT (0) →