Hong Kong-based digital asset custodian Hex Trust has teamed up with fintech company IDA to deliver institutional-grade custody services for IDA's stablecoin products. This partnership aims to enhance cross-border commerce and digital payments, ensuring secure and compliant custody solutions...
Custodia Bank and Vantage Bank have made history by issuing America’s first bank-backed stablecoin on a permissionless blockchain. This milestone marks the first instance of a U.S. bank tokenizing demand deposits, enabling seamless transactions using Avit™ stablecoins, according to...
The Philippines' largest digital wallet, GCash, has added support for Circle’s flagship stablecoin product, USDC. The development increases the number of digital assets the platform supports through its crypto division, GCrypto, to 39. The addition of USDC support means...
Hong Kong-based digital asset company IDA Finance has teamed up with Japanese banking group Progmat and other blockchain firms to develop a stablecoin-powered remittance service connecting Hong Kong and Japan. According to a press release, IDA and Progmat, alongside...
The number of active stablecoin wallets has surged by over 50% in the past year, reflecting growing adoption and integration into digital finance, according to a recent report by on-chain analytics platforms Artemis and Dune. The report, titled “The...
As the United States moves closer to introducing stablecoin legislation, Circle CEO Jeremy Allaire is urging tighter regulatory oversight, calling for all issuers of dollar-pegged digital assets to be registered within the United States. In an interview with Bloomberg,...
PayPal wants to boost the adoption of its USD-pegged stablecoin, PayPal USD (PYUSD), by integrating across its services. According to Bloomberg, the payment giant is planning to introduce PYUSD as an option for its over 20 million small to...
Braza Group has introduced BBRL, a stablecoin pegged to the Brazilian Real, on the XRP Ledger (XRPL) to enhance digital transactions in Brazil and South America. The company, ranked sixth in Brazil’s interbank market operations by the Central Bank...
Federal Reserve Governor Christopher Waller advocates for a regulatory framework that permits banks and non-banks to issue stablecoins. He believes stablecoins could enhance the U.S. dollar's global influence, but their effective adoption requires clear regulations. Speaking at a conference...
Brazil has witnessed a significant surge in cryptocurrency adoption, with stablecoins now driving nearly 90% of digital asset transactions, according to Gabriel Galipolo, the country's central bank chief. Galipolo reportedly made this declaration while speaking at a Bank for...
