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In an extraordinary attempt at damage control, Paxos CEO Charles Cascarilla sought to reframe his company's accidental minting of $300 trillion worth of PayPal's PYUSD stablecoin as evidence of blockchain technology's inherent transparency rather than a catastrophic operational failure. Speaking at

XDC Ventures, the investment arm of the XDC Network, has acquired Contour Network, a digital trade finance platform originally founded by a consortium of global banks including HSBC, Standard Chartered, BNP Paribas, Citi, DBS, ING, and Bangkok Bank. The acquisition positions the XDC Network as a cen

The governance token of a high-profile stablecoin protocol backed by a Tether co-founder has collapsed more than 80% from its peak, triggering insider trading allegations and raising uncomfortable questions about coordinated sell-offs that netted millions in profits for mysterious wallet addresses.

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