China Blocks Alibaba’s Stablecoin Plans in Hong Kong
Ant Group, a subsidiary of Alibaba, and JD․com have halted the development of stablecoins pegged to the yuan. This was reported by the Financial Times.
China Blocks Alibaba’s Stablecoin Plans in Hong Kong
Ant Group, a subsidiary of Alibaba, and JD․com have halted the development of stablecoins pegged to the yuan. This was reported by the Financial Times.
Japanese Megabanks to Launch Joint Stablecoin, Reports Nikkei
Japan's three largest banks by market capitalization are joining forces to issue stablecoins tied to fiat currencies such as the yen and the US dollar, according to Nikkei.
Chainalysis: Russia’s crypto market hits a record $376bn
Between July 2024 and June 2025, Russia’s crypto market reached $376bn, placing it first in Europe.
Paxos Accidentally Mints 300 Trillion PYUSD
On October 15, the infrastructure provider for stablecoins, Paxos, inadvertently minted 300 trillion PYUSD for PayPal.
French Bank ODDO BHF to Launch Euro-Backed Stablecoin
Founded 175 years ago, the French bank ODDO BHF has announced the launch of the EUROD stablecoin, pegged to the euro, on the Polygon network.
Bernstein Predicts USDC Market Cap to Triple
Circle is set to be the main beneficiary of new U.S. stablecoin regulations. Bernstein forecasts nearly a threefold increase in USDC supply over two years.
Ethereum Developers Successfully Deploy Fusaka on Sepolia Testnet
On October 14, the test version of Ethereum's major update, Fusaka, was successfully deployed on the Sepolia network.
Chainalysis: $75 Billion in Crypto Could Bolster State Reserves
Public blockchains hold $75 billion obtained through illicit means. Chainalysis analysts suggested governments could seize these assets to build state reserves.
Ethena and Jupiter to Launch Solana Stablecoin JupUSD
The Ethena Labs team has announced a partnership with the Jupiter platform to launch the native stablecoin JupUSD on the Solana blockchain.
US banks risk $6.6trn deposit flight under the GENIUS Act
The GENIUS Act will drive a mass shift of deposits from banks into higher-yielding stablecoins, says Multicoin Capital co-founder Tushar Jain.We use cookies to improve the quality of our service.
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