Stripe Re-Enters Crypto Payments Arena, Starting with USDC Stablecoin
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Stripe Re-Enters Crypto Payments Arena, Starting with USDC Stablecoin

Stripe Re-Enters Crypto Payments Arena, Starting with USDC Stablecoin Payments giant Stripe is making a comeback to the world of cryptocurrency payments after a six-year hiatus. According to reports from TechCrunch, the company has announced plans to once again accept cryptocurrency payments, with its initial support focused on the USD Coin (USDC) stablecoin. Stripe, online…

Circle Teams Up with BlackRock to Streamline USDC Transfers
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Circle Teams Up with BlackRock to Streamline USDC Transfers

Circle, the issuer of the popular USDC stablecoin, has joined forces with investment giant BlackRock to revolutionize the transfer of Digital Liquidity Fund shares. This partnership heralds a new era of efficiency and accessibility in the world of digital assets. Circle, a leading player in the crypto space, has unveiled a strategic partnership with BlackRock,…

Stablecoins Experience Temporary Depreciation Amid Crypto Crash
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Stablecoins Experience Temporary Depreciation Amid Crypto Crash

In the midst of a tumultuous weekend for the cryptocurrency market, two stablecoins, USDE and FDUSD, experienced brief depreciation, highlighting the inherent volatility of the digital asset space During Saturday’s crypto market upheaval, which saw significant price swings across various digital assets, USDE and FDUSD, the fifth-largest stablecoin by market capitalization, faced temporary detachment from…

Tether Bold Step in Revolutionizing AI Technology
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Tether Bold Step in Revolutionizing AI Technology

Tether has announced a strategic expansion of its AI focus. This significant development underscores Tether’s unwavering commitment to enhancing accessibility and efficiency within the AI landscape, solidifying its position as a trailblazer in shaping the future of technology. With a market capitalization surpassing $100 billion for its core product USDt, Tether has earned a reputation…

Tether Unveils Wallet-Freezing Policy to Safeguard
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Tether Unveils Wallet-Freezing Policy to Safeguard

Tether, has revealed its latest initiative geared towards fortifying the cryptocurrency ecosystem. The company’s announcement on December 9, 2023, highlighted a strategic decision made on December 1, 2023, to introduce a voluntary wallet-freezing policy. This new policy specifically targets activities associated with individuals listed on the Office of Foreign Assets Control (OFAC) Specially Designated Nationals…

Binance Announces Cease of Support for BUSD Products
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Binance Announces Cease of Support for BUSD Products

In a recent announcement, Binance has revealed significant changes to its support for BUSD (Binance USD) products, following the decision by Paxos to halt the minting of new BUSD. Effective from December 15, 2023, Binance will cease support for BUSD products. Despite this, users are assured that BUSD will always be backed 1:1 by USD,…

Circle and SBI Holdings Partnership To Introduce USDC To Japan
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Circle and SBI Holdings Partnership To Introduce USDC To Japan

In a groundbreaking collaboration, global fintech leader Circle and SBI Holdings have joined forces to introduce USD Coin (USDC) to Japan’s thriving Web3 ecosystem. This partnership gains unprecedented momentum as Japan becomes the first major economy to implement robust stablecoin laws, fostering an environment of regulatory clarity and innovation. Japan’s government vision for Web3 industry…

US Department of Justice Leads to Massive USDT Freeze
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US Department of Justice Leads to Massive USDT Freeze

Tether and OKX have joined forces with the United States Department of Justice (DOJ) to execute the largest-ever freeze of USDT tokens in history. The collaborative effort has successfully frozen 225 million USDT tokens associated with an international human trafficking syndicate operating in Southeast Asia. This syndicate is allegedly responsible for orchestrating a widespread “pig…

TrueUSD Announces Full Management Transition to Techteryx for Global Expansion
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TrueUSD Announces Full Management Transition to Techteryx for Global Expansion

TrueUSD (TUSD), the popular stablecoin, has announced a significant milestone in its journey towards global expansion. In December 2020, TrueCoin, LLC, a subsidiary of Archblock, Inc., transferred the business ownership of TrueUSD to Techteryx, an Asia-based consortium. With this transition, Techteryx brings its substantial resources and global network to support the growth of TrueUSD and…

Circle Partners with Arbitrum: A Bold Move Towards Cross-Chain Transfers with USDC
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Circle Partners with Arbitrum: A Bold Move Towards Cross-Chain Transfers with USDC

Enhancing blockchain innovation, Circle has successfully incorporated its specialized Cross-Chain Transfer Protocol (CCTP) with Arbitrum, taking a significant leap in blockchain cross-functionality. This strategic move opens up new possibilities for Binance’s USD Coin (USDC) by integrating it with Arbitrum’s platform. Circle and Arbitrum: A New Partnership in the Crypto World Capitalizing on evolving blockchain technology trends, Circle’s CCTP…

The Price Of TUSD/USDT Experienced  Temporary Dip, Falling to 0.9977
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The Price Of TUSD/USDT Experienced Temporary Dip, Falling to 0.9977

The price of TUSD/USDT on Binance experienced a temporary dip, falling to 0.9977. This price fluctuation has raised questions and speculation within the cryptocurrency community. Some users believe that this drop may be connected to the exit from Binance Launchpool MAV mining. In addition to the price drop, another noteworthy development has taken place concerning…

USDC Founder Highlights Hong Kong’s Role in the Asian Digital Dollars Market
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USDC Founder Highlights Hong Kong’s Role in the Asian Digital Dollars Market

In a recent appearance at the Tianjin Forum, Jeremy Allaire, the founder of Circle and USDC (USD Coin), shed light on Hong Kong’s growing significance as a major center for digital assets markets and stablecoins. Allaire, who is known for his expertise in the cryptocurrency industry, suggested that the developments in Hong Kong could serve…

Federal Reserve Chair Jerome Powell Advocates for Central Bank Oversight of Payment Stablecoins
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Federal Reserve Chair Jerome Powell Advocates for Central Bank Oversight of Payment Stablecoins

In a recent testimony before the House Financial Services Committee, Federal Reserve Chair Jerome Powell emphasized the importance of central bank involvement in the approval and regulation of payment stablecoins. Powell argued that these digital currencies should be considered a form of money and called for strong central-bank oversight to ensure their credibility and stability….

Tether Launches U.S. Dollar-Pegged Tokens on Kava
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Tether Launches U.S. Dollar-Pegged Tokens on Kava

Tether Operations Limited (Tether), the leading provider of stablecoins, has announced its partnership with Kava, a layer-1 blockchain platform designed for scalability and speed. This collaboration will introduce U.S. dollar-pegged Tether tokens (“USD₮”) to the Kava network, bolstering the platform’s offerings in the decentralized finance (DeFi) space. Last month, Kava successfully launched its highly anticipated…