Category: Stablecoin
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Swiss financial watchdog FINMA rolls out guidance for stablecoin issuers
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Swiss regulator FINMA has published guidance for issuers of stablecoins, urging them to verify the identity of all persons holding digital tokens linked to fiat currencies. The Swiss Financial Market Supervisory Authority (FinMarket Supervisory Authority) has published new guidance on the risks and challenges associated with stablecoins for issuers and…
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State Street Is Exploring a Stablecoin and Tokenized Deposits Launch: Report
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State Street Corp., a major Boston-based firm in traditional finance, is exploring launching its own stablecoin and tokenized deposits to improve payment settlement using blockchain technology. According to Bloomberg a report On Wednesday, the bank made active efforts to integrate into the cryptocurrency space. State Street Seeks Digital Expansion In…
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Hong Kong’s Top Virtual Bank to Offer Reserve Services to Crypto Stablecoin Issuers
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Hong Kong’s largest virtual bank, ZA Bank, achieved a new milestone earlier today by an offer Hong Kong has announced plans to offer exclusive Reserve Bank services to stablecoin issuers, a move in line with Hong Kong’s recent regulatory progress regarding cryptocurrencies. The initiative is part of the region’s new…
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Tron’s Justin Sun reveals gas-free stablecoin transfer solution development
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Tron (TRX) founder Justin Sun has revealed his plans for an innovative solution to simplify stablecoin transfers by eliminating gas fees. Facilitating stablecoin transfers According to Sun, this upcoming feature will enable users to conduct stablecoin transactions without the burden of additional gas tokens, with fees instead covered by the…
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Justin Sun To Launch Gas-Free Stablecoin Transfer On Tron, Other Networks
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In an exciting development, Tron Network founder Justin Sun has announced plans to introduce gas-free stablecoin transfers. This has sparked a lot of reactions with many applauding Tron’s latest proposed feature, while other users have criticized the late implementation of this upgrade. Gas-Free Stablecoin Transfers to Begin by Q4 2024…
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Justin Sun To Launch Gas-Free Stablecoin Transfer On Tron, Other Networks
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In an exciting development, Tron Network founder Justin Sun has announced plans to introduce gas-free stablecoin transfers. This has sparked a lot of reactions with many applauding Tron’s latest proposed feature, while other users have criticized the late implementation of this upgrade. Gas-Free Stablecoin Transfers to Begin by Q4 2024…
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USDC Becomes First Major MICA Compliant And Regulated Stablecoin In The European Economic Area (EEA)
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In a significant development for the digital assets landscape, circleCircle, a global fintech and USDC issuer, announced that its French entity has become the first global stablecoin issuer to achieve compliance with the European Union’s pioneering Markets for Crypto-Assets (MiCA) regulatory framework. This achievement underscores Circle’s commitment to building a…
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USDC Becomes First Major MICA Compliant And Regulated Stablecoin In The European Economic Area (EEA)
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In a significant development for the digital assets landscape, circleCircle, a global fintech and USDC issuer, announced that its French entity has become the first global stablecoin issuer to achieve compliance with the European Union’s pioneering Markets for Crypto-Assets (MiCA) regulatory framework. This achievement underscores Circle’s commitment to building a…
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Solana’s Stablecoin Volume Plummets To $7 B From $100 Billion
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Solana, The blockchain platform heralded as a rising star in the decentralized finance (DeFi) space has found itself at the center of a stunning revelation. According to recent reports, the platform’s daily stablecoin trading volume, which was once estimated at $75-100 billion, has dropped by a staggering 93% to just…
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Solana’s Stablecoin Volume Plummets To $7 B From $100 Billion
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Solana, The blockchain platform heralded as a rising star in the decentralized finance (DeFi) space has found itself at the center of a stunning revelation. According to recent reports, the platform’s daily stablecoin trading volume, which was once estimated at $75-100 billion, has dropped by a staggering 93% to just…
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Here’s How Much Stablecoin Transfer Volume Has Increased Over the Past 4 Years
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According to Token Terminal data, monthly stablecoin transfer volume rose to over $1.68 trillion in April, representing a significant increase from the $100 billion recorded in October 2020. This 16-fold increase highlights the potential of stablecoins in enhancing financial operations and facilitating cross-border transfers. Record-breaking stablecoin volumes In a recent…
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Navigating The Lummis Gillibrand Act, Stablecoin Regulatory Landscape: A Comprehensive Exploration
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The world of digital finance has seen a rapid rise in the importance of stablecoins, which are crypto assets designed to maintain a stable value compared to a reference asset, usually the US dollar. As this innovative financial instrument has gained momentum, policymakers have grappled with the need to create…
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Navigating The Lummis Gillibrand Act, Stablecoin Regulatory Landscape: A Comprehensive Exploration
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The world of digital finance has seen a rapid rise in the importance of stablecoins, which are crypto assets designed to maintain a stable value compared to a reference asset, usually the US dollar. As this innovative financial instrument has gained momentum, policymakers have grappled with the need to create…
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Transak to integrate PayPal’s stablecoin on platform
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Transak has announced the listing of PayPal’s stablecoin, PayPal USD (PYUSD), on its platform. Transak users can now buy PYUSD using their preferred local payment methods. This integration was a strategic move aimed at overcoming the fundamental challenge of broader cryptocurrency adoption – the conversion of traditional currencies to cryptocurrencies.…
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Australia’s largest bank shuts down stablecoin project: report
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National Australia Bank has reportedly halted development of its own stablecoin called AUDN just a year after such plans were first revealed. National Australia Bank (NAB), one of Australia’s four largest financial institutions, has quietly stopped work on its Ethereum-based stablecoin, with the team responsible for development reportedly leaving the…
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Australia’s largest bank shuts down stablecoin project: report
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National Australia Bank has reportedly halted development of its own stablecoin called AUDN just a year after such plans were first revealed. National Australia Bank (NAB), one of Australia’s four largest financial institutions, has quietly stopped work on its Ethereum-based stablecoin, with the team responsible for development reportedly leaving the…
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Stablecoin Giant USDT (Tether) Solidifies Foothold In Bitcoin Mining With 25% Stake In Bitdeer
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In an exciting development, the issuer of the stablecoin USDT, pregnancy, made a strategic investment by acquiring a significant 25% stake in prominent Bitcoin mining company, Bitdeer. The move, as confirmed by a recent SEC filing, places Tether as Bitdeer’s second-largest shareholder, after Victory Courage Ltd., a company linked to…
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Paxos Launches Yield-Bearing Stablecoin in Argentina in Partnership with Crypto Platforms
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