Key Takeaways Paxos, a U.S.-regulated stablecoin infrastructure provider, has announced plans for USDH, a Hyperliquid-first stablecoin designed to comply with both the U.S. GENIUS Act and Europe’s Markets in Crypto-Assets (MiCA) framework. The company said USDH is “purpose-built to drive…
If Bitcoin is the original idea of digital gold and Ethereum is programmable money, then stablecoins are the quiet workhorses that make decentralised finance possible. They may not generate the same kind of hype, but every serious trader, lender, and…
Key Takeaways Monex Group, a leading Japanese financial services firm listed on the Tokyo Stock Exchange, is preparing to step into the stablecoin arena. Chairman Oki Matsumoto revealed in a recent local media interview that the company is weighing the…
Key Takeaways Ronit Ghose, head of Citi’s Future of Finance, has cautioned that allowing stablecoins to pay interest may trigger a significant shift of funds out of traditional banks, drawing comparisons to the money market boom of the late 20th…
Key Takeaways Japan might welcome yen-backed stablecoins soon. Speculation is rife after reports suggest that the country’s Financial Services Agency (FSA) is gearing up to approve the issuance of yen-denominated stablecoins. As per local media reports, fintech giant JPYC is…
Key Takeaways The Bank of Korea has formally suspended preparations for the second phase of its central bank digital currency (CBDC) pilot, halting a project that had been scheduled to proceed in the final quarter of 2025. Participating banks were…
Key Takeaways South Korean lawmaker Min Byeong-deok, a member of the ruling Democratic Party, has introduced a new legislative proposal aimed at tightening crypto oversight. The proposed bill, titled the “Digital Asset Basic Act,” was unveiled during a press conference…
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…
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…
