Stablecoin Winds Down Stablecoin Vault After msUSD Depeg Panic
Altura is winding down its stablecoin vault after heavy withdrawals linked to panic around MainStreet’s msUSD depeg.
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Altura processed over $8.5M in USDT redemptions within 24 hours before closing the vault. The protocol says market fears and withdrawal pressure drove the orderly wind-down decision. User capital will be returned as portfolio positions are redeemed and settlements are completed. Altura has announced the closure of its stablecoin yield vault after processing more than […] The post Altura Shuts Down Vault as Redemption Requests Surge Past $8.5M appeared first on Live Bitcoin News.
Read full articleAltura is winding down its stablecoin vault after heavy withdrawals linked to panic around MainStreet’s msUSD depeg.
Toss Bank will test Solana-based stablecoin transfers for faster remittances. The pilot explores lower-cost settlement solutions for cross-border payments. South Korea’s evolving crypto rules could support wider blockchain adoption. South Korea’s Toss Bank has partnered with the Solana Foundation to test blockchain-based remittance and settlement infrastructure. The initiative will focus on evaluating whether stablecoins and […] The post Solana Lands Major Bank Deal as Toss Tests Global Payments Network appeared first on Live Bitcoin News.
South Korea’s Toss Bank and Solana Foundation will test stablecoin-based remittance infrastructure through a phased proof-of-concept.
The American Bankers Association sent 8,000 letters to fight one CLARITY Act provision. The reason: stablecoin yield threatens the bank deposit itself.
Systemic stablecoin issuers will now have clearer rules for scaling within the UK's digital money framework.
MEXC, a pioneer in 0-fee digital asset trading, will list Arcium (ARX) in the Innovation Zone, opening trading for ARX/USDT and ARX/USDC pairs on June 22, 2026, at 12:00 and 12:20 (UTC). To celebrate the listing, MEXC has launched an Airdrop+ event, offering users the opportunity to share 70,000 USDT
Bank of England softens sterling stablecoin rules, dropping individual holding limits for a £40B issuer cap and looser reserve treatment.
The Bank of England published draft rules for systemic stablecoins, easing reserve requirements and replacing holding limits with a temporary 40 billion pound issuance cap.