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WasabiCard Secures Pre-A Funding to Scale Global Stablecoin Payments
The global stablecoin infrastructure provider WasabiCard has successfully closed its Pre-A financing round, signaling a major milestone in the integration of digital assets with traditional financial systems. With parti…
Coinbase Invests in ProShares IQMM ETF to Enhance Stablecoin Reserves
The major cryptocurrency exchange Coinbase has officially announced a strategic investment in the ProShares GENIUS Money Market ETF (ticker: IQMM). This move is designed to modernize the management of liquid assets back…
JPMorgan CEO Warns Stablecoin Bill May Fail Over Bank Concerns
Jamie Dimon, the Chief Executive Officer of JPMorgan Chase, has expressed significant skepticism regarding the current trajectory of digital asset legislation in the United States. During a recent discourse, the banking…
Tether and Georgia Partner to Launch GEL₮ Stablecoin for National Lari
Tether, the issuer of the world’s largest stablecoin by market capitalization, has officially entered into a strategic partnership with the Government of Georgia to launch GEL₮, a digital asset pegged to the Georgian La…
European Stablecoin Issuer StablR Suffers Suspected $1M Breach
The European stablecoin issuer StablR has reportedly fallen victim to a security exploit involving two of its primary smart contracts. According to data provided by the prominent on-chain investigator ZachXBT on May 24,…
ECB Rejects Proposal to Expand Euro Stablecoins Citing Risks
The European Central Bank (ECB) has formally opposed a proposal aimed at accelerating the growth of euro-denominated stablecoins within the European Union. During a meeting with EU finance ministers on Friday, May 22, 2…
Sui Network Launches Gas-Free Transfers for Major Stablecoins
The Sui blockchain has officially introduced a gas-free stablecoin transfer function, marking a significant shift in how digital assets are moved on-chain. This new feature allows both individual users and commercial en…
Qivalis Gains Support from 37 European Banks for Euro Stablecoin
The Amsterdam-based fintech project Qivalis has significantly expanded its institutional backing, securing the support of 37 European banks for its upcoming euro-pegged stablecoin. According to reports from the Financia…
NCUA Proposes New Operational Standards for Stablecoin Issuers
The U.S. National Credit Union Administration (NCUA) has officially introduced a proposed regulatory framework aimed at governing licensed stablecoin issuers. This initiative seeks to establish comprehensive operational…
KB Financial Group Completes Won-Pegged Stablecoin Payment Trials
The South Korean banking giant KB Financial Group has successfully finalized a comprehensive technical proof-of-concept (PoC) for its Korean Won-pegged stablecoin. This initiative, conducted in collaboration with paymen…