Tag: Stablecoins

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Stablecoins

South Korea Pushes Crypto Reform With Digital Asset Bill

Stablecoins are codified into law in South Korea under the Digital Asset Basic Act. Local enterprises require 500M won to produce reserve-backed stablecoins. ...
Stablecoins

Uber Taps Stablecoins to Revolutionize Global Payments and Transfers

Uber is studying stablecoins to streamline global payments.  Stablecoins could cut cross-border fees and delays significantly.  CEO Dara Khosrowshahi sees blockchain as a...
Stablecoins

FTX Set to Distribute $5B in Stablecoins to Creditors

FTX will provide investors $5B in stablecoins by May 2025. Total claims are $11.745M, with recoveries at 123%-138%. The 2022 asset valuations used...
Market News

Russia Tightens Grip on USDT, Permits Cross-Border Crypto Use

Russia's new rules exclude USDT from domestic use due to sanctions risks.  Cross-border crypto transactions, including USDT, remain legal for international trade. The Central...
Market News

Italy Warns of Crypto Risks Amid Trump’s Support Surge

Trump’s crypto support contrasts with Italy’s cautious stance.  Digital assets’ ties with finance threaten global stability.  Stablecoins’ reliance on U.S. bonds raises systemic...
News

Circle Secures ADGM Approval to Expand Stablecoin Services in UAE

Circle receives ADGM approval to expand stablecoin services in UAE. Circle eyes full regulatory approval to operate in UAE's digital market. Circle, a global...
Crypto Payments

Mastercard Partners with OKX, Nuvei for Stablecoin Transactions

Mastercard partners with OKX, Nuvei for stablecoin payments. Mastercard integrates stablecoins for everyday global purchases. Mastercard has taken a major step in digital finance...
News

ECB Flags US Stablecoins Threat, Urges MiCA Reforms

ECB warns US stablecoins threaten European financial sovereignty. EU resists revising MiCA regulations despite ECB concerns. In a deepening policy divide within the European...
News

Bank of Korea Joins Stablecoin Regulation Efforts

Bank of Korea joins efforts to regulate stablecoins amid rising risks BOK flags risks of stablecoins threatening South Korea’s monetary stability The Bank of...
Stablecoins

Russia Eyes Own Stablecoin Launch, Finance Official Confirms

Russia plans stablecoins to reduce reliance on foreign digital currencies amid Western sanctions. Tether's USDT wallet freeze on Garantex caused a $28M loss,...
News

Tether Invests in Fizen to Boost Stablecoin Payment Solutions

Tether makes a strategic investment in Fizen to boost stablecoin payment solutions. Fizen and Tether partner to simplify global crypto payments using QR...
News

Largest Bank in Brazil Eyes Stablecoin Launch

Itaú Bank Eyes Stablecoin Launch, Awaits Regulatory Approval Itaú Supports Self-Custody Stablecoins with Legal Frameworks Itaú, the largest bank in Brazil, is looking into...
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