South Korea’s ruling Democratic Party has established a cryptocurrency policy task force aimed at creating growth-focused legislation by year-end, with initial emphasis on stablecoin regulation. The initiative marks a shift from restrictive oversight toward industry development and innovation support.
Stablecoin giant Tether is pursuing a $15-20 billion capital raise that could value the company at nearly $500 billion, rivaling OpenAI and SpaceX. The USDT issuer reported $4.9 billion in quarterly profits while planning a return to US markets.
Kazakhstan’s central bank has announced a pilot program for Evo (KZTE), a tenge-pegged stablecoin built on Solana in partnership with Mastercard. The initiative aims to bridge traditional finance with blockchain technology while sparking debate about state control over digital currencies.
Tether introduces a new U.S.-compliant stablecoin, USAT, posing a direct challenge to Circle’s stronghold with USDC in the American market. Backed by stringent regulatory adherence and significant financial partners, USAT aims to reshape the competitive landscape.
Circle’s valuation surges to $6.6 billion amid growing USDC adoption, flipping competitor USDC in market cap rankings. The stablecoin issuer’s growth signals shifting dynamics in the digital dollar ecosystem.
Global banking giant Santander is evaluating the launch of dollar and euro-pegged stablecoins alongside expanded retail crypto services, reflecting a broader trend among major financial institutions amid evolving regulatory landscapes.
Binance Pay has made USD Coin (USDC) the default currency for new users, signaling growing institutional adoption of stablecoins. The move could boost USDC’s utility in global crypto payments.
PayPal continues its blockchain strategy by adding Solana and Chainlink to its digital asset lineup, bringing its total supported cryptocurrencies to seven while reinforcing its position as a bridge between traditional finance and crypto ecosystems.
Tether’s co-founder, Reeve Collins, has launched Pi Protocol, a new stablecoin offering yields on holdings, set to disrupt the stablecoin space on Ethereum and Solana networks.
Coinbase has set an ambitious goal to challenge Tether’s dominance by targeting its $86 billion market cap, aiming to expand its stablecoin offerings and market share. This article explores Coinbase’s strategy and its potential impact on the stablecoin landscape.
