469 articles
Five New York officials reportedly said Tether and Circle had been incentivized to not work with law enforcement, allowing them to profit off crimes involving stablecoins.
Eddie Yue Wai-man, chief executive of the Hong Kong Monetary Authority (HKMA), said only a very few stablecoin licenses would be issued initially.
Binance kicked off its $1 billion SAFU conversion into Bitcoin with a $100 million purchase, shifting its user protection fund out of stablecoins and into BTC.
Hong Kong's monetary authority said only a small number of stablecoin issuers will be approved initially, as application reviews near completion.
The stablecoin giant saw sharp growth in its USDT token's supply, and was one of the world's largest U.S. government debt holder with $141 billion Treasury exposure.
The fintech bank reported record quarterly revenue of $1 billion as it reintroduced crypto trading, launched a stablecoin and rolled out blockchain-based remittances.
Representatives from Coinbase, crypto trade groups and banking organizations are expected to meet next week to discuss the treatment of stablecoin rewards.
An official said that Hong Kong authorities would work on a draft framework, and had begun processing license applications for stablecoin issuers and addressing crypto taxes.
Despite crypto’s promise of faster, cheaper transactions, the payments giants aren’t buying the stablecoin pitch, at least not in developed markets.
Stablecoin rewards and the Clarity Act widen the divide between crypto and TradFi, according to people who spoke with the WSJ.
Washington is edging closer to a landmark crypto framework, though disputes over DeFi and stablecoin rewards risk pushing final passage beyond 2026.
Amboss has unveiled RailsX, a Lightning-native platform designed to enable peer-to-peer bitcoin and stablecoin swaps.
