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Tag: Stablecoins

A stablecoin is a fiat-backed cryptocurrency that has a value pegged to another stable asset, such as the US dollar.

China Considers Yuan-Backed Stablecoins to Challenge Dollar Dominance in Crypto

China Considers Yuan-Backed Stablecoins to Challenge Dollar Dominance in Crypto

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China’s State Council is set to review a roadmap later this month that could approve yuan-backed stablecoins to expand the currency’s global reach. The move marks a potential reversal from China’s 2021 crypto ban, driven by efforts to counter U.S. dollar-backed stablecoins dominating 99% of the market. Hong Kong and Shanghai are identified as key hubs for rollout, aligning with recent regulatory frameworks in Hong...

Front page, News, Regulation, Stablecoins

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PXO Reinvents Itself, Creating a New Path to Democratize Investments

PXO Reinvents Itself, Creating a New Path to Democratize Investments

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Mexico City, August 20, 2025 – PXO, the first Mexican peso stablecoin, announces its relaunch with a renewed model and a clear vision: to open access to investment opportunities for more people and businesses, driving participation in the global digital economy. Since its launch in 2021, PXO pioneered the digitization of the Mexican peso on the blockchain. After a period of strategic rethinking and strengthening, the initiative has emerged...

Press release, Stablecoins

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Circle’s Gateway Launch Unifies USDC Across Seven Blockchains

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Circle launched Gateway, enabling unified USDC balances across seven blockchains. The protocol supports instant cross-chain liquidity, enhancing DeFi efficiency. Move aligns with growing demand for interoperable stablecoin solutions. Circle, the issuer of USDC, has launched its Gateway protocol on mainnet, allowing users to maintain a single USDC balance while transferring tokens across seven major blockchains, including...

Breaking, News, Stablecoins

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U.S. House Passes GENIUS Act

U.S. House Passes GENIUS Act: A Milestone for Crypto Regulation

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GENIUS Act Passed: The U.S. House passed the GENIUS Act with a vote of 308-122, marking a historic moment for crypto regulation. Regulatory Framework: The act establishes a clear regulatory framework for stablecoins, requiring 1:1 backing with US dollars or low-risk assets. Bipartisan Support: Received strong support from both parties, with 102 Democrats and 206 Republicans voting in favor. Consumer Protection: Includes stringent...

Crypto regulation, Front page, News, Stablecoins

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Transatlantic Talks Signal Unified Crypto Rules for Stablecoins and Beyond

Transatlantic Talks Signal Unified Crypto Rules for Stablecoins and Beyond

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Joint U.S.-EU Talks: Regulators from the U.S. and EU are intensifying efforts to align policies on cryptocurrencies, stablecoins, and central bank digital currencies (CBDCs), aiming for a cohesive global framework. Focus Areas: Discussions emphasize cross-border oversight, financial stability, and consumer protection, with stablecoins and CBDCs as key priorities. Global Implications: A unified approach could strengthen the U.S....

Cryptocurrencies, Front page, News, Regulation, Stablecoins

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