Paxos Announces it Will Issue a USD-linked Stablecoin in Singapore
Paxos has created a new entity in Singapore to introduce a USD-backed stablecoin in the country.
Tether Mints 4 Billion USDT in 1 Month
Over the past 30 days, the company responsible for issuing Tether has created an additional 4 billion USDT stablecoins. This information is supported by data from WhaleAlert.
USDC’s Issuer Circle Might Go Public in 2024
Circle, the company behind the USDC stablecoin with a market capitalization of over $24 billion, is considering going public in 2024.
Michael Barr: The Fed Needs Authority Over Stablecoin Issuers
Michael Barr, vice chairman of supervision at the US Federal Reserve, has said the Fed needs to regulate and enforce the law on stablecoin issuers.
Hong Kong Will Ban Retail Investments in Stablecoins Until Next Year
The Ministry of Finance announced a ban on retail investments in stablecoins until 2024 in early October.
Circle Officially Renames its Stablecoins
Circle has recently announced that it will be changing the official names of its stablecoins, previously known as USD Coin and Euro Coin, to USDC and EURC.
Venmo Adds Support for PayPal’s Stablecoin
Venmo, a peer-to-peer payment platform, will soon introduce PYUSD, the stablecoin offered by PayPal.
