Global #stablecoin

Authorities in Sichuan province have effectively disrupted a significant underground banking operation linked to smuggling activities valued at 13.8 billion yuan, approximately $1.9 billion.

The financial landscape of the Philippines is on the cusp of transformation as the central bank has authorized Coins.ph to test a pioneering stablecoin in the nation’s vital remittance market.

The central bank of the Philippines is initiating controlled trials for a national stablecoin tied directly to the local currency.

David Schwartz, Ripple's Chief Technology Officer, has offered clarification regarding the timeline for the launch of Ripple's stablecoin.

According to recent findings by Visa and data platform Allium Labs, less than 10% of stablecoin transaction volumes are deemed organic or originating from genuine individuals.

The largest stablecoin in the world, Tether, announced that it has partnered with Chainalysis, a blockchain data platform, to track secondary market activity and thwart illegal activities.

Because DUSD is almost solely utilized as a trading pair on Binance, it has grown to become the fourth-largest stablecoin by market capitalization.

In the face of increased regulatory scrutiny, Tether, the company behind the stablecoin USDT, said that it had diversified into four new business areas.

The company behind the biggest stablecoin in the world, Tether, announced that it is restructuring to accommodate its foray into new digital asset categories.

In response to a perceived lack of worldwide clarity on stablecoin regulations, the two biggest digital dollar suppliers have taken different approaches. Circle is appealing to US lawmakers for assistance, while Tether is going after fraud and money laundering head-on.

According to Nick van Eck, the Agora digital dollar won't be accessible in the US until comprehensive legislation has been implemented.