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Spanish multinational banking giant BBVA has started offering Circle’s USDC stablecoin for its high-profile clients via its Swiss arm. BBVA’s institutional and private banking clients in Switzerland can now manage Circle’s stablecoin USD Coin (USDC) alongside traditional investments on the…
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Japanese financial giants MUFG Bank, Mizuho Financial Group, and SMBC are set to test cross-border stablecoin transfers, leveraging SWIFT’s API. Three of Japan‘s largest financial institutions — Mitsubishi UFJ Financial Group, Mizuho Financial Group, and Sumitomo Mitsui Financial Group —…
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Crypto market maker DWF Labs has plans to launch a stablecoin product that may compete with Ethena’s USDE. According to Andrei Grachev, co-founder of DWF Labs, the crypto trading and market-making startup has finalized the design for its synthetic stablecoin.…
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Daniel Howard and Bhavin Vaid have launched Halo Capital, a $25 million venture fund focused on early-stage crypto projects across the digital asset ecosystem. Daniel Howard, son of British hedge-fund billionaire Alan Howard, and colleague Bhavin Vaid have raised $25…
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The Sui blockchain is broadening its stablecoin offerings by adding Agora’s AUSD, following its earlier launches on Ethereum and Avalanche. Agora, a stablecoin company backed by Dragonfly, has launched its Agora Dollar (AUSD) stablecoin on Sui, the layer-1 blockchain network…
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Tether and the Reku crypto exchange are launching a nationwide crypto education roadshow in Indonesia, aiming to boost digital asset literacy across major cities. Stablecoin issuer Tether joined forces with Indonesian crypto exchange Reku to launch a nationwide educational initiative…
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The Universal Digital Payments Network has announced the integration of the Australian Digital Dollar into its platform, expanding its support for regulated stablecoins. Launched in Davos as a bridge between centralized and decentralized digital currency systems, the Universal Digital Payments…
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The Securities and Exchange Commission is facing criticism for its recent filing on the FTX bankruptcy, echoing its controversial approach in the Voyager case. In a recent filing, the SEC warned the FTX estate that it may oppose plans to…
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Ukrainian fraudsters posing as police officers have extorted $250,000 in USDT from a businessman through a scam involving fabricated criminal charges. Criminals impersonating police officers extorted $250,000 in stablecoin from a Ukrainian in a scam that involved threats of fabricated…
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Hong Kong-based firm IDA has secured $6 million in seed funding to accelerate the launch of its first fiat-referenced stablecoin. IDA, a Hong Kong-based digital asset company, has raised $6 million in seed funding led by CMCC Global’s Titan Fund…
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According to a Binance report, blockchain technology is set to transform the global payments landscape by addressing inefficiencies in traditional financial systems. The Binance research report highlights that while current payment methods, such as Visa and Mastercard, offer the convenience…
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The Stabila Foundation has launched a new initiative to boost stablecoin adoption within the Celo ecosystem, aiming to drive real-world use cases for the network. The Celo (CELO) blockchain ecosystem has welcomed a new foundation focused on increasing the adoption…
CELO
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Russia is said to begin trials of crypto exchanges and token transactions for cross-border payments to mitigate the impact of international sanctions. Russia appears to be days from starting trials of crypto exchanges and token transactions for cross-border deals in…
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Binance has announced plans to list Eurite, one of the first Euro-pegged stablecoins fully regulated under the European Union’s Markets in Crypto-Assets regulation. In a press release today, Aug. 26, Binance confirmed that Eurite (EURI), issued by Banking Circle S.A.,…
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USDC
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The Bank of Russia appears to be moving forward with plans to test cross-border crypto deals for qualified investors. Russia‘s central bank, the Bank of Russia, is considering amending the law to introduce a new category of “particularly qualified investors,”…
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Japan-based electronic commerce DMM Group and Progmat have begun a joint exploration into issuing a stablecoin. DMM.com, along with its affiliate DMM Crypto, is collaborating with Progmat to explore the issuance of a stablecoin. According to DMM’s press release on…
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Bitcoin reaches $55k as exchange net flows plunge
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Crypto excluded from Schumer’s legislative priorities after assurances
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BTT surges over 16% amid Tron’s milestone
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Swiss branch of BBVA bank brings USDC for institutional clients
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