Japan’s second-largest bank, Sumitomo Mitsui Financial Group (SMFG), has partnered with blockchain pioneers Ava Labs and Fireblocks to develop a stablecoin. This innovative project aims to modernize payment […]
Stablecoins: Reshaping Global Payments by 2025
The global payments landscape is witnessing a dramatic shift, with stablecoins poised to redefine how we transact in the digital economy by 2025. In 2024 alone, stablecoin transaction […]
Sumitomo Mitsui Launches Stablecoin with Ava Labs, Revolutionizing Cross-Border Payments
Sumitomo Mitsui Financial Group (SMFG), Japan’s second-largest bank, has partnered with Ava Labs and Fireblocks to launch a stablecoin, marking a significant step forward in blockchain adoption within […]
Justin Sun Saves TUSD Amidst Reserve Crisis
A recent crisis has rocked the stablecoin market as a $456 million diversion of TUSD reserves raises concerns about its stability and community trust. Justin Sun, founder of […]
Coinbase CEO Calls for Stablecoin Interest Payments to Congress
Coinbase CEO Brian Armstrong has urged Congress to consider allowing interest payments on stablecoins as a means of enhancing their economic value and aligning them with conventional financial […]
Usual Sets New Benchmark with $16 Million Bug Bounty, Surpassing Industry Record
Stablecoin protocol Usual has pushed the boundaries of cryptocurrency security by launching a $16 million bug bounty program alongside blockchain security firm Sherlock. This unprecedented initiative surpasses Uniswap’s […]
SMBC Partners with Ava Labs to Issue Stablecoins in Japan
Japan’s second-largest bank, Sumitomo Mitsui Banking Corporation (SMBC), is joining forces with blockchain technology company Ava Labs to launch stablecoins within the country. This move aligns with Japan’s […]
Sumitomo Mitsui to Launch Fiat-Pegged Stablecoin in Japan
Sumitomo Mitsui Financial Group (SMFG) is set to develop a fiat-pegged stablecoin for use within Japan’s digital payment infrastructure. This move signals a growing institutional interest in cryptocurrencies […]
SMFG Partners with Fintech Leaders to Explore Stablecoin Commercialization
Sumitomo Mitsui Financial Group (SMFG), in collaboration with Sumitomo Mitsui Banking Corporation (SMBC), TIS, Ava Labs, and Fireblocks, has formed a strategic alliance to explore the commercial potential […]
Tether Adds $735 Million to Bitcoin Reserves with Latest Acquisition
Tether, the issuer of the world’s leading stablecoin USDT, has just made a significant investment in Bitcoin, purchasing 8,888 BTC worth approximately $735 million. This latest acquisition was […]
Circle Warns of Potential Risks Associated with USDT Stablecoin
A recent filing by Circle highlights potential risks tied to its USD Tether (USDT) stablecoin, according to PANews and Bloomberg analyst James Seyffart. The S-1 document reveals Circle […]
Stablecoin Debate Heats Up as Lawmakers Clash Over Consumer Returns
The cryptocurrency market is experiencing a heated debate regarding stablecoins and their potential impact on the financial landscape. This clash centers around the issue of consumer earnings with […]
Cardano’s Price Soars After Integration with Ripple’s Stablecoin
Following a recent market downturn, Cardano’s price has shown signs of recovery, reaching new heights thanks to the integration of Ripple’s stablecoin, RLUSD. This move is anticipated to […]
Coinbase’s Stablecoin Proposal Faces Regulatory Hurdles
A major push for interest-bearing stablecoins at Coinbase has encountered roadblocks within the U.S. legislative landscape. While Brian Armstrong, CEO of Coinbase, advocates for these types of stablecoins, […]
Bitso Launches Mexican Peso-Backed Stablecoin on Arbitrum
Bitso, a leading cryptocurrency exchange based in Mexico, has launched MXNB, a stablecoin pegged to the Mexican Peso. The stablecoin is issued and managed by Bitso’s subsidiary Juno, […]