Tether is in talks for a multibillion-dollar equity raise valuing the firm at close to half a trillion. CEO states fundraising would significantly expand Tether’s operations across multiple business areas. USDT leads stablecoin market with US$172B supply; Cantor Fitzgerald supports in an advisory role. Tether is said to be holdingContinue Reading
Yield-bearing stablecoins generate income by investing reserves in interest-bearing assets like US Treasuries, unlike traditional static stablecoins. Australia’s forthcoming 2025 legislation will require full reserve backing, clear ownership disclosure, and guaranteed redemption rights for stablecoins. Australian companies like Catena Digital and AUDC are developing domestic stablecoins (AUDM and AUDD) withContinue Reading
Australia’s market regulator, ASIC, has granted class relief to secondary distributors of stablecoins issued by Australian Financial Services (AFS) licensed issuers, removing significant regulatory overhead for distributors. The relief currently only applies to one stablecoin, AUDM issued by Catena Digital, but ASIC said it may extend the relief as moreContinue Reading
A South Korean digital asset custody firm, BDACS, has launched KRW1, a stablecoin fully backed by the South Korean won, on the Avalanche blockchain. Each KRW1 token is backed one-to-one with reserves held at Woori Bank, one of the country’s largest commercial banks, with a real-time verification system to ensureContinue Reading
Bitwise has filed with the SEC for a new “Stablecoin & Tokenization ETF,” a fund designed to provide exposure to companies and assets in the growing stablecoin and tokenisation sectors. The fund’s index will be split into two equally weighted halves: an equity sleeve of companies involved in stablecoins andContinue Reading
Former White House adviser Bo Hines leads USAT, signalling serious intent for US growth. USAT merges tokenisation with strict regulatory oversight, aiming to reshape the landscape of US finance. Despite USDT dominance, USAT directly targets Circle’s USDC as the regulated US stablecoin option. Tether has unveiled USAT, a dollar-backed stablecoinContinue Reading
Bitwise CIO Matt Hougan has criticised US banks for lobbying against stablecoins, arguing that they should instead increase the interest rates on deposits to compete with the new financial products. Hougan’s comments were a direct response to a Bloomberg report that highlighted the vulnerability of community and regional banks toContinue Reading
According to a new report from Citi, the investment bank expects 10% of the global post-trade market to be processed using stablecoins and tokenised securities within the next five years. The report highlights that the digital asset sector is “tantalizingly close to a structural transition” and that adoption is beingContinue Reading
Customers can convert savings into DCJPY tokens, targeting returns of 3–5% from securities. The deposit token differs from stablecoins by running on a permissioned bank-managed blockchain. Japan’s government is advancing digital finance rules, including stablecoin licences and ETF considerations. From FY2026, Japan Post Bank customers will be able to convertContinue Reading
The total stablecoin market has grown to an all-time high of US$280 billion, doubling in size since the beginning of 2023, with projections from McKinsey analysts seeing it grow to over US$2 trillion by 2028. The growth and institutional adoption are largely attributed to the passage of the GENIUS ActContinue Reading