Hong Kong is accelerating efforts to build a regulated digital-asset ecosystem, advancing stablecoin licensing and expanding crypto market infrastructure even as mainland China maintains a strict ban on cryptocurrency activity.
A White House meeting on stablecoin yield and rewards ended without a deal, but participants described the discussions as more productive than previous talks, according to details shared by journalist Eleanor Terrett.
Binance’s expanding role in the circulation of USD1 is drawing attention across the crypto industry, after new data showed the exchange controls most of the stablecoin’s supply. The concentration is raising questions about risk, influence, and transparency around politically connected…