A consortium of global banks is testing blockchain-based stablecoins pegged to G7 currencies, marking a significant step towards institutionalized digital money. The coalition, comprising Bank of America, Citi, […]
Banks Explore Stablecoin Tied to G7 Currencies
A group of prominent banks is embarking on an exploration to launch stablecoins backed by fiat currencies from the Group of Seven (G7) countries, including the US dollar, […]
10 Global Banks Partner to Launch Stablecoin Consortium
Major international banks are forging an alliance to develop a joint stablecoin, signifying a pivotal step towards bridging the gap between traditional finance and cryptocurrencies. This initiative was […]
EU Officials Push for Euro Stablecoins to Counter U.S. Dominance in $300 Billion Market
European Union officials are urging for accelerated development of euro-backed stablecoins, highlighting the need to lessen reliance on dominant U.S. dollar-based digital currencies. Speaking at a Fintech Forum […]
Ten Major Banks Join Forces to Develop a Joint Stablecoin Initiative
A significant shift in the world of finance is underway as ten of the most influential banks have joined forces to develop a groundbreaking stablecoin project. The initiative, […]
Major Banks Team Up on Stablecoin Project
A group of prominent global banks have joined forces to develop a joint stablecoin project. The initiative includes Santander, Bank of America, Barclays, BNP Paribas, Citi, Deutsche Bank, […]
YUSD Listed on WOO X for Spot Trading: Expanding Options and Potential Impact
WOO X has officially added YUSD to its platform, enabling spot trading against the USDT pair starting May 16, 2025. With withdrawals beginning May 17th, this listing expands […]
EU Banks Launch Euro-Backed Stablecoin, Aiming for Dominance in Digital Finance
A consortium of nine European banks is set to launch a euro-backed stablecoin by 2026, aiming to challenge the dominance of dollar-pegged tokens in the digital finance market. […]
Coinbase and Mastercard Aim for Historic Stablecoin Acquisition with BVNK Deal
A potential landmark acquisition in the stablecoin market is brewing as Coinbase and Mastercard have reportedly entered advanced discussions to acquire BVNK, a prominent stablecoin infrastructure firm. If […]
EU Pushes for Euro-Denominated Stablecoins to Counter Dollar Dominance
The European Union is taking steps to diversify its reliance on US dollar-denominated stablecoins by encouraging the development of euro-denominated versions. Pierre Gramegna, managing director of the European […]
Abracadabra Third Hack: $1.8 Million Loss Mitigated Through Treasury Buyback
The DeFi lending platform Abracadabra Money, known for its MIM stablecoin, has been hit by a third security breach in the past two years. This time, losses amounted […]
Ripple Embarks on Expansion in the Middle East: Partnering with Bahrain Fintech Bay
Ripple Labs is actively expanding its presence in the Middle East, forging a strategic partnership with Bahrain Fintech Bay (BFB). This collaboration aims to position Bahrain as a […]
North Dakota Launches USD-Backed Stablecoin ‘Roughrider Coin’ for 2026 Release
North Dakota is taking a significant step in the realm of financial innovation, unveiling plans to launch its own USD-backed stablecoin called ‘Roughrider Coin’. The initiative, spearheaded by […]
Citigroup Invests in BVNK, Embracing Stablecoins as Wall Street Shifts
Citigroup has made a significant investment in BVNK, a London-based stablecoin infrastructure company valued over $750 million. This move aligns with the growing interest in stablecoin technology among […]
North Dakota Launches Stablecoin: Roughrider Coin Empowers DeFi Access
Roughrider Coin, a US dollar-backed stablecoin project launched in partnership with Fiserv, aims to provide seamless and affordable transactions for users across banks, credit unions, and merchants. This […]