Tag: Stablecoin

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

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Nghien Crypto News là kênh tin tức thị trường tiền điện tử, cập nhật những thông tin và kiến thức quan trọng về tiền kỹ thuật số cho nhà đầu tư Việt Nam. Liên hệ hợp tác / Forwork booking: 👉 Telegram: 👉 Email: nghiencryptonews@gmail.com Thông tin về chúng tôi / About us: 👉 👉 Kênh X: 👉 Nhóm Telegram: Đăng ký tài khoản sàn giao dịch crypto bằng link đại lý của Nghien Crypto News vừa được giảm 30% phí giao…

Stablecoin stocks: Why it may be more than Circle and Coinbase that benefit from the GENIUS Act

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io The GENIUS Act establishes a framework for stablecoins. Ever since the Senate passed the legislation last week, stocks like Circle (CRCL) and Coinbase (COIN) have surged. But as Yahoo Finance Anchor Julie Hyman explains, more companies want to get in on the stablecoin action. To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime here: #youtube #stocks #stablecoin #crypto About Yahoo Finance: Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources,…

U.S. House Ditching Its Stablecoin Bill to Back Trump’s Choice During ‘Crypto Week’

If the U.S. House of Representatives manages to reach a floor vote on the Senate’s stablecoin bill next week, it could result in President Donald Trump fulfilling at least half of his mission to deliver new laws for the crypto sector this summer. That’ll be a highlight among a bundle of actions during a period labeled “Crypto Week” by lawmakers hoping to record significant legislative wins for the sector. But the bigger-ticket item is the Digital Asset Market Clarity Act to establish first-ever federal regulations to oversee the wider U.S.…

Tether Secret Swiss Vault: The $8 Billion Gold Reserve Behind The Stablecoin

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Tether Holdings, the issuer of the market’s largest stablecoin, USDT, has revealed that it maintains a vault in Switzerland to safeguard an impressive $8 billion stockpile of gold.  According to Bloomberg, the firm’s significant reserve of nearly 80 tons positions Tether as one of the largest gold holders globally, surpassed only by central banks and sovereign nations with the company based in El Salvador expressing intentions to expand its gold reserves further. Tether Reveals 5% Of Reserves In Precious Metals In a recent interview, Tether’s CEO, Paolo Ardoino, emphasized the…

Bitcoin & Stablecoin Reserves Diverge On Binance: Liquidity Explosion Brewing?

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On-chain data shows the Binance Exchange Reserve has diverged between Bitcoin and the stablecoins. Here’s what this could mean for the market. Bitcoin & Stablecoin Exchange Reserves Have Decoupled On Binance In a CryptoQuant Quicktake post, an analyst has talked about the latest trend in the Binance Exchange Reserve for Bitcoin and the stablecoins. The “Exchange Reserve” here refers to an on-chain metric that keeps track of the total amount of a given asset that’s sitting on the wallets attached to a centralized exchange. When the value of this metric…

ERC-20 Stablecoin Supply Hits All-Time High At $121B – Liquidity On The Rise

While Bitcoin struggles to break above its all-time high and altcoins face difficulty finding solid support, one corner of the crypto market continues to expand: stablecoins. Since the beginning of the bull run, the stablecoin market has shown consistent growth, cementing its reputation as one of crypto’s most reliable and scalable use cases. Unlike volatile assets, stablecoins offer stability, liquidity, and utility across DeFi, trading, and settlement. Related Reading Top analyst Darkfost recently shared fresh data and highlighted a key development many have overlooked — the total supply of ERC-20…