Tether’s First Half Profits Reach $5B
Tether, the issuer of a popular stablecoin, yesterday announced record net profits of $5.2 billion in the first half of the year, driven by the surge in the market cap of their flagship cryptocurrency, USDT.
Hong Kong to Introduce a New Stablecoin Legislative Framework
A licensing regime for stablecoin issuers has been announced by Hong Kong’s financial authorities as part of the region’s legislative proposal to regulate the industry.
Paxos Receives Full Regulatory Approval in Singapore
The Monetary Authority of Singapore (MAS) has granted full regulatory approval to Paxos International, a blockchain and tokenization platform.
Circle Gets MiCA Approval for its Stablecoins
Circle has declared its compliance with the European Union’s Markets in Crypto-Assets (MiCA) regulatory framework, making it the first global issuer of stablecoins to do so.
Philippines Adds Tether’s USDT for Social Security Payments
Tether has launched a novel payment method for citizens of the Philippines, allowing them to utilize their stablecoin, USDT, to pay for their social security system (SSS) contributions.
Cloudbet Integrates Ethena USDe (sUSDe) Stablecoin and ENA Tokens
Willemstad, Curaçao, Netherlands, 1st July 2024, Chainwire
Uphold Plans to Delist 6 Stablecoins, Including USDT
European users of the cryptocurrency exchange Uphold have received a notice stating that starting July 1, the platform will no longer support six popular stablecoins.
