Brazil’s congressional committee has approved Bill 4,308/2024 to strengthen stablecoin oversight. The law requires all stablecoins to be fully backed by reserves, banning unbacked tokens like Ethena’s USDe and Frax. Issuers of unbacked coins could face up to eight years in prison, and exchanges handling foreign stablecoins such as USDT and USDC must follow strict compliance and risk rules. This move is set to reshape Brazil’s crypto market.
USDC stablecoin issuer Circle Internet Group Inc. (NYSE: CRCL) has posted $2.7 billion (+64% YoY)…
Polkadot price is back in action as the 'OG-Crypto’ has gained huge attention following a…
XRP is gaining strength again. The token is up about 6% in the past 24…
The claim sounds dramatic at first: one day, owning just 100 XRP might feel like…
In the downtrend, HYPE has climbed to 8.2% of circulating supply held by digital asset…
The cryptocurrency market staged a strong comeback over the past 24 hours, with major digital…
