Fidelity: Fed Rate Cut Will Benefit DeFi and Stablecoins
Fidelity predicts that institutions will once again become interested in DeFi products and stablecoins if traditional finance (TradFi) yields decrease due to the Federal Reserve’s policies.
Hong Kong and Singapore Could Recognize Stablecoins as a Means of Payment
By the end of 2024, both Hong Kong and Singapore have plans to pass laws allowing the use of stablecoins as a form of payment in their respective domestic markets.
USDT’s Market Cap Close to $93B
In early January, the market supply of USDT reached $92.631 billion.
Hong Kong Will Implement License Regime for Stablecoin Issuers
Hong Kong has put forth a legislative proposal suggesting that stablecoin issuers obtain a license in the city to regulate the industry.
Circle Receives License in France
Circle has successfully obtained conditional registration as a Digital Asset Service Provider (DASP) from the French Financial Markets Authority.
Circle Rolls Out its EURC Stablecoin on Solana’s Blockchain
Circle has recently announced that it now supports the Solana blockchain for its euro-pegged stablecoin, EURC.
Crypto Exchange Binance Will Drop Support for BUSD in 2 Weeks
Binance has recently announced that it will end its support for BUSD on December 15, due to a request from the stablecoin’s issuer Paxos.
