Tag: Stablecoin

Yala’s Bitcoin-Backed YU Stablecoin Struggles to Reclaim Peg After Exploit

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Yala’s Bitcoin-backed stablecoin YU has failed to regain its dollar peg following an “attempted attack” early Sunday that sent the token plummeting to $0.2046. The Yala team confirmed the incident in a post on X, noting that it “briefly impacted YU’s peg.” The team added that they are working with blockchain security firm SlowMist and other security partners to investigate the breach. “Update: All funds are safe. Bitcoin deposited to Yala remains self-custodial or in vaults, with none lost,” the team wrote in their latest post on X. “We’ve identified…

INGYENES BLOKKLÁNC KONFERENCIA BUDAPESTEN! #blockchain

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Trump says XRP will replace the financial system

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Ethereum : que se passe-t-il ?

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Août est particulièrement mouvementé, l’Ether continue sa hausse et touche les 4800$ avant d’entrer en retracement. Dans cette vidéo, je fais le point sur les 4 moteurs actuels du marché qui canalise particulièrement l’Ether: stablecoins, ETF, trésoreries corporate. On debrief ! 🔗LIENS DE LA VIDEO: LCI, passage sur les stablecoins: L’article de Cryptoast (et Vincent G) sur les supports à suivre: Flux ETF ETH: ETF records: bitmine: EthZilla: Impact Genius act: Decret 401(K): 00:00:00 Introduction 00:01:15 Évolution de la politique américaine 00:03:19…

Validators prepare to pick stablecoin issuer

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One week after opening a contest to decide the issuer of its first native stablecoin, USDH, Hyperliquid is preparing for a validator vote on Sunday to select the winner in what has quickly become one of the industry’s most closely watched community decisions. Hyperliquid, a decentralized exchange for perpetual futures that launched its own layer-1 in November 2024, handled $330 billion in trading volume in July with a team of 11 people. USDH will serve as the platform’s first dollar-pegged asset, providing traders with a stable unit of account and…

Tether Launches USAT Stablecoin for US Market Under Former White House Crypto Czar Bo Hines

Key Notes Former White House Crypto Council Executive Director Bo Hines will lead the new US-regulated stablecoin initiative. USAT will be fully dollar-backed and issued through Anchorage Digital with Cantor Fitzgerald as reserve custodian. Tether’s existing USDT dominates the market with nearly 500 million users and $169.5 billion market capitalization. Tether is launching a new stablecoin called “USAT” that will be “purpose-built to serve the U.S. market and support American regulatory standards” under the leadership of Bo Hines, the former Executive Director of the White House Crypto Council. Hines joined…

Bo Hines To Become CEO Of Tether’s Latest Dollar-Backed Stablecoin

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Tether announced a new dollar-backed stablecoin and said former White House crypto adviser Bo Hines will become CEO of Tether USAT. The new stablecoin will be consistent with the reserve requirements and compliance standards of the recently passed GENIUS stablecoin bill, and will use Tether’s Hadron real-world asset tokenization platform, according to a Friday announcement. Stablecoins recently crossed the $270 billion milestone, according to RWA.XYZ. Tether CEO Paolo Ardoino said: “Tether is already one of the largest holders of US Treasuries because we believe deeply in the enduring power of the…

Chinese Giants Exit Hong Kong Stablecoin License Race

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Chinese internet giants, state-owned enterprises and financial institutions operating in Hong Kong may face restrictions on stablecoin and crypto activities. According to a Thursday report by local news outlet Caixin, mainland Chinese firms operating in Hong Kong may be forced to withdraw from cryptocurrency-related activities. The Hong Kong branches of several state-owned enterprises and Chinese banks are also expected not to participate in the race to obtain a Hong Kong stablecoin license. The news follows reports that HSBC and the Industrial and Commercial Bank of China (ICBC), the world’s largest…

Japan Launches First Stablecoin Credit Card, Is Best Wallet Next?

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Japan is preparing to launch its first stablecoin credit card. Starting in October 2025, ‘Nudge Card’ will be accepted at over 150M VISA merchants worldwide, while Nudge Corporation will accept the Japanese yen-backed stablecoin $JPYC for repayments. Meanwhile, over in South Korea, e-commerce giant, Coupang, is partnering with Tempo to build blockchain rails for stablecoin adoption These developments in the Asian market reflect the broader global race to adopt crypto and blockchain payment systems. Best Wallet is gearing up with its upcoming Best Card, aiming to make everyday crypto transactions…

Toss Takes on Australia, Plans Korean Won Stablecoin Launch

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South Korean fintech unicorn Toss plans to launch a finance superapp in Australia this year, its first overseas expansion, while also preparing to issue a Korean won-based stablecoin once regulations allow. According to a Tuesday Reuters report, Toss CEO Lee Seung-gun said that the firm plans to launch its superapp in Australia this year and expand to other markets too. “We proved in Korea that a startup can compete head-on with entrenched players,” he told the outlet. “A similar model can work globally, especially in countries where users juggle multiple…