Stablecoin Prediction Made By Circle Founder Jeremy Allaire
Jeremy Allaire, the Circle co-founder and CEO, has made a positive stablecoin prediction that will make up a significant part of the global system in 10 years. Jeremy Allaire, the founder of Circle Internet Financial Ltd., expressed his continued confidence in the potential of crypto, with a particular emphasis on stablecoins, on X. His lengthy […]
Uphold Exchange to Delist USDT, 5 Other Stablecoins by July 1
Uphold crypto exchange has notified its European users that the platform will cease supporting six prominent stablecoins on July 1 in compliance with MiCA regulations. To comply with the European crypto regulations known as Markets in Crypto-Assets (MiCA) new stablecoin framework, crypto exchanges are delisting these stablecoins. Tether, Dai, Frax Protocol (FRAX), Gemini dollar (GUSD), […]
Alchemy Pay Integrates with Scroll Network
Alchemy Pay, a well-known fiat-crypto payment processing solution, expands support by integrating with Scroll. Users can obtain and utilize USDT and USDC on Scroll through Alchemy Pay, which uses zero-knowledge technology and is interoperable with the Ethereum Virtual Machine (EVM). The integration of international clientele and the resolution of issues in decentralized finance (DeFi) are […]
Tether Invests over $18m in Cross-Border Exchange Startup XREX
Tether has contributed $18.75 million to the cross-border payments firm XREX to enhance the use cases of USDT-based payments in developing nations. In order to increase the amount of stablecoin cross-border business-to-business (B2B) payments made in emerging economies, Tether, the company that issues the USDT stablecoin, has contributed close to $19 million to XREX, a […]
Chinese Police Crack Down on $1.9B USDT Underground Banking Scheme
Chinese police in Chengdu discovered a $1.9B underground banking scheme using Tether stablecoin and arrested 193 suspects in 26 provinces. The Chinese police have uncovered an underground financing scheme worth $1.9 billion that involved the well-known stablecoin Tether. The illicit financial activities were conducted in Chengdu, China, utilizing the USDT stablecoin as a medium of […]