Tag: Stablecoins

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Western Union Plans Stablecoin Integration After GENIUS Act Approval

GENIUS Act pushes Western Union closer to stablecoin payment services. Western Union eyes on-ramp partners for stablecoin cash conversions globally. Stablecoin settlement trials...

JPMorgan’s Crypto Pivot: Banking Giant Considers Offering Crypto-Backed Loans To Customers

Key Insights: JPMorgan is looking into crypto-backed loans secured by Bitcoin and Ether, with a possible launch date by next year. CEO Jamie Dimon,...

StablecoinX to Go Public With TLGY, Builds $360M ENA Reserve

StablecoinX merges with TLGY, securing $360M ENA reserve for growth. Five-year renewable deal expands Ethena’s stablecoin reach and power. Ethena Foundation grows ENA...

Mastercard Calls GENIUS Act Marks Turning Point for Stablecoins

GENIUS Act marks first U.S. law for dollar-backed stablecoin regulation. Mastercard says clear stablecoin rules boost trust, encourage wider mainstream adoption. Big banks...

Alchemy Pay Shifts Focus to Stablecoin Blockchain with New White Paper

Alchemy Pay unveils new Layer 1 Chain focused on stablecoin payments. GENIUS Act fuels Alchemy Pay’s push for global stablecoin adoption. Alchemy Chain...

Can Ethereum Make A New All-Time High This Year?

Key Insights: Ether has surged 47% in 30 days. It is outperforming Bitcoin and most of the crypto market. Institutional inflows into Ether ETFs...

China Mulls Yuan-Backed Stablecoin via State Firms

China explores yuan-backed stablecoins through trusted state-owned firms in Shanghai. Shanghai leaders push digital currency research, eye stablecoin experiments with companies. Stablecoins may...

Why is Tether Stockpiling $8 Billion Worth of Gold in A Secret Swiss Vault?

Key Insights:  Tether has just announced that it holds nearly 80 tons of gold in a “secret” Swiss vault. Tether’s gold holdings aren’t just...

South Korea Forced To Abandon CBDC Project As Commercial Banks Favor Stablecoins

Key Insights: The Bank of Korea has paused its CBDC trials due to commercial banks favoring stablecoins. South Korea's President Lee Jae-myung's pro-crypto stance...

Bank for International Settlements (BIS) Says Stablecoins “Fail As Money”: Here’s Why

Key Insights: The Bank for International Settlements (BIS) argues that stablecoins "fail as money". Stablecoins lack "singleness," "elasticity," and "integrity," making them vulnerable to...

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. ...

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...
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