Tether’s treasury has minted an additional 1 billion USDT, a move that often precedes significant market activity. This issuance could indicate upcoming liquidity injections or increased trading demand in the cryptocurrency market.
Tether announces its plan to establish its headquarters in El Salvador, a significant move aimed at tapping into emerging markets and solidifying El Salvador’s position as a leading crypto hub.
Coinbase has announced the termination of its USDC Rewards program in response to the upcoming MiCA regulations, aligning with its compliance strategy in the EEA. This decision coincides with significant shifts in the stablecoin landscape, including Tether’s termination of EURT and strategic investments into MiCA-compliant solutions.
Bolivia’s fourth-largest bank, Bisa Bank, introduces USDT stablecoin services, allowing customers to buy, sell, and store digital assets while providing secure international payment options with fees ranging from $5 to $40.
Circle is advancing its IPO plans with strong financials and no additional funding needs, while CEO Jeremy Allaire remains optimistic about stablecoin legislation despite political hurdles.
The Wall Street Journal’s report of alleged US federal investigations into Tether has sparked market volatility, though the stablecoin issuer strongly denies the claims as “old noise” while defending its track record of law enforcement cooperation.
Stablecoins are transforming e-commerce by offering faster, more secure, and cost-effective payment solutions, with Singapore’s recent $1 billion stablecoin payment milestone highlighting their growing adoption.
Coinbase announces plans to delist unauthorized stablecoins in the European Union by December 30, 2024, to comply with MiCA regulations. This move highlights the growing regulatory challenges for stablecoin issuers in the EU market.
Circle’s USDC stablecoin reaches $16 trillion in total volume, with the Solana blockchain emerging as a key factor in its rapid expansion.
KuCoin, a US-based crypto exchange, has introduced USDC deposits on the Polkadot network, marking a significant step in Polkadot’s DeFi ecosystem development and USDC’s multi-chain expansion.
