stablecoin market

The UAE has become the first country to grant a Stored Value Facilities (SVF) license to a cryptocurrency platform, allowing regulated digital asset payments. This landmark approval enables UAE residents to pay government fees using cryptocurrencies, integrating virtual asset payments into the nation's regulated financial system and bolstering its digital economy.

We have had time to prepare for the challenges we may face now with the conflict in West Asia. But we didn’t get our house in order. Hopefully, there is still time to do the heavy lifting and rise to PM’s appeals

Coinbase is cutting about 14% of its global workforce, impacting around 700 jobs. This move is driven by the evolving role of artificial intelligence in operations and ongoing crypto market fluctuations. The company aims to streamline its structure and enhance efficiency. Restructuring is expected to conclude by the second quarter of 2026.

From cheaper autonomy to costlier capital, a post-dollar world could test India’s economic model

The prestigious guest list made the event look more like a state visit than a ceremony for a non-binding stablecoin agreement that is exploratory in nature and doesn’t involve a major financial commitment. A group photo showed the 32-year-old son of Trump adviser Steve Witkoff flanked by Pakistani PM Shehbaz Sharif and Field Marshal Asim Munir.

The US Senate has moved forward with the Genius Act, a bill designed to regulate stablecoins. Despite Democratic concerns about President Trump's potential conflicts of interest due to his cryptocurrency ventures, the bill passed a key procedural vote. It introduces comprehensive regulations for stablecoins, including reserve requirements and consumer protections.

Cryptocurrencies have been swept up in a sell-off in risk assets, which has picked up steam this week as data showed US inflation running hot, deepening investor fears about the economic impact of aggressive central bank tightening.

As cryptocurrency prices plummeted this week, with bitcoin losing around a third of its value in just eight days, stablecoins were supposed to be isolated from the chaos. But an unexpected collapse in the fourth-largest stablecoin TerraUSD, which broke from its 1:1 dollar peg, has brought the asset class under renewed attention.

China might permit yuan-backed stablecoins. This move aims to enhance the yuan's global presence. The State Council will review a plan to compete with US stablecoins. Leaders will discuss stablecoin adoption. Hong Kong and Shanghai are expected to lead local rollouts. Discussions on yuan and stablecoin usage may occur at the Shanghai Cooperation Organisation Summit. This could reshape global finance.

Stablecoins are known for their non-volatility as opposed to all the other inherently volatile cryptocurrencies. These are stable because of being pegged to fiat money like the US dollar or Euro.

Stablecoins were among the hottest digital assets in 2021, holding 8.24 percent share of the entire crypto market according to a recent report by coingecko.com.