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The stablecoin issuer Tether has intervened with a significant recovery plan for Drift Protocol, the Solana-based decentralized exchange (DEX) that suffered a $286 million exploit earlier this month. The rescue…
Despite being one of Ripple’s most supportive markets, Japan presents obstacles for Ripple’s stablecoin RLUSD due to the high trust placed in megabanks. SBI has been a significant partner since…
Following a significant security breach attributed to a North Korean-linked group, Drift Protocol has announced plans to relaunch with Tether’s USDT as its settlement currency. The initiative is backed by…
In Hong Kong, Circle CEO Jeremy Allaire expressed to Reuters that a yuan-backed stablecoin presents a ‘tremendous opportunity,’ estimating its potential release within the next three to five years as…
The cryptocurrency market is witnessing a resurgence in XRP, with volume trends supporting this upward trajectory. However, it remains crucial for XRP to demonstrate that its current rally extends beyond…
Rakuten, Japan’s leading e-commerce company, has incorporated XRP into its Rakuten Pay application. This addition enables the app’s 44 million users to utilize Ripple’s cryptocurrency as a payment option at…
On Tuesday, Tether unveiled its new self-custodial digital wallet named Tether.Wallet. This platform supports the company’s primary stablecoin, USDT, along with USAT aimed at the U.S. market, as well as…
Negotiating senators are poised to release draft text of a compromise this week over the stablecoin yield debate, which has stalled crypto’s market structure bill. This comes despite pushback from…
Jeremy Allaire, the CEO of Circle, revealed that his company is “exploring” a token for its stablecoin-focused Layer-1 blockchain, Arc Network. This announcement was made during a corporate event in…
Jeremy Barnum, the Chief Financial Officer of JPMorgan Chase, has cautioned that stablecoins could turn into a form of regulatory arbitrage if new regulations do not align them with traditional…
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