Ethena says USDe never depegged, blaming Binance's internal oracle error for $1B in redemptions during the market crash.
#Stablecoin #Binance
Ripple's stablecoin RLUSD nears a $1B market cap after a new expansion partnership with Bahrain Fintech Bay.
#Ripple #Stablecoin
Kazakhstan to launch a national stablecoin, 'Evo,' on the Solana blockchain, backed by Mastercard and local banks.
#Stablecoin
Japan Post Bank, with $1.36T in deposits, will launch a yen-pegged "tokenized deposit" in 2026 for securities settlements.
#DCJPY #Stablecoin
Japan approves first yen-pegged stablecoin—JPYC, backed by Circle & others. Launching this year with bank deposits & bonds as collateral.
#Stablecoin #Japan #Crypto
Wyoming narrows WYST stablecoin candidates to 11 chains—Aptos & Solana lead, Sei surprises. First US state-backed stablecoin launches this summer.
#Crypto #Stablecoin
💸 Stripe is developing a stablecoin product using Bridge's tech, targeting global markets. This move follows a $1.1B acquisition.
#Stripe #Stablecoin
📈 Wyoming plans to launch its own stablecoin, WYST, in July with LayerZero as the issuance partner. The stablecoin will be backed by cash, Treasury bonds, and repurchase agreements
#Wyoming #Stablecoin #Crypto
Tether CEO Paolo Ardoino is reportedly in talks with a Big Four accounting firm for a third-party audit, mandated by upcoming US stablecoin regulations.
#Tether #Stablecoin #Crypto
Tether appoints Simon McWilliams as new CFO to boost transparency and pursue a full audit of its reserves. Former CFO Giancarlo Devasini becomes Chairman, focusing on macroeconomic strategy.
#Tether #Stablecoin
