The crypto payments company announced its launch in Colombia, becoming its ninth live market, as it prepares for a significant growth of crypto adoption in the country. The Colombian peso ranked second among centralized exchange stablecoin purchases, signaling growing demand for crypto payment methods. Oobit Launches Officially in Colombia While crypto is mainly viewed as […]
The proposal could enhance credit unions' competitiveness in digital finance but may strain smaller institutions' resources and compliance capabilities.
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Recent on-chain data indicate the Binance exchange has registered a high volatility in stablecoin inflows in recent days. This observation can be linked to the general market’s choppiness during this period, driven by Bitcoin’s price movements. Pseudonymous reknown analyst Darkfost has shared some insights on this erratic flow in stablecoin flows and its potential implications. Related Reading: Bitcoin Struggles Below Resistance While Fibonacci Support Comes Into Focus Positive Stablecoin Flows Lack Structural Support – Here’s Why In a QuickTake post on May 16, Darkfost highlights recent developments in market liquidity amid the uncertainty shaping broader asset prices. Notably, stablecoin netflow on Binance surpassed $1.5 billion on May 14, signaling a surge in capital ready to enter the market. Tether’s USDT accounted for the majority of these flows, with the ERC20 USDT variant emerging as the most prevalent. In the days prior to May 14, Darkfost notes that Binance has been dominated
Binance stablecoin netflow flipped to over $1.5B positive on May 14, led by ERC20 USDT, reversing days of heavy outflows including a $1.3B bleed on May 12. Something shifted on Binance around May 14. It didn’t announce itself loudly. The chart just flipped green. Stablecoin netflows on the exchange topped $1.5 billion for the day, […]
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The post Russia’s A7A5 stablecoin claims it can thrive post-sanctions, and the numbers are hard to ignore appeared on BitcoinEthereumNews.com.
A stablecoin most people have never heard of has quietly become one of the largest non-dollar stablecoins on the planet. A7A5, a ruble-pegged token issued by a Kyrgyz company called Old Vector, has processed between $70 billion and $100 billion in on-chain transaction volume since launching in January 2025. A7A5 is backed by ruble deposits held at Promsvyazbank, a Russian bank that has been under Western sanctions for years. The token is issued by Old Vector, which operates under Kyrgyzstan’s digital asset regulatory framework, giving it a jurisdictional home that sits outside the direct reach of US and EU enforcement. The token primarily runs on Tron and Ethereum. Its circulating market cap sits above $500 million, making it the 21st-largest stablecoin globally. A7A5 accounts for approximately 15% of Russia’s cross-border monetary transactions.
A7A5's success suggests sanctioned economies might adopt similar stablecoin models to bypass international financial restrictions.
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The post Latam Insights: Coinbase Co-Founder Eyes Venezuela as Grupo Salinas Embraces Stablecoins appeared on BitcoinEthereumNews.com.
Key Takeaways Worth $2.6B, Coinbase’s Fred Ersham met officials to explore investments in Venezuela’s financial revival. Mexico’s Grupo Salinas tapped Anchorage Digital to next use a stablecoin system for cross-border flows. Over $1.7B in illicit flows, Brazil fined Banco Topazio, and enforced a 2-year crypto trading ban. Coinbase Co-Founder Meets with US and Venezuelan Officials in Major Investment Push Fred Ersham, co-founder of U.S.-based cryptocurrency exchange Coinbase and Paradigm, a venture capital firm, has traveled to Venezuela several times and has been meeting with government officials, including interim president Delcy Rodriguez and U.S. Interior Secretary Doug Burgum, according to Bloomberg. Ersham, with a net worth of $2.6 billion, would be interested in investing in several sectors of the Venezuelan economy, including fintech and payments
Welcome to Latam Insights, a compilation of the most relevant crypto news from Latin America over the past week. In this edition, Coinbase co-founder Fred Ersham considers investing in Venezuela, Grupo Salinas partners with Anchorage Digital, and Brazil bans a bank from conducting foreign crypto trades. Coinbase Co-Founder Meets with US and Venezuelan Officials in […]
The post A7A5 stablecoin aims to evolve beyond sanctions as trade tool appeared on BitcoinEthereumNews.com.
There’s a stablecoin you’ve probably never heard of that has quietly become one of the most geopolitically significant tokens in crypto. A7A5, a ruble-backed stablecoin launched in January 2025, has processed over $100 billion in on-chain transactions in less than a year. And now it says it can thrive even if the sanctions it was designed to circumvent disappear entirely. That’s a bold claim for a token that just got hit by the US Treasury’s Office of Foreign Assets Control, the EU, and the UK in rapid succession. But A7A5’s pitch to Russian businesses has shifted: it’s no longer just about dodging Western restrictions. It’s positioning itself as permanent infrastructure for non-dollar trade settlement. From sanctions workaround to trade backbone A7A5 was built to solve a very practical problem: Russian companies couldn’t move money across borders efficiently because most interna