XRP is currently trading at $2.34 with a market capitalization of $135.76 billion, placing it in fourth position behind tether (USDT) at $142 billion, while its 24-hour global trade volume stands at $6.07 billion within an intraday price range of $2.31 to $2.55, reflecting a decline of 31.3% from its all-time high.

Cambodia's central bank revokes Huione Pay's license over regulatory violations amid accusations of facilitating illicit transactions.

The company announced that deposits and withdrawals of the popular stablecoin are now live on the Crypto.com App. This will give users another way to access fast and low-cost transactions.

The FBI has offered up to $10 million for the capture of ex-Olympian who used USDT for alleged drug- and murder-related payments and money laundering. The post FBI Offers $10M for Capture of Ex-Olympian Who Used USDT for Alleged Criminal Activity appeared first on Cryptonews.

Tether froze $28 million in USDT on Russian crypto exchange Garantex, forcing it to shut down operations following EU sanctions and amid increased scrutiny of platforms linked to financial crime.

If convicted, former Olympian Ryan Wedding faces life in prison for allegedly running a transnational drug syndicate that leveraged USDT.

MYRIAD's new USDC markets will drive more accurate predictions, and redefine the revenue model for media and creator content.

Sanctioned Russian crypto exchange Garantex is announcing the suspension of its operations after Tether blocked its platform's wallets. In a new Telegram announcement on Thursday, the Russian exchange says that Tether has blocked Garantex's wallets, which contained over 2.5 billion rubles, about $28 million. “Dear users! We have bad news.

Stablecoin operator Tether has revealed that it has frozen $27 million in USDT on the sanctioned Russian crypto exchange, Garantex. The cryptocurrency exchange has also suspended all its trading and withdrawal services.

Russian cryptocurrency exchange Garantex has temporarily suspended all its services after Tether froze $28 million worth of USDT held on the exchange. The announcement came via a Telegram post from Garantex on March 6, 2025, detailing the suspension of all operations, including cryptocurrency withdrawals. The exchange disclosed that Tether's action impacted wallets containing over 2.

Garantex, a Russian crypto exchange under US sanctions, accused Tether of attacking the Russian crypto market.

Tether, the largest stablecoin issuer, has immobilized roughly $28 million in USDT tokens on Garantex, a cryptocurrency platform based in Russia. This measure corresponds with the European Union's sanctions against Garantex, which allege ties to Russian governmental entities and illicit networks, particularly amid Russia's military operations in Ukraine.

Sanctioned crypto exchange Garantex has halted operations following Tether's decision to freeze $27 million worth of USDT on the platform. In a March 6 announcement on Telegram, the exchange confirmed a temporary suspension of crypto trading and withdrawals, citing Tether's decision to freeze its funds.

Russian cryptocurrency exchange Garantex on Thursday said stablecoin Tether had blocked digital wallets on its platform holding more than 2.5 billion roubles ($28 million), forcing it to suspend operations days after coming under EU sanctions.

"Tether has entered the war against the Russian crypto market and blocked our wallets worth over 2.5 billion rubles," Garantex said.

Tether has frozen $27 million worth of USDT USDT linked to the Russian crypto exchange Garantex, which is under international sanctions.

Tether has recently made a significant decision that has shaken the cryptocurrency market in Russia.

Sanctioned crypto exchange Garantex has shut down its services shortly after Tether froze nearly 2.5 billion in worth of USDT in Russian rubles.

Crypto exchange Garantex has halted all trading and withdrawals after Tether froze almost $28 million of its stablecoin USDT tied to the platform.

Crypto exchange Garantex halted trading and withdrawals after Tether froze about $27 million of its stablecoin USDT tied to the platform.

Tethers longtime CFO, Giancarlo Devasini, has stepped down and now serves as chairman, maintaining a low profile in Lugano, Switzerland. In contrast, Circle founder Jeremy Allaire actively engages with politicians and Wall Street executives, highlighting the ideological and business rivalry between the two stablecoin giants.

A WSJ article delved into the contrasting styles between Tether's Giancarlo Devasini and Circle's Jeremey Allaire.

The stablecoin issuer Tether has hired a new chief financial officer (CFO) and committed to completing a full audit. The veteran finance executive Simon McWilliams will now serve as CFO for Tether, which issues the dollar-pegged USDT, the top stablecoin by market cap.

The European Securities and Markets Authority (ESMA) confirms custody and transfers of stablecoins are not restricted under MiCA. Crypto asset service providers of Europe must restrict offering stablecoin acquisition services.

Circle, the issuer of the world's second-largest stablecoin by market cap USDC, plans to have the first seamless bridged-to-native USDC upgrade rolled out on layer 2 blockchain Linea. In an announcement on Mar.

Despite delistings, ESMA clarifies that custody and transfers of non-MiCA compliant stablecoins are not explicitly prohibited.

As Europe prepares for a heavy enforcement of the Markets in Crypto Assets (MiCA) law, crypto exchanges are moving to ensure compliance. Binance, the biggest crypto exchange by market cap, has announced plans to delist stablecoins for European users.

The ESMA has clarified that the custody and transfers of stablecoins, such as USDT (Tether), are not restricted by the MiCA regulation.

Tether has appointed Simon McWilliams as its new Chief Financial Officer (CFO) to lead its efforts toward a full financial audit, reinforcing its commitment to transparency. The move comes as Tether expands its institutional reach.

The European Securities and Markets Authority confirmed that MiCA rules do not explicitly ban non-compliant stablecoin custody and transfers.

In two X posts published on March 2 and March 3, respectively, Tether CEO Paolo Ardonio shared his plan for solving the electricity hunger in Africa.

Ethena Labs' USDe continues to make moves to position itself as a logical alternative to USDC and USDT as the stablecoin competition heats up. The latest in a series of progressive moves Ethena Labs has made regarding USDe involves Bybit, one of the largest exchanges in the industry right now.

TRON (TRX) has emerged as a dominant force in the world of stablecoin transfers, processing a staggering $11.4 billion in USDT (Tether) transactions. Recent data from CryptoQuant reveals that the blockchain has processed 1.89 million transactions, accounting for a significant portion of stablecoin activity in the market.

USDC won approval to become the first dollar-pegged stablecoin issued in Japan by crypto exchange SBI, according to Circle CEO Jeremy Allaire.

SBI VC Trade announced the completion of its initial registration for stablecoin transactions, paving the way for specific use cases related to USDC.

SBI VC Trade will be the first to list Circle's stablecoin under the country's new payments framework.

SBI VC Trade has become Japan's first company to receive official approval to handle stablecoins like USD Coin (USDC), marking a significant step in the country's crypto market. On March 4, the firm announced its registration as an “Electronic Payment Instruments Business Operator” under Japan's updated regulatory framework.

The new service is expected to rollout in June.

Top global crypto exchange Binance is delisting Tether's USDT and other stablecoins for European customers because the digital assets are not compliant with new regulations in those countries.

SBI VC Trade, the cryptocurrency subsidiary of Japan's financial giant SBI Holdings, is set to introduce support for Circle's USDC stablecoin. The post SBI's Crypto Arm to Support USDC as Japan Eases Stablecoin Regulations appeared first on Cryptonews.

TRON dominates USDT transfers with $11.4B in inflows—will this trigger the next big market move?

SBI VC Trade has become the first financial platform in Japan to secure registration for USDC transactions, marking a major step forward.

SBI Group's crypto unit SBI VC Trade is set to commence USDC stablecoin service later this month.

TRON-based USDT increased its activity, and still expecting the launch of the no-fee feature. The token turned Binance into one of its biggest holders.

The crypto unit of SBI Group said it is the first in the country to complete such registration to process USDC transactions.

Following registration, SBI VC Trade expects to launch its first USDC stablecoin transactions for selected users on March 12.

Binance is delisting several stablecoins, including USDT, for European Economic Area (EEA) residents due to non-compliance with MiCA regulations. USDT Woes Continue Top crypto exchange Binance announced on March 3 that it would delist several stablecoins not compliant with MiCA on its platforms used by residents in the European Economic Area (EEA).

Tether, the stablecoin giant, has announced the appointment of Simon McWilliams as its new Chief Financial Officer (CFO).