Tagged: stablecoin

Stablecoin Issuer Tether Introduces Policy to Enhance Digital Asset Ecosystem Security

Tether, which claims to be the largest company in the cryptocurrency industry, announced its latest initiative aimed “at safeguarding the cryptocurrency ecosystem.” On December 1, 2023, the company made the decision to “initiate a new voluntary wallet-freezing policy designed to combat activity connected with Sanctioned… Read More

Stablecoin Adoption: Circle and Nubank to Extend USDC Access to Brazilian Consumers

Circle and Nubank (NYSE:NU), which claims to be one of the world’s largest digital financial platforms serving 90 million customers across Brazil, Mexico, and Colombia, announced a partnership to extend USDC access to Brazilian Nubank customers. Circle’s USDC is the reported as being one of the… Read More

SBI Holdings and Circle to Enable Digital Currency Innovation in Japan with USDC, Banking, Web3 Services

SBI Holdings, Inc. announces that it has concluded a Memorandum of Understanding with Circle Internet Financial, a global financial technology firm and the issuer of USDC, the world’s regulated stablecoin, “to circulate USDC stablecoins, establish a banking relationship and promote the use of Circle’s Web3… Read More

Stablecoin Standard and Chainlink Labs Form Channel Partnership to Enable Adoption of Stablecoins

Stablecoin Standard, the industry body for stablecoin issuers, has established a channel partnership with Chainlink Labs, developers of the industry-standard decentralized computing platform Chainlink. This partnership will support “the adoption of stablecoins through education, resources, and shared initiatives.” Stablecoin Standard is the industry body for… Read More

Following Investigations by Tether, OKX, US DoJ, $225M in “Stolen” USDT Now Frozen, Funds “Linked” to Crime Syndicate

Tether, the largest company in the cryptocurrency ecosystem, and leading global crypto exchange and Web3 technology company OKX, announced that they have assisted the United States Department of Justice (DOJ) in an investigation that “led to Tether proactively and voluntarily freezing approximately 225 million in… Read More

Circle Alliance Program to Focus on Building Internet Financial System

Circle is focused on creating the world’s largest and most widely used regulated stablecoin network. To do that, Circle are partnering with and empowering “a global community of industry-leading businesses to bring the convenience of stablecoins and Web3 technology to billions of people around the… Read More

Paxos Obtains In Principle Approval from MAS for New Entity, Will Issue USD-Backed Stablecoin in Singapore

Singapore at Night Marina Bay

Paxos, the regulated blockchain & tokenization infrastructure platform, secured in principle approval (IPA) from the Monetary Authority of Singapore (MAS) for its new Singapore entity, Paxos Digital Singapore Pte. Ltd. to offer digital payment token services. Paxos Digital Singapore will issue “a new US dollar… Read More

Stablecoins: Circle Introduces Upgrade to USDC and EURC that Reduces Gas Costs, Improves Support for Account Abstraction

Circle has unveiled a new v2.2 upgrade to USDC and EURC that significantly reduces gas costs, improves support “for account abstraction, and further bolsters security for transactions on EVM blockchains.” The upgrade adds to the momentum of USDC innovation “after its recent expansion to 6… Read More

Latin America: Transfero to Use Finery Markets Crypto ECN Solution to Enhance OTC Digital Currency Liquidity

Transfero, an international financial solutions company and the owner of Brazilian and Argentinian Digital Tokens (BRZ and ARZ), stablecoins pegged to Brazilian Real and Argentinian Peso, deploys Finery Markets’ FM Liquidity Match in order “to offer institutional customers a seamless and robust over-the-counter (OTC) cryptocurrency… Read More

Stablecoin Adoption Report: Stablecoins Are Not “Stable,” But Digital Currencies Are Still in Early Stages of Development

Anneke Kosse, Marc Glowka, Ilaria Mattei, and Tara Rice have examined in a new paper whether stablecoins do actually live up to their name and whether they serve as a reliable means of payment and store of value. Senior Economist Anneke Kosse attempts to address… Read More

Stablecoin Adoption: FCA and Bank of England Release Proposals for Regulating Stablecoins

The Financial Conduct Authority (FCA) and the Bank of England are requesting feedback on their proposed approach to regulating stablecoins. The Bank’s proposals cover “any payment systems in the future that use stablecoins in the UK at systemic scale.” Stablecoins are a new type of… Read More

Hong Kong Unveils New Fintech Development Initiatives

The Financial Services and the Treasury Bureau (FSTB) of Hong Kong has announced a set of groundbreaking initiatives during the Hong Kong FinTech Week 2023, aimed at integrating fintech developments with the real economy. The comprehensive plan includes the launch of an Integrated Fund Platform… Read More

Tether Freezes 32 Crypto Addresses Reportedly Linked to Terrorism, Warfare in Israel, Ukraine

Tether, the largest stablecoin company in the world, reaffirmed its commitment to working closely with law enforcement agencies across the globe to combat cryptocurrency-funded terrorism and warfare. To date, Tether has “aided 31 agencies worldwide with investigations across 19 jurisdictions, freezing a total of $835… Read More

Top Stablecoin Tether is Nine Years Old

Tether, the leading stablecoin with a market cap of over $83 billion, is nine years old. A note from the firm reminds us that on October 6th, 2014, the dollar-based stablecoin ($USDT) launched on the Omni blockchain. Today, Tether’s nearest competitor is a third of… Read More

Tether Invests in Northern Data Group, Set to Become Established AI Provider in Europe

Tether, the company behind the leading stablecoin USDT, is pleased to announce its strategic investment into Northern Data Group through Damoon, a Tether group company. With an $83 billion market capitalization, Tether is expanding its reach “beyond fintech, following recent investments in energy production, bitcoin… Read More

Australia: ANZ Bank to Integrate Chainlink CCIP for Cross-Chain Transactions

Chainlink notes that, ANZ Bank,, one of the largest institutional banks in Australia, used Chainlink CCIP to successfully demonstrate a cross-chain purchase of tokenized assets “with A$DC, an ANZ-issued stablecoin of the Australian Dollar.” .@ANZ_AU, one of the largest institutional banks in Australia, used Chainlink… Read More

Stablecoins: Crypto Payments Platform BitPay Adds PayPal USD (PYUSD) Stablecoin Support

BitPay, which claims to be the world’s largest provider of Bitcoin and cryptocurrency payment services, announced it has rolled out PayPal USD (PYUSD) payments for merchants and consumers. Xsolla will be one of the first merchants “to accept PYUSD, enabling their customers to buy any… Read More

Stablecoins Now Serve A Key Role in DeFi Protocols, Acting as a Reliable Medium of Exchange Between Crypto Tokens – Report

Stablecoins are digital currencies which are pegged to major (and relatively stable) fiat currencies like the US dollar, Euro, the British pound (among others). Recently, the team at S&P Global provided a deep dive report into valuation and depegging of stablecoins. As explained in the… Read More

Bitfinex and Tether CTO Paolo Ardoino to Testify in Alleged Crypto Market Manipulation Lawsuit

Bitfinex and Tether Chief Technical Officer Paolo Ardoino will be deposed as part of a class-action lawsuit against both firms and their related executives. This past Monday, a New York judge reportedly made the decision to deny Ardoino’s request to further delay his deposition until… Read More

Visa Expanding Stablecoin Capabilities via Solana Network Enhances the Credibility of the Crypto Space, According to Industry Professional

Austin Federa, head of strategy at the Solana Foundation, recently noted that firms such as Visa (NYSE: V)  expanding their stablecoin capabilities via the Solana network enhances the perception of the crypto space, which has witnessed numerous scandals and lawsuits during the last few months…. Read More

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