Tagged: stablecoins

Figure Markets Introduces YLDS, a “Yield-Bearing” Stablecoin as SEC Registered Public Security

Figure Markets, a platform for decentralized finance (DeFi), has recently launched the first interest-bearing stablecoin native to a public blockchain registered with the Securities and Exchange Commission. YLDS, described as a public security offered through Figure Markets’ wholly owned subsidiary, Figure Certificate Company, is “a fixed-price,… Read More

Phoenix Labs CEO Comments on Potential of Euro backed Stablecoins in 2025

With Bitcoin price surpassing $100K, it’s arguable that 2025 is starting strong for the crypto industry. Regulatory developments in Hong Kong and the United Kingdom, combined with regime change in the United States, could set the stage for more institutional and mainstream adoption of stablecoins…. Read More

Tether and Reelly Tech to Streamline Real Estate Transactions in the UAE

Tether Operations Limited, which claims to be one of the largest companies in the digital asset industry, has signed a Memorandum of Understanding (MoU) with Reelly Tech, one of the real estate B2B platforms in the UAE. This marks an advancement in the evolution of… Read More

Fed Chair Jerome Powell Says No Way to a Central Bank Digital Currency (CBDC)

The Chairman of the US Federal Reserve, Jerome Powell, was testifying before the Senate Banking Committee today. While typically targeting the Fed’s dual mandate of pursuing full employment and low inflation, the hearing provides an opportunity for the Members to query the Chair on other… Read More

Tether Invests in Digital Wallet Zengo, Aims to Boost USDT Adoption

Stablecoin issuer Tether has announced an investment in Zengo, a self custodial digital wallet. The goal is to boost  stablecoin utilization including USDT. Terms of the investment were not disclosed. Launched in 2019, the company reports over 1.5 million wallets worldwide. The investment is expected… Read More

Stablecoin USDC Reaches New ATH of $56 Billion – Report

Crypto exchange Coinbase (NASDAQ:COIN) noted that the past year has seen significant growth in the adoption of USDC, a stablecoin that has solidified its position as one of the most widely used digital tokens globally. Coinbase revealed in a blog post that this growth is… Read More

Fintech Ripple Teams Up with Revolut and Zero Hash to Expand RLUSD Stablecoin Access

Ripple announced a partnership with Revolut and Zero Hash, aimed at expanding the access of its RLUSD stablecoin in the market. This collab marks a significant expansion for the RLUSD, positioning it to enter the crowded stablecoin marketplace, which is dominated by USDT and USDC… Read More

Prometeo’s Ximena Aleman on Open Banking and Latin American Innovation

As Open Banking becomes more popular in Latin America, Prometeo is well-positioned to be a major player in the space. Prometeo’s partners, a provider of a single API connecting businesses to every bank in 11 countries, include Santander, Bancolombia, Banco de México, and Chile’s Banco… Read More

Cedar Money, an Enabler of Cross-Border Transactions with Stablecoins, Announces Seed Round

Cedar Money, a payments company that enables cross-border money movement on stablecoins, announced a $9.9 million seed round led by QED Investors, with contributions from North Island Ventures, Wischoff Ventures, Lattice, and Stellar. The proceeds from the investment round will enable Cedar Money to accelerate… Read More

Tether Reports $13B in Profits for 2024 And Growing U.S. Treasury Holdings

Tether Holdings Limited released its assurance opinion for the fourth quarter of 2024, conducted by BDO, a global “independent” accounting firm. The attestation is said to reaffirm the accuracy of Tether’s Consolidated Reserves Report (CRR) and provides a breakdown of the assets “held as reserves… Read More

Tether Brings Stablecoin USDT to Bitcoin (BTC) Lightning Network

Tether, which claims to be one of the largest companies in the digital assets industry, announced the integration of USDt into Bitcoin’s ecosystem, including its base layer and the Lightning Network. Supported by a Taproot-powered protocol, Taproot Assets, and developed by Lightning Labs, this integration… Read More

Sygnum Bank Focuses on European Expansion with Societe Generale-FORGE’s EURO Stablecoin

Sygnum, a global digital asset banking group who recently announced its expanded EU market entry, is enhancing its B2B platform offering via a collab with Societe Generale-FORGE, the digital asset subsidiary of one of Europe’s financial services groups, Société Générale. The EUR CoinVertible (EURCV), a… Read More

Nubank Expands Stablecoin USDC Rewards Program to All Digital Assets Users in Brazil

Brazil’s digital banking platform Nubank (NYSE: NU) is reportedly expanding the feature that rewards holders of the digital dollar USDC to all users of Nubank Cripto in Brazil. As noted by Nubank, this latest expansion allows daily returns on a minimum balance of “10 USDC… Read More

Circle Responds to EIOPA Consultation, Advocates for Risk-Sensitive Capital Requirements for Crypto-Assets

Stablecoin issuer Circle has reportedly submitted its response to the European Insurance and Occupational Pensions Authority’s (EIOPA) consultation on technical advice for standard formula capital requirements for making investments in crypto-assets. Circle is a global financial technology firm that enables businesses of all sizes to… Read More

1Money Emerges With $20M+ for Stablecoin Payment Network

1Money, which is developing a purpose-built Layer 1 exclusively designed for stablecoin payments, this week emerged from stealth with more than $20 million in funding. The seed capital will power the launch of the 1Money Network, a payment network engineered to be a Layer 1… Read More

Digital Assets: Agant Selects Archax as GBP Stablecoin Partner

Agant, creator of a new GBP stablecoin (GBPA), has selected Archax, the regulated digital asset exchange, broker and custodian, as its partner to handle the custody of its underlying assets. The British pound digital currency will initially be available on the Ethereum, Avalanche and Solana… Read More

Tokenization Platform Centrifuge Comments on MiCA and EU Crypto Rules, Expectations for the US

MiCA, or markets in crypto markets regulation, aims to create bright-line rules in Europe to enable digital asset innovation. While not regulating digital securities, MiCA covers just about everything else, including stablecoin regulation. The EU wants to encourage the development of new products and services… Read More

Copper Offers Digital Asset Custody Support for Agora AUSD

Copper, a firm focused on digital asset custody, collateral management, and prime services, is pleased to announce a partnership with Agora, the stablecoin issuer of AUSD (the “first” fully collateralized, freely tradable digital dollar). Copper now offers custody support for Agora’s AUSD, a digital dollar… Read More

Bank of England Updates on Digital Pound Progress

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

Tether Relocates to El Salvador, a Country with a Favorable Regulatory Environment

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

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