Tag: Stablecoin
SEC Closes Investigation into PayPal’s Stablecoin
Reading time: < 1 minuteThe US Securities and Exchange Commission (SEC) has wrapped up its investigation into PayPal’s stablecoin, PYUSD, without any enforcement action.
Abu Dhabi Plans to Launch a Dirham-backed Stablecoin
Reading time: < 1 minuteAbu Dhabi’s sovereign wealth fund ADQ, conglomerate IHC, and First Abu Dhabi Bank (FAB), the UAE’s largest lender by assets, announced plans to launch a stablecoin backed by the UAE dirham. This move highlights the Gulf country’s increasing investment in the cryptocurrency sector.
German Regulator Orders Ethena to Suspend Operations
Reading time: < 1 minuteGermany’s financial watchdog has taken its first significant enforcement action under the EU’s new crypto regulatory framework, ordering Frankfurt-based Ethena GmbH to cease operations and liquidate its USDe stablecoin business.
Stablecoin Issuer Circle Files for IPO
Reading time: < 1 minuteStablecoin leader Circle (USDC) is preparing for its Initial Public Offering (IPO). On April 1, 2025, the company filed an S-1 registration statement with the US Securities and Exchange Commission (SEC), setting the stage for its debut on the New York Stock Exchange under the ticker symbol CRCL.
Coinbase CEO Calls for Change in Stablecoin Rules
Reading time: < 1 minuteCoinbase CEO Brian Armstrong has urged US lawmakers to ensure stablecoin legislation enables consumers to earn interest, emphasizing that US policy should not favor banks at the cost of innovation or public benefit.
ICE Plans to Integrate Circle’s Stablecoin
Reading time: < 1 minuteIntercontinental Exchange, the parent company of the New York Stock Exchange, plans to explore using Circle’s stablecoin and tokenized assets to develop new products.
Trump-Backed Crypto Project Eyes Stablecoin Launch
Reading time: < 1 minuteWorld Liberty Financial (WLFI), the decentralized finance protocol backed by US President Donald Trump and his family, confirmed plans on Tuesday to launch a US dollar-backed stablecoin.
Fidelity Announces Plans to Issue a Stablecoin
Reading time: < 1 minuteFidelity, one of the largest financial firms in the US, is set to launch its own stablecoin.
Circle Announces USDC Launch in Japan
Reading time: < 1 minuteCircle is set to officially launch USDC in Japan on Wednesday via SBI VC Trade, a crypto exchange owned by financial conglomerate SBI Group, as the stablecoin issuer aims to expand its presence in the country.
Stablecoin Market Cap Exceeds $230B
Reading time: < 1 minuteThe market capitalization for stablecoins surpassed $230 billion for the first time on Thursday, driven by US regulatory efforts to enhance their adoption.
