Tagged: stablecoins

January 14, 2025 @ 8:57 am By JD Alois  |  

The Bank of England and HM Treasury are in the design phase for the creation of a digital pound or central bank digital currency. A consultation paper outlined the framework as a precursor to a possible digital currency. The update by the Bank is said… Read More

January 13, 2025 @ 2:17 pm By JD Alois  |  

Tether, the issuer of the largest stablecoin in the world – US dollar-based USDT, has relocated its business to El Salvador, a central American country that has embraced digital asset innovation. El Salvador has experienced a renewal in its prospects following the election of a… Read More

January 9, 2025 @ 3:20 pm By JD Alois  |  

While MiCA [Markets in Crypto Assets] rules in the EU do not regulate securities it does outline a path for stablecoin integration. Stablecoins may emerge as the next iteration of payments rails with immediate transfers and low cost services. Dary McGovern, Chief Operating Officer of… Read More

January 9, 2025 @ 10:54 am By JD Alois  |  

FV Bank adds PYUSD, PayPal’s stablecoin offering, to its list of accepted transfer and payment services. FV Bank is a licensed US bank based in Puerto Rico – a jurisdiction with somewhat different compliance rules. FV Bank notes that it is the only US bank… Read More

January 8, 2025 @ 8:35 pm By Omar Faridi  |  

Ripple is now leveraging the Chainlink standard to bring high-quality pricing data around the Ripple USD (RLUSD) stablecoin onchain. RLUSD is described as an enterprise-grade, USD-denominated stablecoin created with trust, utility, and compliance at its core, backed by Ripple’s years of “experience working with crypto and the existing financial… Read More

December 29, 2024 @ 6:22 am By Omar Faridi  |  

Usual has acquired new funding as part of its Series A round, which has reportedly been led by Binance Labs and Kraken Ventures. Other entities taking part in the investment round for Ususal include Ondo, Coinbase Ventures, IOSG, OKX Ventures, Galaxy Ventures, Guy from Ethena,… Read More

December 26, 2024 @ 9:27 pm By Omar Faridi  |  

Stablecoins are a trillion dollar opportunity and that is not hyperbole, according to an extensive update from Pantera Capital. Although crypto is often thought of for its volatility, tokens, and liquidity-profile, Ryan Barney and Mason Nystrom from Pantera Capital pointed out that the other side… Read More

December 23, 2024 @ 10:40 am By Omar Faridi  |  

Starting Monday, December 23, 2024, Coinbase (NASDAQ:COIN) is reportedly bringing onchain payments to the big screen at Regal. For two weeks during the holidays / festive season, U.S. moviegoers are able to take advantage of a 10% discount on tickets and concessions when they can… Read More

December 18, 2024 @ 7:56 am By Omar Faridi  |  

Tether, which claims to be the largest digital asset companies in the world (as well as being one of the most profitable), has invested in StablR, the European stablecoin provider. Tether’s investment into StablR signals its commitment to the European market and its support for… Read More

December 17, 2024 @ 4:49 pm By Omar Faridi  |  

Ripple, the provider of digital asset infrastructure for financial institutions,  announced that Ripple USD (RLUSD) will be available on global exchanges starting, December 17, 2024. RLUSD is described as an “enterprise-grade,” USD-denominated stablecoin created with trust, utility, and compliance at its core, backed by Ripple’s… Read More

December 15, 2024 @ 9:26 pm By Omar Faridi  |  

Although stablecoins like Tether’s USDT and Circle’s USDC offer considerable benefits to the financial system, addressing their misuse by illicit actors is of the “utmost importance,” according to an update from Chainalysis. Chainalysis explained that it serves a critical role in proactively “assisting in the… Read More

December 14, 2024 @ 11:32 am By Omar Faridi  |  

Copper, an enabler of digital asset custody, collateral management, and prime services, is announcing a partnership with Astro Labs, a financial infrastructure firm with a cross-chain bridge and stablecoin built on Arweave and aoComputer (AO) ecosystem. Through this partnership with Astro, Copper’s MPC tech will… Read More

December 13, 2024 @ 4:33 pm By Omar Faridi  |  

Many more people are now wondering whether stablecoins (or digital tokens backed with fiat currencies 1-to-1 like the US dollar) truly open “remarkable conditions” to enable business onchain? According to a recent update, the answer to this pressing question is yes. However, where lies their… Read More

December 12, 2024 @ 7:50 am By Omar Faridi  |  

Crypto industry firms Circle Internet Group Inc. and Binance have joined forces in a partnership announced at Abu Dhabi Finance Week that will expand adoption of USDC and support the development of the global digital assets and wider financial services ecosystem. With the growth and… Read More

December 12, 2024 @ 7:49 am By Omar Faridi  |  

Paxos, the regulated blockchain and tokenization infrastructure platform, has partnered with Standard Chartered to enhance Global Dollar (USDG) and Lift Dollar (USDL) reserve management. Through this collaboration, Standard Chartered will provide cash management, trading, and custody services, strengthening the infrastructure supporting the “trusted” digital assets… Read More

December 11, 2024 @ 7:37 am By Tony Zerucha  |  

A representative from digital identity platform SPACE ID believes the ECB’s [European Central Bank] work on the digital euro leaves plenty to be desired, especially regarding privacy. Alice Shikova made the comments following the release of the ECB’s second progress report. “The ECB’s second progress… Read More

December 10, 2024 @ 9:07 am By JD Alois  |  

Markets in Crypto-Assets Regulations or MiCA are rules that seek to provide regulatory clarity for firms engaged in the digital asset markets. This includes non-security crypto assets as well as stablecoins. Digital securities are regulated under different rules. In a corporate statement, payments firm Clear… Read More

December 10, 2024 @ 8:11 am By Omar Faridi  |  

Tether has shared insights on just how many stablecoin USDT on-chain holders there may be. In their Tether Insights, they shared the data that a total of 330 million on-chain wallets and accounts, a “proxy for users,” had received USDT by the end of Q3… Read More

December 9, 2024 @ 11:00 pm By Omar Faridi  |  

Copper, a firm focused on digital asset custody, collateral management and prime services, is announcing that it is one of the first custodians to enable support for USDC on Sui. USDC is a digital dollar, backed by “highly liquid” cash and cash-equivalent assets, and is… Read More

December 9, 2024 @ 9:32 am By JD Alois  |  

The change in the US administration is expected to usher in a new era of digital asset innovation. During the Biden Administration, there was open hostility toward crypto that went beyond the pursuit of fraud and scams. Many firms sought to be regulated but were… Read More