Tagged: stablecoin

November 13, 2023 @ 8:12 am By Omar Faridi  |  

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

November 10, 2023 @ 4:24 pm By Omar Faridi  |  

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

November 10, 2023 @ 8:23 am By Omar Faridi  |  

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

November 6, 2023 @ 8:17 am By Omar Faridi  |  

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

November 2, 2023 @ 11:11 pm By Michael Wong  |  

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

October 17, 2023 @ 8:42 am By Omar Faridi  |  

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

October 6, 2023 @ 10:30 am By JD Alois  |  

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

September 22, 2023 @ 6:20 am By Omar Faridi  |  

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

September 15, 2023 @ 4:45 pm By Omar Faridi  |  

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

September 13, 2023 @ 9:18 am By Omar Faridi  |  

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

September 12, 2023 @ 6:47 pm By Omar Faridi  |  

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

September 12, 2023 @ 7:57 am By Omar Faridi  |  

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

September 9, 2023 @ 3:17 pm By Omar Faridi  |  

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

September 1, 2023 @ 5:44 pm By Omar Faridi  |  

USDC issued by Circle will reportedly be “native to OP Mainnet and can be considered the official form of USDC for the ecosystem.” Over time, native USDC liquidity may “grow and replace the currently circulating bridged USDC liquidity that comes from Ethereum.” Native USDC will… Read More

August 27, 2023 @ 8:38 pm By Omar Faridi  |  

Num Finance, the issuer of local stablecoins in Latin America, has launched its newest stablecoin, nCOP. Designed to be pegged to the Colombian Peso, nCOP is now “live on the Polygon network, Num Finance’s primary blockchain partner.” This launch represents a major expansion of the… Read More

August 24, 2023 @ 10:17 am By JD Alois  |  

Circle has announced that its dollar-based stablecoin, USDC, will be added to six new blockchains including; Base, Cosmos via Noble, NEAR, Optimism and Polkadot, and Polygon PoS. The first five will be added in September, with Polygon joining in October. By adding USDC to these… Read More

August 22, 2023 @ 9:35 pm By Omar Faridi  |  

USDC is launching on six new blockchains, and Coinbase (NASDAQ:COIN) says that it is increasing its support for stablecoins with an investment in Circle. Circle will reportedly “take full control over USDC issuance and governance.” Meanwhile, Coinbase and Circle will also “maintain a commercial relationship.”… Read More

August 20, 2023 @ 5:13 pm By Omar Faridi  |  

Alpaca Crypto is pleased to share updates with their traders and partners. Starting from 9 am EST on Friday, August 18th, they will be rolling out support “for new cryptocurrencies, expanding their USDC pair support, and facilitating deposits and withdrawals for all supported Ethereum (ERC-20)… Read More

August 13, 2023 @ 10:41 pm By Omar Faridi  |  

The number of cryptocurrency-focused ETFs aiming to launch has exploded in the past two weeks, the team at NYDIG Research noted. NYDIG Research has looked at the implication of these developments, “plus the strategy one fund took to get ahead.” Fintech giant PayPal has entered… Read More

August 13, 2023 @ 5:44 pm By Omar Faridi  |  

The team at Yield App is pleased to announce that they’ve registered as a virtual asset service provider (VASP) with Italy’s Organismo Agenti e Mediatori (OAM). According to the update from Yield App, this marks a huge step in their long-term commitment to compliance with… Read More