Binance has achieved a historic milestone, surpassing $42 billion in stablecoin reserves, leading to its dominance in the crypto market. The company’s partnership with PayPay, a prominent Japanese […]
Better Payment Network Secures $50 Million in Funding to Revolutionize Blockchain-Based Payments
Payment infrastructure startup Better Payment Network (BPN) has secured a significant $50 million seed funding round led by YZi Labs. This investment signifies a major step towards developing […]
Stablecoins: Revolutionizing Cross-Border Payments
A new KPMG report reveals how stablecoins are set to transform the world of international money transfers. By significantly reducing settlement times and transaction costs, these digital currencies […]
Stablecoins Transform Cross-Border Payments, Report Finds
A new report reveals that stablecoins are dramatically changing cross-border payments, slashing settlement times and costs by up to 99% according to KPMG research cited by JPMorgan and […]
Tether Donates $250,000 to OpenSats for Bitcoin & Privacy Tech Development
Stablecoin issuer Tether has donated $250,000 to OpenSats, a non-profit dedicated to funding open-source Bitcoin initiatives. This contribution will support OpenSats’ grant programs focused on advancing censorship-resistant and […]
BlackRock Launches BSTBL Fund for Stablecoin Reserve Management
BlackRock has launched a new fund, the BlackRock Select Treasury Based Liquidity Fund (BSTBL), designed to meet the requirements of the GENIUS Act and support stablecoin reserve management. […]
Paxos Addresses Technical Glitch, Reclaiming Stability for PYUSD
A technical glitch caused a temporary surge in the supply of Paxos-issued stablecoin PYUSD. The error, discovered at 3:12 PM ET, led to the accidental creation of approximately […]
BlackRock Restructures Fund for US Stablecoin Reserves
BlackRock has made significant adjustments to its fund structure to comply with new U.S. stablecoin regulations. The asset management giant, managing over $13.5 trillion in assets, has implemented […]
Barr Calls for Enhanced Stablecoin Regulation
Federal Reserve Governor Michael Barr recently called for stricter rules governing stablecoins, highlighting the inadequacy of existing frameworks like the 2023 Consumer Financial Protection Bureau (CFPB) report on […]
Tether Supply Soars as Stablecoin Market Reaches New Highs
The supply of Tether (USDT), a leading stablecoin, has reached an all-time high of $181 billion. This surge in circulating USDT is driven by increased demand from institutions […]
Sony Bank Seeks OCC Charter for Regulated Stablecoin Issuance
Sony Bank has applied for a national banking charter from the Office of the Comptroller of Currency (OCC) to issue regulated U.S. dollar-pegged stablecoins. The application, submitted by […]
BlackRock Unveils New Money Market Fund for Stablecoin Issuers
BlackRock, a major asset management firm, is introducing a new money market fund designed to facilitate reserve management for stablecoin issuers. This move is in line with the […]
BlackRock Launches Stablecoin Fund, Capitalizing on Regulatory Tightening
BlackRock is entering the rapidly expanding stablecoin market with the launch of a new money market fund designed to comply with stringent federal regulations. This move positions the […]
Federal Reserve Calls for Stronger Stablecoin Regulations
The Federal Reserve (Fed) has urged stronger regulations for stablecoins, aiming to enhance market security and boost confidence. Fed Governor Michael Barr emphasized the need for specific measures […]
ESM Chief Warns Unregulated Stablecoins Threaten Global Financial Stability
Pierre Gramegna, Managing Director of the European Stability Mechanism (ESM), has issued a strong warning about the potential risks posed by unregulated stablecoins. He argued that these digital […]