Tag: #stablecoin

Standard Chartered launches institutional USDC minting and redemption in Dubai, echoing BNY Mellon

Standard Chartered began offering eligible institutional clients USDC minting and redemption via its Dubai arm; BNY Mellon announced a similar Circle-linked service days earlier.

#stablecoin, #usdc, #banking, #circle, #bny

Tether burns 2.5 billion USDT on Ethereum; reason unclear

On-chain records show Tether burned about $2.5 billion USDT on Ethereum on July 7. The company has not provided a same-day explanation.

#tether, #usdt, #stablecoin, #ethereum

$687.7M USDC Routed Through Unknown Wallet on Solana, On-Chain Records Show

On-chain records show 687.7M USDC on Solana was routed through an unlabeled intermediary wallet in minutes; owner and purpose remain unknown.

#crypto, #stablecoin, #usdc, #solana

Bank of England and FCA set out handoff for oversight of systemic UK stablecoins

Bank of England and FCA explain how oversight of UK stablecoin issuers would shift if one is deemed systemic, clarifying who regulates issuers as they scale.

#stablecoin, #uk, #regulation, #bankofengland, #fca

500 Million USDT Transferred From Binance Wallet to Tether Treasury on June 2

Public blockchain records show a 500 million USDT transfer from a Binance-labeled wallet to Tether Treasury on June 2, part of a recurring pattern.

#crypto, #tether, #binance, #stablecoin, #ethereum

White House Analysis: Ban on Stablecoin Yields Would Add Only Modest Bank Lending

CEA research finds a federal ban on stablecoin yields would raise U.S. bank lending by about $2.1 billion under current conditions; worst‑case $531B.

#stablecoin, #banks, #regulation, #fintech

USD1 Stablecoin Deployed on Chain Tied to Project Involving People Later Sanctioned in Prince Group Crackdown

A Guardian/OCCRP probe found WLFI’s USD1 was deployed on AB Chain, whose promoted Timor‑Leste resort involved people later sanctioned in the U.S.–U.K. Prince Group action.

#crypto, #stablecoin, #wlfi, #abchain, #sanctions