Czech National Bank Buys $1M in Bitcoin, Publicly Confirms First Crypto Portfolio
The first central bank to publicly acquire Bitcoin is the Czech National Bank, making history with this action. The entity announced its purchase on November 13,
stablecoin (Latest Publications)
Circle Expands Arc Ecosystem With Onchain FX Engine and Multi-Currency Stablecoin Program
TL;DR Circle launched StableFX, an onchain foreign exchange engine on its Arc blockchain, along with the Partner Stablecoins program, which integrates regional stablecoins linked to different
Sui Foundation Introduces USDsui Stablecoin to Power DeFi and Payments
TLDR The stablecoin uses the infrastructure of Bridge, a Stripe company, to ensure liquidity and regulatory compliance. Revenue generated by the asset will be reinvested directly
Coinbase Walks Away From $2B BVNK Deal Amid Bank of England Stablecoin Concerns
TLDR Negotiations broke down following the Bank of England’s proposal to limit stablecoin holdings to £20,000. The deal would have doubled the value of Stripe’s purchase
Stablecoins Fuel Market Stability, Driving Adoption Across Trading and Payments
Kaiko Research reported this week that stablecoins are increasingly acting as the foundation of crypto markets, providing liquidity and stability amid volatile price movements.
BNY Forecasts $3.6T Stablecoin Market as Finance Goes 24/7
BNY Mellon projected in a recent report that the global stablecoin market could expand to as much as $3.6 trillion as traditional finance moves toward 24/7
Ethereum Dominance in Stablecoin Inflows Fuels DeFi Growth
This week, Ethereum’s dominance in the stablecoin market has reached a new record. According to data from Token Terminal, the stablecoin supply on Ethereum hit $184.1
Compound Temporarily Halts Stablecoin Lending Markets Amid Liquidity Crunch
TL;DR Compound Finance temporarily paused Ethereum lending markets after a liquidity crisis triggered by Elixir’s stablecoins. The move, recommended by Gauntlet, aimed to contain systemic contagion
Japan’s Megabanks Unite to Test Yen Stablecoin With FSA Support
Japan’s Financial Services Agency (FSA) confirmed today it is backing a joint pilot to test yen-pegged stablecoins developed by Mitsubishi UFJ Financial Group, Sumitomo Mitsui Financial
Elixir Stablecoin Implodes After Stream Finance’s $93M Disaster
TL;DR Elixir suspended its synthetic stablecoin deUSD after a severe liquidity shock linked to Stream Finance, which reported a $93M loss and owes approximately $68M to
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