The Benefits of Assets Tokenization

We need to start thinking of blockchains as infrastructure for financial innovation rather than concentrating on the prices of a few digital assets, like bitcoin and ether, says WisdomTree’s digital of digital assets, Benjamin Dean.

Coinbase to store more of its $220 million USDC holdings on Base

Coinbase said that it will store a greater amount of USDC on its Base network on March 26. Max Branzburg, Vice President of Product, announced the change on X. He wrote : “Going forward, Coinbase is going to be storing more corporate and customer USDC balances on Base.“ Branzburg said the change will allow Coinbase… Continue reading Coinbase to store more of its $220 million USDC holdings on Base

Tether enters AI race with pledge to build open-source LMMs to combat Big Tech

Tether, the company behind the world’s largest stablecoin USDT, has announced a strategic expansion into artificial intelligence, as reported by the company on March 26. With a market cap of $104 billion, Tether aims to lead the development of open-source, multimodal AI models and integrate AI solutions into market-driven products. The move comes amid growing… Continue reading Tether enters AI race with pledge to build open-source LMMs to combat Big Tech

Binance ends Tron USDC support as it faces blockade in the Philippines

Crypto exchange Binance said it would end support for Tron network-based USD Coin (USDC ) stablecoins by April 5, according to a March 25 statement , following recent news Circle is pulling out of the Tron blockchain entirely. Consequently, Binance users have less than two weeks to withdraw their assets or convert them to USDC… Continue reading Binance ends Tron USDC support as it faces blockade in the Philippines

US Lawmakers believe crypto regulation could become law by Election Day

Congressman Patrick McHenry and Senator Cynthia Lummis recently expressed optimism regarding the passage of critical crypto legislation  before the upcoming election in November, according to media reports on March 20 . Speaking at a Coinbase event, McHenry highlighted the positive shift in legislative prospects, particularly in the wake of leadership changes within the House Republicans.… Continue reading US Lawmakers believe crypto regulation could become law by Election Day

UK FCA to recover $8 million in costs via fees placed on stablecoin issuers, custodians

The UK Financial Conduct Authority (FCA) announced that it intends to recover the equivalent of $8 million in costs stemming from the supervision of stablecoins and crypto, according to a March 19 release. The funds will be recovered in the form of fees placed on stablecoin issuers and digital asset custodians. The regulator mainly plans… Continue reading UK FCA to recover $8 million in costs via fees placed on stablecoin issuers, custodians

OKX removes USDT pairs in Europe as new stablecoin regulations loom

Crypto exchange OKX is reportedly delisting Tether (USDT) pairs in the EU and will only support USDC and Euro-based stablecoin pairs, according to a message sent to a customer on March 18. The move comes days after the EU released draft technical standards related to stablecoins, which are set to come into effect from June.… Continue reading OKX removes USDT pairs in Europe as new stablecoin regulations loom

USDM emerges as Cardano inaugural fiat-anchored stablecoin in a buoyant market

The Cardano blockchain has welcomed its first fiat-backed stablecoin with the introduction of the USDM by Mehen Finance on March 17. According to the project: “USDM will slowly be arriving on-chain the week of the 18th.” The launch of this stablecoin comes almost two years after the release of its white paper . Matthew Plomin,… Continue reading USDM emerges as Cardano inaugural fiat-anchored stablecoin in a buoyant market

Tether collaborates with FBI to recover $1.4 million in scam targeting seniors

Stablecoin issuer Tether collaborated with the US Department of Justice and the Federal Bureau of Investigation (FBI) to seize $1.4 million USDT associated with a tech support scam network, according to a Mar. 12 statement . The fraudulent scheme targeted vulnerable elderly individuals through deceptive pop-up advertisements. These misleading ads falsely alerted victims to compromised… Continue reading Tether collaborates with FBI to recover $1.4 million in scam targeting seniors

BitMEX co-founder believes this stablecoin could flip Tether one day

Ethena, the protocol powering the USDe synthetic dollar, raked in $6.53 million in fees over the last 24 hours, cementing its position as the top fee-generating decentralized application (dApp) in the crypto space, according to data from DeFillama. Seraphim Czecker, Ethena Labs’ Head of Growth, shared insights from Token Terminal, affirming the project’s remarkable milestone.… Continue reading BitMEX co-founder believes this stablecoin could flip Tether one day