Tag: Stablecoin

How to Understand a Stablecoin Attestation Report (Step-by-Step Guide)

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Key takeaways Stablecoin attestation reports provide third-party verification that each token is backed by real-world assets like cash and US Treasurys. Attestation ≠ audit: Attestations are point-in-time checks, not deep financial audits, so users should still perform broader due diligence. Not all tokens are redeemable. Time-locked, test or frozen tokens are excluded from reserve calculations to reflect only actively circulating coins. USDC sets an industry benchmark with regular third-party attestations, transparent reserve reporting and compliance with MiCA regulations. Stablecoins play a crucial role in the digital asset ecosystem, bridging traditional…

South Korean Banks Plan Won-Pegged Stablecoin by 2026

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Eight major South Korean banks will team up to launch a stablecoin pegged to the country’s won currency, marking a significant step toward digital asset adoption.  According to an Econovill report, the project involves institutions including KB Kookmin, Shinhan, Woori, Nonghyup, Corporate, Suhyup, Citi Korea and SC First Bank. The collaboration aims to combat increased dollar dominance due to the rise of dollar-pegged stablecoins.  Data from the real-world asset (RWA) tokenization tracker RWA.xyz shows that stablecoins have a market capitalization of over $239 billion. The data also shows that 99%…

Russia and Stablecoin Use: Ruble-Pegged A7A5 Moved $9B on One Crypto Exchange

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When the success of Circle’s public listing made headlines on Wall Street, a lesser-known ruble-pegged stablecoin—launched by a fugitive Moldovan oligarch and a Russian defence-sector bank—was being used for real-world cross-border payments to bypass sanctions on Russia. A7A5, said to be the first ruble-pegged stablecoin, has moved around $9.3 billion on a dedicated crypto exchange in just four months since its launch, according to a Financial Times report. There are now 12 billion A7A5 tokens in circulation, worth around $156 million. However, only a “relatively small group of users” actively…

Stablecoin Market Cap Soars | Bloomberg Crypto 6/3/2025

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io “Bloomberg Crypto” covers the people, transactions, and technology shaping the world of decentralized finance. On the show today, (R) Wyoming Sen. Cynthia Lummis and Fireblocks Co-Founder and CEO Michael Shaulov. Chapters: 00:00:00 – Bloomberg Crypto Begins 00:01:41 – Sen. Lummis on Stablecoin Bill 00:05:30 – Sen. Lummis on Strategic Bitcoin Reserve 00:11:00 – Sen. Lummis on Assets Outside Strategic Reserve 00:16:06 – Fireblocks CEO Banks Catching Up With Stablecoin Market 00:17:16 – Fireblocks CEO on likeliness of US Gov. Stepping In on…

VÁRHATÓ-E LENDÜLET AZ ETHEREUM-TÓL? #ethereum

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Videó címe: VÁRHATÓ-E LENDÜLET AZ ETHEREUM-TÓL? #ethereum 🟢 ITT TALÁLOD A LEGHASZNOSABB KRIPTOS LINKEKET EGY HELYEN🟢 👉 Hasznos kriptós linkek: 👨‍🎓👩‍🎓 A blockchainbloomhungary célja az oktatás, hogy Te egy helyen megtalálj minden fontos információt kripto, és blokklánc témában, hogy képezni tudd magad és mindig naprakész legyél. #bitcoin #kripto #blockchainbloomhungary Itt megtalálsz minden hasznos kriptós tartalmat egy helyen: 👉 blockchainbloom.com ✅ Kriptos könyvcsomag, amit a kezdők is könnyen értenek, és amiből a haladók is tanulhatnak. www.kriptoskonyvek.hu ✅ BCB KLUB, ahol exkluzív interjúkat találsz…

Circle Overtakes Nvidia Trading Volume as CRCL Soars on Stablecoin Buzz

Key Notes Circle’s valuation now exceeds its USDC stablecoin supply, highlighting investor confidence in regulated crypto infrastructure. Trading volume briefly surpassed Nvidia, placing Circle second only to Tesla in market activity on Monday. Technical analysis shows potential for further gains toward $300-$320 if current support levels hold at $264. Circle Internet Group (NASDAQ: CRCL) is capturing Wall Street’s attention after its trading volume briefly outpaced Nvidia, while its valuation climbed above $62.9 billion. The move reflects renewed investor interest in US-regulated stablecoins and the broader digital infrastructure powering them. $62.9B…

$90 Billion Fiserv Partners Circle, Solana to Launch FIUSD Stablecoin Platform

Key Notes Fortune 500 payment processor Fiserv collaborates with Circle and Paxos to create bank-friendly digital dollar infrastructure. FIUSD will integrate with PayPal’s PYUSD for cross-platform transactions, enhancing merchant and consumer payment options. The launch coincides with the GENIUS Act’s Senate passage, providing regulatory clarity for USD-pegged stablecoin issuers. Fiserv is entering the stablecoin space with its own digital dollar, FIUSD, backed by Solana and Circle Internet Group. The move signals a broader shift by traditional finance toward blockchain-powered payments. The Fortune 500 firm, which processes over 90 billion transactions…

As Stablecoin Bill Heads To House, Senate Shifts To Market Structure

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Roughly a week after the US Senate voted to pass the GENIUS Act to regulate payment stablecoins, the chamber is moving to discuss a path forward for a digital asset market structure framework. On Tuesday, lawmakers in the Senate Banking Committee’s digital asset subcommittee will hear from lawyers at Coinbase and Multicoin Capital as part of efforts to establish “bipartisan legislative frameworks for digital asset market structure.” The hearing will include testimony from Coinbase’s vice president of legal, Ryan VanGrack, Multicoin Capital’s general counsel, Greg Xethalis and University of Pennsylvania…

Flipster and Aptos Foundation Partner to Drive Stablecoin Adoption and Unlock Multichain Opportunities

PANAMA CITY, June 20, 2025 /PRNewswire/ — Flipster, a global cryptocurrency trading platform, has partnered with the Aptos Foundation to accelerate stablecoin adoption and enhance multichain capital access worldwide — empowering traders with faster, more accessible, and more flexible ways to participate in global blockchain ecosystems and seize market opportunities across different chains. As a key milestone of this partnership, Flipster now supports USDT deposits and withdrawals via the Aptos network. This integration adds another high-speed, low-friction option for stablecoin transfers on Flipster, giving users greater mobility across networks. It…

Visa: All Money-Moving Institutions Will Need Stablecoin Strategy This Year

Visa’s expansion of stablecoin settlement signals a massive leap toward frictionless, always-on cross-border payments, slashing costs and unlocking global liquidity. Industry-Wide Stablecoin Adoption Looms for Financial Sector in 2025 Visa (NYSE: V) delivered a strong message on June 18 about the future of financial transactions, emphasizing the growing necessity for stablecoin integration across the global […] Source CryptoX Portal