Key Takeaways The U.S. Securities and Exchange Commission (SEC) has ended its investigation into PayPal’s U.S. dollar-pegged stablecoin, PayPal USD (PYUSD), without taking enforcement action. According to a regulatory filing submitted by PayPal on April 29, the company was informed…
Key Takeaways Three of Abu Dhabi’s financial powerhouses are preparing to launch a new digital currency pegged to the UAE dirham. The stablecoin project is being developed by ADQ, the Emirate’s sovereign wealth fund; First Abu Dhabi Bank (FAB), the…
In simple layman’s terms, stablecoins are crypto assets pegged to the U.S. dollar. This is done to ensure price stabilization in the crypto market. However, recent events due to UST and USDD crashes have created a new fear, and the…
Key Takeaways Tether, the issuer of the world’s largest stablecoin USDT, has expanded its Bitcoin holdings in the first quarter of 2025, purchasing 8,888 BTC for approximately $744 million. On-chain transaction data confirms the acquisition, bringing Tether’s total Bitcoin reserves…
Key Takeaways Wyoming has begun testing its state-issued stablecoin, the Wyoming Stable Token (WYST), across multiple blockchain networks, with a full launch expected by July 2025. Governor Mark Gordon and Wyoming Stable Token Commission Executive Director Anthony Apollo provided updates…
Key Takeaways Tether, the issuer of the world’s largest stablecoin, USDT, has frozen $27 million in assets linked to the Russian cryptocurrency exchange Garantex, which had been sanctioned by the European Union. This move has forced Garantex to suspend operations,…
Key Takeaways Leading Crypto exchange Kraken has announced plans to remove support for several stablecoins, including Tether (USDT), across the European Economic Area (EEA) as the European Union’s Markets in Crypto-Assets Regulation (MiCA) takes full effect. The decision aligns with…
Key Takeaways On Tuesday, Circle, announced the acquisition of Hashnote, a prominent issuer of tokenized real-world assets (RWAs). The deal was finalized the same day and unveiled at the World Economic Forum in Davos, Switzerland. Circle has not disclosed the…
Key Takeaways Hong Kong is taking significant steps toward regulating stablecoins with the introduction of the Stablecoins Bill to its Legislative Council. The Stablecoins Bill sets out requirements for stablecoin issuers, outlines conditions for offering stablecoins, and implements marketing restrictions…
Key Takeaways Brazil’s Central Bank (Banco Central do Brasil, BCB) has put forward a regulatory proposal to limit the transfer of stablecoins, such as Tether’s USDt, to self-custodial wallets. Announced on November 29, 2024, the public can provide feedback on…
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