Tag: Stablecoin

USX Stablecoin Stabilizes After Brief Depeg Triggered by DEX Sell Pressure

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USX, a Solana-native US dollar-pegged stablecoin,ย briefly traded below its peg on decentralized exchanges early Friday after heavy sell pressure overwhelmed available liquidity on Orca and Raydium, prompting issuer Solstice Finance to step in with liquidity support. In an X post on Friday, PeckShieldAlert showed USX briefly trading as low asย $0.10ย in secondary markets before rebounding, a move attributed to isolated trades executed during a period of extremely thin liquidity. Source: PekShieldAlert Aggregated DEX data shows a less extreme move. A 15-minute USX/USD chart from GeckoTerminalโ€™s Orca pool shows USX dipping to…

Solana’s USX Depeg Sparks Fresh Stablecoin Liquidity Fears

Key Notes DeFi protocol Solstice intervened and restored the USX price close to $1 through liquidity injections. Solstice said the de-peg did not affect underlying collateral. It also added that the net asset value is intact and 1:1 redemptions are continuing normally. . USX, the Solana-based stablecoin from Solstice, suffered a major de-peg event with its price dropping as low as $0.1. However, the team behind the DeFi protocol, Solstice, stepped in to address the issue. It has restored the peg to $0.99, as of press time. USX is…

What the $310B Stablecoin Market Reveals About Crypto Adoption

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The hockey stick growth of stablecoin adoption The stablecoin market reached a pivotal milestone on Dec. 12, 2025, hitting $310 billion in total value. That represents a 70% increase in just one year. This growth is not just another cryptocurrency bubble metric; it signals a fundamental shift in how digital assets are beginning to be used globally. To understand why the $310-billion stablecoin market matters, it is first necessary to understand what stablecoins are. Unlike Bitcoin (BTC) or Ether (ETH), which fluctuate based on market sentiment, stablecoins are designed to…

Kyrgyzstan State-Backed Stablecoin to be Listed on Binance

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Kyrgyzstan President Sadyr Japarov said a recently launched stablecoin pegged to the countryโ€™s fiat currency has been listed on cryptocurrency exchange Binance. In a Wednesday X post, Japarov said Kyrgyzstan’s KGST stablecoin, pegged to the som, would contribute to the development of cross-border payments and deepen the countryโ€™s ties to the crypto ecosystem. Binance CEO Changpeng โ€œCZโ€ Zhao wrote on social media that โ€œmany moreโ€ nation-backed stablecoins would be coming to the exchange. Source: Sadyr Zhaparov Zhao began advising the central Asian nation in April as part of an agreement…

Trump Familyโ€™s USD1 Stablecoin Soars By $150M After Binance Yield Launch

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The World Liberty Financial USD (USD1) stablecoin linked to the family of US President Donald Trump gained $150 million in market capitalization on Wednesday after Binance announced a yield program centered around the token. The stablecoinโ€™s market capitalization climbed from $2.74 billion to $2.89 billion on Wednesday after Binance announced its โ€œbooster program,โ€ offering up to 20% annual percentage rate (APR) on USD1 flexible products for deposits exceeding $50,000. The โ€œfirst promotionโ€ was designed to โ€œhelp USD1 holders to maximize their rewardsโ€ and runs until Jan. 23, 2026, with passive…

BC Card Successfully Tests Stablecoin Payments in South Korea

Key Notes BC Card successfully processed stablecoin-based payments for foreign users using existing card infrastructure. The pilot involved Wavebridge, Aaron Group, and Global Money Express, requiring no changes for merchants. Regulatory progress stalled as the Bank of Korea and FSC disagree over bank ownership rules for stablecoin issuers. South Koreaโ€™s BC Card recently completed a pilot that lets foreign users pay local merchants using stablecoins. Tourists converted stablecoins from overseas wallets into digital prepaid cards and spent them at Korean shops without technical glitches or settlement errors. The trial tested…

Bipartisan House Duo Pushes For Stablecoin Safe Harbor

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In the wake of a significant shift in crypto regulation spurred by the new White House administration under President Donald Trump, lawmakers are working on a fresh tax framework aimed at providing clarity and a safe harbor for certain transactions involving stablecoins.ย  Proposed Crypto Tax Framework Representatives Max Miller from Ohio and Steven Horsford from Nevada have drafted a preliminary proposal that seeks to align the tax treatment of cryptocurrencies with that of traditional securities.ย  According to a recent report by Bloomberg, the draft consists of a blend of policy…

JPMORGAN BANK TOKENIZES ON ETHEREUM! BITCOIN PULLSBACK & CRYPTO MARKET STRUCTURE DELAYED!

โ–ถ Coinbase Website: Coinbase.com โ–ถ CEX Website: cex.io Crypto News: Bitcoin price pullsback. JPMorgan Launches Tokenized Money Market Fund on Ethereum. The senate markup on the crypto market structure bill (CLARITY Act) gets delayed. Brought to you by ๐Ÿฆ Learn about iTrustCapitalโ€™s powerful Premium Custody Account (PCA) and tax-advantaged Crypto IRA platforms ๐Ÿ’กGet the (Re)Thinking Crypto Book on Amazon – ๐Ÿ–ฅ๏ธ Learn Crypto with Expert Commentary – Sponsors: ๐ŸŒŸUphold – Signup with Uphold. Terms Apply. Cryptoassets are highly volatile. Your capital is at risk. ๐Ÿ  Propy (PRO) is a blockchain-based…

US Lawmakers Propose Stablecoin Tax Break, Staking Reward Deferral

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US lawmakers have introduced a discussion draft that would ease the tax burden on everyday crypto users by exempting small stablecoin transactions from capital gains taxes and offering a new deferral option for staking and mining rewards. The proposal, introduced by Representatives Max Miller of Ohio and Steven Horsford of Nevada, seeks to amend the Internal Revenue Code to reflect the growing use of digital assets in payments. The draft is set โ€œto eliminate low-value gain recognition arising from routine consumer payment use of regulated payment stablecoins,โ€ per the draft.…

Blockchain Association Rejects Proposal To Widen Stablecoin Yield Restrictions

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure The Blockchain Association led a broad industry push this week, asking Senate Banking leaders to resist efforts that would widen a ban on stablecoin yields beyond what Congress wrote into law. According to the association, the letter was signed by more than 125 crypto and fintech groups and companies and was sent to lawmakers to warn against reinterpreting the new rules in a way that would also bar exchanges and apps from offering rewards tied to stablecoin…