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Crypto custody firm BitGo is set to launch a new dollar-backed stablecoin in 2025. It's called USDS and its aim is to shake up the market with a novel backing system, which is called 'open participation'. Unlike most of the stablecoins out there, that are backed by one institution's fund, USDS will

Circle, the stablecoin issuer, is teaming up with Sony Block Solutions. The goal? Make USDC the go-to token on Sony's Soneium blockchain. This move brings bridged USDC to Soneium. It's a big deal for creators and users looking for safe, borderless transactions. What's bridged USDC? It's USDC moved f

The England High Court of Justice has dropped a bombshell. It's ruled that Tether's USDT stablecoin is property. This verdict's got the crypto world buzzing. Crypto pundit GS took to X (formerly known as Twitter) to break it down. He reckons this could be a game-changer for USDT adoption. Why? It's

Tether, TRON, and TRM Labs have teamed up. They're launching a private sector crime unit. It's called the T3 Financial Crime Unit (T3 FCU). The goal? To fight dodgy USDT use on the TRON blockchain. USDT is the biggest stablecoin out there. It's also become a go-to for some shady dealings. The new un

Trust Wallet, a crypto wallet backed by ex-Binance boss CZ, is seeing user growth in developing regions. Africa and South Asia are the hotspots. Users there want stablecoins like USDC for financial stability. Trust Wallet CEO Eowyn Chen spilled the beans to CryptoNews at Korea Blockchain Week 2024.