In a recent development reported by Bloomberg, TrueCoin and TrustToken have reached an in-principle settlement with the U.S. Securities and Exchange Commission (SEC) concerning misleading statements about the backing of their TrueUSD stablecoin.
Read MoreCrypto giants Robinhood and Revolut are exploring the possibility of launching their own stablecoins, according to unnamed sources cited in a Bloomberg report.
Read MoreThis week, Tether has made headlines by issuing an additional $1 billion in USDT on the Ethereum blockchain, bringing its total market capitalization to approximately $119 billion.
Read MoreIn a groundbreaking development for the Web3 space, stablecoin issuer Circle has announced a strategic partnership with Sony Block Solutions Labs to enhance the adoption of its USDC stablecoin on the new Soneium blockchain.
Read MoreTether, the prominent stablecoin issuer, has announced the appointment of Jesse Spiro as its new Head of Government Affairs.
Read MoreA recent survey by Visa and Castle Island Ventures has unveiled a significant uptick in stablecoin adoption during the first half of 2024. The survey predicts that stablecoin settlement volumes are on track to hit an impressive $5.28 trillion by the end of the year.
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