In a recent statement, the CEO of Bank of America said their bank is exploring releasing a stable coin. However, there is no set timeline, citing low client demand and ongoing assessments of scale and potential partnerships. Morgan Stanley is closely monitoring developments, while Citigroup and JPMorgan have also indicated interest in stablecoin initiatives.
Tether, the company behind USDT stable coin on various blockchains has announce dit will be ending support on Omni, Bitcoin Cash SLP, Kusama, EOS, and Algorand blockchains starting September 1, 2025, as part of a strategic infrastructure review. It is very important that you move your funds to more popular blockchains where USDT is actively being used and supported.
Cryptocurrency exchange Bitget has announced that it will be sponsoring MotoGP world championship. This is the first collaboration between MotoGP and a crypto company. MotoGP is also known as the F1 of motorcycle events.
Walmart and Amazon are both considering their own USD-pegged stable coins to cut down on the payment costs and accelerate settlements as well. The plans hinge on the Genius Act’s regulatory clarity. Both firms may also join a merchant-led stablecoin consortium or adopt third-party solutions.
Avalon Labs has announced burn of whopping 80 million AVL tokens that amount to 44-percent of total circulating supply. These tokens are part of the unclaimed airdrop that was launched last year.
Crypto stablecoins are coming major technology companies including Apple, X (twitter), Airbnb, and Google. This is being done to reduce the transaction costs and improve cross-border payment efficiency.
Meme tokens pump hard, either in up or down direction. Most of the traders loose money on meme coins and tokens with only the developer and handful of people actually making money on meme coins. One such very lucky trader is James Wynn, who went long on PEPE with meager $7000, back in 2023.
Upbit offers sUSD stablecoin which has not been very stable lately. It has been unable to maintain its peg to 1 USD. There has been significant volatility in the associated token SNX.
Kraken is delisting USDT, EURT, PYUSD, UST, and TUSD for users in the European Economic Area (EEA) due to new regulatory guidance. Spot trading will be sell-only from February 27, and by March 31, all remaining balances will be auto-converted to USDC.
CAKE is the native token of PanCakeSwap, which is Binance’s answer to uniswap. It is a fully featured DEX allowing users to trade without creating any account or does not need any KYC. Users on the web and android phones can trade directly from their wallets. Being a native token has its own perks.
