Browsing: stablecoins

Circle has reported that USDC has crossed the $1 billion mark on-chain, with a significant portion, $900 million, originating from the BNB Chain. This milestone highlights the growing adoption and utilization of USDC within the… (via Bpaynews real-time desk)

The South Korean regulatory agency is evaluating the possibility of permitting technology companies to create their own stablecoins. This potential move could significantly impact the digital currency landscape in the country. By allowing tech giants…

Stablecoins, often seen as a safe haven in the volatile cryptocurrency market, are facing scrutiny over their stability and reliability. Despite their intended purpose, some stablecoins have exhibited significant fluctuations, raising questions about their backing…

Headline: BoE outlines plan to regulate sterling stablecoins with temporary holding caps The Bank of England is moving toward formal oversight of sterling-denominated stablecoins as they edge closer to mainstream use in payments and settlement.…

policy for stablecoins Canada has approved a budget that promotes a policy framework for stablecoins. This decision aims to enhance the regulatory landscape surrounding digital currencies. The budget includes measures designed to ensure that stablecoins… (via Bpaynews real-time desk)

RWA-Backed Stablecoins Obex has secured $37 million in funding to create a platform akin to Y Combinator, aimed at developing stablecoins backed by real-world assets (RWA). The funding round was led by Framework and Sky.… (via Bpaynews real-time desk)

Deutsche Börse plans to incorporate Societe Generale’s MiCA stablecoins into its core market systems. This move aims to enhance the trading and settlement processes within the exchange. The integration of these stablecoins is expected to…

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)