USD Coin News

Hong Kong’s central bank is inviting global stablecoin operators to respond to its proposed rules.

Clearer regulations around stablecoins could make crypto a more viable investment option, according to the “Shark Tank” star.

The hearing on digital assets will involve discussions around four key aspects: crypto exchanges, stablecoin offerings, regulatory concerns in digital assets and federal regulatory responses.

The move comes as the Bank of Japan wants to roll out a digital yen CBDC by the end of next year.

Circle’s Asia plans include a regional headquarters in Singapore, a new venture arm, and investment in a Japanese yen stablecoin.

The total value locked in DeFi protocols soared to $233.8 billion as rising token prices and the increasing integration of stablecoins helped send the metric to a record high.

Circle has published filings revealing it is cooperating with a subpoena from the SEC that it received in July.

The exchange hinted at difficulties in regulatory clarity across the crypto industry in its decision to not bring its Lend product to the market.

While Tether’s dominance has fallen to 56%, USDC and BUSD have surged to 23.9% and 10.4%, respectively.

As onlookers predict that top Chinese property developer and commercial paper issuer Evergrande will default, some analysts believe the firm poses systemic risks to crypto.

Crypto traders flocked to the safety of stablecoins during Tuesday’s market crash.

The Massachusetts senator said that it’s “worth considering” banning U.S. banks from holding the reserves to back private stablecoins.

Coinbase president Emilie Choi expects USDC’s updated reserves policy to be in full effect by September.

USD Coin holders will soon be able to transfer the stablecoin via human-readable addresses across supported wallets and crypto exchanges.

Hop plans to roll out support for additional crypto assets and layer-two networks in the coming weeks.