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Cloudflare has announced plans to launch "NET Dollar," a U.S. dollar-backed stablecoin designed to facilitate payments for autonomous AI agents in e-commerce.
Internet infrastructure firm Cloudflare is launching a U.S. dollar-backed stablecoin as the U.S. Senate prepares to hold a hearing on digital asset taxation.
Stablecoins need consumer protections like fraud prevention and chargebacks to compete with Visa and Mastercard for everyday retail use, says an industry expert.
Stablecoin issuer Tether is in early-stage talks for a funding round of $15-20 billion, which could value the company at an estimated $500 billion.
Tether, the issuer of the USDT stablecoin, is reportedly in talks to raise up to $20 billion in a funding round that could value the firm at $500 billion.
China and South Korea have launched new stablecoins pegged to their national currencies, aiming to boost international trade and enhance their roles in the digital economy.
Tether issued 5 billion USDT in eight days following a U.S. Federal Reserve interest rate cut, signaling expectations of rising crypto market liquidity.
The U.S. Treasury Department is now seeking public feedback to help shape regulations for the GENIUS Act, the nation's first crypto-specific law.
The U.S. Treasury Department has opened a one-month public comment period to help shape the rules for the new GENIUS Act, the nation's first stablecoin law.
