Stablecoin infrastructure startup Plasma has raised $373 million in a public token sale, emerging as a new player in the blockchain space. According to the company’s announcement on X, the sale saw 10% of its total 1 billion XPL...
Visa’s Head of Crypto, Cuy Sheffield, has downplayed the potential of stablecoins to revolutionize everyday retail payments, arguing instead that their real value lies in cross-border use cases — especially in emerging economies. Speaking in a recent interview with...
Bitcoin is trading just below $119,000, but key on-chain metrics are flashing caution. The 365-day moving average of the MVRV Ratio, a tool used to compare Bitcoin’s market value to its realized value, is mimicking the structure seen ahead...
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...
