The Defiant·
Synthetix founder Kain Warwick published a detailed thread this morning acknowledging that sUSD has been depegged for over a year, taking personal responsibility for treasury mismanagement, and outlining a basis-vault-backed replacement stablecoin to run on the protocol's new v4 exchange.
Read full articleChainlink, a coalition of Korean commercial banks, and a 37-member European bank consortium announced Project Pangea on June 23, a working group focused on replacing the global foreign exchange market’s existing T+2 settlement cycle with real-time, stablecoin-based T+0 settlement. What Project Pangea Is The initiative brings together three primary partners: Fairsquarelab, described as a first-mover […]
KG Inicis and Solana partner to build stablecoin payments, linking a KRW 25T merchant network to onchain commerce in Korea. South Korea’s KG Inicis has signed an MOU with the Solana Foundation. The agreement focuses on stablecoin payments for merchants. KG Inicis is South Korea’s largest payment platform by merchant reach. It processes more than […] The post Solana Stablecoin Push Grows as KG Inicis Brings KRW 25T Network Onchain appeared first on Live Bitcoin News.
Oobit's integration with PIX could accelerate stablecoin adoption in Brazil, challenging traditional banking and boosting crypto's mainstream appeal. The post Oobit integrates USDT with Brazil’s PIX payment network for 170M users appeared first on Crypto Briefing.
Ripple secured preliminary MiCA CASP approval to expand regulated services across Europe. The license supports cryptoasset and stablecoin payments for banks and fintech firms. Full approval would strengthen Ripple’s European footprint under a unified framework. Ripple has secured preliminary approval for a Crypto Asset Service Provider license in Luxembourg under the European Union’s Markets in […] The post Ripple Secures MiCA License Approval to Expand Across Europe appeared first on Live Bitcoin News.
A stablecoin is a crypto token built to hold a fixed value, almost always one US dollar. That simple idea now moves more money each year than some card networks, and it sits underneath nearly everything else in crypto. Most…
A yield-bearing stablecoin holds a steady dollar value and pays you a return for holding it. That second part is exactly what an ordinary stablecoin is forbidden to do, which is why these tokens live in a different legal world…
UK stablecoin rules drop wallet caps and set a £40B issuer limit as Hyperliquid and Base lead 3-month inflows. The Bank of England has revised its planned stablecoin framework after industry feedback, moving away from earlier holding limits for users and businesses. The updated proposal removes the planned £20,000 personal wallet limit and replaces it […] The post UK Stablecoin Shift Meets Hyperliquid Surge as ETH Bleeds Billions appeared first on Live Bitcoin News.
MiCA 2.0 review reopens stablecoin reward rules as EU weighs payment competitiveness. Article 50 bans interest; UK permits activity-based rewards under draft code.
