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Stables Labs announces phased USDX recovery plan following severe depeg

Stables Labs announces phased USDX recovery plan following severe depeg

After a few days of silence, Stables Labs has announced a “USDX Restoration Arrangement” following the depeg of its synthetic stablecoin. It stated that “due to market liquidity conditions and liquida...

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1 min
Hong Kong FinTech Growth Highlights AI, Blockchain, and Tokenization Potential Amid JPEX Scam Lessons

Hong Kong FinTech Growth Highlights AI, Blockchain, and Tokenization Potential Amid JPEX Scam Lessons

Hong Kong’s FinTech ecosystem has expanded significantly over the past decade, with startups tripling to nearly 5,000 and FinTech firms reaching 1,200. Director Xu Zhengyu highlights AI, blockchain, a...

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1 min
Japan’s Top Financial Watchdog Endorses Joint Stablecoin Pilot By Country’s Three Largest Banks

Japan’s Top Financial Watchdog Endorses Joint Stablecoin Pilot By Country’s Three Largest Banks

Japan’s financial regulator, the FSA, has officially announced its support for a stablecoin pilot involving the country’s three largest banks....

ZyCrypto logoZyCrypto
1 min