Trust Reserve Stablecoin Team Detained in China: PANews
A Trust Reserve stablecoin team was detained by police in China on May 29, according to PANews. The news outlet reported that the team “had been taken away by the police and detained, and the family members of some emplo...
The news outlet reported that the team “had been taken away by the police and detained, and the family members of some employees had been notified.”
The office in Shanghai was vacant and had a seal of “Judicial Seizure, Strictly No Vandalism,” on it, according to PaNews.
Trust Reserve had products including stablecoin CNHC and the Hong Kong dollar stablecoin HKDC. ...
Read More: Trust Reserve Stablecoin Team Detained in China: PANews
Original source
Read on CryptonewsRelated market context
Kraken Adds USDCx Support On Canton As Institutional Stablecoin Rails Expand
TL;DR Kraken says it now supports USDCx deposits and withdrawals on the Canton Network. USDCx is described as a Canton-native stab...
Ripple chases AI’s machine economy as XRPL stablecoins near $1 billion
Stablecoin liquidity on the XRP Ledger (XRPL) has nearly doubled over the past month, putting the network within reach of a $1 bil...
Sky Governance Proposal Seeks To Double USDC PSM Buffer To $800 Million
TL;DR BA Labs has proposed doubling key LITE-PSM-USDC-A parameters in the Sky stablecoin system from 400 million to 800 million. T...
Rob Hadick Warns Tether and Circle Face Rising Pressure From New Stablecoins
Dragonfly General Partner Rob Hadick believes stablecoins are entering a new phase. While USDT and USDC remain dominant today, he...
$1.5 Trillion Transacted: Rain Report Reveals the Massive Scale of Latam’s Stablecoin Economy
The crypto card company stressed that these volumes result from a more conscious use of stablecoins, driven by concrete problem-so...
The future of vaults: neobanks and invisible DeFi
The following is a guest post and opinion from Vincent Maliepaard, VP of Marketing at Sentora. On January 26, 2026, Kraken launche...