Circle Internet Financial, the issuer of the USDC stablecoin, said it was immediately halting new mints of USDC on Tron and would halt all support for USDC on Tron by February 2025.
The HKGCC made the suggestions in a Budget Submission to the Office of the Financial Secretary, calling for the rollout of stablecoins backed by the U.S. dollar and other leading global currencies.
US Treasury plans to release its 2024 National Strategy for Combatting Terrorist and Other Illicit Finance, which will be based on the 2024 National Risk Assessments.
Japan's MUFG and Ginco have embarked on a new pilot program centered on building a new stablecoin solution that targets to resolve issues in trade settlement in emerging markets.
Tether noted that it prepared its reserves report "using the recognition and measurement principles" of the IFRS without making sufficient disclosures to actually comply with the IFRS.
While TradFi has built a reputation that could withstand the test of time, CBDCs and stablecoins are making a name of their own, with the Fed acknowledging their disruptive impacts in a new report.
The latest Circle report paints a vivid picture: we're on the brink of a Web3 revolution, and claimed apps that empower users are popping up on enterprise-grade blockchains.
A U.S. federal judge has delayed the jury trial of former Terraform Labs CEO and founder Do Kwon, who was charged in February 2023 over the Terra UST and LUNA scandal that saw an estimated $60 billion being wiped out of the digital asset space.
The UNODC report details Tether's role in the massive underground banking networks that support Macau's casino 'junket' operators as well as illegal China-facing online gambling sites.
Nigeria’s blockchain adoption will continue this year, with enterprise solutions taking center stage as blockchain goes beyond hype into the utility phase.
The UNHCR is exploring blockchain with an aim to efficiently deliver financial aid to refugees while protecting their identity, a move that is also crafted to help the world embrace the emerging tech.