Global #stablecoins.

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.

Crypto giants Robinhood and Revolut are exploring the possibility of launching their own stablecoins, according to unnamed sources cited in a Bloomberg report.

This 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.

​In 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.

Tether, the prominent stablecoin issuer, has announced the appointment of Jesse Spiro as its new Head of Government Affairs.

A 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.

Trust Wallet, the decentralized crypto wallet backed by former Binance CEO Changpeng Zhao (CZ), is experiencing notable growth, particularly in developing regions such as Africa and South Asia.

In recent months, cryptocurrency market dynamics have shown notable shifts, according to insights from a CryptoQuant analyst. The period between May and July witnessed a dramatic 54% increase in open interest, highlighting a surge in speculative trading activity.

At the Eastern Economic Forum in Vladivostok on September 7, Alexander Shokhin, President of the Russian Union of Industrialists and Entrepreneurs (RSPP), made a compelling case for the use of cryptocurrencies and stablecoins in international trade.

In a strategic push to bolster its foreign economic activities and advance de-dollarization, Russia is set to launch two significant cryptocurrency exchanges.

Hong Kong is making significant strides in the regulation of stablecoins, with the Hong Kong Monetary Authority (HKMA) recently announcing the first participants in its stablecoin issuer sandbox.

As the 2024 U.S. presidential race heats up, cryptocurrency is becoming a crucial issue for major candidates. Recently, Circle, a leading player in the digital assets sector, unveiled a new risk-based capital framework for stablecoins, underscoring the increasing need for clear and effective regulation in this rapidly evolving industry.