Tagged: stablecoin

MakerDAO Rebrands as Sky

Alexander Hamilton Money Dollars USD

DeFi firm MakerDAO has rebranded as Sky. In a release, Sky indicated that SubDAOs will now become “Sky Stars.” Sky has also released its new stablecoin, USDS, pegged to the US dollar. A New Sky.money website and app are expected to launch to provide a… Read More

Anchorage Digital Introduces Stablecoin Rewards for PayPal USD Holders

Anchorage Digital, the crypto platform for institutions, is pleased to announce its first stablecoin rewards program, enabling institutions to earn competitive rewards on PayPal USD (PYUSD) balances held at Anchorage Digital or in our recently launched institutional self-custody wallet, Porto. PYUSD remains fully accessible and… Read More

Worldwide Stablecoin Payment Network (WSPN) Reports $30 Million Seed Round

WSPN (Worldwide Stablecoin Payment Network), a provider of next-generation stablecoin infrastructure, has raised $30 million in seed funding round. This investment round was led by Folius Ventures and Foresight Venture, with participation “from prominent investors including Hash Global, Generative Ventures, RedPoint Capital, and a consortium… Read More

Ripple Begins Beta Testing Stablecoin Ripple USD on XRP Ledger (XRPL) and Ethereum Mainnet

Ripple is pleased to announce they have begun beta testing Ripple USD (RLUSD) on the XRP Ledger (XRPL) and Ethereum mainnet. This is a significant milestone and “a step closer to bringing more high-quality assets to the XRPL, driving new opportunities, liquidity, and institutional use… Read More

Digital Assets Exchange Bybit Introduces Digital Rupee as Secure INR Payment Method

Bybit, the world’s second-largest crypto exchange by trading volume, has launched a Digital Rupee (eRupee) as a stablecoin for its INR users. This wallet-based mobile payment solution is now live, “offering a secure and convenient way for users to transact on the platform.” In response… Read More

CCTP, a Permissionless Protocol, has Reportedly Moved Over $10 Billion in Stablecoin USDC Between Blockchains Since May 2023

Circle reveals that CCTP, a permissionless protocol, has moved over $10 billion in the stablecoin USDC between blockchains since May of last year. As reported previously, the Cross-Chain Transfer Protocol (CCTP) continues to grow and “power an ever-expanding network of apps, bridges, wallets, exchanges, and… Read More

HKMA Announces Stablecoin Issuer Sandbox Participants

The Hong Kong Monetary Authority (HKMA) has revealed the participants of its stablecoin issuer sandbox, marking a significant step in the city’s drive to foster a regulated and sustainable stablecoin ecosystem. Earlier this week, the results of a consultation by the HKMA on stablecoins were… Read More

Chainalysis Shares Insights on MiCA’s Stablecoin Regime and Its Remaining Challenges

Chainalysis has been sharing detailed insights on issues related to MiCA’s Stablecoin Regime and its remaining challenges. Despite the extensive work by the EBA and ESMA, in close cooperation with national regulators, Chainalysis points out that MiCA still leaves “some room for interpretation and uncertainty,… Read More

Stablecoin Issuer Circle Reports Complying with MiCA, European Union’s Crypto Law

Circle, a global financial technology firm and the issuer of USDC and EURC, has announced that it has become the “first” global stablecoin issuer to achieve compliance with the European Union‘s Markets in Crypto-Assets (MiCA) regulatory framework. This achievement was reportedly enabled “by the company’s… Read More

London’s BVNK Enhances Stablecoin Liquidity Operations by Leveraging Talos’ Trading Tech

BVNK, a London-based firm focused on payments innovation, enhanced its stablecoin liquidity operations by leveraging Talos’ advanced trading technology and extensive partner network. This collaboration has added new liquidity providers “at significantly reduced integration times, resulting in a nearly two-fold increase in trading volumes –… Read More

Terraform Labs PTE, Founder Do Kwon, to Pay $4.5 Billion Penalty Following SEC Lawsuit

The Securities and Exchange Commission (SEC) reports that Terraform Labs PTE, Ltd. and founder Do Kwon will pay a $4.5 billion penalty as they have been found guilty of a “years-long fraud.”  It was previously reported that the SEC was seeking a $5.3 billion settlement…. Read More

Financial Titans Explore Blockchain Interoperability in Canton Network Test

The pilot of the Canton Network, a pioneering initiative for interoperability in the capital markets domain, saw significant participation from leading financial institutions, including 15 asset managers, 13 banks, four custodians, and three exchanges. Among the banks were major players like BNY Mellon, Goldman Sachs,… Read More

Paxos Aims to Accelerate the Tokenization of Real World Assets by Integrating Chainlink’s PayPal USD Price Feed

Institutional digital asset infrastructure firm Paxos is integrating Chainlink’s PayPal USD price feed to accelerate the tokenization economy. Paxos also wants to boost the adoption of PYUSD – a dollar-based stablecoin powered by Paxos and issued by PayPal. At the same time, Chainlink and Paxos… Read More

Stablecoin Issuer Circle to Introduce USDC Natively on Celo Blockchain

The Celo Foundation is pleased to announce that Circle will launch USDC natively on Celo to further everyday adoption of digital currencies and assets. Celo claims it is a carbon-negative, mobile-first, EVM-compatible blockchain “built for the real world. USDC is the leading regulated digital dollar… Read More

Eco, the Crypto Payments Fintech, Announces Acquisition of Join, a Stablecoin-powered Commerce App

Eco Inc, the crypto payments company with $95 million in funding from a16z, Coinbase Ventures, and other top technology investors, announced the acquisition of Join, a stablecoin-powered shopping app. This acquisition aligns with Eco’s vision to “create a more efficient, decentralized payment system, breaking away… Read More

USDT Issuer Tether Challenges United Nations Report and Calls for Blockchain Education

Tether, the issuer of the USDT stablecoin, says they are disappointed in the UN’s assessment that singles out USDT “highlighting its involvement in illicit activity while ignoring its role in helping developing economies in emerging markets, completely neglected by the global financial world simply because… Read More

Circle CEO Says US Could Introduce Stablecoin Regulations This Year

USDC issuer Circle‘s CEO Jeremy Allaire thinks that there’s a ‘very good chance’ that the US passes stablecoin laws this year. The CEO of Circle, the Fintech firm behind the widely-used stablecoin USDC, is seeing a good chance that laws for stablecoin issuers such as… Read More

Stablecoin Issuer Tether Invests in Academy of Digital Industries, a Georgia-based Education Platform

Following recent initiatives to promote blockchain innovation in Georgia, Tether announced that it has invested an undisclosed amount into the Series-A investment round of Academy of Digital Industries, a Georgia-based progressive education platform “offering an extensive range of digital training and masterclasses.” This collaboration marks… Read More

Paxos Announces Expansion of Stablecoin Issuance to Solana Blockchain Platform

Paxos, the regulated blockchain & tokenization infrastructure platform, is pleased to announce a strategic expansion of its stablecoin issuance to the Solana blockchain platform. Previously exclusive to Ethereum, this initiative represents “a significant milestone for the innovation and evolution of Paxos’s enterprise and consumer-facing businesses.”… Read More

France: Stablecoin Issuer Circle Obtains Conditional DASP Registration from AMF, Appoints Head of French Operations

Circle, a global financial technology firm and the issuer of USDC and EURC, has today announced receipt of a conditional registration as “a Digital Asset Service Provider (‘DASP’, or ‘Prestataire de Service sur Actifs Numériques’ (PSAN)) with the French Financial Markets Authority (‘Autorité des Marchés… Read More

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