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Hong Kong-based First Digital Group launches redeemable USD-backed stablecoin

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The Hong Kong trust company says the new FDUSD combines the stability of the U.S. dollar with the reliability of Asian regulation.

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Coin Market

Bitcoin erases weekend gains as US-Iran ceasefire falls under pressure

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Bitcoin briefly crashed below $74,000 on Sunday as Iran threatened retaliation for a US military seizure of an Iranian cargo ship.

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Coin Market

Aave’s TVL tanks $8B a day after $293M Kelp DAO hack

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The Aave token fell nearly 20% to $89.5 in just over 24 hours as users withdrew billions of dollars from the lending protocol.

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Coin Market

Stablecoins not a threat to banks in the near-term: Moody’s analyst

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A prohibition on yield-bearing stablecoins and robust payments infrastructure in the US means stablecoins will not eat into banks’ market share.

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