Follow stablecoin news, issuer updates, market share changes, regulation, reserve transparency, and payment adoption trends.
The GAO said that Congress must focus on creating new legislation to address the consumer protection and financial stability issues stemming from the lack of oversight of the crypto industry.
Assad Jafri 2 min read 
South Korean banks' see growing trend towards certificate of deposit tokens as stablecoin alternatives.
The firm behind TerraUSD and Luna has selected Chris Amani as its next leader.
EBA issued five guiding principles for the stablecoin issuers to comply with.
Multichain is down for over 30 hours after the hack while $67.5 million of stolen assets have been frozen and $1.85 million tokens burned.
Bitwage warned that users who fauiled to remove their USDC allocation by July 13 would have their accounts reset.
Circle's USDC seeks to transform Asia's financial infrastructure, leveraging the USD's dominance in trade invoicing.
The Bank of Italy highlighted TerraUSD's collapse and Tether's lesser depeg.
June brought on a significant increase in stablecoin buying power on exchanges, indicating there could be an increase in buying pressure on the market amid large Bitcoin and Ethereum outflows.
