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Panama City has greenlighted the use of crypto for city payments, including taxes and permits, marking a major milestone in the global race toward cryptocurrency adoption.
The team behind First Digital USD (CRYPTO: FDUSD) addressed concerns regarding financial stability Wednesday after the dollar-backed stablecoin briefly depegged following allegations of insolvency by cryptocurrency entrepreneur Justin Sun.
Circle Internet Financial, the issuer of the world’s second-largest stablecoin, USD Coin (CRYPTO: USDC), filed a prospectus for an initial public offering with the Securities and Exchange Commission on Tuesday.
An investor with an over-leveraged long bet on frog-themed cryptocurrency Pepe (CRYPTO: PEPE) is now sitting on unrealized losses worth millions of dollars.
Leading stablecoin issuer Circle announced the launch of its USD Coin (CRYPTO: USDC) in Japan on Tuesday through a joint venture with financial conglomerate SBI Holdings Inc. (OTC:SBHGF).<
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Crypto payments firm MoonPay is expanding its footprint in the stablecoin sector with the acquisition of Iron, a developer focused on stablecoin infrastructure.
The House Financial Services Committee held a hearing Tuesday to discuss the need for stablecoin regulation and the harmful impacts of a U.S. Central Bank Digital Currency.
World Liberty Financial Inc. (WLFI), a cryptocurrency venture associated with U.S. President Donald Trump, is grappling with severe financial setbacks following a significant downturn in the crypto market.
The growing strength of stablecoins as a bridge between Web3 and traditional finance could give an edge to markets like Hong Kong, which has its currency pegged to the US dollar (USD), but the Asian financial hub still faces challenges in attracting major blockchain businesses. The Hong Kong dollar's peg to the US currency is seen as a unique advantage for the city, as the majority of stablecoin trading activity happens through cryptocurrencies backed by the US dollar. This can help smooth out b
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