Ripple’s USD-backed stablecoin, RLUSD, has received approval from the Financial Services Regulatory Authority (FSRA) to operate within the Abu Dhabi Global Market (ADGM). This designation allows institutions licensed […]
Visa Partners with AquaNow to Expedite Settlements Using Stablecoins
Visa and AquaNow have joined forces to accelerate transaction processing through the implementation of stablecoins. This strategic alliance aims to improve financial transaction efficiency by leveraging the speed […]
US Bank Tests Dollar Stablecoin on Stellar Blockchain, Emphasizing Regulatory Compliance
US Bank has begun a pilot testing of a bank-backed digital dollar on the Stellar public blockchain. This marks one of the first instances of a major U.S. […]
Ripple’s RLUSD Stablecoin Gains Regulatory Nod in Abu Dhabi
In a significant development for the cryptocurrency industry, Ripple’s stablecoin, RLUSD, has received regulatory approval from the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market. This […]
Ripple’s RLUSD Market Surge: A Milestone in Stablecoin Expansion
Ripple has achieved a significant milestone with the rapid expansion of its Real-Time Liquidity USD (RLUSD) stablecoin. Reaching a $1 billion market cap on the XRP Ledger by […]
S&P Downgrades Tether’s USDT Stability Rating, Raising Concerns About Reserves
S&P Global Ratings has issued a downgrade to Tether’s USDT stability rating, citing concerns about the stablecoin’s Bitcoin-backed reserves. This action follows S&P’s assessment of Tether’s reserve strategy, […]
Tether Halts EUR₮ Stablecoin Amidst Regulatory Shifts
Tether has announced the discontinuation of its euro-pegged stablecoin EUR₮, citing evolving European regulations as a primary factor. This move marks Tether’s strategic shift towards community-driven products and […]
Bolivia Embraces Crypto, Aims to Modernize Economy with Stablecoin Integration
Bolivia’s government is integrating cryptocurrencies and stablecoins into the financial system as part of a push to modernize its economy. The initiative comes amidst soaring inflation that has […]
Bitget Wallet Introduces USDT & USDC Transfers in Nigeria & Mexico for Seamless Fiat Access
Bitget Wallet has just launched instant USDT and USDC bank transfers in Nigeria and Mexico. This innovative feature eliminates the need for peer-to-peer exchanges or centralized gateways, facilitating […]
S&P Global Downgrades Tether’s USDT Stability Rating as Risk Rises
S&P Global Ratings has downgraded Tether’s USDT stability assessment to the lowest tier, citing concerns about a growing reliance on high-risk assets. The agency warns that the world’s […]
Bolivia Embraces Crypto with New Stablecoin Policy: A Major Shift in Latin America
Bolivia has taken a significant leap forward in its approach to cryptocurrency, officially integrating stablecoins into its formal financial system. This marks a major shift for the South […]
South African Reserve Bank Raises Concerns Over Crypto Risks and Stablecoins
The South African Reserve Bank has expressed serious concerns about the growing risks associated with cryptocurrencies and stablecoins. The rapid increase in cryptocurrency adoption, with 7.8 million users […]
KakaoBank Embarks on Stablecoin Development Phase, Shifting Towards Blockchain-Driven Financial Services
KakaoBank has officially transitioned into the development phase of its blockchain strategy and stablecoin initiative. This significant move signifies a shift from conceptual planning to tangible implementation, as […]
KakaoBank Launches Korean Won-Pegged Stablecoin Development
KakaoBank has taken a decisive step towards entering the digital finance sector by initiating development of a Korean won-pegged stablecoin. This move positions KakaoBank to compete with rivals […]
Deutsche Börse Embraces EURAU Stablecoin in Digital Asset Strategy
Deutsche Börse has announced its integration of the euro stablecoin EURAU, issued by AllUnity, into its digital asset strategy. This strategic move follows previous support for Circle’s EURC […]