Circle raises USDC cash-out fees
Circle’s strategic initiatives include its planned IPO and move to Wall Street by 2025, positioning USDC as a regulated digital dollar alternative. Circle, the company that issues stablecoins, has increased the fees that are required to redeem its USD Coin for the second time in a period of less than a year. Bloomberg published a […]
Bolivia Boosts Crypto Adoption with Bank-Backed USDT Custody
Bolivian bank Banco Bisa has launched a stablecoin custody service that allows customers to buy, sell, and transfer USDT. Crypto adoption is advancing in Bolivia as a prominent bank, Banco Bisa, has introduced a custody service for the USDt stablecoin. Banco Bisa announced that this new service would enable its clients to buy, sell, and […]
US DOJ Allegedly Opens Investigation Into Tether
The US Department of Justice has reportedly begun an investigation into USDT issuer Tether for potential AML rules violations. The U.S. Department of Justice (DOJ) has reportedly initiated an investigation into Tether, the issuer of the USDT stablecoin, for potential anti-money laundering violations. This news has caused USDT to lose its dollar peg, prompting a selloff across […]
Bitfinex Invest in Plasma to Revolutionize Global Payments
Bitfinex has invested in Plasma, a decentralized financial infrastructure platform that focuses on Bitcoin and facilitates payments using real-world assets. On October 18, the Bitfinex team revealed via X that it had invested in Plasma to support the growth of Tether adoption on Bitcoin. A blog post introducing Plasma claims the company is considering offering […]
UAE Stablecoin Issuer Gets Approval from Central Bank
AED Stablecoin leads the race to produce the UAE’s first regulated dirham-pegged token as Tether awaits. The Central Bank of the United Arab Emirates (CBUAE) has granted preliminary approval to AED Stablecoin under its Payment Token Service Regulation framework, according to a press release from the company. This in-principle license positions AED Stablecoin as a […]