Stablecoin

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Reading Time: 2 minutesThe GENIUS Act failed to pass an initial Senate vote last week, stalling bipartisan efforts to regulate stablecoins Democratic opposition has intensified over concerns about President Trump’s financial ties to crypto ventures Senate leaders have initiated renegotiations, aiming for a revised vote as early as this week The U.S...

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies

WASHINGTON, DC - FEBRUARY 03: U.S. Secretary of Treasury Scott Bessent (L) and Howard Lutnick, U.S. ... More President Donald Trump's nominee for Commerce Secretary, (R) stand behind U.S. President Donald Trump as he speaks to reporters in the Oval Office of the White House on February 03, 2025 in Washington, DC. After signing a

He believes that once the stablecoin and market structure bills pass, the floodgates will open for major tech companies to embrace crypto. With these companies combined, that’s a whopping 3 billion people who could potentially tap into the world of cryptocurrency. Are we going to have stablecoin bills soon? Stablecoin Bills Could Clear the Path

Unlike cryptocurrencies with prices moved by volatile global exchange markets online, stablecoins use similar techniques for security and trust, but as digital representations of currencies like the dollar and euro. They can provide efficient and low-cost payment rails for traditional central bank cash, but with some of the features and advantages of blockchain. So they

Sonic Labs has suddenly dropped its plan to launch a USD-backed algorithmic stablecoin, shifting its focus to a UAE dirham-backed alternative. The decision comes as stablecoin regulations tighten in the US, thus, the company is shifting its focus to the United Arab Emirates (UAE) dirham. Sonic Labs’ Sudden U-Turn Just a week after hinting at

Sonic, a decentralized finance (DeFi) project supported by the famous DeFi architect Andre Cronje, has recently been in the news for its impressive developments in both stablecoin issuance and total value locked (TVL).  As DeFiLlama reported earlier today, the stablecoin ecosystem of Sonic has seen a remarkable 106% increase over the last seven days, reaching