DeFi token AAVE faces major correction after soaring 100% in a month
More than 50% of AAVE's recent gains appeared after Aave Companies proposed to launch a native stablecoin.
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Crypto payments gain ground thanks to centralized payment processors
Mastercard, Visa, PayPal and several others have paved the way for crypto to be used as a tool of payment for buying daily needed goods.
Circle discloses full breakdown of $55.7B USDC reserves
As of June 30, about 75.6% of Circle’s reserves were held in U.S. Treasuries and 24.4% were held in cash at regulated financial institutions.
UK’s government-backed Millicent Labs demos a retail full-reserve digital currency
The issuer says the currency avoids pitfalls of central bank digital currency and stablecoins while bridging blockchain and traditional financial technology.
BIS committee and IOSCO issue guidance for regulation of stablecoin arrangements
The international organizations affirm the "same risk, same regulation" principle by extending decade-old rules to the rapidly expanding new financial technology.
Picpay to Offer Cryptocurrency Services in Brazil to More Than 60 Million Customers
Picpay, one of the most popular payments fintech companies in Brazil, has announced that it will start including cryptocurrency services in its app. The company explained that these services will…
First Regulated British Pound Stablecoin Launched
Poundtoken, the first fully regulated, fully-collateralized stablecoin pegged to the Great British pound, is now being offered by a company located in the Isle of Man. GBPT Available on UniSwap...
100-Year-Old Pennsylvania-Based Bank Approved to Leverage Makerdao’s Stablecoin Vault
Makerdao, the decentralized autonomous organization (DAO) that issues the stablecoin DAI, approved a governance proposal that provides “collateral integration from a U.S.-based bank.” The Makerdao governance proposal passed by a…
KPMG to audit new pound-backed stablecoin GBPT
In terms of daily turnover, the British pound (GBP) is the fourth most traded fiat currency in the world, according to the Bank for International Settlements.
Tether fortifies its reserves: Will it silence critics, mollify investors?
USDT is under attack from short sellers. Would they go away if only the company hired a Big Four accounting firm to audit its balance sheet?
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