Tag: Stablecoin

US Crypto Week kicks off with ‘Dictator’ stablecoin amendment on the table

The House of Representatives is set to vote on three crypto-related pieces of legislation before Congress goes on recess. The US House of Representatives is scheduled to consider amendments to three crypto-related bills this week addressing central bank digital currencies (CBDCs), digital asset market structure and payment stablecoins. On Monday, the Republican-led House Committee on Rules will meet to discuss the Anti-CBDC Surveillance State Act, the Digital Asset Market Clarity (CLARITY) Act and the Guiding and Establishing National Innovation for US Stablecoins Act,…

OKX Joins Global Dollar Network to Support Paxos’ USDG Stablecoin

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Crypto exchange OKX has joined the Global Dollar Network, a consortium promoting Paxos’ relatively smaller USDG stablecoin, in a move the exchange says could help accelerate adoption of a regulated US dollar-backed stablecoin.  By joining the network, OKX’s 60 million global users will gain access to Global Dollar (USDG) for trading and transfers, the company announced Monday.  OKX already supports several major stablecoins, including market leaders Tether (USDT) and USDC (USDC). Adding USDG — a newer, smaller entrant — could broaden access to regulated digital dollars through a project designed…

Platform Poised to Gain From U.S. Stablecoin Regulation

Native token of decentralized finance (DeFi) lending platform Aave surged to its strongest price in several months on Monday The bluechip DeFi token topped $330 during the session before cooling off at $316, gaining 8% over the weekend. The rally came as the DeFi sector is heating up amid a broader crypto rally, with bitcoin conquering fresh records above $120,000. Aave is the dominant player in DeFi lending, and has just hit $50 billion in deposits on the protocol, a fresh record level. The platform also poised to be one…

Stablecoin Infrastructure Startup Zerohash Nears Unicorn Status With $100M Funding Round

Zerohash is reportedly nearing a $100 million funding round that could value the company at nearly $1 billion. Zerohash Nears Unicorn Status Zerohash, a crypto and stablecoin infrastructure startup, is reportedly close to raising approximately $100 million in a funding round that would value the company at nearly $1 billion. According to a report citing […] Source CryptoX Portal

CZ Retweets Claims Coinbase Behind Bloomberg’s Trump Stablecoin Report

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Binance co-founder and former CEO Changpeng “CZ” Zhao has reposted a tweet alleging that Coinbase was the “anonymous” source behind Bloomberg’s report targeting Trump’s crypto project, World Liberty Financial, and Binance. In a Sunday post on X, crypto commentator Matt Wallace claimed Coinbase executives feared a potential pardon for Zhao and Binance’s return to the US market would threaten their market share, prompting efforts to undermine competitors. “Binance is the world’s #1 crypto exchange,” Wallace wrote, warning that Binance’s return with full legal status could severely damage Coinbase’s business. “What…

Binance’s CZ Denies Bloomberg Report on Trump-Backed USD1 Stablecoin

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Binance co-founder and former CEO Changpeng “CZ” Zhao has rejected a recent Bloomberg report linking him to a stablecoin issued by World Liberty Financial (WLF), one of the crypto businesses tied to US President Donald Trump. In a post on X responding to the investigation, Zhao called the article a “hit piece (sponsored by a competitor)” filled with “so many factual errors” that he “doesn’t even know where to begin.” He added, “Might have to sue them again for defamation.” The Bloomberg report claimed Binance developed the original smart contract…

Binance Helped Create World Liberty Financial Stablecoin — Report

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Cryptocurrency exchange Binance reportedly helped create the code behind the stablecoin issued by World Liberty Financial (WLF), one of the crypto businesses tied to US President Donald Trump. According to a Friday Bloomberg report citing three people familiar with the matter, Binance helped create, promote, and played a role in the largest transaction of WLF’s USD1 stablecoin. The crypto business, backed by Trump and his three sons, launched USD1 on March 4.  An Abu Dhabi-based investment firm, MGX, announced a $2-billion investment in Binance on March 12 using a then-unnamed…

TRON strengthens its role in stablecoin settlements: Mid-year report

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TRON began 2025 on a strong note, marked by important protocol updates, new partnerships and growth across key onchain metrics. Throughout the first half of the year, the network’s strategic focus centered on reinforcing its role as a leading blockchain for stablecoin transfers. In its latest report, Cointelegraph Research examines TRON’s performance across core metrics and explores its expanding presence in the global stablecoin ecosystem. Read the full report to explore TRON’s latest onchain performance milestones and key strategic partnerships. USDT activity on TRON reaches new highs TRON has continued…

Shanghai Mulls Responses To Global Stablecoin Rise

Mainland China, one of the most restrictive global jurisdictions for cryptocurrencies, is reportedly showing signs of a shift in tone regarding stablecoins amid new developments in Shanghai. The Shanghai State-owned Assets Supervision and Administration Commission (SASAC) has held a meeting to discuss strategic responses to stablecoins and digital currencies, Reuters reported on Friday. Following the Thursday meeting, SASAC director He Qing called for “greater sensitivity to emerging technologies and enhanced research into digital currencies,” in a post on the authority’s official account. The initiative reportedly came in response to growing…

Blockchain là công nghệ lỗi thời, đã đến lúc chúng ta cần từ bỏ blockchain

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