The latest Bitso Crypto Landscape in Latam report indicates that the region is still fertile ground for cryptocurrency markets. The stablecoin market grew, accounting for almost 40% of all purchases, while bitcoin purchases diminished to 22%. Bitso Report Shows Stablecoins Remain Strong in Latam Bitso, one of the largest cryptocurrency exchanges operating in Latin America, […] Original
In a strategic move to enhance its enterprise payment solutions, crypto payments company Moonpay has acquired Iron, a startup specializing in stablecoin infrastructure, for at least $100 million. This acquisition, announced on March 13, 2025, marks Moonpay’s second significant purchase this year, following its acquisition of Helio in January. With Iron’s API-driven technology, Moonpay aims […] Source CryptoX Portal
Cryptocurrency payments company MoonPay is expanding its presence in the enterprise stablecoin market with the acquisition of Iron, an API-focused stablecoin infrastructure developer, for an undisclosed amount. According to a March 13 announcement, the acquisition will give MoonPay’s enterprise customers the ability to accept stablecoin payments instantly and at a low cost. Iron’s integration also means companies can manage their stablecoin treasuries in real time and use the funds to acquire yield-bearing assets like US Treasury bonds. Source: MoonPay “With Iron’s technology, we’re putting the power of instant, programmable payments…
A crypto trader fell victim to a sandwich attack while making a $220,764 stablecoin transfer on March 12 — losing almost 98% of its value to a Maximum Extractable Value (MEV) bot. $220,764 worth of the USD Coin (USDC) stablecoin was swapped to $5,271 of Tether (USDT) in eight seconds as the MEV bot successfully front-ran the transaction, banking over $215,500. Data from Ethereum block explorer shows the MEV attack occurred on decentralized exchange Uniswap v3’s USDC-USDT liquidity pool, where $19.8 million worth of value is locked. Details of the…
US Senate Banking Committee is set to vote on a Republican-led stablecoin framework bill on March 13, after it was updated following consultation with committee Democrats. GOP Senator Bill Hagerty, one of the bill’s co-sponsors, said on March 10 that he introduced an update of the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act, which would go to a Banking Committee vote on March 13. He added that the updated bill saw bipartisan consultation. The bill is co-sponsored by Republican Senators Cynthia Lummis and Tim Scott, who is…
The United States push to maintain the dollar’s global dominance through stablecoin adoption could have unintended benefits for Bitcoin, as the world’s largest cryptocurrency is emerging as a potential federal reserve asset. US Treasury Secretary Scott Bessent said the US government will use stablecoins to ensure that the US dollar remains the world’s global reserve currency during the White House Crypto Summit on March 7. “We are going to put a lot of thought into the stablecoin regime, and as President Trump has directed, we are going to keep the…
The US Department of Housing and Urban Development is reportedly looking to experiment with using blockchain and a stablecoin for some of its functions. The department, whose duties include overseeing social housing, has so far discussed the possibility of using blockchain to monitor grants, ProPublica reported on March 7, citing a meeting recording, documents and three officials familiar with the matter. Also discussed was the idea of experimenting with paying a HUD grantee using a stablecoin, which could first be tested in one of the department’s offices before being applied…
Federally regulated banks can engage in a range of cryptocurrency activities without prior approval, The Office of the Comptroller of the Currency (OCC) said, in a new interpretive letter and statement. In a new interpretive letter, the OCC clarified that national banks and federal savings associations can legally provide crypto custody, conduct certain stablecoin-related activities, and run nodes. “The OCC expects banks to have the same strong risk management controls in place to support novel bank activities as they do for traditional ones,” said Acting Comptroller of the Currency Rodney…
A cryptocurrency subsidiary of the Japanese financial conglomerate SBI is preparing to roll out support for Circle’s USDC stablecoin as local regulators soften stablecoin rules. On March 4, SBI VC Trade announced the completion of the first registration related to stablecoin transactions, enabling the firm to start processing USDC (USDC) transactions. After receiving full registration, SBI VC Trade expects to become one of the first financial platforms in Japan to offer cryptocurrency trading in USDC, the announcement noted. The platform plans to launch a USDC trading trial for selected users…
Crypto security analyst and Paradigm adviser ZachXBT said the circulation of stablecoins from major issuers such as Circle, Tether and Paxos should be a key metric in assessing the legitimacy of blockchain networks. His comments followed US President Donald Trump’s announcement on March 2 that certain digital assets would be included in the country’s strategic crypto reserves. Trump identified Bitcoin (BTC), Ether (ETH), XRP (XRP), Solana (SOL) and Cardano (ADA) as the assets to be included in the reserves. On March 3, ZachXBT argued that the presence of stablecoins issued…