Tag: Stablecoin

Tether freezes $85k in stolen usdt, raising new questions about stablecoin control

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Tether, issuer of the world’s largest stablecoin, said on Sunday it had frozen $85,877 in USDt (USDT) tied to stolen funds, acting in “collaboration with law enforcement.” The move has reignited debate over the role of centralized stablecoin issuers in enforcing crypto compliance. The freeze, while relatively minor compared to other such actions by Tether, adds to the company’s growing record of intervention. Tether says it has frozen over $2.5 billion in USDt linked to illicit activity and has blocked more than 2,090 wallets in cooperation with global authorities. Source:…

Chinese blockchain Conflux launches offshore yuan stablecoin

Chinese blockchain Conflux announced the third version of its public network and introduced a new stablecoin backed by the offshore Chinese yuan. According to a report from the Shanghai municipal government on Sunday, Conflux announced the developments during a three-day conference held over the weekend. At the event, Conflux unveiled a partnership with fintech firm AnchorX and information technology security firm Eastcompeace to support the launch of an offshore yuan-backed stablecoin. The news follows AnchorX receiving in-principle approval for its yuan-pegged stablecoin AxCNH by Kazakhstan’s regulator, the Astana Financial Services…

Ripple’s RLUSD Ranked No. 1 Stablecoin by Bluechip With ‘A’ Rating

Ripple’s RLUSD rockets to the top as Bluechip’s highest-rated stablecoin, dominating for unmatched stability, elite governance, and rock-solid backing trusted by global institutions. Bluechip Ranks Ripple’s RLUSD No. 1 Stablecoin for Stability, Governance, and Asset Backing Ripple USD (RLUSD) has surged to the top of Bluechip’s stablecoin rankings, signaling renewed investor confidence in regulated digital […] Source CryptoX Portal

Charles Schwab to Launch Spot Bitcoin, Ethereum Trading and ‘Will Have a Stablecoin’

Key Notes The investment giant plans to offer direct spot Bitcoin and Ethereum trading, moving beyond current ETF-only access. Schwab’s CEO confirmed stablecoin development is under consideration as part of their digital asset expansion strategy. With 37 million active accounts and $10.76 trillion in assets, the firm’s crypto entry could disrupt established exchanges. Charles Schwab Corporation, a top US-based investment firm, signaled its intent to launch spot Bitcoin and Ethereum trading during a July 18 earnings call. The move to expand the company’s digital assets offerings, as first reported by…

The GENIUS Stablecoin Bill Prohibits Yield, ETH Stands to Benefit

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The US fresh stablecoin legislation could create more demand for Ether (ETH) and decentralized finance applications, which are primarily based on the Ethereum network, according to analysts. The GENIUS bill, signed into law by US President Donald Trump on Friday, bans yield-bearing stablecoins, cutting off interest-earning opportunities for institutions and retail traders. This type of stablecoin generates interest or returns for the holder through yield-generating mechanisms, like staking or lending. According to crypto analyst Nic Puckrin, the removal of yield on stablecoins “is great news for Ethereum-based DeFi as the…

Donald Trump Signs Stablecoin Bill Into Law

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US President Donald Trump signed one of the first bills related to crypto and blockchain of his administration into law on Friday after delays due to debates in the House of Representatives and Senate. In a Friday signing ceremony attended by many cryptocurrency company executives and high-ranking Republicans, including Vice President JD Vance and House Speaker Mike Johnson, Trump signed the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act into law. The president acknowledged the support of several crypto figures in attendance, including Kraken co-CEO David Ripley, Gemini…

Crypto Execs Center Stage As Trump Signs Stablecoin Bill Into Law

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US President Donald Trump signed one of the first bills related to crypto and blockchain of his administration into law on Friday after delays due to debates in the House of Representatives and Senate. In a Friday signing ceremony attended by many cryptocurrency company executives and high-ranking Republicans, including Vice President JD Vance and House Speaker Mike Johnson, Trump signed the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act into law. The president acknowledged the support of several crypto figures in attendance, including Kraken co-CEO David Ripley, Gemini…

Crypto Execs To Attend Stablecoin Bill Signing After Thursday Vote

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Update (July 18 at 5:08 pm UTC): This article has been updated to include more information on Circle’s attendance at the signing ceremony, scheduled for 6:30 pm UTC. Several high-profile figures in the crypto and blockchain industry have announced that they plan to be by US President Donald Trump’s side when he signs a stablecoin bill into law on Friday. After delays that looked like they could derail votes on the bills this week, members of the US House of Representatives passed three pieces of crypto legislation on Thursday: the…