Browsing: stablecoins

A Russian court is addressing a significant case regarding whether individuals possess property rights to USDT and other stablecoins. This landmark ruling could have implications for cryptocurrency ownership in Russia. The court’s decision will clarify… (via Bpaynews real-time desk)

Africa is adopting stablecoins through IOTA to facilitate $70 billion in trade across the continent. This initiative aims to enhance financial transactions and trade efficiency in the region. By leveraging stablecoins, African countries seek to… (via Bpaynews real-time desk)

Headline: ECB Official Warns Rapid Stablecoin Growth Could Pose Systemic Risks As stablecoins expand at a swift pace, a European central banker has warned that the sector could become systemically important—especially those tied to U.S.… (via Bpaynews real-time desk)

Why Stablecoins Could Mark a Turning Point for Crypto In the vast and ever-evolving landscape of cryptocurrencies, stablecoins emerge as a beacon of stability and practicality that could potentially turn the tide in favor of… (via Bpaynews real-time desk)

Tether dominance Tether’s market dominance has reached its highest point since April, prompting discussions about the implications of this shift in the cryptocurrency landscape. This surge in dominance indicates increased utilization of Tether, a stablecoin… (via Bpaynews real-time desk)

Circle has launched StableFX, a stablecoin foreign exchange engine, alongside its Partner Stablecoins program aimed at improving the global foreign exchange infrastructure. The introduction of StableFX is designed to utilize blockchain technology to facilitate efficient…

The Monetary Authority of Singapore (MAS) has issued a warning regarding the systemic risks associated with unregulated stablecoins, indicating that new regulations are forthcoming. MAS emphasized that the lack of regulation in the stablecoin sector…

Brazil’s Bold Move: Integrating Stablecoins with Forex Laws In a significant policy shift, Brazil has introduced new regulations that bring stablecoins, a type of cryptocurrency, under the framework of foreign exchange (forex) laws. This groundbreaking…

Hong Kong’s FinTech Week highlighted the prominence of stablecoins, overshadowing central bank digital currencies (CBDCs) in discussions and presentations. The event served as a platform for industry leaders to explore the evolving landscape of digital… (via Bpaynews real-time desk)

BNY forecasts that stablecoins and tokenized cash will reach a value of $3.6 trillion by 2030, driven by increasing institutional adoption. The financial institution highlights the growing interest from various sectors in digital assets, which… (via Bpaynews real-time desk)