Christopher Hui, Secretary for Financial Services and the Treasury, told local newspaper that the region may issue stablecoin licenses this year but the number is likely to remain 'in the single digits.'
Ex-ECB board member Lorenzo Bini Smaghi warned the EU's slow roll-out of euro stablecoins could cede control to dollar-backed tokens.
Rostec, the Russian defense and technology conglomerate, announced on July 3 that it will introduce a ruble-pegged stablecoin and a linked payment network this year, utilizing Tron infrastructure. According to the Russian news agency TASS, Rostec named the token RUBx and set a one-to-one exchange rate with the ruble. Deputy General Director Alexander Nazarov stated that the corporation […]
The post Russian defense conglomerate Rostec to launch ruble-pegged stablecoin on TRON appeared first on CryptoSlate.
Hong Kong’s stablecoin licensing regime is set to go live on August 1, a move confirmed by Secretary for Financial Services and the Treasury, Christopher Hui. Speaking at the Hong Kong Digital Finance Awards on July 3, Hui stated the region is committed to building a comprehensive virtual asset ecosystem through a prudent regulatory regime […]
The post Hong Kong activates stablecoin licensing on August 1 in major digital asset push appeared first on CryptoSlate.
They propose launching stablecoins in Hong Kong backed by the offshore yuan, aiming to boost the Chinese currency's global role
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Data of the Bitcoin Stablecoin Supply Ratio suggests investors have stronger purchasing power today than during the previous bull rally. Bitcoin Stablecoin Supply Ratio Showing Neutral Purchasing Power In its latest weekly report, the on-chain analytics firm Glassnode has talked about the latest trend in the Stablecoin Supply Ratio (SSR) of Bitcoin. This indicator measures the ratio between the Bitcoin supply and the supply of stablecoins. Related Reading: Dogecoin Bounces Back With 8% Gain—Is $0.26 In Sight? Stablecoins are cryptocurrencies that have their price tied to a fiat currency. The SSR specifically measures the supply of the stablecoins tied to the US Dollar (USD). As for the role that these assets play in the sector, Glassnode explains: Stablecoins have become a critical component of the digital asset ecosystem, serving as the primary quote asset for trading across both centralized and decentralized venues. Functionally, they represent readily available capital, or “dry powder”, available for digital asset purchases. As such, the SSR compares the Bitcoin supply against this available dry powder. In other words, it tells us about how the cryptocurrency compares against the investor’s purchasing power. When the value of the metric is high, it means the BTC supply is high compared to the stablecoin supply. In other words, the trader’s purchasing power is weak. On the other hand, the indicator being low suggests there is high dry powder available relative to the BTC supply. In the context of the current discussion, the SSR itself isn’t of focus, but rather a modified indicator called the SSR Oscillator. According to the analytics firm, the metric measures “how the 200d SMA of the SSR moves within the Bollinger Bands BB(200, 2).” Now, here is a chart that shows the trend in the Bitcoin SSR Oscillator over the last few years: As displayed in the above graph, the Bitcoin SSR Oscillator has been close to the zero mark during the last couple of months, indicating the investor purchasing power is more or less neutral compared to the size of the BTC supply. Related Reading: Bitcoin Short-Term Upper Bound Is $117,000, Glassnode Says From the chart, it’s visible that the trend was different during the rally beyond $100,000 that occurred late last year. Back then, the SSR Oscillator took on a highly positive value, suggesting the stablecoin supply was low relative to BTC. The cryptocurrency is currently also trading around the same levels as then, yet the SSR is showing a different story. “Despite similar price levels, this shift suggests that investor purchasing power has improved markedly, reflecting stronger underlying demand conditions,” notes the report. BTC Price At the time of writing, Bitcoin is trading around $109,500, up over 2% in the last seven days. Featured image from Dall-E, Glassnode.com, chart from TradingView.com
Ant Group and JD urged the PBOC to authorize yuan-backed stablecoins in addition to those pegged to the Hong Kong dollar, Reuters reported.
Stablecoin issuer Tether has signed a Memorandum of Understanding (MoU) with Adecoagro S.A. to explore a strategic collaboration centered on renewable-powered Bitcoin mining, according to a July 3 statement. Adecoagro, one of South America’s leading producers of sustainable agricultural goods and energy, is evaluating how its more than 230 MW of renewable energy capacity can […]
The post Tether and Adecoagro join forces on renewable-powered Bitcoin mining venture appeared first on CryptoSlate.
Arthur Hayes, the co-founder of BitMEX, believes the US Treasury may soon turn to stablecoins to navigate its growing debt challenges. In a July 3 post, Hayes argued that the US government’s increasing dependence on bond sales risks destabilizing financial markets unless new strategies emerge. According to Hayes, the Treasury is struggling to find enough […]
The post Arthur Hayes says US banks may unlock $6.8 trillion T-bill buying power through stablecoins appeared first on CryptoSlate.
Swiss-based AMINA Bank will provide custody and trading for Ripple’s RLUSD stablecoin. The move offers the relatively new dollar-pegged asset with a European base inside a FINMA-licensed institution, a development that integrates the stablecoin directly into a regulated banking environment for institutional and private clients. The integration marks one of the first adoptions for RLUSD […]
The post Ripple’s new Swiss banking deal unlocks a European corridor in stablecoin wars appeared first on CryptoSlate.
88% of current stablecoin demand comes from crypto-native activity, with payments accounting for only 6%, the report said.
88% of current stablecoin demand comes from crypto-native activity, with payments accounting for only 6%, the report said.
Stablecoins captured three-quarters of institutional crypto OTC volume in the first half of 2025 as interest surges.
Adecoagro said it "plans to use this mining project to initiate certain strategic exposure to Bitcoin in its balance sheet."
The DOJ alleges that scammers posed as the Trump-Vance Inaugural Committee to defraud a donor of a total $250,300 in cryptocurrency.
A New York bankruptcy judge has allowed Celsius to pursue claims that Tether allegedly improperly liquidated its bitcoin collateral.
The partnership will integrate Ripple's payments network with OpenPayd's fiat rails, supporting Ripple USD (RLUSD).
Ripple applied for a national bank charter with the Office of the Comptroller of the Currency (OCC) on July 2, CEO Brad Garlinghouse wrote in a post on X. The filing would place Ripple USD (RLUSD) under federal supervision while maintaining its existing oversight by the New York Department of Financial Services, creating a “new […]
The post Ripple seeks a national bank charter approval to place RLUSD under state and federal oversight appeared first on CryptoSlate.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
The Trump family received an estimated $390 million from World Liberty's token sale and $150 million from the Official Trump memecoin launch.
A US Bankruptcy Court has ruled that Celsius Network may proceed with several claims in its lawsuit against stablecoin issuer Tether, according to a June 30 order from Judge Martin Glenn. According to the filing, the court allowed Celsius to pursue allegations that Tether violated US bankruptcy laws by receiving preferential transfers and unjustly liquidating […]
The post Celsius gets go-ahead in legal battle to recover $4B in Bitcoin from Tether appeared first on CryptoSlate.
Real-time payment rails and stablecoins belong together, said Ivy CEO Ferdinand Dabitz.
The AllUnity joint venture was granted a BaFin license this week to launch its MiCA-compliant euro stablecoin.
Circle Gateway will enable a unified USDC balance for users to access the tokens real-time across different networks, the company said.
The new Layer 1 called Stable, which launched out of stealth in June, previously disclosed it is backed by USDT0 and Bitfinex.
A KRW stablecoin could effectively iron out the spread between exchanges and end the "kimchi premium."
Prominent blockchain investigator ZachXBT has criticized two prominent stablecoins, including Ripple’s RLUSD and Circle’s USDC, highlighting concerns about their compliance and adoption strategies. In a now-deleted social media post, ZachXBT questioned Ripple’s RLUSD stablecoin, arguing that it lacked an authentic user base and relied on paid partnerships to create the illusion of organic growth. Due […]
The post ZachXBT deletes call out of Ripple RLUSD adoption but questions trust appeared first on CryptoSlate.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Citi's $243 price target suggests roughly 34% upside from last night's close just above $181.