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Stablecoin demand is on the rise, with market capitalization surpassing $231 billion in May 2025. Stripe, a global payments platform, has introduced stablecoin-based accounts to clients in over 100 countries. According to a May 7 announcement, the new feature will allow the platform’s clients “to send, receive, and hold US-dollar stablecoin account balances, similar to…
The vote on the airdrop proposal will close on May 14, and at the moment, those in favor are way ahead, with 99.97% voting yes. Trump family-backed crypto platform World Liberty Financial (WLFI) is proposing to airdrop a small amount of its new US dollar-pegged stablecoin to reward early WLFI holders in a test of…
Kyrgyzstan signed a memorandum of understanding with Binance to launch Binance Pay in the country on May 4. Binance co-founder Changpeng “CZ” Zhao has proposed Bitcoin and BNB as the first digital assets to form Kyrgyzstan’s national crypto reserves. On May 5, Zhao shared on X that he advised Kyrgyzstan to start with Bitcoin (BTC)…
Tether AI’s crypto payment support will be enabled via a newly launched wallet development kit that enables self-custodial wallets for Bitcoin and Tether’s USDt. Tether AI, the forthcoming artificial intelligence platform from stablecoin giant Tether, will feature payments in major cryptocurrencies, including USDt and Bitcoin. Tether CEO Paolo Adroino took to X on May 5…
A group of nine US Senate Democrats say they will oppose the stablecoin bill in its current form, threatening its chances of passing. A group of US Senate Democrats known for supporting the crypto industry have said they would oppose a Republican-led stablecoin bill if it moves forward in its current form. The move threatens…
Tether’s current reserves excess is at its lowest point since Q2 2024 when the company held $5.3 billion in reserves. Tether, the company behind the world’s largest stablecoin by market capitalization, has released its financials for the first quarter of 2025, disclosing nearly $120 billion in exposure to US Treasurys and over $1 billion in…
After a rough couple of months, data suggests that traders are finally becoming comfortable with ETH’s current valuation. Key takeaways: Traders remain cautious about ETH’s price action, but optimistic sentiment is beginning to return. The May 7, Ethereum Pectra upgrade could boost investor sentiment, but ETH’s price action shows investors are still hesitant to open…
The stablecoin issuer is already the US Dollar’s “largest exporter,” its CEO said. Tether plans to launch a stablecoin product in the United States as soon as this year, the stablecoin issuer’s CEO, Paul Ardoino, said in an April 30 CNBC interview. Tether’s flagship stablecoin, USDT (USDT), is already the US dollar’s top “exporter,” Ardoino…
Mastercard also partnered with OKX for a crypto-enabled bank card, which Mastercard product chief, Jorn Lambert, said creates a “360-degree approach” to stablecoins. Mastercard says it will allow merchants across its network to be paid with stablecoins in a partnership with payment processor Nuvei and stablecoin issuers Circle and Paxos. Through the venture, 150 million…
The new card will be backed by Mastercard, but faces steep competition from similar products offered by centralized exchanges. Wallet provider MetaMask is launching a crypto payments card that will allow users to spend self-custodied funds, offering crypto holders additional ways to use their tokens. The new card is backed by Mastercard and is being…