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, 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, 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, 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, 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, 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, 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, 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 […]