Tagged: stablecoins

Fintech Ramp Explains How their Early Adoption of Stablecoins Increased their Corp Treasury Returns

The team at Ramp has shared a detailed look into how the early adoption of stablecoins helped them with increasing their Corporate Treasury returns. Alex Song, Head of Finance at Ramp, notes that during the past two and a half years, the Fintech company has been… Read More

Valentin Mihov: Co-founder at Finexify Explains How they Provide DeFi Services to Tech-Savvy Investors

We recently connected with Valentin Mihov, Co-founder, and Chief Investment Officer at Finexify, a boutique investment company that offers an opportunity to gain exposure to the decentralized finance (DeFi) space. The team at Finexify thinks that limited access to DeFi means “extraordinary” alpha with limited… Read More

Amazon Decides to Continue to Accept Visa Cards in the UK, For Now

Towards the end of 2021, Amazon UK distributed an email to its customers stating it would stop accepting Visa cards for purchases beginning January 19, 2022. Today, it is being widely reported that Amazon has backed away from that decision. According to AP, Amazon has… Read More

Digital Assets: Okcoin Adds Support for Spell Token and Magic Internet Money

Digital assets firm Okcoin is now offering the two crypto tokens of the Abracadabra.money ecosystem, Spell (SPELL) and Magic Internet Money (MIM), with “some of the lowest fees around.” As noted in the update from Okcoin, here’s what each of these tokens are about, in… Read More

Nuvei Whitepaper Analyzes Crypto Payment Future

Payment technology firm Nuvei this week announced the release of its latest white paper Mystery to Opportunity: The Future of Crypto Payments. It discusses the potential of cryptocurrencies as a viable payment method in e-commerce and considers possible adoption scenarios that could unfold in the near future…. Read More

TRON Foundation Now Restructured as TRON DAO to Enable Complete Decentralization

As the crypto and blockchain space continues to grow steadily, decentralized autonomous organizations (DAOs) are becoming more common (because they provide a way to enable decentralized governance). After its MainNet launch back in June 2018, the 3-year-old TRON blockchain platform has developed its own DAO… Read More

Cryptocurrency Adoption: Bitrefill Says You can Now Live on Crypto In Saudi Arabia

Bitrefill, a Fintech company that’s supporting digital currency adoption by helping consumers “live on crypto” with gift cards, phone refills, and Lightning Network access, claims that you can now live on crypto in Saudi Arabia. Bitrefill has reportedly added 73 new and popular gift cards… Read More

Wirex Adds Additional Stablecoin Singapore Dollar Backed XSDG

Payments Fintech Wirex has added another stablecoin to its platform. According to Wirex, XSDG, a Singapore dollar backed stablecoin is now available alongside other popular stablecoins. Currently, Wirex offers six stablecoins; STASIS EURO (EURS), True (TUSD), USD Coin, (USDC), Tether (USDT), USDP, and now XSGD…. Read More

VeChain Foundation Announces VeUSD, VeChainThor’s First Stablecoin for Web3, DeFi

The VeChain Foundation, a non-profit entity established in Singapore, recently revealed that they’re pleased to confirm that following months of development, the contract for VeUSD, VeChain’s first native stablecoin, will “soon go live on mainnet, ushering in a new era for VeChainThor.” With their international… Read More

Daily Usage Patterns of Tether Issued on Ethereum Shifted in 2021, Coin Metrics Reports

The Coin Metric State of the Network Report #135 notes that decentralized finance (DeFi) has experienced tremendous growth during the past few years. At present, the most widely-used metric to measure DeFi adoption is called “Total Value Locked”, or TVL. According to Coin Metrics researchers,… Read More

After Unprecedented 2021, Mastercard Predicts Even More Digital Currency Innovation in 2022

On its face (or at surface level), 2021 may not have seemed like the year cryptocurrency “got serious,” according to an end-of-year update from Mastercard (NYSE: MA). The team at Mastercard noted that this year, we had Elon Musk sending Dogecoin (a virtual currency initially… Read More

Crypto Usage and Digital Assets Adoption Growing Worldwide but US Still Represents Largest Market: Report

This week, crypto (again) reached “record levels” of investment while industry professionals gathered to predict the key trends for the sector in 2022, the team at Sygnum Bank wrote in a blog post. At the same time, Sygnum has introduced a structured product offering (what… Read More

Following Senate Hearing on Crypto, Dante Disparte, Circle’s Chief Strategy Office, Shares Stablecoin Myths

Earlier this month, the US Senate Banking Committee held a hearing on stablecoins that involved advocates and those who believe they are bad. The short hearing saw witnesses grilled with the Democrats generally dismissive and the Republicans in support of digital assets tied to fiat… Read More

Lenders Beware: 2022 Could See Increased Enforcement Activity

2022 could see aggressive movement by some federal agencies, an experienced industry hand suggests. Joseph Lynyak III is a partner at the international law firm Dorsey & Whitney and one of the nation’s foremost experts in the country on the Consumer Financial Protection Bureau (CFPB),… Read More

Senate Banking Committee Hearing on Stablecoins. What Did We Learn?

Following the House Financial Services Committee hearing on cryptocurrency last week, the Senate Banking Committee held a related hearing to discuss the stablecoin market. Entitled Stablecoins: How Do They Work, How Are They Used, and What Are Their Risks?, the Senate Banking Committee had a single… Read More

Deel Adds Stablecoin USDC and Solana (SOL) as Withdrawal Options via Coinbase

Deel has announced the addition of USDC and Solana as withdrawal currencies via Coinbase (COIN: Nasdaq). Deel first teamed up with Coinbase in November 2020 to “enable users to withdraw their paychecks in cryptocurrency,” according to an update shared with Crowdfund Insider. Deel currently supports five… Read More

API3 (API3), Bluzelle (BLZ), Circuits of Value (COVAL), Immutable X (IMX), Other New Crypto Tokens Now Available via Coinbase

Beginning on December 9, 2021, API3 (API3), Bluzelle (BLZ), Circuits of Value (COVAL), Gods Unchained (GODS), Immutable X (IMX), Measurable Data Token (MDT), mStable USD (MUSD) and Ribbon Finance (RBN) are available on Coinbase.com and via the Coinbase Android and iOS apps. Coinbase (NASDAQ:COIN) clients… Read More

CBDCs or Central Bank Digital Currencies May Completely Transform Global Economy: Report

Payments are faster and easier than ever before, the Chainalysis team writes in a blog post. As taps and texts continue to overtake cash and checks, they’re “increasingly digital, too,” the Chainalysis team adds while noting that thanks to the blockchain or distributed ledger tech… Read More

Shinhan Bank, Hedera Look to Blockchain to Improve $702B International Remittance Process

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

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