Plasma’s Mainnet Beta Goes Live Sept. 25 With $2B+ Stablecoin Firepower
Plasma plans to flip the switch on its mainnet beta on Thursday, Sept. 25, pitching itself as the layer one (L1) built to move digital dollars at scale. Stablecoin Rails:…
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Australia Clears a Path for Stablecoin Distribution—No Extra Licenses Required
Australia’s corporate watchdog on Thursday unveiled a class exemption letting licensed intermediaries distribute stablecoins issued by Australian financial services (AFS) licensees without separate approvals. Class Relief Lets Crypto Brokers Distribute…
Analyst: Trump Rode the Bitcoin Wave to Strengthen the Dollar
In a recent article, Alex Gladstein argues that Trump’s sudden embrace of bitcoin had ulterior motives. He believes Trump’s interest in crypto is more about promoting stablecoins to extend the…
Stablecoin Sector Smashes Past the $290 Billion Milestone
On Wednesday, the stablecoin market cracked into uncharted territory, vaulting past the $290 billion mark for the first time ever after padding its coffers with more than $4 billion in…
Fed Day Dry Powder: Cryptoquant Analyst Tracks $7.6B Stablecoin Pile on Exchanges
With the Federal Reserve meeting today, onchain flows are telegraphing that crypto traders are topping off exchanges and leaning long ahead of a widely expected 25-basis-point cut. Pre-Fed Positioning Stablecoins…
Indexing the Plumbing: Bitwise Moves on Stablecoin and Tokenization ETF
Bitwise has filed plans for a Stablecoin and Tokenization exchange-traded fund (ETF) that tracks an index of companies and crypto-asset exchange-traded products (ETPs) tied to the guts of onchain payments…
Tether Taps Anchorage Digital to Roll out USAT Under Federal Charter
According to the stablecoin giant’s latest announcement, Tether tapped Anchorage Digital to issue the firm’s U.S.-focused stablecoin called USAT, a move both firms pitch as a federally supervised template for…
Metamask Taps Transak to Power Stablecoin Deposits, Adds mUSD Support
On Monday, the Web3 and payments infrastructure firm Transak revealed it will exclusively power stablecoin onramping in Metamask’s Deposit button, with upcoming support for metamask usd (mUSD), according to a…
Crypto Industry Pushes Back Against Bank of England Stablecoin Ownership Caps
Cryptocurrency groups and industry executives are urging the Bank of England to abandon proposed ownership caps on systemic stablecoins, £10,000–£20,000 (about $13.5K to $27K) for individuals and £10 million (about…
Stablecoin Market Hits Fever Pitch With $290 Billion in Play This Week
According to the latest stablecoin figures from defillama.com, the market is edging closer to the $290 billion threshold, with a current valuation of $289.40 billion. From Tether to Paypal: Stablecoins…