Quick breakdown: Monex Group is exploring issuing stablecoins pegged to the Japanese yen, backed by assets like government bonds, to enhance cross-border payments. The firm plans to acquire a European crypto company to bolster its global presence and differentiate...
Quick Breakdown Ripple and Circle join Series B funding to back Tazapay’s fiat-to-stablecoin payment infrastructure. $10B+ in annualized payment volume with 300% YoY growth reported. Licensing push underway in the U.S., UAE, Hong Kong, and Australia, alongside plans for...
Ripple has struck a new deal with SBI Holdings to introduce its U.S. dollar-backed stablecoin, Ripple USD (RLUSD), to the Japanese market, marking a major step in the country’s regulated digital asset ecosystem. Announced on August 22, Ripple and...
WSPN has unveiled a major push to transform stablecoins from speculative trading tools into standardized products for enterprise adoption, as global issuance of the digital assets surpasses $200 billion. The company announced that it is focusing on six core...
World Liberty Financial, the decentralized finance venture backed by the Trump family, has minted more than $200 million worth of its USD1 stablecoin just hours after a top U.S. central banker publicly endorsed the potential of stablecoins. The platform...
A senior Hong Kong regulator has cautioned that the city’s newly implemented stablecoin rules may be fueling fraud risks, as firms race to align themselves with the regime. According to an August 18 report by Chinese outlet Zhitongcaijing, Ye...
Japan’s Financial Services Agency (FSA) is set to approve the nation’s first yen-backed stablecoin, orchestrated by Tokyo-based fintech JPYC with investment from Circle, the global stablecoin leader behind USDC. The formal regulatory green light is expected to occur this...
Citigroup is gearing up to expand its presence in the digital asset market, targeting custody and payments solutions for stablecoins and cryptocurrency exchange-traded funds (ETFs) as part of its broader blockchain strategy. Speaking to Reuters, Biswarup Chatterjee, Citi’s global...
Coinbase is breathing new life into its Stablecoin Bootstrap Fund in a bid to strengthen liquidity for USD Coin (USDC) across both established and up-and-coming decentralized finance (DeFi) protocols. The U.S. crypto exchange said on Tuesday the fund’s initial...
A coalition of major US banking associations, led by the Bank Policy Institute (BPI), is urging lawmakers to amend new stablecoin legislation to prevent issuers and their affiliates from indirectly offering interest or yield on stablecoins. In a letter...
