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Citi has expanded its blockchain based Token Services into Japan, giving institutional clients access to 24/7 US dollar transfers at a time when Japanese banks and companies are building stablecoins for some of the same payment uses. According to Citi,…
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MoonPay has launched MoonPay Korea and plans to use the country as a base for its Asian business, with partnerships covering won stablecoins, cross border payments, remittances and digital asset infrastructure. According to Maeil Business Newspaper, MoonPay unveiled the strategy…
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Circle executive Nikhil Chandhok has argued that resistance to dollar stablecoins could keep the United States from drawing as much as $1 trillion in overseas demand for dollars. Moonshots LIVE brought Chandhok together with ARK Invest CEO Cathie Wood, Stability…
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RedotPay has completed a financial audit required for a potential U.S. initial public offering as the Hong Kong stablecoin payments company continues preparations to take the business public. According to RedotPay, the financial audit was conducted by a Big Four…
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South Korean industry participants want liquidity safeguards added to won stablecoin rules after JPYC, PYUSD and EURC price spikes.
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Ripple’s RLUSD has reached a circulating supply of about 2.49 billion tokens as the value of stablecoins on the XRP Ledger has risen roughly 6% in a week. CoinMarketCap data places RLUSD’s circulating supply at approximately 2.49 billion tokens and…
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Circle Foundation has announced two grants to help the United Nations Development Programme and World Food Programme test digital payments for development work and humanitarian aid. Circle Foundation said in its Sep. 25 announcement that the separate grants will help…
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Ripple CEO Brad Garlinghouse says XRP may suit some cross-border payments, while stablecoins can be a better fit for other customer needs.
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The Federal Reserve’s two September 24 proposals describe more than the assets behind a dollar token. One proposal sets the terms for an insured state member bank to seek approval for a stablecoin subsidiary; the other would govern the issuer,…
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Japan has expanded its push to bring yen stablecoins into everyday business use, with 26 companies, financial institutions and local government bodies joining a six month program that will test EJPY and other stablecoin use cases across payments, remittances and…
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The Federal Reserve has released two proposed GENIUS Act rules covering the assets that must back payment stablecoins and the approval process for banks seeking to issue them through subsidiaries. The Federal Reserve Board said in a Sep. 24 release…
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CoinShares and Token Terminal say RWA deposits tripled to $7.4B while tokenized asset trading grew despite a 15% decline in DeFi deposits.
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MeshWallet has raised $10 million in a private funding round to expand its gasless USDT wallet on TRON and build new services around its self custodial payments platform. According to the Tallinn based company, the round was led by a…
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Visa survey finds U.S. stablecoin use intent rises from 36% to 56% with hypothetical protections, while remittance scam concerns persist.
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U.S. officials are weighing overseas dollar-stablecoin projects that could extend dollar use and create additional demand for Treasury bills.
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Bitpace integrated Fireblocks for cross-border stablecoin settlement, adding custody controls and transaction management for global businesses.
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