Stablecoins
$55 million Aave stablecoin pool sees just $4.4 million available for withdrawals
Aave's USDT0 lending pool on the Monad network shows a supplied balance of $55.9 million but only $4.4 million (7.9 %) remains unborrowed and available for withdrawals. USDT0 deposits...
Stablecoins
White House crypto advisor fires back at banking lobby over stablecoin deposit flight fears
Patrick Witt, Executive Director of the President's Council of Advisors for Digital Assets, is publicly challenging the US banking industry over its opposition to...
Stablecoins
Zoth expands zPayments to Base, targeting $6B in annual cross-border stablecoin payouts
Zoth, a Dubai-based stablecoin neobank, has launched its zPayments platform on Base, Coinbase's Layer 2 network. This integration enables businesses to send instant cross-border...
Stablecoins
PayPal crypto strategy expands as PYUSDx goes live with $100M
PYUSDx, the platform enabling businesses to create customized stablecoins backed by PayPal USD, has launched publicly with 100 million dollars in assets under management...
Stablecoins
Why Trump Backed Tougher Ethics Rules in Clarity Act, and Why the Crypto Industry Thinks It Can Pass
Senate Republicans released a revised Clarity Act on Sunday, their last best and final offer, ahead of Tuesday's cloture vote requiring 60 votes. Trump...
Stablecoins
Stablecoin supply drops $414M as DEX spot volumes climb nearly 8%
Total stablecoin market capitalization fell by $414.38 million during the week of September 7 through 13, according to on-chain analytics firm Lookonchain. Meanwhile, decentralized...
Stablecoins
World Trade Organization warns fragmented regulations hinder stablecoin adoption
The World Trade Organization has quantified the stablecoin paradox: a technology handling trillions in on-chain volume accounts for just 3% of global payments. Genuine...
Stablecoins
Fragmented regulations limit stablecoin adoption in international finance: WTO head
The head of the World Trade Organization stated that fragmented regulations are limiting stablecoin adoption in international finance. According to a report by the...
Stablecoins
Spark Finance’s spUSDC V2 attracts $56M in under 40 minutes
Over $56.5 million poured into Spark Finance's spUSDC V2 stablecoin savings vault in under 40 minutes on September 14. The product allows users to...
Stablecoins
White House Agrees to Major Crypto Ethics Rules in a Last-Minute Push to Save the CLARITY Act
The White House has agreed to major crypto ethics rules as part of the CLARITY Act, a 635-page cryptocurrency market-structure bill. Senate Republicans released...
Stablecoins
Bernstein says ethics and stablecoin changes could boost support for CLARITY Act
Wall Street research firm Bernstein argues that new ethics provisions and stablecoin concessions embedded in the CLARITY Act could peel off enough Democratic votes...