Stablecoins
European stablecoin issuer AllUnity launches USD stablecoin USDAU
AllUnity, a European MiCA-regulated stablecoin issuer, is launching USDAU, a new US dollar-backed stablecoin maintaining a 1:1 peg through segregated reserves. USDAU will debut...
Stablecoins
HSBC Hong Kong Launches Its RedCoin Stablecoin
HSBC's Hong Kong subsidiary has announced the launch of its HSBC RedCoin stablecoin, an initiative based on a survey conducted among over 1,000 local...
Stablecoins
Morgan Stanley Sets Up Lab to Test Stablecoins and DeFi
Morgan Stanley has set up an internal laboratory to test stablecoins and decentralized finance (DeFi). This testing program uses the bank's innovation lab network....
Stablecoins
Illinois draft crypto tax rules detail DeFi, stablecoin treatment
Illinois tax officials have published draft rules detailing how the state's 0.2% digital asset transaction tax would apply. Stablecoins would be subject to tax...
Stablecoins
Aptos lands native Tether USDT support on Taiwan’s MAX exchange for TWD conversions
MAX Digital Asset Exchange, operated by MaiCoin Group and dominant in Taiwan's TWD-denominated crypto trading market, has rolled out native Tether USDT support on...
Stablecoins
Binance Pay lets visitors spend USDT at PayPay merchants in Japan
Binance Pay will allow eligible overseas users visiting Japan to spend Tether USDT (USDT) at the vast majority of PayPay-supported merchants starting Wednesday. The...
Stablecoins
Binance Pay enables USDT spending at PayPay merchants in Japan
Binance Pay has announced a partnership with TBCASoft and its HIVEX network to enable eligible users to spend USDT at millions of PayPay merchants...
Stablecoins
Abracadabra proposes winding down MIM at four cents on the dollar
Abracadabra is proposing to wind down its overcollateralized stablecoin MIM (Magic Internet Money) by settling obligations at roughly four cents per token, representing a...