How stablecoins helped Base’s TVL surge to $5.8 billion

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Base’s stablecoin supply crosses $2.3 billion. The platform maintains the third-largest TVL market share. After introducing the native creation of stablecoin USDC, Base has experienced a significant growth in the amount of this digital currency circulating on their system. The expansion of this project has significantly boosted the value of stablecoins within its system, as … Read more

Crypto users fooled by fake Elizabeth Warren letter proposing crypto tax

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Several social media users seemed deceived by a supposed anti-crypto policy drafted by Massachusetts Senator Elizabeth Warren. However, the letter disseminated was a forgery. On April 21st, there was an outpouring of disappointment among Crypto Twitter users over what appeared to be a genuine letter from Senator Warren to President Biden. The letter, featuring a … Read more

Lummis-Gillibrand bill will ban algorithmic stablecoins: Law Decoded

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Senators Kirsten Gillibrand and Cynthia Lummis of the United States have proposed a new law to create guidelines for managing digital currencies called payment stablecoins. The law intends to prevent the use of “unsecured, algorithmically managed stablecoins,” a possible reference to TerraUSD (UST) losing its peg to the US dollar in 2022. Issuers must keep … Read more

Stablecoin, retail CBDC sandboxes are on South African payments roadmap

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The Digital Payments Plan from South Africa’s Reserve Bank has been unveiled, aiming to achieve the objectives of their 2015 Vision 2025 strategy. The country’s progress in embracing digital payment methods has been “relatively slow,” according to the report. To make up for lost time, potential strategies were explored, such as implementing cryptocurrencies and central … Read more