Stablecoins

Stream Finance has paused all deposits and withdrawals after an external fund manager caused a $93 million loss. Its stablecoin XUSD dropped sharply below $1, and the platform has hired legal experts to investigate and recover remaining assets.

Hong Kong is allowing licensed crypto platforms to connect local clients with international liquidity pools for the first time. This change could attract global players and let exchanges list new tokens and stablecoins while keeping investor protections in place.

Binance founder Changpeng “CZ” Zhao is threatening to sue U.S. Senator Elizabeth Warren for defamation after Warren accused him of money laundering in a viral post on X (formerly Twitter). Zhao’s legal team, led by attorney Teresa Goody Guillen, has issued a formal demand for Warren to retract her statements, warning that a lawsuit will follow if she does not comply.

World Liberty Financial is handing out a $1.2 million token airdrop targeting early users of its USD1 stablecoin. This campaign marks the second time the Trump-linked firm has rewarded its loyal community, underscoring how populist-style giveaways are becoming a signature tactic in the former president’s digital-asset empire.

Japan has officially released its first yen-backed digital asset, called JPYC. The release of the new Japanese stablecoin comes at a time when many countries are competing to fight for the growing market.

Ant Group is quietly tested the limits of Beijing’s crypto red lines by secretly filing to trademark digital currency dubbed “Antcoin” in Hong Kong through a Cayman Islands subsidiary.

The European Union has just released its 19th sanction on Russia, putting in place even stricter regulations that cut off cryptocurrency platforms and a ruble-backed stablecoin used by Russian entities to bypass financial restrictions.

Tether’s USDT stablecoin has surpassed 500 million users worldwide, marking a major milestone in global financial inclusion. The company says this growth shows how digital dollars are becoming a vital tool for savings and payments, especially in emerging markets.

China has reportedly stepped in to halt stablecoin initiatives by Ant Group and JD.com in Hong Kong, reigniting the debate over who holds the “right of coinage” in the world’s second-largest economy.

Singapore merchants can now accept stablecoin payments through HitPay and Triple-A. Payments are instantly converted to fiat, letting businesses receive funds quickly and securely.