Tag: Stablecoin
From Crypto King to Convicted Felon: Do Kwon’s Dramatic Fall
Reading time: < 1 minuteDo Kwon, whose TerraUSD project promised financial revolution, will plead guilty to fraud charges after his algorithmic creation spectacularly collapsed in 2022, taking $40 billion of investor money with it.
Paxos Aims for National Charter to Bolster Stablecoin Trust
Reading time: < 1 minutePaxos, the company behind PayPal’s stablecoin, has applied for a federal trust charter to enhance its regulatory standing.
Hong Kong’s Stablecoin Era Begins as Animoca JV Seeks License
Reading time: < 1 minuteA major player is stepping into Hong Kong’s newly regulated stablecoin market. Animoca Brands, alongside banking giant Standard Chartered and telecom leader HKT, has officially started the process to obtain a stablecoin license through their joint venture, Anchorpoint Financial Limited.
With New Pro-Crypto President, KakaoBank Moves into Stablecoins
Reading time: < 1 minuteThe election of President Lee Jae-myung has accelerated South Korea’s crypto adoption—and now KakaoBank is stepping into the stablecoin market.
SEC Updates Stablecoin Rules in Major Crypto Policy Shift
Reading time: < 1 minuteThe SEC has just revised its guidance on stablecoin accounting, signaling a potential cash equivalent status for compliant USD-pegged tokens.
As Stablecoin Competition Heats Up, Visa Expands Crypto Offerings
Reading time: < 1 minuteWith the GENIUS Act accelerating US stablecoin adoption, Visa is stepping up its game—adding PayPal USD, Global Dollar, and Euro Coin to its settlement platform, alongside blockchain networks Stellar and Avalanche.
Hong Kong Tightens Stablecoin Rules to Curb Speculation, Fraud
Reading time: < 1 minuteHong Kong’s Stablecoin Ordinance, set for enforcement on August 1, will criminalize unauthorized promotions of fiat-pegged stablecoins, with penalties including fines and imprisonment.
Anchorage Digital to Issue First Regulated Onshore Stablecoin Under GENIUS Act
Reading time: < 1 minuteIn a landmark development for crypto regulation, Anchorage Digital Bank will issue Ethena Labs’ USDtb—the first stablecoin engineered to comply with the GENIUS Act.
Stablecoin Adoption Grows as Western Union Joins the Trend
Reading time: < 1 minuteFollowing the GENIUS Act’s regulatory clarity, Western Union is the latest financial giant to explore stablecoin integration.
China Tests the Waters with Yuan-Backed Stablecoin via Conflux Blockchain
Reading time: < 1 minuteChina is quietly advancing its digital currency ambitions through blockchain technology, with state-backed Conflux Network leading the charge.
