Tag: Issuance

MoonPay, Agora Coalition Challenges Stripe For USDH Issuance

boss

Stripe is facing pushback in its bid to issue Hyperliquid’s planned USDH stablecoin, as a coalition of crypto firms, including MoonPay, Agora and Rain lined up competing proposals alongside Paxos and Frax. In a Friday Discord message, the Hyperliquid team announced it wants to create a “Hyperliquid-first, Hyperliquid-aligned, and compliant USD stablecoin” with the USDH ticker. This was followed by the Native Markets teams submitting the first proposal, which would see Stripe’s stablecoin payment processor, Bridge, issue USDH. Native Market’s proposal promised to contribute “a meaningful share of its reserve…

Sonic Approves $150M Token Issuance for US ETF

Key Notes Sonic community approved a $150M expansion with 99.99% support. Plans include a US-regulated ETF and $100M investment program. 150M new tokens to fund growth, partnerships, and institutional adoption. Sonic S $0.30 24h volatility: 4.9% Market cap: $980.41 M Vol. 24h: $108.68 M , formerly known as Fantom, has taken a bold step toward institutional adoption after its community voted overwhelmingly in favor of a $150 million expansion strategy aimed at breaking into the United States market. The proposal, backed by 99.99% of participants, will fund a $50 million…

Tether Sets $4.9B Net Profit Record Q2 2025, Issuance Hits New Highs

Key Notes Record quarterly earnings of $4.9 billion demonstrate Tether’s dominant position in the expanding stablecoin market. Over $13.4 billion in new USDT tokens were issued during Q2, bringing total circulation above $157 billion globally. Strategic holdings include $127 billion in US Treasuries, positioning Tether among largest private government debt holders. Tether International announced on July 31 a net profit of approximately $4.9 billion for the second quarter of 2025, setting a new company record and highlighting its continued global expansion in the stablecoin sector. The company’s Q2 attestation, conducted…

Bonk.fun Grabs 55% of Solana Token Issuance Share, Drives Buying Pressure on BONK

Shaurya is the Co-Leader of the CryptoX tokens and data team in Asia with a focus on crypto derivatives, DeFi, market microstructure, and protocol analysis. Shaurya holds over $1,000 in BTC, ETH, SOL, AVAX, SUSHI, CRV, NEAR, YFI, YFII, SHIB, DOGE, USDT, USDC, BNB, MANA, MLN, LINK, XMR, ALGO, VET, CAKE, AAVE, COMP, ROOK, TRX, SNX, RUNE, FTM, ZIL, KSM, ENJ, CKB, JOE, GHST, PERP, BTRFLY, OHM, BANANA, ROME, BURGER, SPIRIT, and ORCA. He provides over $1,000 to liquidity pools on Compound, Curve, SushiSwap, PancakeSwap, BurgerSwap, Orca, AnySwap, SpiritSwap, Rook…

Hong Kong Prepares Third Tokenized Bond Issuance, Eyes More Offerings

boss

Hong Kong plans to expand its tokenized bond program, as the government prepares a third batch of tokenized green bonds and signals intentions to make such issuances a regular feature of its debt strategy. Speaking at the Hong Kong Digital Finance Awards 2025, Secretary for Financial Services and the Treasury Christopher Hui confirmed that the government’s upcoming tokenized bond sale builds on the success of two earlier rounds of tokenized green bonds issued in 2023 and 2024. The bonds were recorded and settled on distributed ledger technology, according to a…

Fidelity Highlights Bitcoin’s Ancient Supply Surge as Dormant Coins Outpace New Issuance

boss

Bitcoin’s ancient supply has officially outpaced new issuance for the first time, highlighting a significant market shift emphasized in Fidelity Digital Assets’ new report. According to Fidelity Digital Assets, the accumulation of bitcoin’s ancient supply—coins untouched for over 10 years—has now reached unprecedented levels, surpassing new daily issuance rates. With 566 bitcoins entering this dormant […] Original

Thai SEC Seeks to Update Rules for Utility Token Issuance

boss

Thailand’s Securities and Exchange Commission (SEC) has opened a period of consultation for feedback on rules that would allow exchanges or individuals connected to an exchange to issue utility tokens, according to a Friday statement. Under the proposed rules, exchanges would have to disclose the names of anyone associated with the token issuers, which would assist the SEC in monitoring for signs of insider trading. The plan is part of Thailand’s efforts to establish a regulatory framework for the crypto industry. The country announced in May plans to allow tourists…

Bitcoin’s dormant supply growth outpaces new issuance

boss

For the first time in Bitcoin’s history, the amount of BTC held dormant for a decade or more is now growing faster than the network is producing new coins.  This shift, which began shortly after the April 2024 halving, marks a critical turning point in Bitcoin’s (BTC) supply dynamics, according to a June 18 report by Fidelity Digital Assets. As of June 8, an average of 566 BTC per day is crossing into the “ancient supply” category, meaning the coins have not moved in 10 years or more.  That figure…

Amazon and Walmart Plotting Stablecoin Issuance Moves: Report

Key Notes American multinationals Amazon and Walmart are considering issuing their USD-pegged stablecoins. Taking this route may strain the traditional financial system that relies on these firms. This development signals an increase in mainstream adoption of stablecoins. . The era of stablecoins has successfully reached the doorsteps of top merchandise platforms Amazon.com Inc (NASDAQ: AMZN)  and Walmart Inc (NYSE: WMT). According to the Wall Street Journal (WSJ), both firms are considering the possibility of issuing stablecoins backed by the United States dollar. Handing Liquidity from TradFi to DeFi With Stablecoins With…

SEC Chair Prioritizes Crypto—Trading, Custody, Issuance Rules Incoming

The SEC chair is fast-tracking a comprehensive regulatory overhaul for crypto, aiming to legitimize markets, eliminate fraud, and unlock massive innovation across the digital asset space. SEC Chair Fast-Tracks Crypto — Key Rules Are Coming U.S. Securities and Exchange Commission (SEC) Chairman Paul S. Atkins placed the regulation of digital assets at the forefront of […] Source BitcoincryptoexchangeExchanges CryptoX Portal