The new money market fund aims to improve oversight and smooth operations for stablecoin issuers. The Bank of NY Mellon …
Stablecoin
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Kyrgyzstan has rolled out a new stablecoin pegged 1:1 to the Kyrgyzstani som, while confirming plans to issue a central …
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Altcoin Insights
China Tech Giants Halt Hong Kong Stablecoin Plans Amid Beijing Concerns
by adminby adminChinese technology giants, including Ant Group and JD.com, have reportedly suspended plans to issue stablecoins in Hong Kong after regulators …
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Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Amid the global push for stablecoin adoption, …
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Three of Japan’s largest banks reportedly plan to jointly issue a yen-pegged stablecoin, contributing to the region’s growing adoption of …
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Tempo, a blockchain for stablecoin payment processing, just concluded a $500 million fundraising round. With TradFi support, this Stripe subsidiary …
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DeFi Developments
Bank of England’s £20,000 stablecoin cap sends ‘terrible signal’ to crypto, says Lord – DL News
by adminby adminThe Bank of England’s stablecoin limits received fresh criticism. Restricting stablecoin use sends ‘terrible signal’ to businesses, says member of …
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Japan’s three largest banking groups are reportedly planning to jointly launch a stablecoin as institutional interest in blockchain-based digital money …
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DeFi Developments
Paxos’ $300tn stablecoin blunder sparks confusion amid firm’s trust charter bid – DL News
by adminby adminPaxos accidentally minted $300 trillion of PayPal’s stablecoin. It’s not clear how the firm made such a colossal mistake. The …
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In brief Coinbase is launching an all-in-one financial platform for small and medium businesses to receive crypto, manage assets, and …