South Korea’s opposition leader, Lee Jae-myung, proposed launching a won-backed stablecoin on May 20 to stem the 56.8 trillion won ($40.8 billion) crypto outflow and reduce dependence on foreign stablecoins…
US Senate Democrats are getting flak after they helped move stablecoin legislation ahead for discussion on the Senate floor.On May 19, 16 Democratic senators broke from the party line to…
In brief
Kevin O’Leary criticized Senator Elizabeth Warren for tying the GENIUS Act to President Donald Trump’s crypto ties, calling her stance “un-American.”
The GENIUS Act, which would regulate stablecoins, advanced in…
In brief
Aave’s token surged 20% as Congress advanced the GENIUS Act, a bill that could bring regulatory clarity to stablecoins.
The protocol, which supports lending and borrowing of major stablecoins, recently…
Key Points:Main event: Lee Jae-myung proposes won-based stablecoin plan.Potentially reduces reliance on foreign stablecoins.Addresses significant capital outflows from South Korea.
Lee Jae-myung, South Korea’s Democratic Party leader and presidential candidate, proposed…
South Korea’s Democratic Party leader Lee Jae-myung proposed creating a stablecoin tied to the Korean won to prevent capital outflows and strengthen national financial sovereignty.Speaking during a recent policy discussion,…
The GENIUS Act, the major bill that aspires to bring clarity to the stablecoin sector, has passed its first big procedural hurdle. Notably, 16 Democrats joined the Republicans on the…
The Tron (TRX) network has registered significant activity in the last seven days in terms of stablecoin volume. Notably, the USDT/USDC stablecoin on the network increased by $2.12 billion, signaling massive…
The U.S. Senate voted to move ahead on stablecoin legislation Monday night, removing a procedural barrier to ultimately passing the bill out of the body entirely.Senators easily cleared the 60-vote…
The US Senate has voted to advance a key stablecoin-regulating bill after Democrat Senators blocked an attempt to move the bill forward earlier in May over concerns about President Donald…