stablecoin market

Coinbase is cutting about 14% of its global workforce, impacting around 700 jobs. This move is driven by the evolving role of artificial intelligence in operations and ongoing crypto market fluctuations. The company aims to streamline its structure and enhance efficiency. Restructuring is expected to conclude by the second quarter of 2026.

From cheaper autonomy to costlier capital, a post-dollar world could test India’s economic model

The prestigious guest list made the event look more like a state visit than a ceremony for a non-binding stablecoin agreement that is exploratory in nature and doesn’t involve a major financial commitment. A group photo showed the 32-year-old son of Trump adviser Steve Witkoff flanked by Pakistani PM Shehbaz Sharif and Field Marshal Asim Munir.

A global hiring shift is positioning India as a major cross-border talent hub, according to Deel’s State of Global Hiring Report 2025. While demand for Indian tech professionals and AI trainers is rising sharply, the data reveals a persistent value gap, raising a crucial question: is India capturing the rewards of the digital talent boom, or primarily supplying the workforce powering it?

Crypto giant Tether is now a leading gold buyer, acquiring nearly two tonnes weekly, surpassing many nations. This move, driven by its tokenized gold product and diversification strategy, sees the company amassing significant bullion reserves. Tether's substantial gold purchases are reshaping global demand, with its holdings now rivaling central bank levels.

The US Senate has moved forward with the Genius Act, a bill designed to regulate stablecoins. Despite Democratic concerns about President Trump's potential conflicts of interest due to his cryptocurrency ventures, the bill passed a key procedural vote. It introduces comprehensive regulations for stablecoins, including reserve requirements and consumer protections.

Cryptocurrencies have been swept up in a sell-off in risk assets, which has picked up steam this week as data showed US inflation running hot, deepening investor fears about the economic impact of aggressive central bank tightening.

As cryptocurrency prices plummeted this week, with bitcoin losing around a third of its value in just eight days, stablecoins were supposed to be isolated from the chaos. But an unexpected collapse in the fourth-largest stablecoin TerraUSD, which broke from its 1:1 dollar peg, has brought the asset class under renewed attention.

China might permit yuan-backed stablecoins. This move aims to enhance the yuan's global presence. The State Council will review a plan to compete with US stablecoins. Leaders will discuss stablecoin adoption. Hong Kong and Shanghai are expected to lead local rollouts. Discussions on yuan and stablecoin usage may occur at the Shanghai Cooperation Organisation Summit. This could reshape global finance.

Stablecoins are known for their non-volatility as opposed to all the other inherently volatile cryptocurrencies. These are stable because of being pegged to fiat money like the US dollar or Euro.

Stablecoins were among the hottest digital assets in 2021, holding 8.24 percent share of the entire crypto market according to a recent report by coingecko.com.