Stablecoin regulation more likely this year following key discussions among lawmakers

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USDe maintains full collateralization amid first market ‘stress test’

Ethena Labs, the entity behind the USDe synthetic dollar, has released the asset’s first attestation report, which shows the stablecoin remained fully collateralized over the past week despite significant turbulence in the crypto market.

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US senator claims Biden administration uses crypto as ‘scapegoat’ to mask failures in halting illicit finance

In a pointed critique during a Senate hearing on April 9, Senator Tim Scott accused the current US administration of making digital assets the “scapegoat” in efforts to combat terrorism financing, ignoring more significant, more traditional sources of such funding, particularly those benefiting Iran

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Ethena’s USDe Bitcoin collateral exceeds $500 million in a week

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Jury finds Do Kwon, Terraform Labs liable for multi-billion dollar fraud

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CEO Firestorm: Ripple Leader Lambasts Crypto News Site For ‘Embarrassing’ Content

A firestorm erupted in the cryptocurrency world this week after Ripple, the company behind the XRP token, announced its foray into stablecoins. The move sparked a public spat with Coindesk, a prominent cryptocurrency news outlet, raising questions about Ripple’s future and the fate of XRP.

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Experts worry Ethena’s Bitcoin-backing strategy for USDe could bring ‘contagion risks’

CryptoQuant CEO Ki Young Ju has voiced concerns about Ethena’s recent decision to incorporate Bitcoin as a backing asset for its USDe synthetic dollar.
On April 4, Ethena Labs revealed plans to onboard BTC as a backing asset for USDe to create a safer product for its users.

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Circle CEO praises Ripple for launching own stablecoin on XRP

Jeremy Allaire, the CEO of stablecoin issuer Circle, has welcomed Ripple’s entrance into the market.
Earlier today, crypto firm Ripple revealed plans to launch a stablecoin that would be 100% backed by US dollar deposits, government bonds, and cash equivalents.

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Solana’s stablecoin supply surges past $3 billion, USDC leads the charge

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