The Bank of Korea (BOK), South Korea's central bank, has been authorized to inspect cryptocurrency exchanges in the nation. Media reports said that BOK can request transaction data from digital…
Societe Generale's crypto arm, Forge, is set to launch a new euro stablecoin called "CoinVertible" on the Ethereum blockchain. The stablecoin will bridge the gap between traditional capital markets and…
Circle's Chief Strategy Officer, Dante Disparte, testified before the U.S. Senate Committee on Banking, Housing, and Urban Affairs on Aprilm 19. He spoke about the benefits of payment stablecoins, which…
A potential landmark stablecoin bill has been released by the U.S. House Financial Committee Services, marking the first significant crypto legislation to emerge in 2023. According to the proposed stablecoin…
The United States House Committee on Financial Services is set to hold a hearing on April 19 to discuss stablecoins and their position as a means of payment. The committee…
Circle's USDC, one of the largest stablecoins, experienced significant delays in processing transactions, causing concern among traders and investors alike. A note by Circle to various trading companies confirmed that…
The stunning downfall of Silicon Valley Bank (SVB) has reverberated across the cryptocurrency landscape, triggering a dramatic drop in prices and a surge in gas fees. As a result, Circle…
As the crypto market continues to experience volatility, the value of Binance USD (BUSD), the Paxos-issued stablecoin, has fallen to below $10 billion for the first time since June 2021.…
Paxos, the blockchain technology company that issued and managed BUSD on behalf of Binance, announced its readiness to challenge the U.S. Securities and Exchange Commission (SEC) over its claims that…
Paxos will stop minting Binance's stablecoin BUSD at the direction of the New York Department of Financial Services (NYDFS). BUSD is the third most popular stablecoin with $16 billion outstanding,…