StraitsX has launched its Singapore dollar-pegged stablecoin, XSGD, on the XRP Ledger to meet the rising demand for regulated multi-chain stablecoins in cross-border payments.

The U.S. Senate is poised to try another high-stakes procedural vote to push stablecoin legislation forward, which could mark a major win for the crypto sector.

JUST IN: 🇺🇸 US Government launches investigation into Coinbase customer data theft.

JUST IN: 🇺🇸 Senator Bill Hagerty says crypto "stablecoin issuers will be the largest holders of US treasuries in the world."

Cryptocurrencies reversed early losses as risk assets shrugged off the Moody's U.S. debt downgrade.