Stablecoins
JPYC stablecoin falls short of targets in first year, CEO says
One year after launch, yen-backed stablecoin JPYC has a circulating supply below its issuer’s targets, even though cumulative issuance has exceeded 10 billion yen....
Stablecoins
Coinbase sets 3-day MiCA deadline for USDT, PayPal and Trump-linked stablecoins
Coinbase has told customers in the European Economic Area to withdraw 14 restricted crypto assets, including USDT, PYUSD, USD1, DAI and PAXG, by October...
Stablecoins
Stablecoins and tokenization: Tom Lee warns banks of the risk of falling behind
Tom Lee, co-founder of Fundstrat and chairman of BitMine, estimates that roughly 99% of financial activity still relies on traditional infrastructure, although the scope...
Stablecoins
CoinDCX’s $16 million loss revives uncomfortable memories of FTX and Celsius
CoinDCX confirmed a loss of roughly $16 million in USDT three days after its chief executive, Sumit Gupta, dismissed reports of a new intrusion...
Stablecoins
BlackRock teams up with SBI to pair tokenized funds with a yen stablecoin
SBI Holdings, Startale Group, BlackRock Financial Management and BlackRock Japan reached a preliminary agreement to study connecting tokenized money-market funds with JPYSC, the yen...
Stablecoins
Crypto Heads Into Fed Week With a Warning Sign in the Stablecoin Data
The cryptocurrency market enters a week featuring two central bank decisions amid lighter trading and a shrinking stablecoin supply. The Federal Reserve will decide...
Stablecoins
CARF: France’s Senate Targets Crypto Held Abroad by Tax Authorities
On 27 October, France’s Senate examined a bill authorizing the country to approve CARF, the OECD agreement establishing automatic international exchanges of crypto-asset data....
Stablecoins
Circle faces 20% revenue risk from AI agents, Mizuho warns
Mizuho cut its Circle price target to $43 from $45 and maintained an Underperform rating, implying a potential 46% decline in the stock. According...