A cryptocurrency subsidiary of the Japanese financial conglomerate SBI is preparing to roll out support for Circle’s USDC stablecoin as local regulators soften stablecoin rules. On March 4 ...
He said that if the major stablecoin issuers saw “value to capture” on the blockchains, they would have integrated their stablecoins into the networks. In a statement to Cointelegraph ...
Ethena, developer of the synthetic stablecoin USDe, has raised $100 million to finance a similar token targeted at traditional financial (TradFi) institutions, Bloomberg reported on Monday.
A stablecoin is a cryptocurrency (crypto) that is tied to the value of an underlying asset, most often a fiat currency like the US dollar. Stablecoins are designed to limit volatility by ...
"USDC becomes the first and only global dollar stablecoin to become approved for use in Japan," wrote Circle CEO Jeremy Allaire. In Japan, regulatory changes in 2023 cleared the way for licensed ...
A stablecoin is a crypto asset whose issuer represents that the stablecoin will maintain parity with a designated fiat currency or another referenced asset or group of assets. Most global stablecoins ...
Plasma, a “purpose-built” blockchain for stablecoin payments, announced it has secured $24 million in funding. Plasma has raised $20 million in a Series A led by Framework Ventures ...
(Bloomberg) -- Yield-bearing stablecoins have long been on the wish list of many crypto market participants who use the tokens to facilitate billions of dollars in transactions daily. Now US ...
The Hong Kong dollar’s peg to the US currency is seen as a unique advantage for the city, as the majority of stablecoin trading activity happens through cryptocurrencies backed by the US dollar.
Bill Hagerty (R-Tenn.) and Rep. Maxine Waters (D-Calif.) — unveiled stablecoin bills in their respective chambers of Congress. Each aims to provide a structured regulatory framework for the ...