Europe Prepares for Stablecoin Regulations with MiCA
The European Union (EU) is at the forefront of advancing regulatory measures for stablecoins through its Markets in Crypto-Assets Regulation (MiCA), a comprehensive framework set to take effect on December 30, 2024. This regulation aims to not only provide clarity…
South Korea Tightens Stablecoin Regulations to Enhance User Protection
In recent developments, South Korea has announced a significant tightening of regulations surrounding stablecoins, aiming to fortify user protection in the rapidly evolving digital currency landscape. This strategic initiative aligns with a growing global trend among nations to oversee virtual…
Coinbase Cuts Stablecoins Ahead of EU Regulations
In a significant move reflecting the changing landscape of cryptocurrency regulation, Coinbase recently announced its decision to delist certain stablecoins within the European Economic Area (EEA) by the end of 2024. This step is largely driven by the upcoming implementation…
PayPal Completes First Payment Using PYUSD Stablecoin
In a significant development within the financial technology sector, PayPal has successfully completed its inaugural payment using PYUSD, a USD-pegged stablecoin. This transaction took place with Ernst & Young through SAP’s innovative digital currency hub, marking a pivotal moment in…
Ethereum and TRON Lead Stablecoin Market with 84% Control
In the evolving landscape of digital currencies, Ethereum and TRON have emerged as frontrunners in the stablecoin market, collectively controlling an impressive $144.4 billion, which constitutes nearly 84% of the entire supply. According to recent data from CoinGecko, Ethereum leads…
Fireblocks and Chainlink Labs Join Forces for Stablecoin Solutions
Fireblocks, a leading provider of blockchain infrastructure for digital assets, has teamed up with Chainlink Labs to enhance the issuance and management of regulated stablecoins. Announced on September 17, this partnership aims to deliver a comprehensive solution covering the entire…