Reading Time: < 1 minuteStandard Chartered Bank Hong Kong, Animoca Brands, and Hong Kong Telecommunications (HKT) have announced plans to develop a stablecoin backed by the Hong Kong dollar.

Reading Time: < 1 minuteOn January 21, Circle Internet Financial, the issuer of stablecoins, acquired Hashnote, the issuer of US Yield Coin (USYC), a fund that tokenizes real-world assets (RWA).

Reading Time: < 1 minuteThe European Union is looking to regulate stablecoins that do not follow the MiCA regulations, citing concerns over their potential risks and challenges.

Reading Time: < 1 minuteTether has entered the world of venture capital with its recent investment of $2 million in Arcanum Capital’s Arcanum Emerging Technologies Fund II.

Reading Time: < 1 minuteHong Kong has taken a significant step towards establishing a regulatory framework for stablecoins with the publication of the proposed Stablecoins Bill.

Reading Time: < 1 minuteRemote, a global payroll provider, has announced that it will now enable US-based companies using its services to pay contractors in 69 countries using USD Coin.

Reading Time: < 1 minuteThe US Financial Services Oversight Council has urged the government to create regulations for the issuance of stablecoins, citing potential risks to the financial system.

Reading Time: < 1 minuteTether has announced that it will no longer support its euro-pegged stablecoin, EURt. Users are being asked to redeem their EURt holdings within a year.

Reading Time: < 1 minuteAccording to a press release by Paxos, leading fintech and digital asset companies have come together to launch the Global Dollar Network.

Reading Time: < 1 minuteTether has suggested to the Turkish government the creation of tokens that represent borate minerals.