Stablecoins

Binance clarified that BFUSD is not a stablecoin after concerns arose over its high yields and comparisons to Terraform Labs' failed TerraClassicUSD.

Tether’s WDK toolkit offers an open-source, self-custodial solution for creating BTC and USDT wallets for both humans and AI. Scalable and modular, it supports platforms from mobile to robotics, with future updates bringing UI templates and multi-blockchain support for Tether-backed stablecoins.

The Global Dollar Network, backed by major fintech and crypto firms, has introduced USDG, a new stablecoin tied to the US dollar to promote stablecoin adoption globally. Issued by Paxos from Singapore, USDG aims to meet regulatory standards and encourage use in real-world transactions.

Paxos has launched its Global Dollar (USDG), a new stablecoin approved by Singapore's Monetary Authority, which is backed 1:1 by the US dollar and managed by DBS Bank. This initiative aims to enhance compliance and security in the stablecoin market while expanding USDG's global reach through partnerships with various crypto platforms.

玻利维亚加速采用稳定币技术，Bisa Bank成为该国首家提供USDT交易服务的银行。客户可通过其平台进行USDT的购买、出售、持有及跨境汇款，进一步推动稳定币在玻利维亚的普及和金融现代化。

Siam Commercial Bank has introduced Thailand's first stablecoin remittance solution, enabling 24/7 cross-border payments with enhanced security and efficiency. This initiative sets a new standard for financial transactions in the region.

Fracture Labs has sued Jump Trading, accusing it of running a "pump and dump" scheme with DIO tokens, allegedly manipulating the token's price for profit during FractureLabs' fundraising.

Stripe's Pay with Crypto is the first to use Paxos' new stablecoin payments platform, enabling instant conversions between various stablecoins. Will this launch boost stablecoin adoption in the payments industry?

Senator Hagerty’s draft stablecoin legislation, similar to a House proposal, adds momentum to efforts to create a regulatory framework, though challenges remain in reaching bipartisan agreement.

Stripe now accepts Solana's stablecoins, $USDC and $USDP, simplifying crypto payments and enhancing the shopping experience for businesses and customers alike.