Tag: Stablecoin
$57M USDC Frozen as Court Cracks Down on Alleged LIBRA Fraud
Reading time: < 1 minuteIn a major move against crypto fraud, a US court has frozen $57.65 million in USDC tied to the controversial LIBRA memecoin.
Lee Jae-myung Advocates Won-Based Stablecoin to Address Capital Outflows in South Korea
Reading time: < 1 minuteIn an effort to curb capital outflows and enhance financial sovereignty, South Korea’s Democratic Party leader, Lee Jae-myung, has proposed a stablecoin linked to the Korean won.
US Votes in Favor of Key Cryptocurrency Regulation Bill
Reading time: < 1 minuteThe Senate advanced a key cryptocurrency regulation bill on Monday with bipartisan approval, after previously being stalled by unanimous Senate Democrat opposition.
Coinbase Supports Canadian Stablecoin Firm Stablecorp
Reading time: < 1 minuteOn May 13, 2025, Coinbase announced an investment in Stablecorp, a Canadian stablecoin issuer, to enhance access to fiat-backed stablecoins within Canada’s regulatory landscape.
Democrats Block Stablecoin Bill in US Senate
Reading time: < 1 minuteLegislation to establish a framework for payment stablecoins hit a roadblock in the Senate on Thursday, as several Democrats voted against advancing the bill.
Meta to Integrate Stablecoin Payments
Reading time: < 1 minuteMeta is in talks with crypto firms to introduce stablecoins
Tether Increases Exposure to US Treasuries by Over $3B
Reading time: < 1 minuteTether increased its exposure to US Treasuries by over $3 billion between quarters despite a significant year-over-year decline in quarterly profits.
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.
