Catenaa, Monday, March 17, 2025 – Aave DAO is moving forward with a proposal to launch a new yield-bearing “savings” version of its GHO stablecoin, aiming to expand the use cases of its token while attracting more users. The proposal, submitted by the Aave Chan Initiative, seeks to create sGHO, a low-risk savings product that […]
Catenaa, Thursday, May 29, 2025-Alpaca Finance, a once-prominent decentralized finance protocol on BNB Chain, announced Monday it will shut down operations after four years, citing prolonged financial pressure and the recent delisting of its token from Binance as key factors in its decision. The announcement triggered a steep selloff of its native ALPACA token, which […]
Catenaa, Friday, February 28, 2025-Bank of America is considering launching a stablecoin tied to the US dollar, CEO Brian Moynihan said Tuesday, contingent on regulatory approval. Speaking at the Economic Club of Washington, DC, Moynihan acknowledged the growing role of stablecoins in the financial sector. “It’s pretty clear there’s going to be a stablecoin,” he […]
Catenaa, Friday, May 30, 2025- Stablecoin issuer Circle disclosed it paid nearly $100 million to acquire tokenization platform Hashnote, according to updated IPO filings with US regulators on Tuesday. The deal, completed in January, had drawn attention when announced but lacked financial details until Circle’s amended S-1 registration was filed with the Securities and Exchange […]
Catenaa, Friday, April 25, 2025-Citigroup (Citi) said Thursday that stablecoin could evolve into a multi-trillion-dollar asset class by 2030, as adoption accelerates amid a shifting regulatory landscape. In a new report, the banking giant estimated that total stablecoin supply may climb to $1.6 trillion by the end of the decade, with a high-end scenario approaching […]
Catenaa, Sunday, March 30, 2025-Custodia Bank and Vantage Bank have introduced Avit, the first US bank-issued stablecoin on a public blockchain, marking a major step in regulated digital payments. The March 25 pilot involved minting, transferring, and redeeming Avit tokens on Ethereum’s ERC-20 standard, demonstrating a fully compliant, bank-backed stablecoin process. Unlike existing stablecoins, Avit […]
Catenaa, Monday, April 21, 2025- Federal Reserve Chair Jerome Powell said Wednesday the central bank may ease restrictions on Crypto-related activities by US banks, signaling a potential regulatory shift as digital assets move closer to the financial mainstream. Speaking at The Economic Club of Chicago, Powell acknowledged years of “failures and fraud” in the crypto […]
Catenaa, Sunday, April 06, 2025- Fidelity Digital Assets, the crypto-focused division of Fidelity Investments, is testing a stablecoin developed in-house, according to sources familiar with the matter. The firm, a $5 trillion asset manager, has not yet announced plans to launch the token to the market. The stablecoin initiative comes as Fidelity also explores the […]
Catenaa, Wednesday, May 21, 2025- Lawmakers in Hong Kong passed landmark legislation Wednesday to establish a licensing regime for stablecoin issuers, becoming one of the first global financial hubs to formalize oversight of fiat-referenced digital assets. The “Stablecoins Ordinance,” passed in its third reading by the Legislative Council, mandates that any entity seeking to issue […]
Catenaa, Tuesday, April 01, 2025-IDA Finance, a Hong Kong-based digital asset firm, has partnered with Japan’s Progmat and other key blockchain companies to develop a stablecoin remittance service aimed at facilitating faster, more efficient cross-border payments between the two regions. The partnership also includes Datachain, a Japan-based blockchain firm, and TOKI FZCO, a cross-chain infrastructure […]
Catenaa, Friday, May 23, 2025-JPMorgan analysts are casting doubt on bullish forecasts that stablecoin supply could surpass $1 trillion within the next two years, even as US lawmakers advance regulatory measures like the GENIUS Act. In a report shared with The Block on Wednesday, analysts led by Nikolaos Panigirtzoglou said expectations of tripling or quadrupling […]
Catenaa, Tuesday, April 29, 2025-Mastercard yesterday announced in a media release it would enable consumers to spend stablecoins and allow merchants to receive settlements in them, expanding its footprint in the growing digital asset space. The payments giant said it is rolling out a “360-degree approach” to stablecoin use, letting consumers pay, earn rewards, and […]
Catenaa, Saturday, May 10, 2025-Senate Democrats withdrew support for a bipartisan stablecoin bill after pressure from Senate Minority Leader Chuck Schumer and Sen. Elizabeth Warren, Politico reported last Sunday (4), casting doubt on the future of the legislation. The reported intervention followed a closed-door meeting last week, where Schumer advised Democratic senators to hold back […]
Catenaa, Friday, May 09, 2025-The US Senate voted Thursday to stall progress on a bipartisan bill aimed at regulating stablecoins, as tensions flared over former President Donald Trump’s deepening involvement in cryptocurrency ventures. The bill remains in limbo as lawmakers continue closed-door negotiations. Senators voted in a procedural cloture move that effectively paused the bill. […]
Catenaa, Wednesdy, March 12, 2025-The US Senate Banking Committee is set to vote this week on a bipartisan stablecoin regulation bill, the GENIUS Act, which aims to enhance consumer protection and clarify the regulatory framework for stablecoins.Introduced by Senators Bill Hagerty (R-TN) and Tim Scott (R-SC), the bill includes provisions on reserve requirements, audits, transparency, […]
Catenaa, Sunday, April 20, 2025-Sky and Spark protocols have allocated $25 million to a Maple Finance lending pool, with plans to potentially double the deployment to $50 million, the teams said last Tuesday. The capital, originating from the Sky stablecoin ecosystem—formerly known as MakerDAO—and its Spark subDAO, is part of a broader effort to deepen […]
Catenaa, Wednesday, April 09, 2025- Sonic Labs has abandoned plans to launch a US dollar-pegged algorithmic stablecoin, opting instead to develop a version tied to the UAE Dirham. This abrupt pivot came just a week after co-founder Andre Cronje revealed the firm’s initial plans for a dollar-pegged stablecoin with annual percentage yields of up to […]
Catenaa, Tuesday, April 29, 2025-Stripe is launching a pilot for its new stablecoin payments product, targeting businesses outside the United States, United Kingdom and European Union, CEO Patrick Collison announced late Friday. Collison said the company has been planning the move for nearly a decade and is now opening the product for testing. The stablecoin […]
Catenaa, Saturday, March 01, 2025-Tether co-founder Reeve Collins is set to launch a new stablecoin, USP, on Ethereum and Solana in late 2025, aiming to challenge market leaders Tether and Circle with a yield-bearing alternative. USP will be backed by real-world assets, including Treasuries and money-market funds, and will generate returns for minters through a […]
Catenaa, Tuesday, May 23, 2025-America’s top banks are in preliminary discussions to form a consortium that would launch a US dollar-backed stablecoin, according to a Wall Street Journal report published Thursday (Yesterday). The venture would involve companies jointly owned by JPMorgan Chase, Bank of America, Citigroup, Wells Fargo and others. Entities involved include The Clearing […]