Category: Stablecoins
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Crypto As A Weapon? Russia Considers Stablecoins To Fight Sanctions
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Russia’s shift towards stablecoins comes against the backdrop of its presidency of the BRICS group (Brazil, Russia, India, China, and South Africa). BRICS The BRICS countries have previously discussed creating a digital currency-based payment system, the BRICS Bridge, to reduce reliance on the US dollar-dominated global financial system. But sanctions…
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J.P. Morgan bullish Stablecoins – see the market ‘growing again’
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JP Morgan says the rise in cryptocurrencies/Bitcoin so far this year has been a major boost to growth in stablecoins: In contrast to last year when market participants were still reeling from the collapse of several prominent crypto entities, the regional banking crisis, and of course the Fed’s tightening campaign,…
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Circle Executive Says Euro Stablecoins Will Boom After MiCA Goes Live In 2 Weeks
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Patrick Hansen, a senior policy executive at Circle, an issuer of USD and EUR stablecoins, believes that euro-based stablecoins will continue to rise in the coming days. Moving on to X, Hansen male The number of transactions made using Euro stablecoins is 1.1%. Euro against the stable US dollar Source:…
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Circle Executive Says Euro Stablecoins Will Boom After MiCA Goes Live In 2 Weeks
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Patrick Hansen, a senior policy executive at Circle, an issuer of USD and EUR stablecoins, believes that euro-based stablecoins will continue to rise in the coming days. Moving on to X, Hansen male The number of transactions made using Euro stablecoins is 1.1%. Euro against the stable US dollar Source:…
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Ripple Finalizes Acquisition of Standard Custody, Appoints CEO as SVP for Stablecoins
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Payments in Africa: A Cross-Border and Device Revolution | Fmas:24 Payments in Africa: A Cross-Border and Device Revolution | Fmas:24 Payments in Africa: A Cross-Border and Device Revolution | Fmas:24 Payments in Africa: A Cross-Border and Device Revolution | Fmas:24 Payments in Africa: A Cross-Border and Device Revolution | Fmas:24…
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The race between stablecoins and CBDCs
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Alisa DiCaprio from R3, Sian Jones from XReg Consulting, and Ran Goldi from Fireblocks shared their views on the current state and future of CBDCs compared to privately issued stablecoins. In a panel discussion at Money20/20, the three professionals discussed the potential for cooperation or competition between central bank digital…
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Ripple CEO talks stablecoins, DC shift, ETFs
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Ripple CEO Brad Garlinghouse said there is a massive shift in the outlook for cryptocurrencies in the capital, and regulations could spur an inevitable boom in the stablecoin market. Speaking at the 2024 Consensus Conference, Garlinghouse emphasized the impact of cryptocurrencies on the upcoming election to determine the next US…
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Stablecoins Under Scrutiny: Study Reveals 90% Non-User Transactions
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A recent study by Visa and Allium Labs revealed that more than 90% of stablecoin transactions do not originate from real users. These findings raise questions about the potential for stablecoins to revolutionize the payments sector despite industry leaders’ optimism and overall positive market sentiment. Potential of stablecoins in payments…