Tag: Stablecoin

Senators press regulators on Trump’s WLFI stablecoin

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Five Democratic lawmakers in the US Senate have called on leadership at regulatory agencies to consider the potential conflicts of interest from a stablecoin launched by World Liberty Financial (WLFI), the crypto firm backed by US President Donald Trump’s family. In a March 28 letter from the US Senate Banking Committee, Massachusetts Senator Elizabeth Warren and four other Democrats asked the Federal Reserve’s committee chair on supervision and regulation, Michelle Bowman, and acting comptroller of the currency, Rodney Hood, how they intended to regulate WLFI and its stablecoin, USD1. March…

Bitso Launches Mexican Peso Stablecoin on Arbitrum

Through Juno, a new subsidiary dedicated to digital assets and stablecoin issuance, Bitso aims to introduce the Mexican peso stablecoin to serve several use cases, with remittances and cross-border payments facilitation at the center. Bitso Introduces Juno, Launches Mexican Peso Stablecoin The stablecoin market is heating up, and companies are now backing them with currencies […] Source CryptoX Portal

Tether’s crosschain USDT0 stablecoin launches on OP Superchain

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Tether’s crosschain US-dollar stablecoin, USDT0, has been deployed to Optimism’s Superchain, increasing access to the world’s most widely used stable asset across Ethereum’s layer-2 ecosystem. On March 27, Optimism announced that the dollar-pegged USDT0 is now live on the OP mainnet. The crosschain stablecoin’s first deployment was on Ink, Kraken’s DeFi-focused layer-2. USDT0 is essentially a bridged version of Tether’s USDt (USDT) designed to extend the stablecoin’s adoption across various blockchains. Tether launched USDT0 in January in collaboration with the interoperability protocol LayerZero. One month later, Tether selected Arbitrum as…

Circle, Intercontinental Exchange to explore stablecoin integration

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Stablecoin issuer Circle and Intercontinental Exchange (ICE), the company that operates the New York Stock Exchange (NYSE) among others and provides clearinghouse services, are collaborating to explore stablecoin integration in ICE’s operations. The companies will explore the potential integration of Circle’s US dollar stablecoin (USDC) and its US Yield Coin (USYC) into ICE’s derivatives exchanges, clearinghouses, data services and other systems, under a memorandum of understanding (MoU) announced March 27. Lynn Martin, president of the New York Stock Exchange, issued this statement alongside news of the collaborative partnership: “We believe…

Wyoming’s Mark Gordon says state should issue stablecoin by July

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Wyoming Governor Mark Gordon said the state’s proposed stablecoin might be ready to launch by July, with the Wyoming Stable Token Commission announcing interoperability protocol LayerZero as a partner for the token launch. Speaking at the DC Blockchain Summit on March 26, Gordon praised the speed and efficiency of the Wyoming state government in embracing blockchain technology. Anthony Apollo, the executive director of the Wyoming Stable Token Commission, also confirmed: “The Stable Token Commission has formally engaged LayerZero as our token development and distribution partner, and we have stable tokens…

Fidelity plans stablecoin launch after SOL ETF ‘regulatory litmus test’

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Fidelity Investments is reportedly in the final stages of testing a US dollar-pegged stablecoin, signaling the firm’s latest push into digital assets amid a more favorable crypto regulatory climate under the Trump administration. The $5.8 trillion asset manager plans to launch the stablecoin through its cryptocurrency division, Fidelity Digital Assets, according to a March 25 report by the Financial Times citing anonymous sources familiar with the matter. The stablecoin development is reportedly part of the asset manager’s wider push into crypto-based services. Fidelity is also launching an Ethereum-based “OnChain” share…

Circle and SBI Ignite Stablecoin Expansion in Japan—Major Exchanges Locked in

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Circle secures Japan’s first stablecoin approval, unleashing a new era of digital finance, trading, and payments through a groundbreaking partnership with SBI Holdings. ‘First and Only Stablecoin’ Approved for Use in Japanese Markets Circle Internet Group Inc. advanced its international expansion on March 25 by announcing a strategic launch in Japan, leveraging its local subsidiary, […] Source

Best Altcoins to Buy as $USDC Stablecoin Receives Approval for Use in Japan

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Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. Circle announced that it will soon be launching $USDC in Japan on the SBI VC trade crypto exchange. This makes $USDC the first and only stablecoin officially approved for…

A New Stablecoin In Trump’s Growing Crypto Portfolio

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Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. According to recent reports, President Donald Trump’s crypto venture, the decentralized finance (DeFi) platform World Liberty Financial (WLFI), has unveiled a new stablecoin called USD1.  This token, pegged to…