Stablecoins pegged to the United States dollar have outpaced Bitcoin as a store of value in developing countries with runaway inflation.
Stablecoin news
The Siam Commercial Bank Public Company, founded in 1907, was the first bank established in the South Pacific country.
The European Securities and Markets Authority acknowledged the legal limitations raised by the European Commission but emphasized the importance of the framework’s initial objectives.
Rapid and efficient humanitarian aid distribution is enhanced through the use of blockchain technology. Mercy Corps CIO Scott Onder explains how.
While MiCA is seen as a net positive for stablecoin regulation, it introduces consolidation concerns, especially among small crypto firms.
Paxos’ goal is to support assets and chains based on customers’ interests and its own end-user preferences, the company said.
More regulatory-compliant stablecoins like RLUSD could benefit mainstream crypto adoption worldwide.
While the UAE central bank has given a significant regulatory nod to a new stablecoin, an FTX customer sued hedge fund Olympus Peak over its alleged profits from the exchange’s meltdown.
The USDT issuer needs ways to deploy billions of dollars in profits, and commodity traders could benefit from expanded credit.
In 2022, the Avalanche Foundation sold 1.97 million AVAX worth $100 million at the time to Terra’s foundation before its collapse. It’s now buying it all back for $45.5 million.