USDC Stablecoin Will Run on the Ethereum Arbitrum Scaling NetworkJun 02,2023

Cryptocurrency payment company Circle will launch its USDC-backed stablecoin natively on the Arbitrum network.

Bitcoin Firebrand Michael Saylor Says Banking Establishment Will Oppose CBDCs, Predicts Stablecoin Wind DownMay 30,2023

MicroStrategy CEO Michael Saylor predicts that central bank digital currencies (CBDCs) will face significant challenges amid talks of the US possibly rolling out its own digital dollar.

US House Financial Services Committee Holds Stablecoin Hearing To Discuss Dueling Partisan Regulatory ProposalsMay 20,2023

US officials are hashing out new regulatory proposals on stablecoins in an attempt to establish clarity on the fast-moving technology and asset class.

Stablecoin Issuer Tether’s Q1 Profits Surge to $1.5 BillionMay 11,2023

Tether, the dominant player in the stablecoin market, recently released its Q1 2023 financial report, revealing an impressive net profit

Circle Reveals USDC Stablecoin Redemptions Close to $6 BillionMar 22,2023

Circle's USD Coin stablecoin continues to experience high redemption rates compared to its purchase rates, even after the recovery of

Crypto Platform Huobi Exchanged $100,000,000 USDC for DAI During Stablecoin Depegging Scare: On-Chain DataMar 13,2023

Crypto exchange Huobi converted $100 million worth of USD Coin (USDC) to Dai (DAI) as uncertainty spread in the stablecoin market this weekend, on-chain data shows.

“Banks Are a Risk to Fiat-backed Stablecoins,” Binance CEO SaysMar 12,2023

Changpeng Zhao, the CEO of Binance, the largest crypto exchange, expressed concerns on Twitter today about the safety of stablecoins baked with fiat currencies following the bankruptcy of two prominent banks in the United States.“Banks are a risk to fiat-backed stablecoins,” Zhao tweeted. A Twitter…

Binance USD Stablecoin Gets Booted Off Coinbase Amid Mounting Regulatory PressureFeb 28,2023

San Francisco-based cryptocurrency exchange Coinbase is kicking Binance USD (BUSD) off its platform. Coinbase cited failure to meet its listing standards as the rationale behind the decision to delist the Binance-branded dollar-pegged stablecoin.This comes less than a month after crypto brokerage f…

USP Stablecoin Loses Dollar Peg as DeFi Protocol Platypus Suffers $8.5M AttackFeb 17,2023

The flash loan attack caused Platypus Finance's native stablecoin to fall to 48 cents from $1. The potential loss is $8.5 million, according to blockchain...

Stablecoin Issuer Paxos Categorically Disagrees With SEC’s Notice Alleging That Binance USD Is a SecurityFeb 16,2023

New York-based crypto company Paxos is pushing back against the idea that stablecoin Binance USD (BUSD) is a security.

Stablecoin Market Picks Winners and Losers Ahead of SEC Paxos LawsuitFeb 15,2023

Now, in anticipation of an SEC lawsuit alleging that Binance USD is an unregistered security, Paxos has stopped issuing BUSD tokens.

Here’s Why The Stablecoin And Binance FUD Might Be OverblownFeb 13,2023

Binance CEO Changpeng Zhao (“CZ”) has commented on Twitter about the Department of Financial Services’ (NYDFS) directive to Paxos Trust Co. to stop minting new BUSD. As reported by the Wall Street Journal today, Paxos will continue to manage redemptions of the product.Existing BUSD’s remain fully-b…