Global #stablecoins.

The Canadian Securities Administrators (CSA) have once again extended the deadline for crypto trading platforms (CTPs) to comply with regulations concerning stablecoins, marking the second such extension.

In a recent development reported by Bloomberg, TrueCoin and TrustToken have reached an in-principle settlement with the U.S. Securities and Exchange Commission (SEC) concerning misleading statements about the backing of their TrueUSD stablecoin.

Crypto giants Robinhood and Revolut are exploring the possibility of launching their own stablecoins, according to unnamed sources cited in a Bloomberg report.

This week, Tether has made headlines by issuing an additional $1 billion in USDT on the Ethereum blockchain, bringing its total market capitalization to approximately $119 billion.

​In a groundbreaking development for the Web3 space, stablecoin issuer Circle has announced a strategic partnership with Sony Block Solutions Labs to enhance the adoption of its USDC stablecoin on the new Soneium blockchain.

Tether, the prominent stablecoin issuer, has announced the appointment of Jesse Spiro as its new Head of Government Affairs.