Paxos Announces Lift Dollar Stablecoin
Paxos International, a company based in the UAE under Paxos, has introduced a new stablecoin called Lift dollar (USDL), which offers a yield to users. The stablecoin’s first market will be in Argentina.
Binance Will Limit Access to Certain Stablecoins in the EU
On June 30, 2024, the new MiCA rules for stablecoins will go into effect in the European Economic Area (EEA), and crypto exchange Binance has warned its users about the upcoming restrictions.
Native Stablecoins Swell on Sui as Agora Adds AUSD Stablecoin to Network
Austin, Texas, 29th May 2024, Chainwire
Crypto Exchange Kraken Says It Will Not Delist Tether in Europe
Kraken has no intentions of removing Tether (USDT) from its platform in Europe despite previous reports of a potential delisting to comply with legal requirements.
Tether’s Q1 Profit Reaches $4.5B
In the first quarter of 2024, Tether Holdings reported a record net profit of $4.52 billion.
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.
