Senators Kirsten Gillibrand and Cynthia Lummis are spearheading a significant legislative effort aimed at refining the regulation of stablecoins, a type of cryptocurrency pegged to stable assets like the U.S. dollar. Their proposed bill is poised to introduce comprehensive guidelines that will regulate stablecoin issuances and ensure robust consumer protections while fostering … [Read more...] about Stablecoin Oversight: U.S. Senators Propose Clear Guidelines
Singapore’s stablecoin surge: digital asset payment firms reconsider strategy
The Monetary Authority of Singapore (MAS) recently finalised its stablecoin regulatory framework, which has sent ripples throughout the nation's financial technology sector. The move offers greater clarity to businesses keen on navigating the burgeoning stablecoin scene, and as a result, many digital asset payment firms are reevaluating their strategies, aligning with these … [Read more...] about Singapore’s stablecoin surge: digital asset payment firms reconsider strategy
Mastercard to settle stablecoin payments in Australia
The digital payment solution will process all transactions with USDC … [Read more...] about Mastercard to settle stablecoin payments in Australia
Tether has reportedly surpassed Visa and Mastercard in terms of transaction volume in 2022
USDT, the biggest stablecoin in terms of market capitalization, has flipped top payment processors Visa and Mastercard in terms of settlement volume, according to a recent tweet by Tether. … [Read more...] about Tether has reportedly surpassed Visa and Mastercard in terms of transaction volume in 2022
Circle and Binance expand their stablecoins to new blockchains
Circle, the company behind stablecoin USDC, announced that it will soon be making USDC available on five additional blockchains. … [Read more...] about Circle and Binance expand their stablecoins to new blockchains
BIS Innovation Hub to create a platform to assess aftermath of stablecoin and DeFi projects collapse
BIS will explore cryptocurrency markets … [Read more...] about BIS Innovation Hub to create a platform to assess aftermath of stablecoin and DeFi projects collapse
US banks given permission to use blockchain infrastructure and issue stablecoins
Federally chartered banks are allowed to participate in independent node verification networks and use stablecoins for payment activities … [Read more...] about US banks given permission to use blockchain infrastructure and issue stablecoins
Raiffeisen Bank and Bitpanda bring blockchain interoperability to banking industry
Austria-headquartered Raiffeisen Bank International (RBI) is turning to technology that will allow its tokenized fiat currency to operate across multiple blockchains. … [Read more...] about Raiffeisen Bank and Bitpanda bring blockchain interoperability to banking industry