Auto Added by WPeMatico
Stablecoin adoption in Denmark is currently very low and poses no immediate threat to domestic financial stability. However, according to the central bank, the rapid global growth in U.S. dollar-pegged…
This week, payments juggernaut Paypal, alongside M0 and Moonpay, launched PYUSDx, a platform that allows companies to create their own stablecoin-based products. Moreover, Paypal’s Senior Vice President and General Manager…
The fifth-largest commercial bank in the United States, U.S. Bank, announced this week that the Minneapolis lender completed a transaction using a stablecoin it issued itself on the public Stellar…
Visa’s stablecoin settlement volume has climbed above a $20 billion annualized run rate, up more than 15-fold from a year ago. The growth is forcing card issuers, lenders and banks…
Circle is acquiring Tazapay in a $400 million all-stock deal that would bring more than $25 billion in annual payment volume into its orbit. With 60% of Tazapay’s transactions already…
Stablecoins supply core market liquidity, yet large balances often sit idle to meet instant trading and margin needs. Kucoin says it has unveiled a solution that reduces the trade-off between…
DBS and Citi settled a US dollar cross-border payment between Singapore and New York on September 5 using tokenized deposits on SWIFT’s shared ledger, clearing the transfer in minutes over…
South Korea’s Financial Services Commission unveiled a phased roadmap on September 4 for converting stocks, bonds and investment funds into blockchain-based tokens, with the earliest phase due to start in…
Tether CEO Paolo Ardoino stressed that stablecoins are a more trusted form of money than tokenized bank deposits, explaining that they are collateralized by U.S. treasuries, while tokenized bank deposits…
Dunamu, the operator of Upbit, signed a strategic partnership with Visa on Aug. 27 to build stablecoin and artificial intelligence (AI)-driven payment infrastructure, the companies announced in San Francisco. Upbit’s…