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China's financial regulators have ordered the country's largest technology companies to abandon plans to launch stablecoins in Hong Kong, dealing a significant blow to the city's ambitions to become a global digital asset hub and underscoring Beijing's determination to maintain absolute control over

Japan's financial establishment is making its boldest move yet into digital currencies, with the country's three largest banks joining forces to issue a unified yen-pegged stablecoin that could reshape corporate payments across Asia's second-largest economy. Mitsubishi UFJ Financial Group (MUFG), Su

The world's largest stablecoin issuer has frozen $13.4 million in USDT across 22 wallet addresses on the Ethereum and Tron networks, according to blockchain monitoring firm MistTrack. The action comes as Tether faces mounting legal scrutiny over its methods for blocking funds, with a Texas-based fir

BlackRock will launch a money market fund Thursday designed to meet new federal stablecoin requirements, positioning the asset management giant to handle reserves for major digital currency issuers as Washington tightens oversight of the $313 billion market. What to Know: BlackRock's new fund compli

The New York Department of Financial Services confirmed Wednesday that Paxos mistakenly created $300 trillion in unbacked PayPal USD (PYUSD) stablecoins during a routine transfer operation on October 15, marking one of the largest fat-finger errors in financial history. The regulator stated it remai