Banks are taking tough measures on stablecoin rates as talks in the White House stall

Crypto and banks clashed over stablecoin rewards, with no agreement reached before the March 1 deadline. Banks and crypto executives met again at the White House this week to settle a dispute over stablecoin rewards, but the talks ended without an agreement before a March 1 government-set deadline. The impasse centers on whether crypto companies […]

Vitalik Buterin denounces ‘fake’ DeFi and backs ETH-based Algo Stablecoins

Buterin criticized modern DeFi as centralized in disguise, arguing that USDC yield farming lacks core principles. Ethereum co-founder Vitalik Buterin has questioned the legitimacy of popular USDC return strategies, arguing that they do not follow the principles of true decentralized finance (DeFi). His criticism was in response to crypto analyst C-node, who said most modern […]

Crypto Industry Proposes to Share Stablecoin Reserves with Community Banks: Report

Crypto companies offered concessions on stablecoins, including sharing reserves with banks, to ease tensions that blocked a major digital asset account. The crypto industry has reportedly proposed sharing stablecoin reserves with community lenders as it steps up efforts to win over skeptical banks. The move aims to preserve the stalled crypto market structure law, which […]

Tether withdraws $20 billion fundraising plans after investor pushback (report)

Tether has scaled back fundraising talks to around $5 billion after investors pushed back on a proposed $500 billion valuation. Tether has reportedly scaled back its planned multi-billion dollar fundraising target after receiving backlash from investors. According to a February 4 Financial Times report, advisors to the stablecoin issuer are now exploring the possibility of […]

Stable currency growth poses a $500 billion risk to bank deposits and net interest margins

Standard Chartered warns that stablecoins could drain up to $500 billion from bank deposits in developed markets by 2028. US banks are increasingly at risk of losing their deposits to the digital asset space as stablecoins continue to gain traction. The concern stems from the growing adoption of stablecoins, with the total supply in circulation […]

Crypto cards gain ground in real-world payments, rising from $100 million to $1.5 billion: report

Crypto card payments rose from $100 million to $1.5 billion by 2025, surpassing P2P stablecoin transfers as the main driver of on-chain activity. Crypto-linked card payments have surpassed peer-to-peer (P2P) stablecoin transfers as the main driver of on-chain stablecoin activity. A new study from blockchain analytics firm Artemis shows that these transactions have quietly grown […]

Pakistan partners with World Liberty Financial to test USD1 Stablecoin for cross-border payments

The agreement highlights Pakistan’s growing interest in stablecoins to complement its digital currency and payments strategy. Pakistan has signed a Memorandum of Understanding with a company affiliated with World Liberty Financial (WLF) to explore the use of its USD1 stablecoin. The agreement represents one of the first publicly announced collaborations involving WLF and comes at […]