Cryptocurrency News Roundup: CBDC Delays, Stablecoin Shifts, and Aave Buyback
April 7, 2025 – The cryptocurrency market saw several significant developments today, including a delay in Russia’s Central Bank Digital Currency (CBDC) launch, Tether’s potential for a new U.S.-focused stablecoin, and a sizable token buyback initiative by Aave.
Russia Delays CBDC Launch
Russian banking executives have announced a postponement of the country’s Central Bank Digital Currency (CBDC) launch. The previously anticipated launch date has been pushed back to mid-2026. The exact reasoning behind the delay was not immediately released.
Tether Eyes New U.S. Stablecoin
Tether, the world’s largest stablecoin issuer, is reportedly considering developing a new, U.S.-specific stablecoin. CEO Paolo Ardoino suggests this new stablecoin would be built from the ground up to meet U.S. regulatory requirements. This represents a significant shift in strategy, as Tether’s existing USDT stablecoin will likely focus on emerging markets.
Aave DAO Approves $1 Million Weekly Token Buyback
Aave, a leading decentralized finance (DeFi) protocol, has approved a $1 million weekly token buyback program. The Aave DAO (Decentralized Autonomous Organization) voted overwhelmingly in favor of this initiative amid the current market downturn. This buyback is expected to begin on April 9th.
Tether’s Potential Domestic Stablecoin, in response to U.S. Regulations
Furthering Tether’s strategy shift, the company is reportedly exploring the possibility of developing a U.S.-only stablecoin, in response to upcoming or existing regulatory changes within the United States. This highlights the significant impact regulatory landscapes are having on stablecoin issuers.
Changpeng Zhao Advocates for Long-Term Investments
Binance CEO Changpeng Zhao emphasized the importance of focusing on long-term projects over meme coins and short-term trends, signaling a shift away from quick speculation in the market. (Source: https://coincu.com/330791-changpeng-zhao-long-term-projects/)
