Nigeria is officially open to stablecoin businesses, provided operators comply with regulatory standards, according to Emomotimi Agama, Director-General of the Securities and Exchange Commission (SEC), as reported by TheCable. While speaking at the Nigeria Stablecoin Summit held in Lagos,...
Starting August 1, Hong Kong will enforce its new Stablecoin Ordinance, making it a criminal offence to offer or promote fiat-referenced stablecoins (FRS) to retail investors without a license. Under the law, violators face fines of up to 50,000...
The Bank of England (BOE) is re-evaluating its plans to launch a digital pound amid shifting priorities towards stablecoins and tokenized bank deposits, according to people familiar with the matter. Bloomberg reported that the BOE is urging commercial banks...
Ethena, a prominent player in decentralised finance has introduced an ambitious initiative to reinforce its ENA token ecosystem by launching a $360 million buyback programme. This strategic move will be executed through StablecoinX, the project’s newly established crypto treasury...
Western Union is preparing to integrate stablecoins into its global remittance infrastructure, marking a strategic shift toward digital assets as regulatory clarity around digital currencies continues to emerge. In an interview with Bloomberg on July 22, CEO Devin McGranahan...
Wellcell Holdings (HK:02477) has officially entered the crypto payments space with the launch of Fopay, a global stablecoin payment platform. This strategic move positions the Hong Kong-listed firm to tap into rising demand for digital financial infrastructure and align...
Conflux Network’s native token, CFX, jumped 42.7% over the past 24 hours to $0.2143, leading the day’s crypto gainers amid a wave of bullish developments centered on China’s push for a yuan-backed stablecoin. In parallel, Conflux has seen a...
Crypto-integrated banking startup Dakota has raised $12.5 million in a Series A round led by CoinFund, with participation from 6th Man Ventures and Triton Ventures, as it looks to reinvent global business banking using stablecoins and U.S. Treasuries. Founded...
Tether’s flagship stablecoin, USDT, is expanding at an unprecedented pace, reaching a record market capitalization of $160 billion despite looming challenges from new U.S. regulations. According to a July 18 analysis by CryptoQuant contributor Darkfost, the surge has been...
WSPN has announced the official listing of its U.S. dollar-pegged stablecoin, WUSD, on Coins.ph — the Philippines’ largest and most trusted cryptocurrency exchange. The move introduces a direct WUSD/PHP trading pair, allowing Filipino users to easily convert pesos into...
