The industry has displayed several signs of recovery after a tumultuous crypto winter. Although Bitcoin and other major cryptocurrencies have received significant attention, stablecoins have also outpaced other asset types in terms of usage, accounting for more than half of all transaction volume in recent months. Chainalysis’ latest data suggests that …
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On April 17, the two pro-crypto Senators introduced the Lummis-Gillibrand Payment Stablecoin Act. The bill “solves key policy challenges that have lingered around previous proposals and provides prudential regulation and added consumer protections to stablecoin issuers,” said Lummis, who added, “But above all, it allows innovation to prosper.” The Senators …
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The introduction of a new draft bill aimed at regulating stablecoins in the United States has ignited a firestorm of debate within the cryptocurrency sector. This legislative development, while still in its formative stages, is positioned to significantly alter the operational landscape for digital currencies, particularly Ethereum and its associated …
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[PRESS RELEASE – New York, United States, April 9th, 2024] JST Digital (“the Company” or “JST”), a global financial services firm specializing in digital assets, today announced that it has joined the Stablecoin Standard, the industry body for stablecoin issuers globally, to help establish international standards for high-quality liquid stablecoins. Scott Freeman, Co-Founder & …
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[PRESS RELEASE – Singapore, Singapore, April 8th, 2024] DigiFT, the first on-chain Real World Asset (RWA) exchange regulated by the Monetary Authority of Singapore (MAS), is proud to announce the launch of its second-series RWA depository receipt (DR) token. The DigiFT USD Money Market Fund Token (DMMF), aims to offer …
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According to local media reports in Japan, Sony Bank announced its foray into the stablecoin world, launching a trial to issue its fiat-linked digital currency. In collaboration with blockchain company SettleMint, one of the most notable aspects of the pilot program is that the trial will take place on the …
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In a move highlighting the growing interest in the stablecoin market, Nick Van Eck, son of investment management veteran Jan Van Eck, is making a significant bet on cryptocurrencies through the family business. Agora, a startup co-founded by spot Bitcoin exchange-traded fund (ETF) manager firm VanEck, along with crypto veterans …
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While Tether (USDT), the world’s leading stablecoin, has been pivotal in facilitating transactions across the blockchain space, a recent analysis by blockchain analytics firm TRM Labs sheds light on a less desirable aspect of USDT’s ubiquity: its significant use within illicit crypto flows during the past year. This development unfolds …
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On Wednesday, BlackRock, the world’s largest asset manager, announced the launch of its first tokenized fund on the Ethereum blockchain, marking a significant stride in bridging the gap between traditional finance and digital assets. The BlackRock USD Institutional Digital Liquidity Fund, known as BUIDL, aims to provide qualified investors with …
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RippleX, the development arm of Ripple, has formally announced the integration of the BRLA Token, a stablecoin pegged to the Brazilian Real (BRL), on the XRP Ledger. This event signifies a crucial advancement for the XRP Ledger and its ecosystem, offering a new layer of stability and efficiency for cross-border …
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[PRESS RELEASE – Grand Cayman, Cayman Islands, March 8th, 2024] Powered by Pravica, S3 will provide builders on the Sui blockchain with the opportunity to seamlessly launch native stablecoins without the complexities of smart contract development and currency management S3.MONEY (S3), a stablecoin studio developed on top of the Sui …
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[PRESS RELEASE – Toronto, Canada, March 8th, 2024] Conflux Network, the only regulatory compliant public blockchain in China, today announces its pivotal role in assisting the successful beta-testing of the Hong Kong Dollar (HKD)-backed stablecoin, AxHKD. Built by local fintech company AnchorX, the stablecoin will be launched on Conflux Network …
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