Stablecoins News — Page 8

Stablecoin issuers, reserves, bank settlement, payments and regulation, with reporting on USDT, USDC and other digital currencies.

Pakistan explores stablecoin payments with Trump-linked crypto venture

Pakistan is exploring the use of a Trump-linked stablecoin for regulated payments and remittances, marking a rare sovereign-level engagement with a politically connected crypto venture. The move underscores Islamabad’s ambition to become a global crypto hub while testing stablecoins as part of its evolving digital finance strategy.

Bitcoin acts as an unexpected backstop for the dollar, Coinbase CEO says

Coinbase CEO Brian Armstrong says Bitcoin indirectly supports the US dollar by acting as a market check on inflation and excessive spending. While Bitcoin offers a pressure valve during economic stress, stablecoins may play an even more direct role in extending dollar dominance worldwide.

$50M USDT Lost After Wallet Address Spoofing Trick

A crypto user lost nearly $50M in USDT after copying a poisoned wallet address from transaction history. The incident highlights how address spoofing scams exploit habit and speed, not technical flaws.

Circle Wins Abu Dhabi License as UAE Accelerates Stablecoin and Crypto Regulation

Quick Take: Circle has received approval to operate as a Money Services Provider in Abu Dhabi, aligning with the UAE’s broader push to expand its crypto and DeFi regulatory framework. The move positions USDC for wider adoption across the region as the UAE continues to establish itself as a leading global hub for digital assets.

Trump Defends CZ Pardon, Denies Personal Ties Amid Binance–Stablecoin Allegations

President Trump defended pardoning Binance’s CZ, claiming no personal connection and calling the case politically motivated. He dismissed reports linking Binance to a $2B stablecoin deal tied to Trump’s WLFI platform, emphasizing his focus on “making crypto great for America.” The move underscores his pro-crypto stance — and reignites debate over political influence in digital asset regulation.

South Korea’s First Won-Backed Stablecoin to Launch on Circle’s Arc Network

Circle’s Arc blockchain is gaining momentum as BDACS prepares to launch South Korea’s first won-backed stablecoin, KRW1, connecting Korean fintech to global crypto infrastructure. The move comes amid debate over whether banks should control stablecoin issuance — highlighting Korea’s balancing act between regulation and innovation.