Circle, the company behind the USDC stablecoin, recently announced support for Apple Pay. This move aims to bridge the gap between cryptocurrencies and traditional payment methods. This could increase sales for businesses that only accept traditional payments by allowing...
Digital currency adoption is reshaping the global financial, monetary, and regulatory landscapes. Private digital currencies have the potential to disrupt the market by lowering the cost of payments and making the financial system more user-friendly. They also expedite settlement...
The CEO of FTX, Sam Bankman-Fried, recently told The Big Whale that the cryptocurrency exchange FTX is working on launching a stablecoin. Stablecoins are already available on other major cryptocurrency exchanges. Binance, the largest cryptocurrency exchange in terms of...
The crypto space is constantly evolving, with novel features regularly developed and implemented. Volatility in the cryptocurrency market prompted the creation of a type of coin specifically immune to the market's swinging effects. Investors desired a coin that could...
The latest issue of the Macroprudential Bulletin, published by the European Central Bank (ECB), focuses on financial risks associated with cryptocurrencies, particularly those linked to stablecoins and DeFi platforms, as well as the threat posed to goals for the...
The issuer of the largest US dollar-pegged stablecoin, Tether, announced in a press statement that it plans to expand its services by introducing GBPT, a stablecoin pegged to the British pound. The token, scheduled for launch in July, will...
Circle Internet Financial, the company behind USD Coin (USDC), announced the introduction of Euro Coin (EUROC) on June 16. Euro Coin is a stable coin tied to the euro that will be available to the general public starting June...
There are various types of cryptocurrencies, each with its own set of characteristics. Some cryptocurrencies are designed to be utility tokens, which means they can only be used within the issuing ecosystem. A cryptocurrency may be a DeFi token,...
In the wake of the collapse of TerraUSD, an algorithmic stablecoin, it was widely expected that financial regulators would take swift action to set some ground rules for stablecoins. (See “Terra LUNA 99% Crash: How Did It All Go...
On 8 June 2022, the New York State’s Department of Financial Services (DFS) issued a Regulatory Guidance on Baseline Criteria for USD-Backed Stablecoins. The Guidance applies to entities licensed by the DFS to engage in virtual currency business activity (so-called “BitLicense”)...
