Circle Stops Issuing USDC on TRON Network
Circle announced on Wednesday that it will no longer support USDC on the TRON network and has already ceased its USDC minting services on the blockchain.
Poland City Launches a Stablecoin for Local Businesses
The city of Minsk Mazowiecki in Poland, which has a population of 37.5 thousand people, has launched its own stablecoin called MinsCoin.
Hong Kong Exploring Possibility of Issuing a Stablecoin Pegged to the Yuan
The Hong Kong Chamber of Commerce has suggested creating a stablecoin that would be backed by the Chinese yuan, which would benefit companies engaging with mainland China and other Asian nations.
JPMorgan: Tether’s Dominance is Negative for Crypto
JPMorgan analysts have raised concerns about the growing dominance of Tether in the stablecoin market, despite the overall increase in market capitalization.
Tether’s Q4 Net Profit Reaches $2.9B
In the fourth quarter of 2023, Tether, the company behind the issuance of the stablecoin USDT, reported a record net profit of $2.9 billion.
Justin Sun Replies to UN Report on Illegal Use of Stablecoin USDT
The Tron blockchain project has responded to the recent findings of a group of UN experts who stated that the stablecoin USDT from Tether is being increasingly used for illegal financial activities.
Report: Stablecoins Use by Criminals Increased in 2022-2023
There has been an uptick in cybercriminals utilizing stablecoins with fiat backing between 2022 and 2023.
