Tagged: stablecoins

November 30, 2021 @ 6:48 pm By Tony Zerucha  |  

South Korea’s Shinhan Bank today announced it has completed the development of a proof-of-concept, with a global megabank outside of Korea, to improve the remittance process through the use of stablecoins. It is built on the Hedera network, leveraging stablecoins and focused on international remittances…. Read More

November 30, 2021 @ 9:55 am By JD Alois  |  

The Secretary of the Treasury Janet Yellen has provided responses to questions put forth by Senator Pat Toomey – the ranking Republican on the Senate Banking Committee. The questions are in follow-up to a recent hearing at the Committee. Yellen, along with Fed Chairman Jerome… Read More

November 28, 2021 @ 10:39 am By Omar Faridi  |  

If you’re a blockchain developer or brand building your application on the Algorand blockchain, then you may be interested in knowing that Wyre’s integration with Algorand is now live. As mentioned in the announcement, this means that application developers on the Algorand blockchain are able… Read More

November 26, 2021 @ 10:00 am By JD Alois  |  

Senator Sherrod Brown, Chairman of the Senate Banking Committee, has sent a letter to multiple stablecoin issuers and crypto exchanges. The letter was proceeded by a report issued by the President’s Working Group on Financial Markets that addressed stablecoins, published at the beginning of November…. Read More

November 25, 2021 @ 11:10 am By Omar Faridi  |  

Regal has teamed up with Flexa to support virtual currency payments for movies and more. Using Flexa, Regal patrons are able to purchase tickets and concessions using dozens of digital currencies at more than 500 theatres. Regal, which operates as a subsidiary of Cineworld Group… Read More

November 23, 2021 @ 9:16 am By JD Alois  |  

Circle, a digital asset firm that is a top stablecoin issuer and owner of investment platform SeedInvest, has invested $10.5 million in Crowdcube. The total funding round was $13.5 million. Circle’s investment in Crowdcube was made via USD Coin (USDC) – a dollar-based stablecoin. The percentage… Read More

November 18, 2021 @ 3:19 pm By Tony Zerucha  |  

While the Reserve Bank of Australia (RBA) is conducting research into various applications of cryptocurrencies and distributed ledger technologies, they are under no pressure to quickly roll out solutions to address clear needs in the marketplace, a representative said earlier today. Speaking to the Australian… Read More

November 17, 2021 @ 7:47 pm By Tony Zerucha  |  

RM Sotheby’s, the world’s largest collector car auction house by total sales, today announced the company is accepting cryptocurrency for payment for goods and services from BitPay, a provider of Bitcoin and cryptocurrency payment services. RM Sotheby’s said the ability to accept cryptocurrency enables it… Read More

November 14, 2021 @ 7:48 pm By Omar Faridi  |  

ShapeShift DAO, a decentralized, non-custodial crypto platform and community, reveals that it has formed a partnership with ICHI in order to launch a new stable token. As mentioned in an update shared with CI: “Through the provision of a Decentralized Monetary Authority (DMA), ICHI empowers… Read More

November 10, 2021 @ 10:23 pm By Tony Zerucha  |  

Smart contract platform RSK’s expansion throughout the Philippines will result in more access to stablecoins for investors living in the country. Given their peg to existing assets such as fiat currencies, precious metals and, on occasion, other cryptocurrencies, stablecoins are less vulnerable to the wild… Read More

November 10, 2021 @ 8:44 am By Omar Faridi  |  

The developers of Sovryn, a Bitcoin-native app supporting decentralized lending, notes in a blog post that we are all in the middle of a truly historic transition from a global economy largely based on fiat money to an economic system based on crypto-assets and dominated… Read More

November 9, 2021 @ 2:50 pm By Tony Zerucha  |  

CBDCs have the potential to make a significant impact on global finance, but appropriate safeguards need to be in place, an official from the Monetary Authority of Singapore (MAS) said today. The industry gathered for the Singapore FinTech Festival, where one of the presenters was… Read More

November 8, 2021 @ 9:09 am By Omar Faridi  |  

DODO, the decentralized or non-custodial exchange platform that’s being powered by the Proactive Market Maker (PMM) algorithm, has introduced the Stable DODO token. The new stable token, worth “exactly $1 USD,” has been developed to serve as a new base asset for the DODO community… Read More

November 2, 2021 @ 10:52 am By JD Alois  |  

This is a first. Jeremy Allaire, CEO and co-founder of Circle, the issuer of the USDC stablecoin, has joined with his teammates to do a crypto rap. The performance available on YouTube, was done in celebration of USDC topping $20 billion in market cap. While… Read More

November 1, 2021 @ 3:41 pm By JD Alois  |  

The President’s Working Group on Financial Markets (PWG) has published its report on stablecoins as was anticipated. The report, available here and below, said that if stablecoins are appropriately regulated they could emerge as a more efficient and “more inclusive” payment option. Simultaneously, stablecoins and… Read More

November 1, 2021 @ 8:59 am By JD Alois  |  

The President’s Working Group on Financial Markets (PWG) is expected to publish its long-anticipated report on stablecoins later today. The PWG includes the US Secretary of the Treasury, the Chair of the Board of Governors of the Federal Reserve System, the Chairman of the Securities… Read More

October 31, 2021 @ 7:56 pm By Omar Faridi  |  

Shiba Inu (SHIB) is now available for trading on digital asset exchange OkCoin – with some of “the lowest fees around.” OkCoin users are able to deposit, withdraw, and trade SHIB against USD via the exchange. All OkCoin clients including those in the US, except… Read More

October 26, 2021 @ 9:35 pm By Omar Faridi  |  

Nium, a company focused on payments and card issuance for businesses, has launched a global Crypto-as-a-Service (CaaS) solution and announced the extension of its Banking-as-a-Service (BaaS) solution to the US markets. Initial API-based elements from the new CaaS offering will enable financial institutions to “add… Read More

October 25, 2021 @ 10:21 pm By JD Alois  |  

The President’s Working Group on Financial Markets (PWG) is expected to soon publish its anticipated report on the burgeoning stablecoin market. In addition to the US Secretary of the Treasury, the PWG includes the Chair of the Board of Governors of the Federal Reserve System,… Read More

October 21, 2021 @ 12:06 pm By JD Alois  |  

Formerly known as Libra and then Diem, Facebook’s (NASD:FB) scaled-back entrance into the digital currency sector has announced the firm’s Novi digital wallet pilot program is rolling out – starting with Guatemala and the United States. The pilot is designed to confirm operational readiness as… Read More