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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

Chainlink's native token dropped more than 5% to $18.41 on Tuesday despite S&P Global Ratings announcing it will publish stablecoin risk assessments directly on blockchain networks through Chainlink's infrastructure. The decline underscores a disconnect between market sentiment and institutional ado

European Union officials issued urgent calls for accelerated development of Euro-backed stablecoins during the Oct. 9 Fintech Forum in Paris, warning that continued reliance on U.S. dollar-denominated digital currencies threatens the region's financial sovereignty. Pierre Gramegna, managing director