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Key Congressman McHenry Is Bullish U.S. Stablecoin Law Will Pass This Year
9.4.2024
The window is narrowing for legislation to set up rules for stablecoin issuers in 2024, but the retiring chairman of the House Financial Services Committee says it can be done
Hong Kong’s ZA Bank to Offer Custody Accounts for Stablecoin Issuers
9.4.2024
ZA Bank, a virtual bank in Hong Kong, will offer cash custody accounts for institutions that want to issue stablecoins. The organization is in talks with several parties seeking to issue their stablecoins, and this service would be available for them after receiving a license from the Hong Kong...
Stablecoin Growth Is More Important Cue for Crypto Bull Market Than Bitcoin ETF Inflows: Analyst
8.4.2024
Rapidly expanding stablecoin supply shows that "fiat money is being moved into crypto at an accelerated pace," 10x Research's Markus Thielen said
Hong Kong Welcomes Crypto With New Initiative For Stablecoin Issuers
5.4.2024
A crypto-supportive bank in Hong Kong is already in touch with five corporate clients planning to become stablecoin issuers.
The post Hong Kong Welcomes Crypto With New Initiative For Stablecoin Issuers appeared first on Cryptonews
XRP Price Prediction as Ripple Announces New Stablecoin – Can XRP Reach $100?
5.4.2024
News that Ripple Labs is set to launch its very own US dollar-pegged stablecoin has failed to give the XRP (XRP) price a lasting lift. XRP, which is the token of the XRP Ledger launched by Ripple Labs in 2012, was last at $0.587. That leaves it down close to 7% for the week, and […]
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Sony Bank Tests Yen-Pegged Stablecoin, Taps Polygon for Pilot Project
5.4.2024
According to a regional report, Sony Bank of Japan is currently exploring the potential of a stablecoin tied to the yen that could be utilized by Sony Group along with its associated entities. Insiders revealed that this endeavor’s testing phase employs the Polygon blockchain, with...
Japan’s Sony Bank Experiments with Issuing Stablecoin Pegged to Yen on Polygon
5.4.2024
Sony Bank, the financial arm of the renowned Japanese gaming and entertainment conglomerate, Sony Group, has embarked on a proof-of-concept endeavor to introduce its stablecoin, pegged to fiat currency like Yen.
The post Japan’s Sony Bank Experiments with Issuing Stablecoin Pegged to Yen...
Ethena Labs Adopts Bitcoin to Back USDE Stablecoin; Supply Surpasses 2 Billion
5.4.2024
On Thursday, Ethena Labs unveiled its new strategy to back USDE with bitcoin, enhancing the stablecoin’s foundation. The stablecoin, known for delivering yields in the double digits, has rapidly ascended to become the fifth-largest stablecoin by market capitalization, now valued at over...
Fantom completes the initial stage for releasing its stablecoin UDDC.e
5.4.2024
The Fantom Foundation has completed its first stage of introducing its stablecoin USDC.e, boosted by Wormhole, and is utilizing Circle’s bridged USDC standard. Initially, being a bridged USDC stablecoin from Ethereum (USDC.e), the token is now the stablecoin about the Fantom network. The initial...
Ripple announces the release of USD-backed Stablecoin
5.4.2024
Ripple is a well-known service provider for crypto solutions and enterprise blockchain. It has announced plans to launch a stablecoin pegged 1:1 to the US dollar (USD). US dollar deposits, short-term US government treasuries, and other cash equivalents will fully fund Ripple’s stablecoin....
PayPal Enables No-Fee Cross-Border Transfer Using Native Stablecoin PYUSD
5.4.2024
PayPal's feature enables users to convert PYUSD stablecoin to USD and use it to send money to recipients in 160 countries globally.
The post PayPal Enables No-Fee Cross-Border Transfer Using Native Stablecoin PYUSD appeared first on Cryptonews
Ethena Labs to Scale USDe Stablecoin with Bitcoin Backing
5.4.2024
Ethena Labs plans to use Bitcoin as backing to expand the capacity and stability of USDe stablecoin, which is currently backed by only Ethereum liquid staking tokens.
The post Ethena Labs to Scale USDe Stablecoin with Bitcoin Backing appeared first on Cryptonews
Ripple’s New Stablecoin Looks to Boost XRP Adoption
5.4.2024
Ripple plans to introduce a stablecoin pegged to the US dollar this year, as projections estimate the market will surpass $2.8t by 2028.
The post Ripple’s New Stablecoin Looks to Boost XRP Adoption appeared first on Cryptonews
What Does Ripple’s Stablecoin Mean for XRP?
4.4.2024
XRP has plenty of internet fans but Ripple has struggled to win real enterprise customers. Will its new stablecoin fill the gap and overshadow its existing token?
Is It Too Late to Buy Ethena? ENA Price Soars After Binance Listing and This Other Coin is About to List on Exchanges
4.4.2024
The newly-listed Ethena token (ENA) has surged 13% in 24 hours and 53% overall since listing on Binance on Tuesday. ENA is a governance token for Ethena’s decentralized finance (DeFi) protocol. The protocol’s yield-earning dollar-pegged stablecoin USDe offers a staggering 35% APY....
Ripple Plans to Launch USD-Pegged Stablecoin, Expanding Token to XRP and Ethereum Ecosystems
4.4.2024
Blockchain solutions company Ripple has unveiled its strategy to launch a stablecoin pegged to the U.S. dollar, aiming to boost liquidity on the XRP Ledger. Ripple Set to Introduce U.S. Dollar-Linked Stablecoin, Aiming for Wider Crypto Adoption In a statement released on Thursday, Ripple revealed...
Ripple, Developer Behind XRP Ledger, Enters Stablecoin Fray vs. Tether, USDC
4.4.2024
The token will be "100% backed by U.S. dollar deposits, short-term U.S. government Treasuries and other cash equivalents." according to the company
Tether (USDT) – The leading stablecoin and the backbone of the crypto economy
4.4.2024
Tether (USDT) is a stablecoin linked to the value of fiat currencies, such as the US dollar, and it is a crucial pillar in the unstable Bitcoin environment. Tether is a dependable means of exchange and store of value in the turbulent cryptocurrency market, unlike its more unpredictable peers....
Japan’s Hokkoku Bank launches Deposit-Backed ‘Tochika’ Stablecoin
3.4.2024
Hokkoku Bank has written new history by launching “Tochika,” which is the first stablecoin financed by bank deposits. Being a regional institution of Japan, Hokkoku Bank is proceeding towards the adoption of new Web3 technology with this new stablecoin launch. This sparks new initiatives...
Van Eck Scion’s new stablecoin debut grabs crypto fans’ attention
3.4.2024
Van Eck is heavily investing in stablecoins, a relatively new type of cryptocurrency. In order to bolster the case for investment, Agora raised $12 million in finance under the direction of Dragonfly. Van Eck will assume the role of fund manager for Agora’s stablecoin reserves. Nick Van...