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

USDtz to enable private stablecoin transactions on Tezos (XTZ)

Prelude – zkChannels – a layer 2 scaling solution from Bolt Labs building on Tezos, will enable private transactions for USDtz and the whole StableTez token family. This means USDtz will become the first stablecoin to enable private transactions through the use of zkChannels and on-chain privacy amendments. The Haven Protocol , a Monero-based protocol… Continue reading USDtz to enable private stablecoin transactions on Tezos (XTZ)

Banks Likely to Adopt Stablecoins Cautiously Despite Guidance

Banks face a stablecoin conundrum: Build their own projects, with all the overhead that implies, or work with well-placed existing providers.

MasterCard announces support for crypto on its network

MasterCard will allow its almost one billion users to spend cryptocurrencies at more 30 million merchants, although it hasn’t specified which coins will be supported.

StablyUSD (USDS) stablecoin comes to Tezos blockchain

Fintech company Stably has launched USDS, its USD-backed stablecoin that had previously been issued on Ethereum, on the Tezos blockchain , according to an announcement shared with CryptoSlate today. “The decision to issue USDS on Tezos was prompted by high and rising gas costs on Ethereum. In contrast, Tezos has a built-in upgrade mechanism that… Continue reading StablyUSD (USDS) stablecoin comes to Tezos blockchain

Credit Card Companies Should Offer Stablecoin Payments or Be Left Behind: Gartner

Centralized payment firms like Visa, Mastercard and PayPal have an opportunity to offer innovative stablecoin payment networks, the research firm said.

Stablecoin Tether gets minted on Solana blockchain for the first time

The USD pegged stablecoin has been minted on the high-speed blockchain months after announcing Solana as an issuer. USDT comes to Solana Tether, the US dollar-pegged stablecoin, has just been minted on the Solana blockchain, data from its blockchain explorer showed . The move came months after Solana was chosen to be an issuer of… Continue reading Stablecoin Tether gets minted on Solana blockchain for the first time