Catenaa, Thursday, June 26, 2025-Eight of South Korea’s largest banks have joined forces to create a won-pegged stablecoin, marking the nation’s first commercial bank-led initiative in digital assets. The consortium includes KB Kookmin, Shinhan, Woori, Nonghyup, Industrial Bank of Korea, Suhyup, Citibank Korea and SC First Bank. Announced Wednesday, the initiative is backed by the […]
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, Tuesday, July 1, 2025-Arizona House of Representatives passed a bill last Tuesday to establish a state-managed cryptocurrency reserve fund using assets seized in criminal cases. The legislation now awaits Governor Katie Hobbs’ signature. House Bill 2324 cleared the chamber with a 34-22 vote, reviving a proposal that failed earlier in May. The bill would […]
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, June 20, 2025- Binance continues to cement its leadership in the cryptocurrency exchange landscape, handling the highest volume of altcoin and stablecoin deposits across Ethereum and TRON networks, according to new data from on-chain analytics firm CryptoQuant. The report shows that Binance remains the dominant player for altcoin inflows, averaging around 13,000 transactions […]
Catenaa, Thursday, June 26, 2025-BitVault announced a $2 million pre-seed funding round from investors including GSR, Gemini, Auros, and Keyrock to launch its Bitcoin-backed stablecoin, bvUSD, and yield-bearing sbvUSD. The protocol will operate on Katana, a new DeFi-focused chain incubated by Polygon Labs and GSR. BitVault’s stablecoins are collateralized by Bitcoin derivatives, offering an institutional-grade […]
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, Saturday, June 07, 2025- Circle Internet Financial, the issuer of the USDC stablecoin, raised about $1.1 billion in its initial public offering Wednesday, selling 34 million shares at $31 each-above its marketed range- marking one of the most dramatic tech IPO debuts of the year. The firm initially targeted $896 million at a $7.2 […]
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, Saturday, June 28, 2025-US fintech giant Fiserv announced Monday plans to launch its own US dollar-backed stablecoin, FIUSD, in partnership with PayPal and Circle. The token is expected to debut by year-end, initially running on the Solana blockchain and integrating with Fiserv’s Finxact core banking platform. The initiative aims to expand digital asset services […]
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, Saturday, June 14, 2025- Hong Kong will implement its new stablecoin regulatory framework starting August 1, 2025, following the ordinance’s ratification on May 30, officials have announced. The law establishes a licensing regime for stablecoin issuers and related service providers operating in the city. Authorities expect the first licenses to be granted by year-end. […]
Catenaa, Tuesday, June 24, 2025-Hong Kong is set to become a global leader in digital asset regulation as its upcoming stablecoin licensing regime is expected to take effect on August 1, providing the city with a strategic advantage in the intensifying race to regulate cryptocurrencies. Paul Chan, Hong Kong’s financial secretary, told a forum Saturday […]
Catenaa, Thursday, June 19, 2025- Chinese e-commerce giant JD.com announced plans to launch global stablecoin payment services to revolutionize cross-border transactions, aiming to cut settlement times to under 10 seconds and reduce costs by up to 90%. The initiative, led by JD.com founder Richard Liu, is part of a broader effort to rejuvenate the company’s […]
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, July 01, 2025-South Korean equity markets soared this week after newly elected President Lee Jae-myung pledged strong support for won-backed stablecoins, triggering investor euphoria across crypto-linked stocks. The Kospi index surged nearly 30 percent year-to-date, marking its best performance in four years and positioning it as Asia’s top-performing market for the first half […]
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, Wednesday, June 25, 2025-Mastercard has announced a landmark partnership with Chainlink to dramatically expand access to cryptocurrencies for more than 3 billion cardholders worldwide, marking one of the most significant institutional endorsements of blockchain infrastructure to date. The collaboration comes amid accelerating momentum for stablecoins and digital asset regulation in the United States. Mastercard […]
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, Monday July 07, 2025- A US bankruptcy court has cleared Celsius to move forward with the majority of its $4.3 billion lawsuit against Tether, the issuer of the world’s largest stablecoin. The legal dispute stems from allegations that Tether improperly liquidated 39,542 bitcoin in collateral before the required 10-hour waiting period elapsed, violating terms […]
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, Tuesday, June 17, 2025-The US Senate is set to vote Tuesday on the GENIUS Act, a major piece of legislation aimed at regulating the fast-growing stablecoin sector, as lawmakers wrestle with concerns over President Donald Trump’s family ties to a leading crypto firm. The Guiding and Establishing National Innovation for US Stablecoins Act advanced […]
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, June 07, 2025- Tether, the world’s largest stablecoin issuer, has made a strategic investment in Shiga Digital, a small Abu Dhabi-based startup focused on blockchain financial services across Africa, the company said Thursday. Shiga Digital provides virtual accounts, over-the-counter trading, treasury management and foreign exchange services to businesses throughout the continent. Though Tether […]
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 […]
Catenaa, June 29, 2025- A majority of South Korean adults plan to increase their cryptocurrency investments, as President Lee Jae Myung’s administration pushes ahead with a regulatory framework to legalize won-based stablecoins. A survey by the Hana Financial Research Institute found that 70% of respondents aged 20 to 59 expect to buy more crypto in […]
Catenaa, Friday, June 06, 2025-Uber is actively studying the use of stablecoins for payments, signaling fresh interest in crypto-enabled transactions, CEO Dara Khosrowshahi said Thursday at the Bloomberg Tech Summit. Calling stablecoins “super interesting,” Khosrowshahi said the company is still in the “study phase,” assessing whether digital assets pegged to fiat currencies could streamline cross-border […]
Catenaa, Thursday, June 26, 2025-Ubyx, a London-based startup founded by ex-Citigroup executive Tony McLaughlin, has raised $10 million in seed funding to develop a global stablecoin clearing system aimed at streamlining the fragmented stablecoin market. The round was led by Galaxy Ventures and backed by Coinbase Ventures, Founders Fund, Paxos, VanEck, and others, the company […]
Catenaa, Sunday, June 29, 2025-The Wyoming Stable Token Commission is aiming to launch the mainnet of its US dollar-pegged WYST stablecoin on August 20, marking a key milestone in the state’s bid to lead in blockchain innovation. The commission disclosed the tentative date during its June meeting but has yet to finalize which of 11 […]