S&P Global: US Banks Will Enter the Stablecoin Market
A new bill focused on stablecoins has been introduced to the US Senate, which S&P Global Ratings believes could prompt banks to enter the stablecoin market.
Tether Will Block Assets Linked to Sanctioned Entities
Tether, the issuer of the USDT stablecoin, has announced that it will freeze addresses associated with sanctioned entities.
Tether Launches USDT on TON Blockchain
Tether and the TON Foundation have formed a partnership, resulting in the launch of $60 million worth of USDT on the Open Network (TON) blockchain.
The US Senate Proposes New Bill on Stablecoins
Senators Kirsten Gillibrand of New York and Cynthia Lummis of Wyoming have jointly introduced a bill in the Senate regulating stablecoin payments.
Paolo Ardoino: Stablecoin Competition is Important for Regulation
According to Tether CEO Paolo Ardoino, the move by Ripple to launch its own stablecoin could greatly improve the legitimacy of the stablecoin market.
Coinbase is Against Basel Committee’s Requirements for Stablecoins
The Basel Committee on Banking Supervision has expressed a desire to limit banks’ use of “stablecoins” through its requirements.
USDC’s Market Cap Reaches an Annual High
Since the beginning of January 2024, the market supply of the second-largest stablecoin, USD Coin (USDC), has been increasing.
