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...
Senate Banking Committee Chairman Tim Scott has applauded the House of Representatives for approving the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act, describing it as a significant advance in shaping America’s digital asset landscape. In a...
German Web3 infrastructure firm Gnosis has made its first foray into the U.S. market through a strategic partnership with Noah, a stablecoin-powered finance company. This collaboration aims to offer USD virtual accounts designed to serve stablecoin users across the...
Up to 25% of high-risk stablecoin transactions may escape detection due to shortcomings in current blockchain compliance systems, a new study by MetaComp has revealed. The Singapore-based digital finance firm, licensed by the Monetary Authority of Singapore, warns that...
Bank of America (BofA), the second-largest U.S. bank, is preparing to enter the stablecoin market but is taking a cautious approach by prioritizing client demand and awaiting clear regulatory guidance. CEO Brian Moynihan confirmed that the bank has made...
KUN, a Hong Kong-based stablecoin and embedded finance platform, has secured over $50 million in funding just 20 months after launch, following a heavily oversubscribed Series A round. Backed by existing investors BAI Capital and GSR Ventures, the round...
JPMorgan Chase is moving forward with stablecoin initiatives, even as CEO Jamie Dimon remains skeptical about their broad appeal and necessity. In the latest quarterly earnings call, Dimon acknowledged JPMorgan's intent to engage in stablecoin development to keep pace...
Atlas has officially launched support for stablecoin accounts, ushering in a new era of crypto-native banking for businesses and private wealth entities in over 150 countries. This latest development enables users to send, receive, and hold stablecoin balances with...
