Several major South Korean companies have said they have not formally joined the newly announced Open USD (OUSD) consortium, despite being listed among its participating organizations. Open Standard, the independent entity behind the stablecoin, previously said it had assembled over 140 businesses to launch OUSD, a dollar-pegged stablecoin, later this year. Korean Companies Push Back […]
Open USD (OUSD) stablecoin has emerged as one of the crypto market’s biggest trending topics after the project drew attention with the announcement of a consortium-backed stablecoin initiative involving more than 140 companies. Developed by Open Standard, the stablecoin is expected to go live later this year. Open USD Frenzy According to the latest findings […]
Digital asset infrastructure company BitGo is reducing its workforce by nearly 15% as it shifts its focus toward stablecoins, trading, security, settlement services, and AI-powered infrastructure. BitGo co-founder and CEO Mike Belshe said the company made the decision because the financial services and crypto sectors have changed significantly, requiring the firm to become more focused […]
Coinbase’s vice president of tax, Lawrence Zlatkin, testified before the House Ways and Means Committee on June 9, asking lawmakers to stop requiring Americans to calculate capital gains every time they spend a stablecoin or pay a blockchain transaction fee. His testimony came during a hearing on six standalone bills aimed at updating how the […]
Popular crypto analyst EGRAG CRYPTO has claimed that banks are fighting stablecoins not because they are risky, but because they allow people to hold, move, and potentially earn returns on dollars without relying on traditional bank deposits. His sentiment comes as US lawmakers continue to negotiate crypto legislation and stablecoin rules, while banks and digital […]
The Senate Banking Committee voted 15-9 on Thursday to move forward on the CLARITY Act, a crypto market structure proposal that has been the subject of debate for a while now. Nevertheless, just ahead of the vote, the Bank Policy Institute (BPI) put out a series of tweets on X about illicit crypto flows hitting […]
The Solana Foundation has partnered with Google Cloud to launch Pay.sh, a platform that allows AI agents to use and pay for API services using stablecoins on Solana. The two built the payment gateway service to solve a common problem in software development, where even advanced AI systems still need human intervention to create accounts, […]
The leading stablecoin issuer has released its attestation report for the first quarter of 2026, revealing a net profit of more than $1 billion. The company was able to generate such profit despite broader volatility and unstable market conditions. This development comes as stablecoins evolve into major dollar infrastructure globally, especially in markets with limited […]
Just hours before attending another event in the White House from which he had to be evacuated after multiple gunshots were heard, US President Donald Trump delivered a 45-minute keynote speech at his own meme coin gathering at Mar-a-Lago. According to attendees cited by several journalists, he spoke about several major hot topics, including the […]
The Solana blockchain processed about $650 billion in stablecoin transactions in February 2026, setting a new monthly record, according to The Kobeissi Letter. That spike placed stablecoin activity far above traditional benchmarks, with monthly volumes now approaching $2 trillion and outpacing CME gold future trading by a wide margin. Solana Leads Record-Breaking Surge in Stablecoin […]