Tagged: stablecoins

July 17, 2024 @ 1:12 pm By JD Alois  |  

A consultation on the regulation of stablecoins in Hong Kong was announced in December of 2023. Stablecoins typically refer to digital assets referencing fiat currency and may be viewed as updated payment rails. Today, the Hong Kong Monetary Authority (HKMA) has revealed the results of… Read More

July 16, 2024 @ 8:30 pm By JD Alois  |  

  On June 30, 2024, the Markets in Crypto-Assets (MiCA) regime went into effect in the EU. MiCA regulates non-security digital assets, including stablecoins. The EU legislation aims to create an environment where digital asset innovation may take place while providing a compliant ecosystem to… Read More

July 15, 2024 @ 11:00 am By Omar Faridi  |  

At Tether, they remain dedicated to fostering a robust and innovative blockchain ecosystem for USD₮ and all other tokens we issue. This commitment drives Tether to continuously “assess their transport layers, ensuring a balance between maintainability and usage while prioritizing community interest.” Community input is… Read More

July 10, 2024 @ 9:28 am By Omar Faridi  |  

Circle has provided an update regarding stablecoin EURC which is coming to Base. According to a blog post from Circle, here’s what this means for the Base ecosystem. Circle notes in an update that they are pleased “to bring EURC to Base, its first euro-backed… Read More

July 10, 2024 @ 5:48 am By Omar Faridi  |  

Tether Operations Limited, which claims to be one of the largest companies in the digital asset industry, and BTguru, a technology and strategy company specializing in virtual and crypto assets, have signed a Memorandum of Understanding (MoU) to evaluate digital assets educational initiatives in Turkey…. Read More

July 9, 2024 @ 10:36 am By JD Alois  |  

StablR, a European digital asset firm based in Malta, is reporting that it has received an Electronic Money Institution (EMI) License and is fully compliant under MiCA to offer a Euro-based stablecoin. Stablecoins are digital representations typically tied to another asset. These digital assets are… Read More

July 8, 2024 @ 11:00 am By Omar Faridi  |  

  Kenny Chan, GM at StraitsX, recently shared key insights with Crowdfund Insider. StraitsX is a payments infrastructure for the digital assets space in Southeast Asia. The company is also a Major Payment Institution licensed by the Monetary Authority of Singapore and is part of… Read More

July 2, 2024 @ 12:38 pm By Omar Faridi  |  

Paxos, the regulated blockchain & tokenization infrastructure platform, received full approval from the Monetary Authority of Singapore (MAS) for its Singapore entity, Paxos Digital Singapore Pte. Ltd. to “offer digital payment token services as a Major Payments Institution.” The approval enables Paxos to “issue stablecoins… Read More

June 25, 2024 @ 10:41 am By Omar Faridi  |  

At Tether, they claim to be deeply committed to maintaining a robust and innovative blockchain ecosystem for USD₮ and all other tokens we issue. To uphold this commitment, Tether says it constantly assesses “current transport layers, striving to strike a balance between maintainability, usage, and… Read More

June 24, 2024 @ 6:18 pm By JD Alois  |  

Republic, an online investment platform, recently listed a securities offering for shares in Watford FC – a professional football club in the UK. The share offering is also being listed on its subsidiary Seedrs. In an X today, Republic said that investors may now purchase… Read More

June 20, 2024 @ 9:55 am By Omar Faridi  |  

Tether, which claims to be one the largest companies in the cryptocurrency industry, announced that it is teaming up with the National Taipei University of Technology (NTUT), also known as Taipei Tech “to enhance blockchain and digital asset education in the region.” This initiative aims… Read More

June 20, 2024 @ 9:09 am By Omar Faridi  |  

Circle is introducing the Circle Credits Program, their latest investment in developers using Circle’s platform. Early in 2024, they revealed Circle’s intentions “to empower early-stage, high-impact builders with grants and bounties that help them build on their platform.” As they seek to remove barriers in… Read More

June 17, 2024 @ 8:52 am By JD Alois  |  

Tether, the issuer of the largest stablecoin in the world, USDT, has announced a new digital asset dubbed Alloy – a digital asset tied to gold. Tether describes Alloy as a new type of digital assets or “tethered assets.” Similar to other stablecoins, Alloy, priced… Read More

June 6, 2024 @ 7:57 pm By Omar Faridi  |  

Paxos International, a UAE-based affiliate of Paxos, announced the launch of a yield-bearing stablecoin – Lift Dollar (USDL). Issued by Paxos International, “a regulated entity under the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM), USDL will be available to consumers in… Read More

June 4, 2024 @ 10:45 am By Omar Faridi  |  

As a strong proponent of public-private sector collaboration in building a safer, more resilient and more efficient financial system, Circle are pleased to announce that they have submitted an application to participate in Project Agorá,”an initiative led by the Bank for International Settlements (BIS) and… Read More

June 1, 2024 @ 11:15 am By Omar Faridi  |  

Chainlink, the “decentralized” computing platform, and Circle, a global financial technology firm and the issuer of USDC and EURC, have partnered in order “to expand stablecoin utility for enterprise institutions with Circle’s developer platform and Chainlink services.” Chainlink and Circle will work together “to educate… Read More

May 30, 2024 @ 10:48 pm By Omar Faridi  |  

Nomura Holdings and Laser Digital partner with GMO Internet Group to explore the issuance of JPY and USD stablecoins in Japan. This partnership between GMO Internet Group, Inc., Nomura Holdings, Inc., and Laser Digital Holdings AG aims “to leverage our track record in stablecoin issuance… Read More

May 30, 2024 @ 8:26 am By Omar Faridi  |  

PayPal Holdings, Inc. (NASDAQ: PYPL) announced that PayPal USD (PYUSD) is now available on the Solana blockchain, making PayPal’s stablecoin faster and cheaper to use. The availability of PYUSD on Solana provides users “with the choice of multiple blockchains allowing for increased flexibility and control.”… Read More

May 23, 2024 @ 2:26 pm By JD Alois  |  

The US House of Representatives has approved legislation aimed at deterring the use of a central bank digital currency, or CBDC. The CBDC Anti-Surveillance State Act (HR 5403) vote was 216 for and 192 against.  22 members did not vote. While all of the Republicans… Read More

May 15, 2024 @ 4:10 pm By Omar Faridi  |  

Tether Operations Limited, the largest company in the digital asset industry, announces the signing of a Memorandum of Understanding (MoU) with RAK Digital Assets Oasis (RAK DAO), which is the first step towards the launch of several strategic initiatives to help foster the adoption of… Read More