Tag: Stablecoin
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.
BOE Governor’s Stablecoin Warning Sparks Debate Over Financial Innovation
Reading time: < 1 minuteBank of England Governor Andrew Bailey has warned against private stablecoin issuance, arguing that tokenizing bank deposits is a preferable path for financial institutions.
RLUSD Stablecoin Soars to $500M as Ripple Eyes Banking Charter
Reading time: < 1 minuteRipple’s RLUSD stablecoin has eclipsed $500 million in market cap within seven months of launch, signaling strong demand for the dollar-pegged asset.
Hong Kong’s Stablecoin Licensing Push: What to Expect in 2025
Reading time: < 1 minuteHong Kong’s upcoming stablecoin licensing regime, effective August 2025, could see its first approvals before year-end—but only for a small group of issuers, Financial Services Secretary Christopher Hui told Ming Pao.
Celsius Cleared to Sue Tether Over $4.3B Bitcoin Liquidation
Reading time: < 1 minuteA New York bankruptcy judge has given Celsius Network the go-ahead to sue Tether for $4.3 billion.
Circle Files for OCC Banking Charter, Expanding Crypto-Fiat Infrastructure
Reading time: < 1 minuteCircle Internet Group has submitted an application for a national bank charter under the US Office of the Comptroller of the Currency (OCC), according to Reuters.
South Korea Suspends CBDC Trials as Stablecoins Take Priority
Reading time: < 1 minuteSouth Korea’s central bank has paused its digital currency tests amid government efforts to regulate stablecoins.
