Tag: Stablecoin

Coinbase Lists Trump-backed World Liberty Financial USD1 Stablecoin

Key Notes Coinbase added World Liberty Financial USD (USD1) to its asset roadmap. Eric Trump confirmed the development on X, hinting at more imminent news from World Liberty Financial. Additional tokens include assets on Ethereum, Base, and Solana networks. Coinbase announced the addition of World Liberty Financial USD (USD1) to its roadmap, further diversifying its pipeline of potential listings. The Trump-backed stablecoin joins a roster of ERC-20, Base, and Solana-based tokens under consideration, reflecting Coinbase’s ongoing effort to provide broad market exposure. Assets added to the roadmap today: World Liberty…

MetaMask to Launch mUSD Stablecoin on Ethereum and Linea in 2025

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MetaMask, the self-custodial crypto wallet owned by Consensys, said Thursday it will launch a dollar-backed stablecoin called MetaMask USD (mUSD). MetaMask said on Thursday that the stablecoin will be issued by Bridge, an issuance and orchestration platform for stablecoins that was acquired by the payments platform Stripe, and will be powered by the liquidity platform M0.  MUSD will be integrated into the MetaMask wallet, allowing use of the stablecoin across Web3 applications. MetaMask said the stablecoin is designed for cross-chain use through M0’s liquidity network. The stablecoin will debut later…

Trump’s GENIUS Act Sparks China’s Stablecoin Strategy Shift

Key Notes China may approve yuan-backed stablecoins to reduce USD dependency. US dollar-denominated assets currently dominate the $280 billion global stablecoin sector with more than 99% market share. The Chinese government could push yuan adoption at the Shanghai Cooperation Organization summit later this month. Beijing Considers Yuan Stablecoins to Boost Currency Reach China’s State Council is reviewing a roadmap that could authorize the launch of yuan-backed stablecoins, marking a major step in the government’s effort to expand international use of its currency. The plan, expected to be finalized later this…

Informal Systems’ Malachite Acquired by Circle to Power New Arc Blockchain Network for Stablecoin Finance

Informal Systems has announced the acquisition of its high-performance consensus engine, Malachite, by Circle Internet Group, Inc. (NYSE: CRCL) to support the launch of Arc1, a new Layer-1 blockchain network designed specifically for stablecoin finance. The Arc network is set to debut in testnet later this year, leveraging Malachite’s Byzantine Fault Tolerant (BFT) consensus engine, […] Source CryptoX Portal

Tether Hires Former White House Crypto Director to Supercharge US Stablecoin Race

Tether is escalating its U.S. expansion with a high-profile hire from the Trump administration, signaling a bold push to influence stablecoin policy and dominate digital assets. Trump’s Crypto Strategist Joins Tether in Bold Move to Lead US Stablecoin Shift Tether announced on Aug. 19 that Bo Hines has been appointed as Strategic Advisor for Digital […] Source CryptoX Portal

Wyoming Becomes First US State to Launch Its Own Stablecoin: What’s Next?

Key Notes FRNT token launches with 1:1 USD backing and mandatory 2% overcollateralization across seven blockchain networks. Public trading begins through Kraken exchange during early access period following regulatory clearance processes. Wyoming’s crypto-friendly regulations attract major exchanges while global stablecoin adoption accelerates significantly. Wyoming, nicknamed the “Equality State,” has become the first US state or territory to launch its own government-backed stablecoin with the deployment of the Frontier Stable Token (FRNT) mainnet on Aug. 19. According to a press bulletin from Wyoming Governor Mark Gordon, the FRNT token’s mainnet is…

Wyoming Launches First State-Issued Stablecoin FRNT

The Wyoming Stable Token Commission, a body authorized by the US state to issue a stablecoin, announced the mainnet launch of the Frontier Stable Token (FRNT) stablecoin. The FRNT stablecoin is a fully-collateralized digital token backed by short-duration US Treasury bills and US dollars, with a statutorily mandated 102% reserve requirement, the commission said in an announcement on Tuesday. According to CryptoAmerica host Eleanor Terrett, the FRNT is now live on seven blockchains, including Ethereum, Solana, Arbitrum, Avalanche, Polygon, Optimism and Base. “However, due to lingering regulatory hurdles, the token…

US Treasury Calls For Public Comment On GENIUS Stablecoin Bill

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The US Treasury Department has issued a call for comments related to the passage of the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act, signed into law by President Donald Trump in July. In a Monday notice, the Treasury said “interested individuals and organizations” could provide feedback to the government department on “innovative or novel methods, techniques, or strategies to detect and mitigate illicit finance risks involving digital assets.” Treasury officials said the call for comments by Oct. 17 was part of the requirements under the GENIUS Act.…

South Korea Pushes Won-Pegged Stablecoin Bill

Key Notes South Korea’s Financial Services Commission will submit a won stablecoin bill to parliament in October. Meanwhile, the US advanced its Genius Act and Japan is ready with its first yen stablecoin. Eight major banks plan to launch a joint won-pegged stablecoin by 2025–26 as well. South Korea is preparing to introduce legislation that could establish a regulatory framework for a won-pegged stablecoin, marking one of the country’s most ambitious pushes into the digital asset sector. FSC to Submit Stablecoin Bill in October According to local reports, the Financial…

Hong Kong SFC warns stablecoin rules heighten fraud risks

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A Hong Kong Securities and Futures Commission (SFC) official warned that the introduction of the new local stablecoin regulatory framework has increased the risk of fraud. According to an Aug. 18 report by Chinese financial news outlet Zhitongcaijing, Ye Zhiheng, executive director of the intermediaries division at the SFC, said that fraud risks have increased with the recent introduction of stablecoin regulations. He urged investors to exercise caution and avoid making irrational investment decisions driven by market hype or price momentum. Ye’s remarks followed stablecoin companies operating in Hong Kong…