Markus Thielen: Stablecoins Could Play Key Role in Next Bitcoin Rally
According to Markus Thielen, a researcher at 10x Market, an increase in stablecoin issuance could be the catalyst for the next surge in Bitcoin.
Celsius Sues Tether
In recent weeks, bankrupt crypto lending company Celsius has launched several legal actions in an effort to recover billions of dollars for its creditors from various crypto firms, including Tether.
USDT Issuer Tether Will Double its Workforce Next Year
According to Tether CEO Paolo Ardoino, the stablecoin company is planning to increase its workforce to around 200 employees by mid-2025.
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.
