Results for "stablecoin"

Aptos Foundation has teamed up with SK Telecom to bring Tether’s USDT stablecoin to T wallet. Aptos Foundation is set to integrate Tether’s (USDT) stablecoin into SK Telecom’s web3 product called “T wallet” in a bid to expand access to…

Agora’s AUSD, a stablecoin backed by VanEck and held by State Street, now powers cross-market liquidity on the Injective blockchain. Injective (INJ) has added support for AUSD, a U.S. dollar-pegged stablecoin issued by crypto startup Agora, marking a significant step…

The United States Treasury reported that stablecoin adoption and crypto volatility could increase T-Bill demand as digital asset growth continues. The U.S. Treasury acknowledged a boom in blockchain use and cryptocurrency investment in its Fiscal Year 2024 Q4 report. Stablecoins,…

CEO of Circle, Jeremy Allaire, says stablecoins will become a critical part of Hong Kong’s trade settlements as the region transitions into more Web3 territory. According to an Oct. 30 report on South China Morning Post, Jeremy Allaire said Circle(cUSDC)…

Hong Kong-based stablecoin issuer First Digital Trust said Thursday it is expanding its FDUSD token to the Solana network. First Digital USD (FDUSD), the fourth largest stablecoin by market capitalization issued by Hong Kong-based firm First Digital Trust, is coming…

In a recent open letter, Paxos CEO Charles Cascarilla expressed concerns that the United States risks falling behind in global finance without adopting stablecoin technology.  Addressed to current presidential candidates, Vice President Kamala Harris and former President Donald Trump, the…

Former President Donald Trump’s crypto project, World Liberty Financial, is reportedly planning to issue its own stablecoin, according to Decrypt. The stablecoin is expected to be pegged to the U.S. dollar to maintain a steady value amid the cryptocurrency market’s…

RD InnoTech has partnered with HashKey Exchange to launch its HKDR stablecoin, aiming to facilitate compliant cross-border payments. Hong Kong-based RD InnoTech, a subsidiary of RD Technologies Group, is moving forward with plans to issue its HKDR stablecoin, designed to…

The Indian central bank governor views stablecoins as a risk to government sovereignty over the monetary system. Speaking at the G30 39th Annual International Banking Seminar held in Washington DC, Reserve Bank of India governor Shaktikanta Das said he has…

Kalshi could enable more crypto-related options like stablecoin deposits amid a surge in volume for prediction markets and the approaching U.S. elections. It’s full steam ahead for Kalshi and its CEO, Tarek Mansour, following a court victory over the Commodity…

The UK is expected to introduce laws regulating stablecoins within a few months, according to a spokesperson from Circle. Circle, the issuer of the USD Coin (USDC), anticipates these laws will be in place soon, as stated in a CNBC…

Payments giant Stripe has completed the acquisition of stablecoin platform Bridge following a deal valued at over one billion dollars. Without revealing any details, Michael Arrington, co-founder of TechCrunch, confirmed the acquisition via an Oct. 20 X post, noting that…

In today’s edition of the weekly recap: Bitcoin ETFs enjoy a resurgence; Donald Trump’s World Liberty Financial undersells; and Ripple provides updates on a new stablecoin. Bitcoin ETFs recovery BTC breaches $68k Trump launches WLFI Harris addresses crypto, Trump widens…

Stripe is reportedly in talks to acquire stablecoin provider Bridge, five months after announcing it will allow U.S. merchants to accept USDC payments again. Multinational payments firm Stripe is said to be in talks with the Texas-headquartered stablecoin payments hub…

Siam Commercial Bank has introduced Thailand’s first stablecoin-powered cross-border payment system. Partnering with SCB 10X and Lightnet, the bank will use stablecoins—digital assets pegged to gold or the U.S. dollar—to facilitate faster, more efficient international transactions, according to a company…

Hermetica, the company behind the Bitcoin-backed stablecoin USDh, has raised $1.7 million in seed funding.  The funding will support the growth of USDh, a stablecoin designed to be backed by Bitcoin (BTC). A stablecoin is a type of cryptocurrency that…

The third quarter of 2024 saw a surge in stablecoin use and adoption, according to Coinbase’s 4th Quarter Guide to Crypto Markets report with Glassnode.  Stablecoins hit an all-time high market capitalization of nearly $170 billion in Q3 2024, according…

Paxos just announced the launch of its new stablecoin payments platform.  Stripe, a global payment processor, is the first company to use this new platform to support its “Pay with Crypto” feature, according to a press release.  This partnership allows…