US Stablecoin Rules Bolstered by GENIUS Act Revision
Summary
Strengthened Stablecoin Regulations: The revised GENIUS Act enhances U.S. rules for stablecoins, especially those issued internationally, requiring agreements with other…
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Binance Shuts Down P2P Cash Zone: Stablecoin Supply in Question
Summary
Binance will shut down its P2P Cash Zone by March 31st, a service allowing in-person crypto trades, as part of a strategic refocus on core services, potentially impacting…
Metro Retail Store Launches Stablecoin Payments in Singapore
"We're designing the future by incorporating stablecoin payments," a Metro Store official allegedly claimed.
Summary
• Metro, a publicly traded department store chain in Singapore, has…
Waller Believes Banks and Non-banks Should Create Stablecoins
Additionally, Governor Christopher Waller of the Federal Reserve expressed his confidence in the private sector's ability to create stablecoin solutions.
Summary
Governor Christopher…
Together, Ripple and Chainlink transform DeFi with RLUSD
In order to bolster its stablecoin RLUSD in the DeFi markets, Ripple partners with Chainlink. RLUSD becomes a crucial component for dependable and quick transactions on the Ethereum and XRP…
SpaceX employs stablecoins to facilitate Starlink payments
As reported by ShibDaily, Chamath Palihapitiya recently disclosed on the All In podcast that SpaceX is employing stablecoins to coordinate payments and reduce foreign exchange risks for its…
Tether allocates $775 million to its video-sharing platform
Tether has disclosed a $775 million strategic investment in Rumble, a video sharing platform, mere weeks after the latter announced its intention to incorporate Bitcoin into its balance…
Brazil is considering prohibiting stablecoin withdrawals from self-custodial accounts
Withdrawals of stablecoins to self-custodial wallets, such as MetaMask, may soon be banned in Brazil, the country with the second-largest stablecoin market.
In conjunction with the…
Binance Responds to BFUSD Concerns and says No Stablecoin, No Launch as of Yet
Binance stated that BFUSD is not a stablecoin and has not yet been launched, thereby dispelling misconceptions regarding its high annual percentage yield (APY) of 19.55%.
Binance has…
FDUSD Stablecoin is Scheduled to Launch on Solana (SOL)
FDUSD, a stablecoin that First Digital Labs intends to introduce on the Solana blockchain in December 2024, will improve the pace of global transactions and decrease fees.
During Binance…
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