TUSD News Turbo USD

U.S. dollar stablecoins have reached a significant milestone, now constituting about 1% of the U.S. money supply (M2). Their growth rate stands at...

The Senate's GENIUS Act, crucial for U.S. stablecoin regulation, is set for a vote this week and may become law within months, according to...

Recent developments indicate a significant shift in the acceptance and integration of cryptocurrencies into mainstream finance. Amazon and Walmart...

US Treasury Secretary Scott Bessent stated that dollar-pegged stablecoins could exceed $2 trillion in market cap within the next few years during a...

BVNK, a London-based firm, partners with Chinese payments company LianLian to enable stablecoin use among over 100 merchants globally. The...

Conduit, a cross-border payments firm utilizing stablecoins, has secured $36 million in Series A funding to enhance its global payment...

The U.S. Senate is debating a stablecoin regulation bill, with discussions extending into a second week. Key points include: Proponents aimed for...

As competition in the stablecoin sector intensifies amid potential U.S. regulations, traditional financial institutions are increasingly concerned...

Visa's venture capital arm has invested in BVNK, a startup focused on stablecoin-based payment infrastructure. This investment signifies traditional...

The ongoing regulatory changes in the cryptocurrency sector have sparked discussions around preserving its core values while exploring new use...

The CEO of Coinbase, Brian Armstrong, has urged the Senate to discuss the GENIUS Act, which aims to establish regulations for US...

The U.S. Senate and House are reviewing bills to establish a regulatory framework for stablecoins. Key points include: Senator Elizabeth Warren...

Italy raises alarm over U.S. stablecoins' impact on Europe. Finance Minister Giancarlo Giorgetti warns U.S. dollar-backed stablecoins could...

FDUSD, a stablecoin with a market cap of $2.5 billion, experienced a significant depeg to $0.91, losing approximately $200 million in market cap...

In Hong Kong, a conflict emerged between Justin Sun, founder of the Tron blockchain, and First Digital Trust (FDT) regarding allegations of fund...

FDUSD, a stablecoin from First Digital, has fallen below its $1 peg amid concerns over reserves. The token dropped to 0.87 against USDT and 0.76...

Justin Sun provided emergency liquidity support to Techteryx's TrueUSD stablecoin after nearly $456 million of its reserves became illiquid. The...

Brian Armstrong, CEO of Coinbase, emphasized the need for updated US legislation to enable stablecoin holders to earn “on-chain interest.”...

Bitcoin (BTC) is trading near its 200-day average of $84,000 as a notable whale exits its short position. Smaller altcoins like CAKE, TKX,...

MoonPay has acquired Iron, a stablecoin infrastructure platform, enhancing its ability to facilitate stablecoin payments for businesses. The...

The discussion around stablecoins highlights their potential as an alternative to a government-controlled monetary system. Key points include: ...

Bitcoin (BTC) remains above $80,000, influenced by macroeconomic factors. Key developments include: Bitcoin dominance at 62%, nearing a yearly...

European officials warn that US-backed stablecoins threaten the euro's stability and the EU's financial sovereignty. Key points include: The...

The crypto market is recovering with bitcoin rising above $81,000 ahead of the U.S. inflation report. The uptick is primarily driven by layer-1 and...

Senators Bill Hagerty, Tim Scott, Cynthia Lummis, and Kirsten Gillibrand have introduced an updated version of the GENIUS Act to enhance the...

The draft of the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act proposes changes in stablecoin regulation: ...

The crypto market is experiencing a downturn, attributed to the lack of a U.S. government plan to purchase bitcoin as part of a strategic reserve...

Wirex has expanded into the US market, allowing American users to make payments with stablecoins via Visa. Key points include: The partnership...

Binance announced it will delist all non-MiCA compliant stablecoins for users in the European Economic Area (EEA) by March 31, 2025. This decision...

After the unexpected rise in U.S. consumer price inflation (CPI), attention shifts to the upcoming Producer Price Index (PPI) report. Key points...